Medical Devices & Equipment

The Market

The medical devices and equipment industry consists of roughly 12,000 companies with a combined annual revenue of $78 billion. The lion’s share of the industry - some 40% - is represented by makers of surgical and medical instruments, syringes, catheters, and hypodermic needles. The industry is concentrated to the extent that the 50 largest companies (e.g., Johnson and Johnson, Boston Scientific, Baxter, Medtronic, etc.) hold a 60% market share. Manufacturing activity is concentrated in the Northeast.

Critical Coating Issues

Industrial coatings can only be used on CLASS C medical devices and equipment, which are devices that DO NOT come into contact with bodily fluids or tissues. Getting approval in the medical device and equipment industry is a very long process, and it is important to get the coating specified during the initial stages of development in order to create sustainable business. Products will likely need to be FDA-approved.

Key Benefits of Teflon™ Industrial Coatings

  • Low coefficient of friction
  • Chemical resistance
  • Release
  • Ease of cleaning
  • Regulatory compliance (FDA)

Typical Applications

  • Medical waste trays
  • Surgical handles
  • Forming mandrels
  • Pill molds
  • Gel cap molds
  • Centrifuge baskets
  • Lab equipment
  • Dental molds

Information Resources

FDA Center for Devices and Radiological Health (CDRH)
Medical devices news releases, regulations, MedWatch warnings and recalls.
Independent Medical Devices Association
Online publications, links.
Medical Device Link
Industry news and information. 

Related Market Research Codes

SIC Codes: 3841, 3829, 3842, 3843, 5047

Related NAICS Code: 339112, 339113, 339114