China is the most populated country on Earth.
With an estimated population of a staggering 1.4 billion in 2019, the economy is booming and with it, the rising demand for hydrophilic coatings in medical devices.
First of all, what are these ‘devices’?
When we talk about Hydrophilic coatings in the medical field, we are referring to low friction and wettable layers applied to an array of medical devices. These lubricious surfaces dramatically reduce irritation and trauma when inserted in the body either during surgery or other common invasive procedures such as administering catheters to patients.
And that’s not all. These state of the art coatings also have another important benefit.
They also aid in the prevention of bacterial colonisation and lower the risk of infections when receiving medical care, thus are contributing to the rise of safety standards in hospitals and clinics worldwide.
The Chinese Healthcare Boom
Now, according to the United Nations Population Fund (UNFPA), the Asia Pacific Region is ageing at an unprecedented rate with 1 in 4 people being expected to be over 60 by the year 2050.
Also in their findings, they have also predicted the tripling of this population from 2010 to 2050 to a whopping 1.3 billion.
At first glance these figures seem extraordinary, but, when you look at the last decade’s figures these predictions don’t seem as far fetched.
For instance, the overall expenditure of this region is already hitting unprecedented highs according to the Coherent Market Insights who have stated health care expenditure in China is expected to grow from US$ 355 billion in 2011 to approximately US$ 1 trillion by next year.
As you can see, the growing Chinese economy and increasing geriatric population are just one of the driving forces behind the explosion in the Hydrophilic Medical Market over the next few decades and at Product Release, it’s one of the sectors we are proudest to be involved with.
Our dedicated team are continually working towards industry breakthroughs in this field and their hard work can be directly linked with less traumatic, less invasive and most importantly, safer medical procedures around the world each year.
And frankly, that makes us feel good.
If you would like any more information on the non-stick coating services that Product Release can provide for your business, then get in touch with a member of our technical team, who can discuss your requirements.