North America has the largest market share for medical device coating technology, followed by Europe and Asia Pacific. The U.S. alone holds the largest market and is expected to maintain its dominance in the global medical device coating market. However, Asia Pacific is expected to witness highest growth in forecasted period. Developing market of China and India are expected to boost the Asian medical device market.
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Increasing awareness about minimally invasive surgeries among the patients is driving the global medical device coating market. Additionally, growth prospect in medical industries paired with emerging economies is expected to drive the global market to some extent. Increasing people concern towards health and wellbeing coupled with increasing disposable income is further expected to increase the demand for better medical facilities in coming future. However, changing government regulation for medical devices across different countries may hamper the growth of medical device coating market to some extent.
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Better growth prospect in the medical care industry have influence many multination companies to invest more in the emerging market of Asia Pacific. Some of the major companies operating in the global medical device coating market are Hydromer Inc., Materion Corp., Surmodics Inc., Sono-Tek Corp, Abbott Laboratories, Royal DSM N.V., Specialty Coating Systems Inc., Parlex Corp., Kane Biotech Inc., Precision Coating Company Inc., N8 Medical Inc, Biocoat, Inc., AST Products, Inc. and TheraSyn Pharmaceuticals Inc.
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