Medical Device Coating Market Expected To Spur The Growth with CAGR R of 8.3% by 2027
Medical Device Coating Industry Overview The global medical device coating market size was valued at USD 9.99 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2020 to 2027. Rising demand for ventilators, cardiovascular devices, catheters, sutures, guide wires, stents, syringes, mandrels, and other protecting devices used in the medical sectors owing to increasing government expenditures and rising number of COVID-19 cases across the globe will fuel the market growth. Medical device coating is crucial when it comes to protecting various types of devices used in the healthcare sector. These coatings enhance the performance and maneuverability of medical device and protect it from susceptible attacks of various microbial factors and other pathogens. In addition, it offers excellent dielectric properties, thermal stability, and dry-film lubricity, which is likely to create immense market potential over the forecast pe...