About Medical Device Coatings
Medical device coating is the process of coating medical devices ranging from orthopedic prosthetics to dental implants with various hydrophilic coating or hydrophobic coating materials based on application. Coatings on biomedical implants can affect the biological interaction between the implant and host, mitigate joint wear, and combine the properties of several materials to enhance device performance. Medical device coatings also endow properties like lubrication, anti-fouling nature, as well as enhanced durability to the surface of the device. The medical device coating market is poised for significant growth due to rising demand for advanced medical devices, an aging population, and continuous technological advancements.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Medical Device Coatings market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Surmodics, Inc. (United States), Royal DSM (Netherland), Biocoat Inc. (United States), Coatings2Go, LLC. (United Staets), Hydromer. Inc. (United Staets), Harland Medical Systems Inc (United Staets), AST Products Inc. (United Staets), Precision Coatings Co. Inc. (United Staets), Covalon Technologies Ltd. (Phillipienes) and Specialty Coating Systems, Inc. (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Merit Medical Systems, Inc. (United States), Hemoteq AG (Japan) and Materion Corporation (France).
Segmentation Overview
AMA Research has segmented the market of Global Medical Device Coatings market by Type (Hydrophilic Coatings, Antimicrobial Coatings, Drug-eluting Coatings, Anti-thrombogenic Coatings and Others), Application (Neurology, Orthopedics, General surgery, Cardiovascular, Dentistry, Gynecology and Others) and Region.
On the basis of geography, the market of Medical Device 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 Material, the sub-segment i.e. Metals (Silver will boost the Medical Device Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing incidences of acute lower respiratory infections
Market Growth Drivers:
Increased the deployment of antimicrobial-protected tools and Increasing use of minimally invasive surgical treatments
Challenges:
Stringent Regulation
Restraints:
Raw material price volatility
Opportunities:
Increasing Demand for Quality Healthcare can Offer Lucrative Opportunities
Market Leaders and their expansionary development strategies
In January 2023, LipoCoat, a Dutch biotech company that develops biomimetic coatings, and Heraeus Medevio, a world-class medical device design, development, and manufacturing company, today announced a collaboration agreement to enable LipoCoat’s Innovative coating technology to be integrated into products developed by Heraeus Medevio.
In December 2023, Flexcon Global, the preferred provider of innovative coatings, film laminations, and functional technologies, today announced the launch of its Flexcon MedFlex product line of polyester printable films and overlaminates for lifetime medical device labeling and tracking solutions.
Key Target Audience
Manufacturing Comapnaies, Research & Development, Market Research & Consultancy Fimr 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.