Medical Coating Market Growth Drivers, Market Strategies and Future Prospects 2025
Medical devices are vulnerable to microbial infections such as bacterial, viral, and fungal infections, which can lead to health-care-associated diseases in patients. The medical coating is defined as a covering applied to medical devices such as implants or any type of equipment to prevent biofilm formation or to change physical attributes such as lubrication. The growing number of infections caused by medical equipment is driving the demand for medical coating for gadgets on the market.
Drivers of the Medical Coating Market
Increasing Demand for implanted devices, as well as the shift from traditional operational, practices to less invasive medical procedures, are major drivers of growth in the Medical Coating Market. The growing worldwide population with healthcare difficulties, as well as increased awareness about medical treatment advancements, are driving demand for implanted devices such as dental implants, orthopedic implants, neurostimulator devices, and breast implants. According to the American Association of Orthopaedic Surgeons data from 2014, around 4.5 million people in the United States had artificial hips and 6.7 million people had artificial knees in 2010.
The Global Medical Coating Market is hampered by lengthy regulatory approvals and short shelf life. Medical device, equipment, and implantable device advancements drive the market for medical coating, which is closely monitored by regulatory organizations such as the FDA. According to the Mayo Foundation for Medical Education and Research, around 370000 Americans are fitted with cardiac pacemakers each year. These results only represent a small subset of implantable devices, and further use will raise the likelihood of microbial infection, which can be avoided by employing medical coating. Over the forecast period, this is expected to fuel growth in the medical coating industry.
Technological advancements such as target-specific medication delivery systems play an essential part in driving the growth of the medical coating industry. Precision Coatings Co. Inc., a leading Fluoropolymers applicator, partnered with DCHN LLC, an anodic coating and printing expert, in 2017 to combine their experience to provide best-in-class medical coating service. Furthermore, in order to succeed in the Medical Coating Market, the leading competitors employ merger and acquisition methods. For example, Kensey Nash Corporation, a medical equipment firm, bought Nerites Corporation, a producer of medical adhesive and anti-fouling coating, in 2011. The acquisition will be used to investigate Nerites' anti-fouling technology for preventing the production of bacterial biofilms.
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