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Medical coatings are the critical step for the sterilization and cleanliness of medical and surgical tools. The company extends coatings to the equipment by the existing methods for ease of preparation and cost-effectiveness. For different treatment methods, the medical industry uses a range of devices, accessories, supplies, and instruments. Medical coating accessibility is for every various stage of coating in different forms such as lubricants, hydrophilic surface coatings, and antimicrobial coatings. Due to the weight to strength ratio and low manufacturing costs, aluminum is the most better-suited metal for medical devices, and it also prevents unmanaged oxidation. The wide variety of of medical coating materials from lube to anti-bacterial to liquid-repellent polymers of each and every variety of coatings used for many different applications on many devices.
Coatings used in medical devices for various applications need to be compatible with the substratum on which they are implemented and should be able to endure the sterilization and cleaning under which the devices could be employed. Increased knowledge thus proves to be a prime factor that is expected to add momentum to this market along with an increasing global aging population.
Key Market Driver -
Increasing ageing population and rising awareness about health-care is driving the market.
Key Market Restraint -
The rising cost of healthcare and low shelf life of some products act as a major restraint.
However, increasing health care costs and the limited shelf-life of certain products are a major constraint. These coatings are majorly used in medical devices such as cardiovascular, orthopedic, optical, endoscopic and radiology devices. The cost of medical implants are very high thus making it less suitable for the market.
Based on substrate type, the market for medical hydrophilic coatings is segmented into metals, ceramics, polymers and other. On the basis of application, the market is cassified into medical equipment & tools, medical devices, implants, others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The medical hydrophilic coatings market is farily consolidated, with number of players operating in the global markets. Some of the key players in the medical hydrophilic coatings market include, DSM Biomedical, SCS, Biocoat, Surmodics, Covestro, Thermal Spray Technologies, Coatings2Go Hydromer, Harland Medical Systems, Precision Coating, AST Products Surface Solutions Group, Whitford, ISurTec, AdvanSource Biomaterials, etc.
The medical hydrophilic coatings market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for a significant proportion of global demand for hydrophilic coatings due to the huge amount of hospitals and medical facilities available in the region. Western Europe make up more than half of the total overall coating industry, owing to the increasing aging population which is expected to accelerate global demand growth for medical hydrophilic coatings in these areas. This applies in some regions catering to the healthcare sector in European regions. The surge in investments in the healthcare industry is bound to enhance the region's demand for hydrophilic coatings. Developing regions such as China and India are showing fast expansion in the healthcare sectors which is expected to increase hydrophilic coatings consumption. Awareness about health-care has contributed to the positive growth of the market. Japan account for a considerable share of revolutionary medical devices. Manufacturers are establishing their foundations and broadening their operations in China, thus driving demand for hydrophilic coatings in the country. Middle East and Africa is expected to grow moderately over the forecast period. GCC countries are likely to contribute to the global market due to growth and expansion, as well as investment in medical sector, which in turn are expected to drive business growth. Latin America expected to witness moderate growth owing to improving economic circumstances and regional stability.
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