Medical Grade Coatings Market: By Material (Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), Silicone, Parylene, Metals and Others), By Formulation (Solvent-Based and Water-Based), By Application (Cardiovascular, Dentistry, Gynaecology, Neurology, Orthopaedics and Others) and Geography  

Medical Grade Coatings Market Dynamics

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.