Specialty Medical Coatings Evolving to Meet Medical Device Challenges
New Analysis by Applied Data Research Examines Technology, Demand, and Strategic Factors
[USPRwire, Tue Oct 27 2009] Advances in medical devices have greatly improved diagnostic and therapeutic practices in medical care. But numerous undesirable complications such as bacterial infections, thrombosis, host rejection and insertion effects result in patient and tissue trauma and ultimately result in longer recovery times and higher medical costs.
Coating materials and application methods are evolving to meet these challenges. The availability of these specialty medical coatings is improving device profiles in important areas such as biocompatibility and biostability, and lowering the incidence of thrombosis and infection, creating new opportunities for device developers and for materials and manufacturing service suppliers.
“While we see demand increasing in several segments, coatings for implantable and insertable devices will experience strong growth over the next decade,” explains George Perros, Applied Data Research Managing Director. “Longer life expectancy and growth in the population reaching post-middle age will combine to drive higher demand for these devices and the materials and processes that create them.”
Commercial success for this new generation of devices will be highly dependent on higher levels of cooperation among designers, manufacturers, and developers. First-line development concepts such as concurrent engineering and design for manufacturing are becoming the rule rather than the exception.
Growth in implantable devices will track shifting patient demographics, as the effects of aging fuel the need for interventional medicine and diagnostic procedures. .For OEM coatings companies, the ability to create strategic alliances with device designers and manufacturers will be essential to fully participating in the growth of this segment. Because of their ability to safely and reliably satisfy treatment protocols and compliance goals, new generation coated devices are on course to have a significant impact on the future of patient care.
A new report from Applied Data Research examines these developments and analyzes their impact on key medical device market segments. More information is available at www.applieddata.org .
About Applied Data
Applied Data Research is a management consulting firm focused on market strategies, product commercialization, venture development, and market research. We assist market participants in achieving their business objectives through the creation of detailed business development strategies, product commercialization programs, and comprehensive market and technology research and analysis.
Contact:
Greg Stone
Communications Director
603-595-6225
www.applieddata.org
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