Medical coatings are specialized materials that are applied to medical devices and instruments to enhance their performance and safety. Medical coatings provide several benefits such as lubrication, biocompatibility, anti-fouling, drug delivery, and antimicrobial properties. The global medical coatings market is expected to grow significantly in the coming years, driven by factors such as increasing demand for minimally invasive surgical procedures, rising prevalence of chronic diseases, and growing geriatric population.

Implementing a medical coating improves the accessibility and performance of medical devices and implants. Medical coatings are used to prevent bacteria and microbes from spreading or contaminating medical devices such as those in dentistry, neurology, and others, as well as medical implants such as artificial joints, cardiac pacemakers, dental implants, ventricular shunts, and others. With excellent hygiene, oxidation resistance, and biocompatibility, the medical coating reduces blood vessel laceration, hypersensitivity, and thrombogenicity. Furthermore, medical coatings have a variety of qualities, such as being hydrophobic or hydrophilic in nature. These coatings are also employed in a variety of medical devices, including general surgery devices, cardiology devices, orthopaedic devices, dental implants, neurology devices, gynaecology devices, and others.

Medical Coating Market REPORT SCOPE & SEGMENTATION

Market Trends

The antimicrobial coatings market is growing and is now estimated to be worth $1 billion. This industry is being developed to stop the spread of germs and bacteria on various surfaces. The usage of harsh cleaning agents and huge amounts of sanitizers and disinfectants is no longer necessary thanks to antimicrobial coatings. Moreover, a chemical solution known as an antimicrobial coating can prevent or inhibit the growth of bacteria that cause sickness and allergies. It is applied to a surface. In addition to improving the surface's durability, attractiveness, corrosion resistance, and cleanability, these coatings and surfaces may protect against dangerous, disease-causing microorganisms. As a result, the healthcare sector makes substantial use of these coatings. Catheters, medical instruments, surgical equipment, and other equipment used in healthcare facilities are coated with antimicrobial substances to prevent the transmission of infections.

Market Segmentation

The medical coating market is divided into categories based on type, including hydrophilic coatings, antimicrobial coatings, anti-thrombogenic coatings, hydrophobic coatings, and others. Of them, the antimicrobial coatings category is expected to rise at a significant CAGR. The antimicrobial coating is applied to a range of medical supplies, devices, and surfaces to halt the growth of bacteria and germs and the transmission of infection. The EPA has also given the go-ahead for the antimicrobial coating to be used in HVAC systems as a secure and reliable way to lessen the number of bacteria that cause odours in hospitals, on medical devices, and in water filters. Consequently, the demand for antimicrobial coatings to maintain a sterile, sanitary, and secure hospital environment develops along with the healthcare sector.

On the basis of material, Metals, ceramics, polymers, fluoropolymer, silicone, parylene, and others are the different market segments for medical coatings. Of them, the fluoropolymer sector is expected to dominate the market. Polyvinylidene difluoride (PVDF), polytetrafluoroethylene (PTFE), and other fluoropolymers are further categorized. Due to the dryness and inertness of fluoropolymers, it is challenging for almost any chemical to attach to and interact with a coated surface. Fluoropolymers are suited for a wide range of applications, including the distribution of anesthetic, agitation shafts, sterilization equipment, centrifuge components, saline packages, implants, tubes, surgical tools, and others due to their quasi-stable, smooth surface.

Based on the application, The Global Medical Coating Market is segmented into medical devices, medical implants, medical equipment & tools, protective clothing, and others. The medical devices sector leads the market with a 58% market share throughout the projection period, owing to an increase in the number of general operations, including the usage of such equipment. Modern developments and ongoing research have led to a vast variety of applications for numerous medical devices. The increased prevalence of ageing populations around the world is one of the primary factors driving the need for medical equipment, which is projected to drive market growth.

Regional Segment Analysis of the Medical Coating Market

With a 34% share of the industry, North America is the market leader. Due to the growing healthcare, building, and construction industries, among other things, North America is likely to become the industry's leading region throughout the duration of the projection period. This is brought on by both an enhanced healthcare system and a rise in the incidence of diseases related to the heart and blood vessels, such as deep vein thrombosis and pulmonary embolism. Also, the United States is a major market for medical devices and a centre for medical research and development, all of which are contributing to the growth of the regional market.

Given rising rates of obesity, increased heart disorders, and an ageing population, Europe is predicted to have a large medical coatings market throughout the forecast period. Germany has the largest medical device segment in Europe and the third-largest globally. The Asia-Pacific medical coatings market is expected to develop the fastest. The largest medical device producers in Asia Pacific are China and India.

Competitive Analysis:

The report offers an appropriate analysis of the key organizations and companies involved in the Global Medical Coating Market along with a comparative evaluation primarily based on their product offerings, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analyses. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players

• Endura Coating Systems
• AST Products, Inc.
• Biocoat Incorporated
• Royal DSM
• Tex-Tech
• Merit Medical Systems, Inc.
• SurModics Inc.
• Precision Coating Company, Inc
• Bayer Ag
• Covalon Technologies Ltd.
• HydromerInc,
• Kisco Ltd.
• Biocoat Incorporated
• Sono-Tek Corp
• Harland Medical Services
• Medicoat AG

Recent Developments

• In March 2021, DSM Biomedical announced the launch of a new medical coating, ComfortCoat, which is designed to improve the lubricity and biocompatibility of medical devices such as catheters and guidewires.
• In December 2020, Surmodics Inc. announced the commercial launch of a new hydrophilic coating, Serene Hydrophilic Coating, which is designed to improve the lubricity and ease of use of medical devices such as catheters and guidewires.
• In October 2020, Biocoat Inc. announced a partnership with Freudenberg Medical to develop and market lubricious coating solutions for medical devices.

Key Benefits of the Report

• This study presents an analytical depiction of the Medical Coating industry along with current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to market key drivers, restraints, and opportunities, along with detailed analysis of the Medical Coating Market share.
• The current market is quantitatively analyzed to highlight the Medical Coating Market's growth scenario.
• Porter's five forces research demonstrates the market power of suppliers and buyers.
• The report provides a detailed Medical Coating market analysis based on competitive intensity and how the competition will take shape in the coming years.

Medical Coating Market Report Segmentation