Medical Coatings Market by Type (Hydrophilic, Antimicrobial, Drug-eluting, Anti-thrombogenic), Material (Polymer {Fluoropolymers, Parylene, Silicon}, Metal {Silver, Titanium}), Application (Medical Devices, Implants, Equipment)

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Medical Coatings Market Size, Share, Forecast, & Trends Analysis by Type (Hydrophilic, Antimicrobial, Drug-eluting), Material Type (Polymer {Fluoropolymers, Parylene}, Metal {Silver, Titanium}), Application (Medical Devices, Implants) - Global Forecast to 2030

The medical coatings market is projected to reach $3.32 billion by 2030 at a CAGR of 11.20% from 2023 to 2030.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report provides an analysis of key industry drivers, restraints, opportunities, and challenges.

The growth of this market is driven by the rising incidence of healthcare-associated infections (HAIs), the growing adoption of minimally invasive surgical procedures, and the high demand for medical coatings in the medical devices industry. However, the rising raw material prices and the high costs & miniaturization of medical devices are factors restraining market growth. Furthermore, the growing demand for customized and multifunctional coatings and untapped potential in emerging economies are expected to create significant growth opportunities for market players.

However, limitations of certain types of coatings with regard to biocompatibility, lack of standardization and durability, and the risk of coating failure associated with hydrophilic and/or hydrophobic-coated medical devices are major challenges restricting the growth of this market.

The report offers a competitive landscape based on an extensive assessment of the product portfolios, geographic presence, and key strategic developments of leading market players during the last four years (2020-2023). The key players operating in the medical coatings market are Hydromer Inc. (U.S.), Harland Medical Systems, Inc. (U.S.), SurModics, Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), AST Products, Inc. (U.S.), Biocoat Incorporated (U.S.), Precision Coating Company, Inc (U.S.), Medicoat AG (Switzerland), Merit Medical Systems, Inc. (U.S.), and Specialty Coating Systems, Inc. (U.S.).

Based on type, the hydrophilic coatings market is segmented into hydrophilic coatings, antimicrobial coatings, drug-eluting coatings, anti-thrombogenic coatings, and other types. In 2023, the hydrophilic coatings segment is expected to account for the largest share of the medical coatings market. The large market share of this segment is attributed to the high demand for hydrophilic-coated medical devices due to advantages such as reduced friction, increased lubrication, and high compatibility with blood & other body fluids.

Based on material type, the medical coatings market is segmented into polymers, metals, and other material types. In 2023, the polymers segment is expected to account for the largest share of the medical coatings market. The large market share of this segment can be attributed to the ability of polymers to effectively improve coating durability and provide corrosion resistance and better biocompatibility. Further, various types of polymers are available for different applications, such as fluoropolymer coatings, which have the property to provide dry lubrication, insulation, and non-stick properties.

Based on application, the medical coatings market is segmented into medical devices, medical implants, medical equipment & surgical tools, and other applications. In 2023, the medical devices segment is expected to account for the largest share of the medical coatings market. The large market share of this segment is attributed to the increased demand for medical devices such as guidewires, endotracheal tubes, catheters, and the ability of medical coatings to improve patient safety and reduce infections.

An in-depth analysis of the geographical scenario in the medical coatings market provides detailed qualitative and quantitative insights into five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. In 2023, North America is expected to account for the largest share of the medical coatings market. North America's large market share is attributed to the high healthcare expenditure in the region, the high demand for medical coatings in the medical devices industry, the high number of surgeries conducted, and the presence of key players in the region.

Scope of the Report:

Medical Coatings Market Assessment-by Type

Hydrophilic Coatings
Antimicrobial Coatings
Drug-eluting Coatings
Anti-thrombogenic Coatings
Other Types

Note: Other types include antiviral coatings, hydrophobic coatings, and corrosion-resistant coatings.

Medical Coatings Market Assessment-by Material Type

Polymers
- Fluoropolymers
Polytetrafluoroethylene (PTFE)
Polyvinylidene Fluoride (PVDF)
Other Fluoropolymers
- Parylene
- Silicones
- Other Polymers
Metals
- Silver
- Titanium
- Other Metals
Other Materials Types

Note: Other polymers include nylon/polyamide, PEBAX, polyurethane, chloroprene, tecothane, tecoflex, and rubber (Including ethylene propylene diene monomer (EPDM), fluoroelastic, and natural rubber).

Note: Other fluoropolymers include Xylan, Polyphenylene Sulfide (PPS), Fluorinated Ethylene Propylene (FEP), and Perfluoroalkoxy (PFA).

Note: Other metals include stainless steel, nitinol, platinum, gold, nickel, and titanium.

Note: Other material types include acrylic and ceramic.

