Medical Device Coating Market Continues To Expand As Sono-Tek Corp Introduces A New Ultrasonic Coating System ‘Flexicoat EMI’ To Shield Semiconductor Packages

 

Medical Device Coating Market

Medical Device Coating, otherwise known as paint coating, is a manufacturing process used for the purpose of protecting medical equipment. Medical Device Coating involves spraying a certain surface with an aqueous or non-aqueous (nondestructive) coating that serves as a protection against abrasion and corrosion. It also adds to the longevity and durability of the item. The coating can either be organic or inorganic, depending on the kind of coating you want to apply to your medical equipment.

Increasing geriatric population is expected to drive growth of the global medical device coating market. According to the World Health Organization (WHO), the global geriatric population is expected to account for around 22% of the global population by 2050. According to the same source, in Europe, the number of people aged 85 years and above is expected to increase from 14 million to 19 million by 2020, and increase to 40 million by 2050. As a result of this, cases of hospitalization have increased significantly. Medical coatings are used as a protective coating for prosthetic devices. Thus, these factors are expected to drive growth of the global medical device coating market. Furthermore, rising use of minimally invasive surgical procedures is expected to propel the global medical device coating market growth in the near future. According to the American Society of Plastic Surgeons (ASPS), in 2018, around 17.7 million surgical and minimally invasive cosmetic procedures were performed in the U.S.

High upfront costs and increasing raw material prices combined with stringent regulatory approvals are expected to hamper the global medical device coating market growth in the near future. However, the emergence of nanotechnology can present lucrative growth opportunities in the global medical device coating market in the near future. Among regions, North America is expected to witness significant growth in the global medical device coating market. This is owing to rising frequency of cardiometabolic disorders such as Deep Vein Thrombosis (DVT). Furthermore, Asia Pacific is expected to register a robust growth rate, owing to rising obesity rates and growing geriatric population in the region.

Competitive Section

Major companies involved in the global medical device coating market are SurModics Inc., Covalon Technologies Ltd., Sono-Tek Corp, Specialty Coating Systems, Inc., DSM, Specialty Coating Systems, Inc., Hydromer, Inc., and Biocoat, Inc.

For instance, in January 2020, Sono-Tek Corp launched a new ultrasonic coating system ‘FlexiCoat EMI’, typically designed for conformal spraying of EMI (Electromagnetic Interference) shielding material onto semiconductor packages.

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