The global medical device coatings market size is expected to reach USD 15.99 billion in 2032 and register a revenue CAGR of 8% over the forecast period, according to a latest report by Reports and Data. Increasing prevalence of acute lower respiratory infections, cardiovascular diseases, and obstructive pulmonary disease is driving the demand for medical equipment and this is expected to contribute significantly to market revenue growth. Also, changing dietary patterns and sedentary lifestyle are factors resulting in rising prevalence of chronic diseases and boosting demand for devices such as syringes, catheters, ventilators, and other medical devices. Increasing demand for minimally invasive surgical procedures and expansion of the surgical device market are expected to drive market revenue growth during the forecast period.

There is an increasing popularity of minimally invasive surgical procedures as these are more cost-effective and patient friendly. Rising need to reduce healthcare costs and improve outcomes is driving demand for minimally invasive medical devices. Hydrophilic and antimicrobial coatings are applied to these devices in order to ensure added safety than just traditional sterilization cleaning procedures.

Producers of modern medical devices are shifting towards plasma-enhanced organic coatings to protect electronic devices and tools against fluids, corrosion, and debris. These silica coatings act as an antimicrobial barrier, as well as a primer to fight corrosion and promote adhesion to create hydrophilic or hydrophobic surfaces. Plasma enhanced organic coatings help in new product developments. This also aids in upgrading medical devices under the new guidelines of FDA. Medical device manufacturers are therefore investing in the application of plasma applied organic coatings on products such as catheters, vascular surgical tools, SS guide wires, and stents.

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Some Key Highlights From the Report

  • In February 2020, Biocoat Incorporated, which is a specialty manufacturer of hydrophilic biomaterial coatings for medical devices, introduced an innovative UV-curable Hydrophilic coating for medical devices, named HYDAK UV. The new version of its original HYDAK coating is designed to cure diseases by utilizing ultraviolet light, thereby allowing for flexible integration with industry standard UV coating system. The innovative coating is built in the proven bi-laminar platform that is used in the company’s existing thermal heat cure coating technology.
  • The antimicrobial coatings segment is expected to account for largest revenue share in the global medical device coatings market over the forecast period owing to increasing need to improve patient health while minimizing the risk of hospital acquired infections. Addition of antimicrobial additives into medical equipment and healthcare furnishing is helping in the prevention and control of infection in the healthcare facilities.
  • The polymer segment is expected to register steady revenue growth over the forecast period. Inexpensiveness of polymers in comparison to materials made up of metal is expected to boost the revenue growth of the segment. Also, their rising usage in pacemakers, stents, defibrillators and many other devices would aid growth. Additionally, their biocompatibility and easy fabrication are likely to bolster growth.
  • The cardiovascular segment is expected to account for a considerably large revenue share in the global medical device coatings market. Rising prevalence of cardiovascular diseases due to changing dietary patterns, sedentary lifestyle, and increasing aging population is boosting demand for cardiovascular devices such as implants and cardiac pacemakers, thereby driving usage of medical device coatings.
  • The medical device coatings market in North America is expected to account for largest revenue share over the forecast period. Growing concerns over hospital-acquired infections and increasing expenditure of the government on the prevention of infections and improvement of patient health are expected to drive market growth in the region.    
  • Major players in the market include Materion Corp., PPG Industries, Inc., Covalon Technologies Ltd., Specialty Coating Systems, Inc., Biocoat, Incorporated, Hydromer, Inc., Royal DSM, Sono-Tek Corporation, SurModics, Inc., and Precision Coating Company, Inc.

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For the purpose of this report, Reports and Data has segmented the global medical device coatings market based on product, material, application, and region:

Product Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2032)

  • Hydrophilic Coatings
  • Antimicrobial Coatings
  • Drug-eluting Coatings
  • Anti - thrombogenic Coatings
  • Others

Material Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2032)

  • Metal
  • Ceramic
  • Polymer

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2032)

  • Neurology
  • Orthopedics
  • General Surgery
  • Cardiovascular
  • Dentistry
  • Gynecology
  • Others

Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2032)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K
    • France
    • Italy
    • Spain
    • Sweden
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Israel
    • Rest of MEA

 

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