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Medical Coatings Market to Rise Significantly Due to Preference of Minimally Invasive Surgeries

September 12, 2022 | Chemicals & Materials

The global medical coatings market size is anticipated to show strong progress by reaching USD 8.20 billion by 2029. Fortune Business Insights™ in its report titled “Medical Coatings Market Size, Share & COVID-19 Impact Analysis, By Type (Hydrophilic Coatings, Antimicrobial Coatings, Antithrombogenic Coatings, and Others), By Material Type (Fluoropolymer, Silicone, Parylene, Metals, and Others), By Application (Medical Device, Medical Implants, Medical Equipment & Tools, and Others), and Regional Forecast, 2022-2029” observes that the market size in 2021 stood at USD 3.95 billion and is expected to reach 4.27 billion in 2022. The market is expected to witness a strong CAGR of 9.8% during 2022-2029. The rising need for antimicrobial coatings is projected to drive market growth. Increasing preference of minimally invasive surgical procedures to increase market expansion.


Partnership Between Hydromer and N8 Medical for Market Progress


In April 2020, Hydromer and N8 Medical entered into a partnership agreement for ET coated tubes for COVID-19 patients. Hydromer will be exclusively supply the coatings and manufacturing partner of N8 Medical’s CeraShield Endotracheal tube. This new partnership between Hydromer and N8 Medical is expected to drive the medical coatings market growth. It is anticipated to offer their products to an expanded customer base.    


High Demand from the Medical Industry to Fuel Market Expansion


Increasing demand from the medical industry for medical devices is expected to aid market growth. High demand for medical devices, such as cameras, diagnostics tests, ventilators, surgical equipment, implants, and other medical equipment, is projected to surge the demand for fertilizer spreader. Medical coatings are used to coat such devices that help in reducing infection rates, which is anticipated to propel market growth. They offer safe environment for staff and patients in the healthcare industry.    


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/medical-coatings-market-104536


Advanced Coating Technologies to Inflate Market Trajectory


According to the World Health Organization (WHO), healthcare infections caused by antimicrobial-resistant pathogens can cause problems. Therefore, there is development of new anti-microbial and medical coatings using various materials, components, and production techniques. Prevalence and increasing rate of infectious and contagious diseases are expected to give rise to R&D activities.


Market Players Adopted New Product Developments to Strengthen their Product Portfolio


Key players of the market have opted for new product development and new product launch strategies. For example, in March 2022, DSM Biomedical and Svelte Medical Systems collaborated for developing DISCREET Bioresorbable Coating Technology used with SLENDER IDS and DIRECT RX Bioresorbable Coated Drug-Eluting Stent (DES) Systems. Furthermore, companies have taken up strategies of enhancing their existing manufacturing process to surge the product demand efficiently to strengthen market growth.


Notable Industry Development



  • February 2020: Biocoat Inc., an American manufacturer of biomaterial coatings, launched its new UV curable hydrophilic coating for medical devices. The new launch is an enhanced version of its coating HYDAK.    


List of Key Companies Profiled in the Report:



  • Hydromer (U.S.)

  • Harland Medical Systems, Inc. (U.S.)

  • SURMODICS (U.S.)

  • DSM (Netherlands)

  • AST Products, Inc. (U.S.)

  • Biocoat Incorporated (U.S.)

  • Precision Coating Company, Inc. (U.S.)

  • Medicoat AG (Switzerland)

  • Merit Medical Systems, Inc. (U.S.)

  • Specialty Coating Systems Inc. (U.S.)


Further Report Findings



  • The market in North America stood at USD 2.13 billion in 2021 due to significant penetration of advanced healthcare infrastructure and advanced surgical treatments, which are expected to increase the global medical coatings market share during the forecast period.

  • The fastest growth is witnessed in the U.S. due to rising medical research activities, which is estimated to increase the market share across the region.

  • In Europe, the market is expected to witness considerable growth due to rising cases of obesity, surging cardiac ailments, and other health problems.


Table of Segmentation






















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD Billion), Volume (Tons)



Segmentation



By Type, Material Type, Application, and Region



By Type




  • Hydrophilic Coating

  • Anti-microbial Coating

  • Anti-thrombogenic Coating

  • Others



By Material Type




  • Fluoropolymer

  • Silicone

  • Parylene

  • Metals

  • Others



By Application




  • Medical Device

  • Medical Implants

  • Medical Equipment & Tools

  • Others



By Region




  • North America (By Type, Material Type, Application, and Country)

    • U.S. (By Application)

    • Canada (By Application)



  • Europe (By Type, Material Type, Application, and Country)

    • Germany (By Application)

    • U.K. (By Application)

    • France (By Application)

    • Italy (By Application)

    • Spain (By Application)

    • Russia & CIS (By Application)

    • Rest of Europe (By Application)



  • Asia Pacific (By Type, Material Type, Application, and Country)

    • China (By Application)

    • Japan (By Application)

    • India (By Application)

    • South Korea (By Application)

    • ASEAN (By Application)

    • Rest of Asia Pacific (By Application)



  • Latin America (By Type, Material Type, Application, and Country)

    • Brazil (By Application)

    • Mexico (By Application)

    • Rest of Latin America (By Application)



  • Middle East & Africa (By Type, Material Type, Application, and Country)

    • GCC (By Application)

    • South Africa (By Application)

    • Rest of Middle East & Africa (By Application)




Global Medical Coatings Market
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  • 2021
  • 2018-2020
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