- Polytetrafluoroethylene (PTFE)
- Polyvinylidene fluoride (PVDF)
- Fluorinated Ethylene Propylene (FEP)
- Perfluoroalkoxy Alkanes (PFA)
Medical Grade Coatings Market size valued USD 6.0 billion in 2020 and expected to reach USD 15.4 billion by 2027, at a CAGR of 20.8% during the forecast 2021-2027. Factors such as increasing demand for medical devices, benefits of medical grade coatings, rising disposable incomes of the global population and rising demand for coatings from medical devices are some factors influencing the market growth. However, stringent regulatory policies and time-consuming regulatory approvals are inhibiting the market growth. This report studies global medical grade coatings market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Fastest Growing Market
Market dynamics are changing the medical device market in unprecedented ways. Over the years, the aging population in developed countries, declining birth rates and higher life expectancy and the rise of chronic diseases around the globe have been major demand drivers for medical devices. Demand is further generated thanks to the ever-expanding market geography, changing roles of patients and decision-makers, technological advancements, and increased data availability. There has been a huge growth in the application of coatings onto medical devices in the last few years. These coatings improves the durability of the equipment and offer outstanding thermal stability, dry-film lubricity and dielectric properties which create substantial market growth over the forecast period. Hence, increasing demand for medical devices is fueling the market growth.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.