About Precision Medical Coating
Precision medical coating is applying range of coatings on the medical equipment’s. It includes lubricants, anti-microbial liquids, water repellent material etc. This coating reduces surface friction and enhances lubricity. It has wide applications in medical devices, surgical instruments. Owing to their higher demand in sustainable drug releases, the demand for precision medical coating is anticipated to grow with higher growth rate over forecast period.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Market players are focusing on providing Precision Medical Coating with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further achieve secured coating procedures for medical devices and drugs. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
N2 Biomedical LLC (United States), Soleras Advanced Coatings (Belgium), Hydromer Inc. (United States), Biocoat Incorporated (United States), Precision Coating Technology & Manufacturing Inc. (United States), Surface Solutions Group (United States), LipoCoat BV (Netherland), Formacoat LLC (United States), Specialty Coating Systems Inc. (United States), Tegra Medical (United States), Tekra, LLC (United States), AST Products (United States), The Donwell Co., Inc. (United States), Richter Precision, Inc. (United States), H. L. Clausing Inc. (United States), Innovative Surface Technologies (United States), Whitford Corporation (United States), AdvanSource Biomaterials Corporation (United States), Jiangsu Biosurf Biotech (China) and jMedtech (Singapore) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Innovative Surface Technologies (United States), Techmetals, Inc. (United States) and BryCoat, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Precision Medical Coating market by Type (Antimicrobial Coatings, Hydrophilic Surface Coatings, Drug Delivery Coatings and Others), Application (Core Wire, Guide Wires, Hypo tubes, Needles, Surgical Instruments, Endoscopic Devices and Others) and Region.
On the basis of geography, the market of Precision Medical Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material , the sub-segment i.e. Medical PTEE will boost the Precision Medical Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Therapeutic Area , the sub-segment i.e. Orthopaedic/Trauma will boost the Precision Medical Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Precision Medical Coating Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Rising Infrastructure of Medical Devices
- Growing number of Cardiac Surgeries
|
Influencing Trends | - Surging Preference for Medical PTEE over Others
|
Restraints | - Higher Manufacturing Cost Involved
|
Road Blocks / Challenges | - Risk associated with Maintaining Accuracy with Coating Methods
|
Gaps & Opportunities | - Increasing Demand for Atomic Layer Coating in Surgical Instruments
- Augmenting Nano technological Advancements in Coating Procedures has created Growth Opportunities
- Rising demand for Coating in Sophisticated Drug Delivery
|
Market Leaders and their expansionary development strategies
In September 2019, Biocoat, Inc. has launched an ISO certified on site facility for the HYDEK coatings. It is mainly to offer uniquely coated medical devices for surgeries. Biocoat is known a specialty manufacturer of hydrophilic biomaterial coatings for medical devices. Wth this new launch, company is able to work with other companies to implement coating procedures at their facility. It further saves additional cost expenditure of medical devices companies.
In September 2021, Precision Coating has accounted merger with N2 Biomedical. Precision coating is one of the leading coating service provider in orthopaedic and surgical instruments market. N2 Biomedical offer coating services to medical devices with its low temperature ion implantation surface treatments. With this strategic initiative, both companies are able to offer highly advanced precision coating to the variety of devices and instruments.
Key Target Audience
Precision Medical Coating Manufacturer, Precision Medical Coating Suppliers / Distributors, Raw Material Suppliers, Medical Devices Industrialist, Pharmaceutical Giants & Players, Government Associations, Third Party Investors and New Entrants/Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.