Orthopedic segment to see fastest growth in global medical device coating market: 3 insights

The global medical device coating market is expected to grow at a 5.16 percent compound annual growth rate, reaching $10.1 million by 2023, and the orthopedic market segment is expected to see the fastest growth, according to a Market Research Future report.

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Here are three things to know.

1. The cost of surgical site infections as well as the hospital readmission program created under the Affordable Care Act are driving market growth. North America accounts for the largest market share, with the U.S. leading the pack.

2. The Asia Pacific market region is expected to grow at the highest CAGR at 6.39 percent during the forecast period .

3. Antimicrobial medical device coating market segment accounted for the largest share in 2016.

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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

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