Global Medical Device Coatings Market - 2024-2031

Global Medical Device Coatings Market - 2024-2031


The global medical device coatings market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.

The global medical device coatings market is a complex process that requires an adequate working environment (to prevent uneven coatings and chances of flaking), stringent coating protocols (to comply with the established regulatory standards), a trained workforce (to handle the coating equipment satisfactorily), and expensive infrastructure.

Driven by the growing demand for medical devices and unique coating requirements for each type of medical device, an increasing number of medical device companies are leveraging the superior technical expertise and experience of medical coating companies.

MDCs prevent surfaces of several medical devices, such as dentistry, neurology, and others. Their use results in proper sanitation, corrosion resistance, and biocompatibility. Their use reduces thrombogenicity, allergic reactions, and trauma to blood vessels.

Medical device coating adds a hard surface that protects the devices from abrasion, chipping, or scratching. For decoration and marking, medical coating manufacturers use their techniques to add markers on their devices to ensure that defective devices can be isolated and traced back to the source.

They help maintain sharp edges on cutting instruments while improving wear resistance, reducing galling between sliding components, and increasing lubricity. They also assist in avoiding allergenic substances while resisting bacteria on medical devices, which can be used on several patients without risking new infections.

Market Dynamics: Drivers

Technological Advancements in Coating Technologies

The demand for the medical device coatings market is driven by multiple factors. Advanced coating techniques like magnetron sputtering and plasma-enhanced chemical vapor deposition (PECVD) offer significant advantages for medical devices by improving corrosion resistance, durability, and biocompatibility. These coatings enhance device performance and patient safety, with applications in implants, wearables, and diagnostic tools.

Advancements in technology have led to the development of new medical devices that require coatings. Key player strategies such as agreements help to drive the market. For instance, in August 2023, Asep Medical Holdings Inc. announced that it finished the final milestone in its acquisition of SafeCoat Medical Inc. and entered into an exclusive worldwide license agreement with the University of British Columbia through its subsidiary SafeCoat to develop and commercialize medical device coating technology.

This new technology is forwarded through SafeCoat Medical and the exclusive worldwide license from UBC. This transaction is anticipated to create significant new market opportunities that tackle the problem of maintaining sterile surfaces on medical devices and implants.

Technological progress is accelerating, and it can anticipate coatings that are even more responsive to medical needs. Imagine coatings that visibly show when a device is wearing out or even those that can modify their properties in real time based on the patient’s unique requirements.

For instance, in March 2022, DSM Biomedical and Svelte Medical Systems worked together to develop DISCREET Bioresorbable Coating Technology, which is employed with the SLENDER IDS and DIRECT RX Bioresorbable Coated Drug-Eluting Stent (DES) Systems.

Although only ICUs have 15%–20% of all hospital beds, they are the site of 50% of all instances of pneumonia and life-threatening bloodstream infections acquired in hospitals. Approximately 25% of hospitalized patients are susceptible to illnesses related to their care. Therefore, innovative techniques, proper cleaning, antibiotics, and disinfectants should be used to reduce the likelihood of high-risk HAIs arising during medical operations or when utilizing medical devices. Coating technology introduction is one such key technique.

Furthermore, innovations in biomaterials are also encouraging the creation of biocompatible coatings, which lower the possibility of negative reactions and encourage a smooth integration with the human body.

For instance, in March 2023 Biocoat Incorporated, a manufacturer of hydrophilic biomaterial coatings, coating services, and coating apparatus for medical devices, announced that its HYDAK UV coating is now being applied to two medical devices that have been granted FDA 510(k) clearance.

Restraints

Factors such as stringent regulatory compliance, and the rising cost of raw materials, limited durability & longevity, biocompatibility & safety concerns, and complexity of application, are expected to hamper the market.

Segment Analysis

The medical device coatings market is segmented based on product, coating type, application, material, chemistry, end-user, and region.

The segment antimicrobial coatings accounted for approximately 45.3% of the medical device coatings market share

The antimicrobial coatings segment is expected to hold the largest market share over the forecast period. This segment is attributed to their lower price and higher compatibility with different device materials, such as composite materials, carbon fiber, metal, stainless steel, and plastic. The segment is predicted to grow as a result of the rising R&D efforts and increasing implantable device usage.

The product demand would also be driven by its benefits, such as reduced friction, optical clarity, improved durability & lubricity, and the ability to withstand maintenance procedures including sterilization, storage, and cleaning.

