Wound Care and Medical Device Coatings Market is expected to reach US$ 17,117 Mn by 2025 – QY Research

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Los Angeles, USA - September 5, 2018 /MarketersMedia/ —

This report studies the global market size of Wound Care and Medical Device Coatings in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Wound Care and Medical Device Coatings in these regions.

This research report categorizes the global Wound Care and Medical Device Coatings market by top players/brands, region, type and end user. This report also studies the global Wound Care and Medical Device Coatings market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

Prolonged usage of medical devices results in adverse factors including wearing out of these devices, rise in infections, development of microbes, and increase in friction and corrosion. In order to counter these adverse effects, medical devices are coated. Different types of surface-coating technologies have been implemented in the recent past. These have helped reduce design complexity and have improved the overall usage of medical devices. Based on product, the global wound care and medical device coatings market has been segmented into antimicrobial, hydrophilic, drug-eluting, and antithrombogenic & others.

Based on product, the global wound care and medical device coatings market has been segmented into antimicrobial, hydrophilic, drug-eluting, and antithrombogenic & others. Antimicrobial is the most widely used product type of wound care and medical device coatings. The segment is likely to dominate the global wound care and medical device coatings market during the forecast period, due to high demand for antimicrobial coatings for use in the health care industry. Antimicrobial coatings have low cost and high compatibility with various materials of medical devices including metal, plastics, carbon fiber, composite materials, and stainless steel. Antimicrobial coatings resist the formation of microbial growth on the coating substrate. On the other hand, hydrophilic is estimated to be a rapidly expanding segment of the wound care and medical device coatings market during the forecast period. Hydrophilic coatings are gaining significance, as they provide sufficient wetting ability to facilitate smooth lubrication. Cardiovascular devices is likely to be the rapidly expanding application segment of the market during the forecast period.

In terms of application, the global wound care and medical device coatings market can be segmented into wound care (medical tapes & bandages and wound drains) and medical devices (general surgery devices, cardiovascular devices, neurology devices, gynecology devices, orthopedic devices, dentistry, and others). Medical devices is estimated to be the dominant segment of the wound care and medical device coatings market during the forecast period. Rising health care expenditure, technological advancements, growing elderly population, and increasing prevalence of chronic diseases are driving the market. Wound care is projected to be the rapidly expanding segment of the wound care and medical device coatings market from 2018 to 2026. This is attributable to rapid growth of geriatric population, development of innovative wound care products, increasing number of road accidents and trauma injuries worldwide, and rising number of awareness programs for wound care treatment and management. Medical tapes & bandages is expected to be the dominant sub-segment of the wound care segment, whereas wound drains is likely to be the rapidly expanding segment during the forecast period.

New report published by QY Research which offers insights on the global Wound Care and Medical Device Coatings market. The Wound Care and Medical Device Coatings market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Wound Care and Medical Device Coatings is expected to reflect a 1.6x increase in the revenue growth. In 2017 the global Wound Care and Medical Device Coatings market was valued at US$ 10,389 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 17,117 Mn growing at a value CAGR of 6.44% throughout the period of forecast.

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The following manufacturers are covered in this report, with sales, revenue, market share for each company:

Surmodics, Inc.

Royal DSM

Hydromer Inc.

Covalon Technologies Ltd.

AST Products, Inc.

Abbott

Precision Coating Company, Inc.

Market size by Product

Antimicrobial

Hydrophilic

Drug-eluting

Antithrombogenic

Others

Market size by End User

Wound Care

Medical Devices

Others

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Release ID: 403125