Artificial Intelligence

Global Medical Grade Coatings Market Size is Anticipated to Acquire USD 10.83 Billion by 2030 With a CAGR of 7.71%

Published

1 year ago

August 2, 2023

NEW YORK, United States, Aug. 02, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Medical Grade Coatings Market – By Formulation (Powder Coating, Water Based, And Solvent Based. Drug Eluting, Anti-Microbial, Hydrophobic, Hydrophilic, And Others), By Type (Drug Eluting, Anti-Microbial, Hydrophobic, Hydrophilic, And Others), By Material (Metals, Parylene, Silicone, Pvdf, Ptfe, And Others), By Application (Dentistry, Gynecology, Neurology, Orthopedics, Cardiovascular, General Surgery, And Others) And By Region – Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2023 – 2030” in its research database.

“According to the latest research study, the global medical grade coatings market size was valued at approximately USD 6.44 Billion in 2022. The market is expected to grow above a CAGR of 7.71% and is anticipated to reach over USD 10.83 Billion by 2030.”

Medical Grade Coatings Market Overview:

Medical grade coatings are the several coatings specified by the manufacturers of the medical devices that provide anti-microbial surfaces & electrical insulation, lower friction, and many other enhancements of the function of a surface of a medical device. The medical grade coatings strengthen the abilities of medical devices and add biocompatibility & lubricity action to the surfaces of the medical device.

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Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
Provide detailed chapter-by-chapter guidance on Request
Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historic and Forecast Growth, Porter’s 5 Forces Analysis
Zion Market Research Methodology

Report Scope:

Report Attribute	Report Details
Medical Grade Coatings Market Size in 2022	USD 6.44 Billion
Medical Grade Coatings Market Forecast in 2030	USD 10.83 Billion
Compound Annual Growth Rate (CAGR)	7.71%
Base Year	2022
Forecast Years	2023- 2030
Key Companies Covered	Medtronic PLC, Medicoat Inc., Hydromer Inc., Harland Medical Systems Inc., Covalon Technologies Ltd., Biocoat Inc., Precision Coating Co. Inc., Speciality Coating Systems Inc., SurModics Inc., Koninklijke DSM NV
Segments Covered	By Formulation, By Type, By Application, And By Region
Regions Covered	North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Customization Scope	Avail customized purchase options to meet your exact research needs.

Key Insights from Primary Research

The rise in the use of polymer-based medical coatings for medical implants, protective covering, medical equipment, and medical devices are driving the global medical grade coatings market.
The report analyzes the global Medical Grade Coatings Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Medical Grade Coatings Industry.
Key market participants often invest between 5 and 7% of their annual revenues in research and development activities. This is done so that they may remain current with developing trends in the industry.
On the basis of region, the “North America” will likely overtake the global market with a growing emphasis on healthcare research.

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Global Medical Grade Coatings Market: Growth Factors

The global medical grade coatings market is growing at a speedy rate. Factors such as the rise in the geriatric population that is prone to chronic diseases, increase in the number of surgical procedures, and growing use of polymer-based medical coatings for medical implants, protective covering, medical equipment, & medical devices are primarily contributing to the growth of the global market. Further, the growing need to enhance versatility, functionality, and ease of use of the medical product has surged the demand for medical grade coatings. In addition to this, the rise in preference for home care facilities, increase in healthcare expenditure, and the current Covid-19 pandemic has led to the increase in demand for medical devices.

The widely used Parylene coatings for medical devices and several components also offer several benefits including resistance to fungal & bacterial proliferation, no curing cycle, FDA-approved, chemically inert, biologically stable, solvent-free, and are non-toxic. Medical grade coatings are also widely used for improving aesthetics for recognition purposes during surgery.

The advanced coating also delivers anti-fouling properties in presence of tissue and blood. All these factors are combinedly spurring the growth of the global medical grade coatings market. Moreover, the rapidly growing medical industry, new product launches, growing demand for coating of medical devices are also fueling the growth of the market.

Medical Grade Coatings Market: Segmentation

The global medical grade coatings market is categorized based on formulation, type, material, application, and region.

Based on the formulation, the global medical grade coatings market is divided into powder coating, water based, and solvent based. Drug eluting, anti-microbial, hydrophobic, hydrophilic, and others are the types of medical grade coatings in the global market. Based on the material, the market is bifurcated into metals, parylene, silicone, PVDF, PTFE, and others. The application segment consists of dentistry, gynecology, neurology, orthopedics, cardiovascular, general surgery, and others.