For instance, in April 2022 BioInteractions, a biomaterials technology firm based in the United Kingdom, introduced TridAnt, a revolutionary coating technology for medical devices that represents a paradigm shift in the prevention of infection and protection against a wide range of pathogens. TridAnt focuses on developing the best bioengineering technique to bond the antimicrobial coating securely to the material of the different medical devices for their lifecycle.

A rise in the cases of chronic diseases and infectious diseases requiring hospitalizations and surgical procedures, along with an aging global population will be some factors driving the market growth for coated medical devices.

In addition, China-based CEMMA Medical Company Limited and Netherlands-based LipoCoat BV are co-developing a coated central venous catheter (CVC) to prevent HAIs caused by catheter bacterial contamination.

Moreover, various coating technologies in this market help to drive this segment's growth. For instance, in September 2021, Precision Coating, a leading medical coatings service provider to interventional, orthopedic, and advanced surgical markets announced a merger with N2 Biomedical, a Bedford, MA-based company.

Also, in July 2021, Researchers at the Korea Institute of Science and Technology (KIST) built a human implantable medical device coating technology, which can boost the life span and stability of the medical device.

Geographical Analysis

North America accounted for approximately 41.2% of the medical device coatings market share

North America region is expected to hold the largest market share over the forecast period. Owing to the major players in this region well-organized medical services infrastructure and investments in healthcare spending, R& D facilities, and various range of healthcare services propel the market growth in this region. With healthcare costs on the rise, the area will probably need a lot more medical coating.

Major industry players in this field also approve products, which drives the market's growth. For instance, in June 2023, Surmodics stated that the SurVeil drug-coated balloon (DCB) would be utilized to treat patients with peripheral artery disease starting after receiving approval from the FDA.

Additionally, Concept Medical announced that the FDA had authorized their sirolimus-coated balloon Magic Touch PTA as an experimental device exemption (IDE) for superficial femoral arteries in May 2023.

COVID-19 Impact Analysis

The COVID-19 pandemic significantly impacted the medical device coatings market. Owing to the lockdown endorsement placed by governments to contain COVID-19 spreading. The medical device coatings market includes major (Tier I and II) manufacturers such as DSM, Hydromer, Biocoat, and AST Products.

These suppliers have their manufacturing facilities spread across various countries. Similarly, the European Commission has recently approved revised harmonized standards to expedite the production of medical face masks, gloves, and sterilization devices & disinfectants, and alter particular requirements for emergency and transport ventilators.

Furthermore, the rising penetration of e-commerce platforms is projected to boost the sales of Medical Device Coatings over the coming years.

Market Segmentation

By Product
• Catheters
• Implants
• Electrosurgical Instruments
• Stents
• Others

By Coating Type
• Hydrophilic Coatings
• Antimicrobial Coatings
• Drug-eluting Coatings
• Anti-thrombogenic Coatings
• Others

By Application
• Neurology
• Orthopedics
• General surgery
• Cardiovascular
• Dentistry
• Gynecology
• Others

By Materials
• Polymers
• Metals
• Ceramics
• Others

By Chemistry
• Fluoropolymers
• Parylene
• Silicone
• Others

By End-User
• Academic Institutes
• Hospitals
• Research & Medical Device Companies
• 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
South Korea
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the medical device coatings market include Surmodics, Inc., Sono-Tek Corporation, Hydromer, DSM, Biocoat Incorporated, TUA Systems, Harland Medical Systems, Inc, BioInteractions, Specialty Coating Systems Inc., ENDURA COATINGS PRIVATE LIMITED among others.

Key Developments

On May 25, 2023, Bio-Gate AG, an innovative technology and individual solution provider, will launch its innovative HyProtect coating into new markets alongside its long-term partner OSSIS Ltd. It will be introduced into new markets by OSSIS Ltd., a New Zealand company. As part of the collaboration, orthopedic revision implants are primarily used to provide compassionate care for single patients in human medicine.

On November 2, 2022, GTCR made a strategic investment in Biocoat Corporation, a specialty maker of hydrophilic biomaterial coatings, solutions, and dip-coating instruments for medical devices.

On April 6, 2022, Biocoat Inc., a manufacturer of hydrophilic biomaterials coatings and coating equipment for medical devices, announced its expansion into hydrophilic dip coatings. The company is set to design, develop, and deliver the dip coating technology to coat medical devices. mental breakthrough in infection prevention and pathogen protection.

On April 13, 2022, Harland Medical Systems, Inc. announced the release of the CTS1100 Coating Thickness Testing System at MD&M West.

Why Purchase the Report?
• To visualize the medical device coatings market segmentation based on product, coating type, application, material, chemistry, end-user, 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 medical device coatings market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping is available in Excel consisting of key products of all the major players.

