Medical Device Coating Market

Medical Device Coating Market, By Coating Type (Hydrophilic Coating, Antimicrobial Coatings, Drug-eluting Coatings, Anti-thrombogenic Coatings, Others (Hydrophobic Coating, etc.)), By Application (Neurology, Orthopedics, General Surgery, Cardiovascular, Dentistry, Gynecology, Others (Respiratory, etc.)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Medical device coatings are specialized coatings used in the medical industry to enhance the performance, durability, and safety of various medical devices and equipment. These coatings are designed to protect medical devices, such as surgical instruments, implants, catheters, and stents, from damage and wear and tear caused by harsh medical environments and the patient’s body’s natural processes.

Implantable medical devices are used in a variety of applications, including bone substitutes and materials, vascular grafts, stents for peripheral and neurovascular use, and implants designed solely for long-term drug release. The device can be made of metal, metal alloys, polymers, ceramics, and other biocompatible materials. The cells offer biocompatibility and non-toxicity. The device is intended for contact with blood and does not contain thrombosis. Coating the device with a larger portion of the coating solution, which can result in better vascular coagulation to reciprocate the outer diameter.

Medical devices should be able to measure excellent delivery free of charge to develop a coating solution process. Medical devices are widely used in modern healthcare. It is designed to be implanted or inserted into the human body and must be biocompatible. Some devices are often partially composed of metal alloys but must be coated with a biocompatible or hemicompatible coating of a polymer-based material that prevents thrombus formation, improves wettability, and promotes endothelialization.

Market Dynamics

The key market players in the medical device coating are focused on investment strategies, which in turn is expected to propel market growth over the forecast period. For instance, in November 2023, GTCR, a leading private equity firm, announced that it had made a strategic, majority investment in hydrophilic biomaterial coatings for medical devices in Biocoat Holdings, LLC, a provider of medical device coatings, to support the growth and expansion of a biocompatible medical device coatings provider.

Furthermore, market players are focused on launching new products in the market, which in turn is expected to boost market growth over the forecast period. For instance, in April 2022, BioInteractions, a UK biomaterial technology company, announced the launch of TridAnt, a new coating technology for medical devices that represents a paradigm shift in infection prevention and protection against a broad range of pathogens.

Key features of the study:

• This report provides an in-depth analysis of the global medical device coating market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023–2030), considering 2022 as the base year It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global medical device coating market based on the following parameters– company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include AdvanSource Biomaterials Corporation (Mitsubishi Chemical America, Inc.), Specialty Coating Systems Inc., AdvanSource Biomaterials, AST Products, Inc., Biocoat Incorporated., Coatings2Go, Covalon Technologies Ltd., Harland Medical Systems, Inc., Hemoteq AG (Freudenberg Medical), Hydromer, Merit Medical Systems, PPG Industries, Inc. and Precision Coating Company, Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global medical device coating market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical device coating market.

Detailed Segmentation:

• Global Medical Device Coating Market, By Coating Type:
• Hydrophilic Coating
• Antimicrobial Coatings
• Drug-eluting Coatings
• Anti-thrombogenic Coatings
• Others (Hydrophobic Coating, etc.)
• Global Medical Device Coating Market, By Application:
• Neurology
• Orthopedics
• General Surgery
• Cardiovascular
• Dentistry
• Gynecology
• Others (Respiratory, etc.)
• Global Medical Device Coating Market, By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• Company Profiles
• AdvanSource Biomaterials Corporation (Mitsubishi Chemical America, Inc.)
• Specialty Coating Systems Inc.
• AdvanSource Biomaterials
• AST Products, Inc.
• Biocoat Incorporated.
• Coatings2Go
• Covalon Technologies Ltd.
• Harland Medical Systems, Inc.
• Hemoteq AG (Freudenberg Medical)
• Hydromer
• Merit Medical Systems
• PPG Industries, Inc.
• Precision Coating Company, Inc.