Medical Device Coatings Market- Global Industry Analysis, Size, Growth and Forecast 2014 - 2020

Transparency Market

Research

Medical Device Coatings Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast

2014 - 2020

Published Date

07-April-2015

102 Page Report

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Press Release

Asia Pacific to Drive Global Medical Device Coatings Market at

7.4% CAGR from 2014 to 2020 : TMR

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Medical Device Coatings Market

REPORT DESCRIPTION

Medical Device Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast

2014 - 2020

China has emerged as a major market for medical device coatings and has become the primary force driving

the global market, states Transparency Market Research in its recent report. The study, titled “Medical Device

Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, indicates

that developing at a healthy CAGR of 7.4% from 2014 to 2020, the global medical device coatings market is

likely to grow from US$6.63 billion in 2013 to US$10.93 billion by 2020.The alarming occurrence of epidemic

diseases, increasing awareness regarding hygiene, and expanding global population has fueled the growth of

the medical device coatings market. However, stringent government regulations and volatility of raw material

prices are likely to restrain this market over the next five years. On the basis of product, the medical device

coatings market is segmented into hydrophilic coatings, anti-microbial coatings, drug-eluting coatings, and

others such as anti-thrombogenic coatings. With a 40% share in 2013, anti-microbial coatings dominated the

medical device coatings market, while hydrophilic coatings are expected to be the most rapidly growing

product segment by the end of the forecast period.

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