SAN FRANCISCO, December 15, 2016 /PRNewswire/ --
The global medical device coatings market size is expected to reach USD15.69 billion by 2025, according to a new report conducted by Grand View Research, Inc. The growing demand for coatings as it improves biocompatibility between living tissue and the medical device will augment the industry growth. The growing preference for implantable and non-implantable medical equipment along with rising number of private and public hospitals will fuel market growth.
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Technological innovation including the introduction of antimicrobial microRESIST technology for orthopedic implants and catheters which eliminate micro organisms will augment market growth over the forecast period. The product offers lubricity and a smooth outer surface for easy insertion of the guidewires and catheters, which in turn, will propel demand over the forecast period.
Antimicrobial coatings is expected to witness considerable revenue growth at a CAGR of 7.0% from 2016 to 2025 as they protect surfaces from microbes including fungi, parasites, bacteria, and germs. The rising number of hospitals along with the increasing requirement for healthcare facilities creates a need for sophisticated devices and equipment, which will augment product demand.
Browse full research report with TOC on "Medical Device Coatings Market Analysis By Product (Hydrophilic, Antimicrobial, Drug-Eluting, Anti-Thrombogenic), By Application (Neurology, Orthopedics, General Surgery, Cardiovascular, Dentistry, Gynecology), And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/medical-device-coatings-market
Further key findings from the report suggest:
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Grand View Research has segmented the global medical device coatings market on the basis of product, application, and region:
Read Our Research Insight - http://www.grandviewresearch.com/research-insights/medical-device-coatings-market-insights-size-share
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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