MARKET OVERVIEW
The precision medical coating has wide application in the pharmaceutical industry involving taste masking and drug release control. This is due to the pharmaceutical sector possessing technology that can coat particles for improving appearance, mask unpleasant taste, or provide sustained release drugs for years. Traditionally, precision medical coating suffers from many problems such as agglomeration, attrition, uneven product quality, and long processing times. But with the influx of advanced precision medical coating instruments, this can be avoided. For example, the utility of precision medical coater offers higher yields through reduced agglomeration and attrition, improves productivity by coating and drying products faster, significantly improves product quality, ensuring a coating of uniform thickness for optimum clinical efficacy.
MARKET SCOPE
The "Global Precision Medical Coating Market Analysis to 2028" is a specialized and in-depth examination of the healthcare industry, with a particular emphasis on global market trend analysis. The purpose of this report is to provide an overview of the precision medical coating market, as well as detailed market segmentation based on product type, target area, and end-user. Additionally, the report offers key statistics on the market status of the leading precision medical coating market players, as well as key market trends and opportunities.
MARKET SEGMENTATION
Based on product type, the market is segmented as hydrophilic coatings, antimicrobial coatings, antithrombotic coatings, drug delivery coatings, and others.
By application, the market is segmented as cardiovascular, orthopedic implants, surgical instruments, urology and gastroenterology, and others.
MARKET DYNAMICS
Drivers-
Technological advancements such as the utility of precision coater are the most impactful factor responsible for the growth of the overall market.
The precision medical coating has wide application in the pharmaceutical industry, making it one of the most lucrative businesses.
Restraints-
High upfront costs and rising cases of raw material prices are the most impacting factors for the sluggish growth of the overall market.
Stringent and time-consuming regulatory approvals adversely impact the growth of the overall market.
REGIONAL FRAMEWORK
The report offers a comprehensive overview of the industry, including both qualitative and quantitative data. It provides a global market overview and forecast based on various segments. It also provides market size and forecast estimates for five major regions, namely North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SACA), from 2019 to 2028. Each region's Precision Medical Coating market is further subdivided by respective countries and segments. The report analyses and forecasts 18 countries globally, as well as the current trend and opportunities in the region.
The report analyses market factors affecting both the demand and supply sides, as well as market dynamics affecting the market during the forecast period, such as drivers, restraints, opportunities, and future trends. The report also includes a comprehensive PEST analysis for each of the five regions, namely North America, Europe, APAC, MEA, and South and Central America after assessing the political, economic, social, and technological factors influencing the Precision Medical Coating market in these regions.
Impact of COVID-19 on Precision Medical Coating Market
The onset of COVID-19 in 2019 has spread worldwide coupled with rising cases exponentially. According to the Public Library of Science (PLOS) report, the overall SARS-CoV-2 positivity rate was 16.8%, and this had a significantly higher positivity rate, accounting for 21.6% when compared with the asymptomatic rate of almost 17.0% COVID-19 had a negative influence on the precision medical coatings to grow. This is due to COVID-19 involving fever-associated problems as the main symptom. This has ultimately resulted in sluggish demand for a precision medical coating in the overall market growth and the rising raw materials prices.
KEY MARKET PLAYERS
The report covers key developments in the precision medical coating market with focus on two main strategies such as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies that includes new product launches, product approvals by the authorized bodies, and others such as patents and events. Inorganic growth strategies activities normally includes strategic acquisitions, and partnership & collaborations between the companies. These activities have paved way for the expansion of business and customer base of market players. The market payers from precision medical coating market are anticipated to lucrative growth opportunities in the future with the rising demand for precision medical coating in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the precision medical coating market. Also, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, and the key development in the past five years.
- DSM
- Surmodics, Inc.
- Specialty Coating Systems Inc.
- Biocoat Incorporated
- Precision Coating Company, Inc
- Hydromer
- Harland Medical Systems, Inc.
- AST Products
- Messe D?sseldorf GmbH
- SurTec
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.