Global Catheter Coatings Market -2024-2031

Global Catheter Coatings Market -2024-2031

Global Catheter Coatings Market reached US$ YY billion in 2022 and is expected to reach US$ YY million by 2031 growing at a CAGR of YY% during the forecast period 2024-2031.

Catheter coatings are specialized materials applied to the surface of catheters to enhance their performance, functionality, and biocompatibility. These coatings serve various purposes and offer several benefits in medical applications, including reducing friction during insertion and removal, preventing infections, improving patient comfort, and facilitating therapeutic interventions.

Catheter coatings are customized based on the specific requirements of the intended medical application, patient population, and healthcare setting. Commonly used catheter coatings include hydrophilic coatings, drug-eluting coatings, and anti-microbial coatings.

Market Dynamics

Increasing cases of urological disorders

The increasing prevalence of urological disorders such as urinary retention, urinary incontinence, and neurogenic bladder dysfunction acts as a significant driver for market growth. Urinary catheters are frequently used in the management of various urological disorders that affect the urinary system. These catheters help drain urine from the bladder when normal urinary function is impaired due to medical conditions or surgical interventions.

For instance, according to the Urology Care Foundation, in the United States, between 25% and 33% of men and women experience urine incontinence. Millions of Americans are affected by this condition. Overactive bladder syndrome (OAB) affects over 33 million people and manifests as urgency, frequency, and urge incontinence.

Additionally, according to the Canadian Continence Foundation, 3.3 million Canadians nearly 10% of the population experience some form of urinary incontinence. Furthermore, significant growth drivers such as the increasing technological advancements, rising geriatric population, and increasing surgical procedures are expected to drive the market in the forecast period.

Stringent regulatory challenges

Regulatory agencies impose stringent requirements for demonstrating the safety, efficacy, and performance of catheter coatings. The regulatory approval pathways for catheter coatings vary depending on factors such as the intended use, risk classification, and technological characteristics of the coating.

For more details on this report – Request for Sample

Segment Analysis

The global catheter coating market is segmented based on type, material, application, and region.

The hydrophilic coatings segment accounted for approximately 45.4% of the market share

The hydrophilic coatings segment is expected to hold the largest market share over the period forecast. Hydrophilic coatings are widely used in catheters to reduce friction during insertion and removal by enhancing patient comfort and minimizing trauma to the surrounding tissues. Hydrophilic coatings have an affinity for water, which allows them to absorb moisture from the surrounding environment or bodily fluids.

For instance, in November 2023, Surmodics, Inc. launched its Preside hydrophilic medical device coating technology. Preside hydrophilic coatings are formulated to balance enhanced lubricity and coating durability for next-generation neurovascular, coronary, and peripheral vascular devices.

Geographical Analysis

North America is expected to hold a significant position in the catheter coatings market share

The global catheter coatings market is segmented into North America, Europe, Asia Pacific, South America, Middle East and Africa.

North America has maintained a significant market proportion due to factors such as the increasing prevalence of cardiovascular diseases, neurological disorders, and increasing healthcare expenditure, this trend is anticipated to continue throughout the forecast period.

Manufacturers in North America invested in research and development to enhance the performance, biocompatibility, and antimicrobial properties of catheter coatings. Advanced coatings such as hydrophilic, antimicrobial, and drug-eluting coatings are among the innovations driving market growth.

For instance, according to the Centers for Disease Control and Prevention, around 695,000 people in the United States died from heart disease in 2021, which is 1 in every 5 deaths. Also, about 1 in 12 Canadian adults aged 20 and over live with diagnosed heart disease. Hence, due to the above factors, it is expected to drive the region’s growth.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a significant impact on the global catheter coatings market. The onset of the pandemic in early 2020 led to widespread lockdowns and restrictions, impacting regular diagnoses, device launches, and consultations worldwide. The pandemic led to disruptions in global supply chains due to lockdowns, travel restrictions, and manufacturing slowdowns. This has affected the availability of raw materials needed for catheter coatings, potentially leading to delays in production and distribution. Therefore, owing to the above factors, the catheter coatings market is expected to be moderately affected over the forecast period.

Market Segmentation

By Type
• Hydrophilic Coatings
• Drug-eluting Coatings
• Anti-microbial Coatings
• Others

By Material
• Metal
• Polymer

By Application
• Medical
• Research
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the market include Covalon Technologies Ltd, Joninn, DSM, LipoCoat BV, Biolin Scientific, Surmodics Inc., Cuumed Catheter Medical Co., jMedtech Coating Technologies Pte Ltd., Freudenberg Medical, Hydromer Inc. among others.

Key Developments
• In July 2023, Biocoat Incorporated, a specialty manufacturer of hydrophilic biomaterial coatings and coating equipment for medical devices acquired Chempilots, a European provider of specialty polymers and production services to the medical device industry.

Why Purchase the Report?
• To visualize the global catheter coatings market segmentation based on type, material, application and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of global catheter coatings market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global catheter coatings market report would provide approximately 61 tables, 58 figures, and 185 Pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies