Development in the design of medical devices such as guidewires, catheters and stents has enhanced the quality of medical concern to a big extent. However, these equipments are prepared by materials which when approaching a contact with the exterior environment can source undesirable difficulties such as blood clots, bacterial infection, and tissue trauma. Medical device coating is being utilized to lessen such shortcomings. Medical device coating skill utilizes UV curing or an organic solvent for the function of coating the medical equipment. Water-based or dry formulations are utilized as coating technology which facilitates solvent free dispensation.

The medical equipment coatings market is determined by growing healthcare consciousness in developing and developed countries coupled with growing demand for enhanced healthcare & medical facilities. Medical device or equipment coatings are being utilized for wear & tear, to counter microbial growth and avoidance of infection by medical devices. Moreover, major foreign investment in the medical equipment industry in China coupled with compassionate governmental policies and regulations is expected to drive requirement of medical equipment or device coatings.

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Growing requirement of nanotechnology supported coatings is projected to provide superior opportunities for industry growth over the forecast period. Though, instability in a cost of raw materials coupled with severe governmental policy and regulations is expected to obstruct market growth over the forecast period. Medical device or equipment coatings assist in plummeting the roughness between tissues and medical devices, wetting, wear-resistance, uniform adhesion, offers surface coverage and coating homogeneity. Growing awareness about modestly persistent surgeries amongst the patients is expected to drive the worldwide medical device coating industry. In addition to which, expansion prospect in medical industries coupled with budding economies is expected to drive the worldwide market for medical device coatings to some level over the forecast period. Growing people anxiety towards wellbeing and health coupled with growing disposable earnings is however expected to augment the demand for enhanced medical facilities over the forecast period. Moreover, shifting government regulation for medical devices around diverse countries may obstruct the expansion of medical device coating industry to some extent.

The occurrence of epidemics is growing at an upsetting rate. The high occurrence of chronic sickness, increasing awareness about cleanliness, and growing worldwide population are critical reasons that are expected to fuel the demand of medical device or equipment coatings market globally. While the development prospects of the industry seem very capable, execution of severe government regulations and unstable raw material prices may obstruct the market expansion to a level over the forecast period. On the basis of formulation of medical device coatings, the market can be segregated into dry lubricant coatings, super-hydrophilic coatings, and adhesive coating.

Dry Lubricant coating is expected to capture maximum market share over the forecast period owing to its extensive use over the forecast period. The super-hydrophilic medical device coating is accepted to grow at a very fast rate over the forecast period owing to increasing demand for such devices which demands great optical clarity coupled with excellent water attraction. On the basis of a type, the market can be segregated into Drug-eluting coatings, Hydrophilic coatings, and Anti-microbial coatings. Antimicrobial coatings are expected to capture maximum profit over the forecast period owing to their huge demand in medical and healthcare industry. The drug-eluting coating is expected to capture the second largest revenue over the forecast period owing to their capability of slow releasing of drugs for removal of blockages in veins or arteries.

Hydrophilic coatings are expected to be the fastest growing section over the forecast period owing to their capability of providing smooth lubrication when they are in touch with human tissue. On the basis of their utilization over medical industry, the market can be segregated into orthopaedics, neurology, surgery, gynecology, cardiology, ophthalmology, dentistry and others. Cardiology is expected to capture maximum revenue over the forecast period owing to their extensive use in various instruments such as angioplasty, balloon catheters, occlusion devices, percutaneous devices, coronary stents, guide wires, and others.

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On the basis of a geographical region, the market can be segregated into Asia Pacific, North America, Europe and Rest of World. North America is expected to capture maximum market share in terms of revenue over the forecast period owing to the US which is expected to be the huge market for medical device coating. Asia Pacific is expected to grow rapidly over the forecast period owing to developing market of India and China. Superior growth outlook in the medical & healthcare industry has pressurized many multinational companies to endow more in the budding market of Asia Pacific. Europe is expected to be the second-largest market in terms of revenue Some of the key players in the market are Sono-Tek Corp, Royal DSM N.V., Parlex Corp, TheraSyn Pharmaceuticals Inc., N8 Medical Inc, Hydromer Inc., Abbott Laboratories, Materion Corp., Surmodics Inc., AST Products, Precision Coating Company Inc., Kane Biotech Inc. and Specialty Coating Systems Inc.

Market Segment:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million;2014 - 2025)
• Hydrophilic coatings
• Antimicrobial coatings
• Drug-eluting coatings
• Anti-thrombogenic coatings
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million;2014 - 2025)
• Neurology
• Orthopedics
• General surgery
• Cardiovascular
• Dentistry
• Gynecology
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million;2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa

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Increasing requirement for medical devices inferable from expanding government consumptions for the development of clinics and hospitals as well as the formation of public health insurance might possibly additionally help industry extension over the years to come. 

Growing requirement for the product as it diminishes erosion between the tissues and devices as well as gives coating homogeneity, surface coverage, and wetting might aid in generating huge market prospects throughout the following nine years. These coatings improve the endurance of the equipment and offer superb thermal stability, dry-film lubricity, and dielectric properties that is probably going to make huge market prospects over the years to come.

The rising events of ailments alongside growing requirement for hydrophilic lubricious coatings in sheaths, a variety of urology and cardiovascular catheters as well as the short-term implanted device as it instigates biocompatibility might push industry expansion throughout the following nine years. 

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Technological progressions, for example, the presentation of fluorinated, spin and silver coatings, utilization of hydroxyapatite as well as micro blasting technique might drive industry development. On the other hand, increasing expense of healthcare service devices, unpredictable raw material costs in addition to strict government controls is anticipated to impede industry growth. 

Rising utilization of the product in different parts comprising chipsets, hard disks, graphics cards, and CPU might aid in expanding the industry estimate. Changing lifestyle, rising income in addition to rapid urbanization will additionally increase industry growth. The developing use of these devices on the basis of rising geriatric populace in addition to unhealthy dietary propensities combined with a sedentary way of life is considered to expand the incidences of cardiovascular sicknesses. Moreover, favorable government policies comprising the increasing healthcare spending and reimbursement coverage will boost the market growth of medical device coating over the years to come. Persistent advancement in the medical devices is foreseen to aid in market expansion significantly in the approaching years.

Among the foremost regions, the North America regional market is considered to be one of the most attractive markets, went after by APAC and Europe. In which, the U.S. single-handedly is considered to be the most popular in the overall market. In contrast, the APAC regional market is awaited to see a noteworthy development over the years to come. Emergent India and China markets are liable to develop the Asian market for medical device coating.

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During January 2014, DSM commenced its medical device coating service plant in the U.S. for ComfortCoat hydrophilic lubricious coatings for medical device geometries and component sizes. During January 2012, the organization joined forces with EPflex to establish a fresh set of guidewires to extend its product portfolio.

Enhanced development prospects in the medical care segment have acted upon a variety of multination market players to invest more in the arising market of APAC. The market is exhibiting a great deal of potency for rising at a hastened pace. The product proffering of the market for medical device coating has branched out exceedingly in comparison to the last couple of the years, in this manner building the market more lucrative for new as well as current contenders. The foremost market players functioning in the worldwide market are AST Products Inc., TheraSyn Pharmaceuticals Inc., N8 Medical Inc, Precision Coating Company Inc., Surmodics Inc., Kane Biotech Inc., Royal DSM N.V., Parlex Corp., Specialty Coating Systems Inc., Abbott Laboratories, Biocoat Inc., Sono-Tek Corp, Hydromer Inc., and Materion Corp. The market players are actively engaged in novel product launches as well as mergers for extending their worldwide strengthening and presence their market existence.

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