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The report analyzes and forecasts the medical device coatings market on the global and regional level. We have included a detailed value chain analysis in order to provide a comprehensive view of the medical device coatings market. The study provides a decisive view of the medical device coatings market by segmenting it in terms of product segment and end-users. The report provides detailed competitive outlook that includes profiles of key players operating in the global medical device coatings market.
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Prolonged usage of medical devices has resulted in adverse factors, including wearing out, rise in infections, development of microbes and increase in friction and corrosion.
Based on products, the market for medical device coatings has been classified into anti-microbial coatings, hydrophilic coatings, drug-eluting coatings and anti-thrombogenic coatings, among others. Growth of the medical device industry in China is the key driving factor for the medical device coatings market. Anti-microbial coatings dominated the medical device coatings market, accounting for over 40% of the global demand in 2013.
In terms of demand, general surgical devices followed by cardiovascular devices have been dominating the medical device coatings market in the past few years. In terms of demand, North America held the largest market for medical device coatings with over 45% share in 2013.
Conformal coating is a special type of coating applied to electronic devices in order to protect them from external factors such as heat and rain. Smart coatings refer to films or layers made up of coating materials that have pre-defined characteristics and display certain properties on reacting to external stimuli such as light, pressure, or electric current.
Silica or silicon dioxide is chemically a colorless and crystalline compound and is the most abundant mineral in the earth’s crust. Growing concerns about greenhouse emissions have led to the increasing demand for clean and sustainable power sources.
ProengineerPortal Is an engineering firm dedicated primarily to medical device design, research, manufacturing, marketing, and engineering. Our clients include original equipment manufacturers (OEMa€™s), intellectual property (IP) professionals, inventors, and startup medical device companies. Our goal is to provide outsource engineering services throughout all phases of the product lifecycle so that we can provide a comprehensive consulting service for our clients. ProengineerPortal has experience working along with intellectual property (IP) law firms in developing and designing medical device prototypes for new products in the medical device manufacturing industry. ProengineerPortal is dedicated to providing outsource engineering services to our clients so that they can maintain a competitive marketing edge by developing new product prototypes for verification of concept. As a global leader in the field of surgical systems our client wanted to investigate the potential for a new kind of medical device for imaging.
Giving surgeons the ability to objectively assess tissue viability, this innovative medical device had the potential to significantly improve efficiency and surgical outcomes. CMRa€™s client was given a clear understanding of the potential for the product and how its idea could be progressed.
Taken at face value it was difficult for our client to understand the story behind these medical device sales figures. CMRa€™s analysis enabled the client to set marketing strategy at the start of the year and then review it six months in.
Driven by rising pressure to reduce manufacturing costs and accelerate time-to-market, global market for Medical Device Outsourcing Services is projected to reach US$66 billion by 2020. The study provides historical data of 2013 along with forecast from 2014 to 2020 based on volume (Kilo Tons) and revenue (US$ Mn).
Value chain analysis provides details such as integration in the market, distribution channels, applications and end-users for the market. Product segment and end-users have been analyzed based on present and future trends, and the CAGR for the market has been estimated between 2014 and 2020.
Prices of medical device coatings and product segments vary in each region; hence, a similar volume-to-revenue ratio does not follow for each individual region.

Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. Anti-microbial coatings and drug-eluting coatings have been the majorly consumed medical device coatings over the past few years. Significant foreign investments coupled with lenient governmental regulations are some of the stimulators of demand growth. Medical device coatings are applied on a wide range of medical devices such as catheters, stents, guide wires, syringes, sutures, hypotubes and mandrels.
Demand for medical device coatings in North America is estimated to remain stable by the end of 2020, owing to technological developments in the recent past. Our experience in medical device design and manufacturing encompasses technical, legal, marketing, consulting, and business plan development.
Product development throughout the product life cycle is a critical focus for our firm because of the constantly evolving technological advancements within the medical manufacturing industry.
Other industries we work with include aerospace, automotive, computer software, capital equipment, consumer products, defense, and medical equipment manufacturing. ProengineerPortal is a recognized leader in medical device research and new product development.
We prefer to work closely with our clients no matter how intense the project is so that there is communication along each step of the way in the new product development process.
This experience has turned out to be an asset to our firm, because we are able to provide a comprehensive intellectual property portfolio to the most demanding client.
If your business firm is investigating new product development in the medical device manufacturing industry, or perhaps in another technologically advanced industry, then we are likely on the brink of developing a mutually rewarding business partnership. CMR was commissioned to assess clinical need and likely acceptance amongst the key target audience.
CMR used an in-depth qualitative approach to present the concept to a wide range of US based surgeons.
We worked with our design partner to create a vision of the most appropriate design and outlined critical requirements. While sales exceeded expectations in some markets, slower than anticipated results were seen in others.
CMR was brought in to develop a methodology that would give our client’s marketing team an insight into sales performance both for its own product and those of its closest competitors. Shorter product lifecycles, incrementally higher levels of technology sophistication, and the shrinking window of opportunity, represent key factors encouraging outsourcing of manufacturing activities to third party service providers.
The report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants. It includes drivers and restraints for the medical device coatings market along with their impact on demand during the forecast period. An analysis of Porter’s Five Forces model for the medical device coatings market has also been included to help understand the competitive landscape of the market. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). The same price for each end-user has been taken into account while estimating and forecasting market revenue on the global basis. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. The market for medical device coatings is primarily driven by increasing healthcare awareness in developing countries. Additionally, penetration of new medical device manufacturing firms has resulted in the expansion of China’s medical device industry. Hydrophilic coatings is estimated to be the fastest growing product segments during the forecast period. Cardiovascular devices is likely to be the fastest growing end-user segment for the medical device coatings market in the next few years. Most manufacturers offer anti-microbial, hydrophilic and drug-eluting coatings, among others. We work with our clients adapting to their needs as well as the needs of the industry so that we can develop professional long-term working relationships.

Our clients range from small companies with limited research and development (R&D) expertise to large corporations wishing to extend their capabilities to an even higher level of performance in order to remain as industry leaders maintaining a dominant market share.
Through one-to-one interviews we encouraged blue sky thinking amongst participants, getting them to really visualise what the product could look like and where it might be applied. The client gained insight into the areas of greatest market potential and the must-have attributes required from the product. Growth in the market is also influenced by rising incidence of diseases, specifically cardiac and neurological disorders, and the ensuing higher demand for a wide variety of medical devices such as cardiac monitors, implanted cerebella stimulators, and replacement heart valves, among others. The report also offers an analysis of opportunities available in the medical device coatings market on the global and regional level.
The study encompasses market attractiveness analysis, wherein end-users in the market are benchmarked based on their market size, compounded annual growth rate (CAGR), general attractiveness and company market share. Regional average price has been considered while breaking down the market by product segment and end-user in each region. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. Furthermore, demand for better medical & healthcare facilities is expected to increase in the near future due to rise in disposable income in emerging economies.
However, increasing prices of raw materials coupled with stringent governmental regulations in developed regions is anticipated to hamper market growth in the next few years. Hydrophilic coatings are gaining importance, as they provide sufficient wetting ability to facilitate smooth lubrication. Growth of medical device coatings in the region is expected to decline by 2020, due to stringent governmental regulations imposed by the European Union. As a result, these direct experiences have helped us in all phases of the product life cycle. Using creative projective techniques, specifically asking surgeons to sketch out their thoughts, we were able to build a picture of what worked best in the eyes of the potential target audience.
Using native speakers to conduct interviews in the respondenta€™s language ensured consistency across all markets. Drivers, restraints and opportunities mentioned in the report are justified through quantitative and qualitative data, which has been verified by primary and secondary resources. We have also incorporated company market share analysis to provide detailed analysis of the market. The report also includes demand for individual product segment and end-users across all the regions.
Models and estimates have been used to produce comprehensive data sets when hard data was not available.
Other medical device coatings (such as anti-thrombogenic coatings) are projected to exhibit favorable market growth over the next few years.
Asia Pacific is anticipated to witness fast paced growth in demand for medical device coatings in the near future. CMR produced country specific reports as well as an overall EMEA region report, both of which told the story of the sales figures and gave clear recommendations to our client as to how they could improve sales.
We have used the bottom-up approach by considering individual product and end-user segments and integrating them to arrive at the global market. Demand for coatings by cardiovascular and dentistry end-users is likely to fuel market growth in the region. Product segment and end-users have been further bifurcated using the top-down approach to derive the consumption of products in the regional market.
China, India and Southeast Asia are expected to dominate the demand for medical device coatings in Asia Pacific. Increase in health awareness and aging population in Brazil is projected to boost the demand for medical device coatings in Rest of the World.
Furthermore, cardiovascular and neurology devices are the major end-users that are estimated to provide lucrative opportunities for the medical device coatings market during the forecast period.

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