Browse the full “Medical Grade Coatings Market: By Formulation (Powder Coating, Water Based, And Solvent Based. Drug Eluting, Anti-Microbial, Hydrophobic, Hydrophilic, And Others), By Type (Drug Eluting, Anti-Microbial, Hydrophobic, Hydrophilic, And Others), By Material (Metals, Parylene, Silicone, Pvdf, Ptfe, And Others), By Application (Dentistry, Gynecology, Neurology, Orthopedics, Cardiovascular, General Surgery, And Others.) And By Region: Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2023 – 2030” Report at https://www.zionmarketresearch.com/report/medical-grade-coatings-market

Regional Analysis:

Geographically, North America is estimated to lead the global medical grade coatings market and is expected to retain its dominance during the forecast period. Factors such as advancements in medical device technology, new product launches, and an increase in expenditure on R&D activities for the development of innovative medical devices & equipment are fostering the growth of the market in this region. Asia Pacific is projected to grow at a faster rate due to an increase in healthcare expenditure, the current pandemic situation, and an increase in demand for minimally invasive procedures.

Competitive Players:

The report contains qualitative and quantitative research on the global medical grade coatings market, as well as detailed insights and development strategies employed by the leading competitors.

Some of the main players in the global medical grade coatings market include;

Medtronic PLC
Medicoat Inc.
Hydromer Inc.
Harland Medical Systems Inc.
Covalon Technologies Ltd.
Biocoat Inc.
Precision Coating Co. Inc.
Speciality Coating Systems Inc.
SurModics Inc.
Koninklijke DSM NV

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The global medical grade coatings market is segmented as follows:

By Formulation

Powder Coating
Water Based
Solvent Based
Anti-microbial
Hydrophobic
Hydrophilic
Others

By Type

Drug Eluting
Anti-microbial
Hydrophobic
Hydrophilic
Others

By Material

Metals
Parylene
Silicone
Pvdf
Ptfe
Others

By Application

Dentistry
Gynecology
Neurology
Orthopedics
Cardiovascular
General Surgery
Others

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America

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Key questions answered in this report:

What is the market size and growth rate forecast for Medical Grade Coatings industry?
What are the main driving factors propelling the Medical Grade Coatings Market forward?
What are the leading companies in the Medical Grade Coatings Industry?
What segments does the Medical Grade Coatings Market cover?

How can I receive a free copy of the Medical Grade Coatings Market sample report and company profiles?

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Eye Level holds its 2024 Eye Level Math Olympiad for students to test out their math skills.

Published

2 hours ago

October 18, 2024

CISION (PR Newswire)

eye-level-holds-its-2024-eye-level-math-olympiad-for-students-to-test-out-their-math-skills.

SEOUL, South Korea, Oct. 17, 2024 /PRNewswire/ — Eye Level is hosting the 2024 Math Olympiad (ELMO 2024), inviting students from grades 1 to 8 worldwide to showcase their math skills. The competition will run from November 9 to December 1, following each country’s schedule across 15 countries.object

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About Eye Level
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Photo – https://mma.prnewswire.com/media/2533165/p14_1_ELMO.jpg

View original content:https://www.prnewswire.co.uk/news-releases/eye-level-holds-its-2024-eye-level-math-olympiad-for-students-to-test-out-their-math-skills-302278994.html

Artificial Intelligence

n2 Group Advances HPC/AI Portfolio by Acquiring Managed Services Company X-ISS

Published

10 hours ago

October 17, 2024

CISION (PR Newswire)

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X-ISS is a pioneer in Managed Services specifically designed for HPC/AI. With their in-depth understanding of hardware and software complexities within HPC and AI, they deliver highly impactful end-to-end services to clients through the integration, optimization and management of HPC/AI systems. The integration of X-ISS into n2 Group aligns with the Group vision of improving the accessibility, quality and robustness of computing solutions to enable greater productivity in industry.
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About n2 Group 
At n2 Group we are transforming computing and technology investment with a radical new approach. Our businesses are all established, purpose-driven market-leaders in computing products or services. We stimulate long-term sustainable growth through group-level support in strategy, business development, innovation, and operations. With no shareholders or external financial interests, we reinvest all profits back into the group or to the community, reinforcing our commitment to positive social impact through technological advancements.   
n2 Group companies are at the forefront of computing and IT infrastructure, helping clients in various sectors to be more productive, innovative or reduce risk through advanced software and services. Rapidly expanding in high-performance computing, artificial intelligence, and scientific computing, our businesses maintain their unique brands and identities, but benefit from the expanded network available through the group.  
n2 Group Companies 
• BioTeam: Scientific computing consultancy integrating technologies, data, and cultures to accelerate science.
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• STAC: Independent financial services technology research and community events.
• VSNi: Proven statistical solutions and data expertise driving innovation and success. 
• X-ISS: Industry leading management and analytics solutions for HPC/AI systems.
For more detailed information and the latest updates, visit n2 Group.
Logo – https://mma.prnewswire.com/media/2271328/n2_Group_Logo.jpgLogo – https://mma.prnewswire.com/media/2533549/XISS_Logo.jpg

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Artificial Intelligence

TIE 2024 Unveils a New Era of Innovation

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12 hours ago

October 17, 2024

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View original content:https://www.prnewswire.co.uk/news-releases/tie-2024-unveils-a-new-era-of-innovation-302279310.html