The medical device coatings market report would provide approximately 48 tables, 52 figures, and 182 Pages.

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


1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Product
3.2. Snippet by Coating Type
3.3. Snippet by Application
3.4. Snippet by Material
3.5. Snippet by Chemistry
3.6. Snippet by End-User
3.7. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Technological Advancements in Coating Technologies
4.1.1.2. Rising Demand for Minimally Invasive Surgeries
4.1.1.3. Rise in the Prevalence of Hospital-acquired Infections (HAI) & Chronic Disorders
4.1.2. Restraints
4.1.2.1. Stringent Regulatory Compliance
4.1.2.2. Rising Cost of Raw Materials
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Unmet Needs
5.6. PESTEL Analysis
5.7. Patent Analysis
5.8. SWOT Analysis
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Scenario Before COVID
6.1.2. Scenario During COVID
6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During the Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Product
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
7.1.2. Market Attractiveness Index, By Product
7.2. Catheter*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Implants
7.4. Electrosurgical Instruments
7.5. Stents
7.6. Others
8. By Coating Type
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating Type
8.1.2. Market Attractiveness Index, By Coating Type
8.2. Hydrophilic Coatings*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Antimicrobial Coatings
8.4. Drug-eluting Coatings
8.5. Anti-thrombogenic Coatings
8.6. Others
9. By Application
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
9.1.2. Market Attractiveness Index, By Application
9.2. Neurology*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Neurology
9.4. Orthopedics
9.5. General surgery
9.6. Cardiovascular
9.7. Dentistry
9.8. Gynecology
9.9. Others
10. By Material
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
10.1.2. Market Attractiveness Index, By Material
10.2. Polymers*
10.2.1. Introduction
10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Metals
10.4. Ceramics
10.5. Others
11. By Chemistry
11.1. Introduction
11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Chemistry
11.1.2. Market Attractiveness Index, By Chemistry
11.2. Fluoropolymers*
11.2.1. Introduction
11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
11.3. Parylene
11.4. Silicone
11.5. Others
12. By End-User
12.1. Introduction
12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
12.1.2. Market Attractiveness Index, By End-User
12.2. Academic Institutes*
12.2.1. Introduction
12.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
12.3. Hospitals
12.4. Research & Medical Device Companies
12.5. Others
13. By Region
13.1. Introduction
13.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
13.1.2. Market Attractiveness Index, By Region
13.2. North America
13.2.1. Introduction
13.2.2. Key Region-Specific Dynamics
13.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
13.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating Type
13.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
13.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Chemistry
13.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
13.2.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
13.2.9.1. U.S.
13.2.9.2. Canada
13.2.9.3. Mexico
13.3. Europe
13.3.1. Introduction
13.3.2. Key Region-Specific Dynamics
13.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
13.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating Type
13.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
13.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Chemistry
13.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
13.3.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
13.3.9.1. Germany
13.3.9.2. UK
13.3.9.3. France
13.3.9.4. Italy
13.3.9.5. Spain
13.3.9.6. Rest of Europe
13.4. South America
13.4.1. Introduction
13.4.2. Key Region-Specific Dynamics
13.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
13.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating Type
13.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
13.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Chemistry
13.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
13.4.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
13.4.9.1. Brazil
13.4.9.2. Argentina
13.4.9.3. Rest of South America
13.5. Asia-Pacific
13.5.1. Introduction
13.5.2. Key Region-Specific Dynamics
13.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
13.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating Type
13.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
13.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Chemistry
13.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
13.5.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
13.5.9.1. China
13.5.9.2. India
13.5.9.3. Japan
13.5.9.4. South Korea
13.5.9.5. Rest of Asia-Pacific
13.6. Middle East and Africa
13.6.1. Introduction
13.6.2. Key Region-Specific Dynamics
13.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
13.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating Type
13.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
13.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Chemistry
13.6.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
14. Competitive Landscape
14.1. Competitive Scenario
14.2. Market Positioning/Share Analysis
14.3. Mergers and Acquisitions Analysis
15. Company Profiles
15.1. Surmodics, Inc *
15.1.1. Company Overview
15.1.2. Product Portfolio and Description
15.1.3. Financial Overview
15.1.4. Key Developments
15.2. Sono-Tek Corporation
15.3. Hydromer
15.4. DSM
15.5. Biocoat Incorporated
15.6. TUA Systems
15.7. Harland Medical Systems, Inc
15.8. BioInteractions
15.9. Specialty Coating Systems Inc
15.10. ENDURA COATINGS PRIVATE LIMITED
LIST NOT EXHAUSTIVE
16. Appendix
16.1. About Us and Services
16.2. Contact Us

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