Global Medical Grade Coatings Market, June 2021 Report On Size, Share 2021 Trends, Business Growth, Application, Development, Segmentation, Application, Types, Drivers, and Forecast 2030

In a recently published report, Global Medical Grade Coatings Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Medical Grade Coatings Market products.

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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

Global Medical Grade Coatings Market is valued approximately USD XXX million in 2020 and is anticipated to grow with a healthy growth rate of more than 21.5 % over the forecast period 2021-2027. Medical devices and electronic components need shielding in order to be safe and functional. Moisture, water material, and body fluids are only a couple of the things that can contaminate and make lifesaving equipment ineffective. Plastics, glass, metals, silicone, rubber, and ceramics are among the substrates on which medical coatings and materials are suitable. The medical industry’s growing demand for coatings for life-saving products is expected to boost medical coatings use. Furthermore, growing demand for life-saving devices in developing economies in Asia Pacific and Latin America is projected to boost medical coatings use. The demand for minimally invasive surgeries has risen as the incidence of arthritis, cancer, and cardiovascular diseases has increased, both of which need complicated surgical care. This has increased the need for lightweight surgical instruments that can manoeuvre through complicated and fragile areas of the body, such as catheters, guidewires, catheters, delivery sheaths, and implant delivery systems. These instruments are widely used in the cerebrovascular, coronary, and peripheral vascular systems during minimally invasive procedures. They frequently provide hydrophilic and hydrophobic coatings to facilitate insertion into small vascular areas while minimising tissue damage. As a result, medical coatings are highly favoured in these medical procedures because they promote cost savings and reduced time usage. Garwood Medical Devices, a medical technology corporation headquartered in the United States, and a research team from the University of Buffalo have been awarded a federal grant of USD 749,000 to evaluate a medical device to deter and remove bacterial biofilm infections associated with orthopaedic implants as of December 2020. However, over the projected period of 2021-2027, varying government regulations for medical devices will stymie market development. However, the complex architecture of medical instruments necessitates atomic layer deposition, which poses a lucrative commercial opportunity.

The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical study of the global Medical Grade Coatings industry. Because of the medical equipment exports, medical technology advances, and the demand for home healthcare, North America is the world’s leading region in terms of market share. Whereas, over the projected period 2021-2027, Asia-Pacific is expected to have the highest growth rate due to increased usage of medical devices in emerging economies such as China and India, which will generate lucrative growth opportunities for the Medical Grade Coatings industry in the Asia-Pacific region.

Major market player included in this report are:
SurModics
the DECC Company
Hangzhou Kangsheng Medical Equipments Co. Ltd.
Yangzhou Fuda Medical Devices Co. Ltd.
Precision Coating Co. Inc.
Donwell Company Inc.
Merit Medical Systems, Inc.
Harland Medical Systems
Applied Medical Coatings LLC.
Dymax Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Lubricants
Antimicrobial
Hydrophilic coatings
By Application:
Medical devices
Implants
Medical equipment
Tools
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Medical Grade Coatings Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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