About Medical Coatings
It is understandably imроrtаnt that medical devices be соrrоsiоn resistant. That is why medical соаtings have beсоme an essential рart of many medical industry аррliсаtiоns. Though аlreаdy highly utilized in the medical industry, аdditiоnаl research is being done as far as medical соаtings being used in аррliсаtiоns for the spine, finger, elbow, shoulder, and knee joints, асetаbulаr сарs and femoral stems. There are both cold spray and thermal technologies used today in medical coatings. The thermal spray-produced medical coatings are useful for medical instruments and devices needing dielectric insulation.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
CAGR | 20.5% |
The global market for medical coating is fragmented by major players leading in innovation. The major focus of the players is to associate with a company of specialization and work on more Nano-coatings in order to be compatible with the complex instruments and biocompatibility. Moreover, the infectious treatment is causing an economic burden as a number of patients and public risk health and this should be addressed and worked upon by leading players of the market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Medical Coatings market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hydromer Inc. (United States), Kane Biotech Inc. (Canada), N8 Medical Inc. (United States), Surmodics Inc. (United States), Sono-Tek Corp (United States), Abbott Laboratories (United States), Specialty Coating Systems Inc. (United States), Precision Coating Company Inc. (United States), Freudenberg Medical (United States) and AST products Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Harland Medical Systems (United States).
Segmentation Overview
AMA Research has segmented the market of Global Medical Coatings market by Type (Hydrophilic Coating and Hydrophobic Coating), Application (Medical Devices, Implants and Medical Equipment & Tools) and Region.
On the basis of geography, the market of Medical Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Medical Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increase in The Use of Minimally Invasive Surgical Procedures
Challenges:
Time-Consuming and Lengthy Process of Material Approval with Government Bodies and Private Bodies Governing testing, Licencing, and Application.
Restraints:
Increasing Raw Material Cost and Initial Cost and Royalty on New Coatings
Opportunities:
Increasing Investments in Research and Development Activities such as Material Technology owing to Rapid Adoption of Devices
Market Leaders and their expansionary development strategies
November 2022: Biocoat Incorporated, a specialty manufacturer of hydrophilic biomaterial coatings, solutions, and dip-coating tools for medical devices, announced the strategic investment of GTCR in the company.
On February 5, 2020, Bio coat, Inc., a specialty manufacturer of hydrophilic biomaterial coatings for medical devices, has launched HYDAK UV. The new version of its original HYDAK coating is designed to be cured using ultraviolet (UV) light, allowing for flexible integration with industry-standard UV coating systems.
Antimicrobial coatings should match required FDA compatibility regulations as lubricants, to provide active resistance to microbe absorption and carry-over.
Key Target Audience
Medical Coating Manufacturer, Medical Instruments Manufacturer, Raw Material Suppliers, Research Institutes, Traders, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.