Increasing Developments by Key Players Are Augmenting the Growth of the Global Medical Coating Market

Medical Coating Market

Medical Coating Market, by Coating Types (Hydrophobic Surface Coating and Hydrophilic Surface Coating), by Chemical (Silicone, Fluoropolymers, and Parylene) by Application (Medical Device, Medical Implants, Medical equipment and Tools, and Other), and by End User (Hospitals, Clinics, Diagnostic Laboratories, Ambulatory Surgical Centers, and Other) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2022-2028.

Market Overview:

Medical coating refers to the application of specialized coatings on medical devices, implants, and equipment used in the healthcare industry. Medical Coating Market is designed to enhance the performance, functionality, and biocompatibility of medical devices, ensuring safe and effective use in various medical procedures. Medical coatings can be applied to a wide range of medical products, including catheters, stents, orthopedic implants, surgical instruments, and diagnostic equipment.

 

Competitive Landscape:

Major players operating in the global Medical Coating Market include Specialty Coating Systems Inc., Merit Medical Systems, Inc., Medicoat AG, Precision Coating Company, Inc., Biocoat Incorporated, AST Products, Inc., DSM, SURMODICS, Harland Medical Systems, Inc., and Hydromer.

 

Key Market Drivers:

The rising prevalence of chronic diseases, an aging population, and technological advancements have led to an increased demand for medical devices and implants. Medical coatings play a crucial role in improving the performance and biocompatibility of these devices. This is expected to augment the growth of the global Medical Coating Market. Infection control is a critical concern in healthcare settings. Medical coatings with antimicrobial properties help prevent the growth of bacteria and other pathogens on medical devices, reducing the risk of healthcare-associated infections. The growing emphasis on infection control measures is driving the demand for such coatings.

Continuous advancements in coating technologies have led to the development of innovative coatings with enhanced properties, such as improved durability, lubricity, and biocompatibility. These advancements have widened the scope of medical coatings and are estimated to enhance the growth of the global Medical Coating Market. For instance, in April 2022, Biocoat Inc. announced it will be expanding to hydrophilic dip coatings. The shift towards minimally invasive procedures has driven the demand for medical devices with specialized coatings. These coatings provide low friction, improved lubricity, and biocompatibility, enabling smooth insertion and retrieval of devices during minimally invasive surgeries.

 

Covid-19 Impact Analysis:

The COVID-19 pandemic has heightened the need for infection control measures in healthcare settings. The demand for medical coatings with antimicrobial properties has surged as healthcare facilities prioritize surfaces and devices with enhanced disinfection capabilities. This boosted the growth of the global Medical Coating Market. For instance, in June 2020, Surmodics received CE approval for its Abbott-backed paclitaxel-coated balloon, which will be used in treating peripheral artery diseases.

Key Takeaways:

·  North America is expected to dominate the growth of the global Medical Coating Market, owing to well-established healthcare infrastructure, technological advancements, and high demand for medical devices. The presence of major market players and ongoing research activities contribute to the region's dominance. For instance, in March 2022, Svelte Medical Systems and DSM Biomedical partnered in order to develop DISCREET Bioresorbable Coating Technology, which will be used with SLENDER IDS and DIRECT RX Bioresorbable Coated Drug-Eluting Stent (DES) Systems.

·  The Asia Pacific is estimated to witness high growth in the global Medical Coating Market, owing to the growing healthcare sector, increasing disposable incomes, and rising awareness of advanced medical technologies. Countries like China, India, and Japan are major contributors to the market expansion in the region. For instance, according to Hospital Management, there are over 69,000 private and public hospitals in India.