Medical Coatings Market Assessment-by Application

Medical Devices
- Neurological Devices
- Cardiovascular Devices
- Ophthalmology Devices
- Orthopedics Devices
- Dental Devices
- Gynecology Devices
- Other Devices
Medical Implants
- Orthopedic Implants
- Dental Implants
- Cardiovascular Implants
- Other Implants
Medical Equipment & Surgical Tools
Other Applications

Note: Other applications include coatings for protective clothing, hospital furniture, and treatment seating.

Medical Coatings Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
Asia-Pacific
- China
- Japan
- India
- Rest of APAC (RoAPAC)
Latin America
- Brazil
- Mexico
- Rest of Latin America (RoLATAM)
Middle East & Africa

Product Code: MRHC - 104769

1. Introduction

1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Process
2.2. Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research
2.3. Market Assessment
- 2.3.1. Market Size Estimation
  - 2.3.1.1. Bottom-up Approach
  - 2.3.1.2. Top-down Approach
  - 2.3.1.3. Growth Forecast
- 2.3.2. Market Share Analysis
2.4. Assumptions for the Study
2.5. Limitations for the Study

3. Executive Summary

4. Market Insights

4.1. Market Overview
4.2. Drivers
- 4.2.1. High Incidence of Healthcare Associated Infections (HAIs)
- 4.2.2. Growing Adoption of Minimally Invasive Surgical Procedures
- 4.2.3. High Demand from the Medical Devices Industry
4.3. Restraints
- 4.3.1. Rising Raw Material Prices and High Costs
- 4.3.2. Miniaturization of Medical Devices
4.4. Opportunities
- 4.4.1. Growing Demand for Customized and Multifunctional Coatings
- 4.4.2. Potential in Emerging Economies
4.5. Challenges
- 4.5.1. Limitations of Certain Types of Coatings
- 4.5.2. Risk of Coating Failure Associated with the Use of Hydrophilic and/or Hydrophobic Coated Medical Devices
4.6. The Impact of COVID-19 on the Global Medical Coatings Market

5. Global Medical Coatings Market, by Type

5.1. Introduction
5.2. Hydrophilic Coatings
5.3. Antimicrobial Coatings
5.4. Drug-eluting Coatings
5.5. Anti-thrombogenic Coatings
5.6. Other Types

6. Global Medical Coatings Market, by Material Type

6.1. Introduction
6.2. Polymers
- 6.2.1. Fluoropolymers
  - 6.2.1.1. Polytetrafluoroethylene (PTFE)
  - 6.2.1.2. Polyvinylidene fluoride (PVDF)
  - 6.2.1.3. Other Fluoropolymers
- 6.2.2. Parylene
- 6.2.3. Silicones
- 6.2.4. Other Polymers
6.3. Metals
- 6.3.1. Silver
- 6.3.2. Titanium
- 6.3.3. Other Metals
6.4. Other Material Types

7. Global Medical Coatings Market, by Application

7.1. Introduction
7.2. Medical Devices
- 7.2.1. Neurological Devices
- 7.2.2. Cardiovascular Devices
- 7.2.3. Ophthalmology Devices
- 7.2.4. Orthopedics Devices
- 7.2.5. Dental Devices
- 7.2.6. Gynecology Devices
- 7.2.7. Other Devices
7.3. Medical Implants
- 7.3.1. Orthopedic Implants
- 7.3.2. Dental Implants
- 7.3.3. Cardiovascular implants
- 7.3.4. Other Implants
7.4. Medical Equipment & Surgical Tools
7.5. Other Applications

8. Medical Coatings Market, by Geography

8.1. Introduction
8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
8.3. Europe
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Rest of Europe (RoE)
8.4. Asia-Pacific
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. Rest of Asia-Pacific (RoAPAC)
8.5. Latin America
- 8.5.1. Brazil
- 8.5.2. Mexico
- 8.5.3 Rest of Latin America (RoLATAM)
8.6. Middle East & Africa

9. Competitive Landscape

9.1. Introduction
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Market Share Analysis (2022)

10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)

10.1. Hydromer Inc. (U.S.)
10.2. Harland Medical Systems, Inc. (U.S.)
10.3. SurModics, Inc. (U.S.)
10.4. Koninklijke DSM N.V. (Netherlands)
10.5. AST Products, Inc. (U.S.)
10.6. Biocoat Incorporated (U.S.)
10.7. Precision Coating Company, Inc (U.S.)
10.8. Medicoat AG (Switzerland)
10.9. Merit Medical Systems, Inc. (U.S.)
10.10. Specialty Coating Systems, Inc. (U.S.)
10.11. Other Companies

11. Appendix

11.1. Questionnaire
11.2. Available Customization