Medical Coatings Market to find promising growth in the Asia Pacific and Latin America

1. Medical Coatings Market to find promising growth in the Asia Pacific and Latin America Market overview: The medical coatings market is expected to have more than CAGR of 7% during the 2019- 2024 forecast period. Medical Device Coating (MDC) improves the mobility and performance of medical devices. It is used to protect the surface of devices such as cardiovascular, neurovascular and gynaecological. Recent developments: In 2011, Kensey Nash, a medical device company focused on regenerative medicine, acquired assets of US$ 20 million in cash from Nerites, a developer of medical adhesives and antifouling coatings. In addition, companies are investing in research and development to introduce different types of medical coatings with excellent properties and characteristics. Market Drivers and Restraints: Medical coatings optimize the performance of medical devices and improve product surface characteristics. This coating helps reduce friction between the fabric and the device, providing uniform coating, wetting and surface coating. Most medical devices require non- adhesive layers such as biocompatibility, electrical insulation, molding, etc., which increases the growth of the medical coatings market. The pharmaceutical industry is growing significantly, contributing to the growing demand for medical coatings in the global market. Life-saving devices are in high need that contributes to the growth of this market in developing countries. On the contrary, the short life, availability of alternatives, rising costs, product aging and various government regulations can hamper the market growth. To know more read: https://www.marketdataforecast.com/market-reports/medical-coatings-market Report segmentation: The global market for medical coatings is branched by application, type and region. Depending on the application, the market is divided into implants, medical devices and tools and medical devices. Type segments include hydrophilicity, lubricants and antimicrobial coatings. Geographical Segmentation: North America holds the most substantial share in the medical coatings market, followed by the Asia Pacific and Europe. The Asia Pacific region is foreseen to emerge as a potential market for medical coatings. Developing countries in the Asia-Pacific region, such as India and China, are expected to be a profitable market for medical coatings due to the high consumption and presence of the pharmaceutical industry. Other countries where medical coatings are heavily consumed include Australia, Malaysia, Hong Kong, Japan, New Zealand, Indonesia, Korea and Vietnam in the Asia Pacific. Latin America expects to boost the market for medical coatings due to the economic development

2. and rapid growth of the medical industry. Peru, Argentina and Brazil are the primary consumers of medical coatings in Latin America. Many companies in the Asia Pacific and Latin America invest heavily in research and development to introduce the superior quality medical coatings. Key market players: The main players that dominate the world market for medical coatings are SurModics, Merit Medical Systems, Inc., Yangzhou Fuda Medical Devices Co., Ltd., Hangzhou Kangsheng Medical Equipment Co., Ltd., Dymax Corporation, Abbott Laboratories, Raleigh Coatings, DECC Company. Es., Precision Coating Co., Inc., Donwell Company, Inc. and Bayer Material Science LLC. View sample and decide: https://www.marketdataforecast.com/market-reports/medical-coatings-market/request Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well- informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast

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