Global Wound Care and Medical Device Coatings Market Segmentation by Product (Ntimicrobial, Hydrophilic, Drug-Eluting, Antithrombogenic, Others), by Application (Wound Care (Medical Tapes & Bandages, Wound Drains, Medical Devices, General Surgery Devices, Cardiovascular Devices, Neurology Devices, Gynecology Devices, Orthopedic Devices, Dentistry, Others), by Region (North America, APAC, Europe, MEA& Africa, South America).
Various factors such as increasing pressure and diabetic ulcers related to the growth of an aging population and the increasing prevalence of diabetes, various technological advancements such as introduction of fluorinated, silver, and spin coatings and usage of hydroxyapatite and micro-blasting technique are expected to drive the global market over forecast period.
However, factors such as lack of awareness in underdeveloped countries, increase in cost of health care devices, volatile raw material prices, and stringent government regulations are restraining the market growth over forecast period.
Global Wound Care and Medical Device Coatings Market is segmented by Product, by Application and by Region. By product, Antimicrobial product segment held 36.67% of market share in 2019 and is expected to keep its dominance over forecast period due to high demand for antimicrobial coatings for use in the health care industry. Antimicrobial product segment is followed by hydrophilic product coatings.
By geography, North America held 37.98% of market share in 2019 and is expected to keep its dominance over forecast period due to high adoption of advanced surgical treatments, increasing awareness regarding commercially available products, and development of health care infrastructure. North America is followed by APAC and Europe. APAC is expected to hold xx% of market share over forecast period.
Report covers in depth analysis of key development, marketing strategies, value chain, supply chain and company profiles of market leaders, potential players and new entrants. Some of the key players covered in this market are Surmodics, Inc., Royal DSM, Hydromer Inc., Covalon Technologies Ltd., AST Products, Inc., Abbott and Precision Coating Company, Inc. among others. These key players are adopting various organic and inorganic growth strategies such as merger& acquisition, joint ventures, collaborations, expansion and strategic alliances to increase their regional presence and business opeartions.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Wound Care and Medical Device Coatings Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Wound Care and Medical Device Coatings Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Wound Care and Medical Device Coatings Market positioning of competitors.