MEDICAL DEVICE COATING MARKET ANALYSIS

Medical Device Coating Market, By Coating Type (Hydrophilic Coating, Antimicrobial Coatings, Drug-eluting Coatings, Anti-thrombogenic Coatings, Others (Hydrophobic Coating, etc.)), By Application (Neurology, Orthopedics, General Surgery, Cardiovascular, Dentistry, Gynecology, Others (Respiratory, etc.)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Sep 2023
Code : CMI2790
Pages :180
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

High cost of DNA Microarray Sequencing

Medical Device Coating Market: Restraint

High Cost of Volatile Raw Material

Volatile raw material prices, which are used in coating medical devices, are expected to hinder growth of the global medical device coating market over the forecast period. Polymer resins, fillers, oil-and water-based solvents, and binders are the basic raw materials required in the manufacture of coatings. The most extensively used polymer resins are polypropylene derivatives, including acrylate, urethane, and alkyd resins. Furthermore, toluene, benzene, and isopropyl alcohol are the most widely used solvents, while hyaluronic acid and colloidal silver are used as binders. More than 40% of the raw materials used in coating manufacturing are petrochemicals. Price fluctuations in these raw materials, such as polypropylene and toluene, have occurred due to variations in crude oil prices.