Medical Device Coatings Market to Witness Rise in Revenues By 2026
                     Medical Device Coatings Market growing 
at a CAGR of 6.8% | Strategic Analysis 
and Future Scenarios – 2026
Medical Device Coatings Market by Coating (Hydrophilic and Hydrophobic), Material (Metals [Silver, Titanium, and Others], 
Ceramics, and Polymers [Silicones, Parylene, and Fluoropolymers {Polytetrafluroethylene (PTFE), Polyvinylidene Difluoride 
(PVDF), and Others}]), and Device Type (General Surgery, Cardiovascular, Orthopedics, Dentistry, Neurology, Gynecology, 
and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2026
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Overview
According to a new report published by Allied Market 
Research, titled, "
Medical Device Coatings (MDC) Market by Coating, 
Material, and Device Type: Global Opportunity Analysis and 
Industry Forecast, 2017-2023," the global MDC market was 
valued at $11,032 million in 2016, and is projected to reach 
$17,400 million by 2023, growing at a CAGR of 6.8% from 
2017 to 2023. The hydrophilic coating segment is 
anticipated to dominate the market during the forecast 
period.
Medical device coatings (MDCs) are materials that offer 
surgeons, physicians, and healthcare professionals 
improved maneuverability required during surgical 
intervention. In addition, they reduce the trauma subjected 
to blood vessels during surgery and decrease 
thrombogenicity in patients.
Segments
In terms of revenue, the global surgical robotics market is 
segmented on the basis of Device Type, Material, Coating and End 
User. 
By Material- The metals MDC materials segment occupied the 
highest share in MDC materials market in 2016, owing to their 
usage applicability and availability in medical & clinical settings. 
The hydrophobic coating segment witnessed the highest growth 
rate in 2016, and is anticipated to dominate the market during the 
forecast period.
By Coating - The utilization rate of medical device coatings is 
high for the general surgical devices and is expected to grow at a 
CAGR of 4.5% during the forecast period. This is attributable to 
increase in use of MDC in hernia repair devices, thoracic surgical 
devices, and colonoscopy based transplants devices.
Geography
North America dominated the Medical device 
coatings market. The market growth in North 
America is primarily a reflection of product 
innovations and launches resulting from 
technological advancements. The companies mostly 
adopted product launch, acquisition, and expansion 
as their key strategies to keep pace with the 
changing demands of consumers and strengthen 
their market position.
Key Market Players
The key players operating in the global Medical device coatings market are 
• Surmodics, Inc., 
• Covalon Technologies Ltd., 
• Royal DSM, Hydromer. Inc., 
• Precision Coatings Co. Inc., 
• AST Products Inc., 
• Abbott Laboratories, 
• Biocoat Inc., 
• Specialty Coating Systems, Inc., 
• Harland Medical Systems Inc.
The other players in the value chain include Merit Medical Systems, Inc., Coatings2Go, LLC., 
Hemoteq AG, and Materion Corporation.
• An in-depth market analysis includes analysis of various 
regions, which is anticipated to provide a detailed 
Key Findings of the understanding of the current trends to enable 
stakeholders formulate region-specific plans.
Medical device • A comprehensive analysis of factors that drive and 
coatings market: restrain the growth of the global is provided.
• The projections in this report are made by analyzing the 
current trends and future market potential from 2021 to 
2030, in terms of value.
Find out more at the Allied Market Report store
https://www.alliedmarketresearch.com/medical-device-coatings-market
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