MEDICAL COATING MARKET ANALYSIS
Advancements in technology such as target specific drug delivery system plays an important role in driving growth of the medical coating market. In 2017, Precision Coatings Co. Inc., a leading player in Fluropolymers applicator collaborated with DCHN LLC, specialised in anodic coating and printing expert, to combine their expertise to provide best in class medical coating service. Moreover, the key players adopt merger and acquisition strategies to thrive into the medical coating market. For instance, in 2011, Kensey Nash Corporation, a medical device company, acquired Nerites Corporation, a developer of medical adhesive and anti-fouling coating. The acquisition is intended to explore Nerites anti-fouling technology for preventing bacterial biofilm formation.
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