According to the new market research
report “Medical Coatings Market by
Coating Type (Active, Passive), Material Type (Polymers, Metals), Application
(Medical Devices, Medical Implants, Medical Equipment & Tools, Protective
Clothing), And Region – Global Forecast To 2025″, published by
MarketsandMarkets™, the
Medical Coatings Market size is expected to grow from USD 6.0 billion in 2020
to USD 15.2 billion by 2025, at a CAGR of 20.5% during the forecast period. The
major factor driving the medical coatings market is the increase in rising
income levels in emerging economies, a growing percentage of the geriatric
population, and increasing use of home healthcare facilities are the other
major drivers for the market.
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and in-depth TOC on “Medical Coatings Market”
101 – Tables
39 – Figures
192 – Pages
Passive medical to be the largest
coating type segment.
The passive coatings segment accounts for the largest share of the overall
market. Hydrophilic coatings are widely used on guidewires, catheters, and
introducer sheaths to lower friction coefficient. These coatings have
properties such as lubricity, durability, low friction coefficient, and low
particulate count. Hydrophobic coatings are water- or fluid-repellent and hence
suitable for medical equipment. Minimal invasion and easy insertion of medical
devices in biological openings offered by the hydrophilic coatings and
excellent water repellent properties exhibited by the hydrophobic coatings are
responsible for the large market size of passive medial coatings.
Polymers to be the fastest-growing
material type segment.
Polymer-based medical coatings are used in medical devices, medical equipment
& tools, protective clothing, and medical implants. They are necessary to
optimize durability and corrosion resistance while minimizing the coefficient
of friction. Major subtypes of polymer coatings used on medical devices,
medical implants, and other applications are fluoropolymers, silicone,
parylene, and polyurethanes. Easy availability, low cost, optimum performance,
multifunctionality, and low particulate technology are boosting the
polymer-based medical coatings market.
Medical devices to be the
fastest-growing application segment.
The medical coatings market is segmented based on application into medical
devices, medical implants, medical equipment & tools, protective clothing,
and others. The medical devices segment accounted for the largest market share
in 2019. Increased use of medical devices in the emerging economies, such as
China and India, has led to the high growth of the market. The pandemic has
further increased the demand for medical devices, such as catheters,
guidewires, endotracheal tubes, positive pressure breathing devices, in-vitro
diagnostic devices, cannulas, ventilators, ventilator accessories, infusion
pumps, respirators, and other devices.
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APAC to grow with the fastest CAGR
during the forecast period.
APAC is projected to lead the medical coatings market during the forecast
period. The growing population, rising percentage of the geriatric population,
augmenting healthcare investments, and increasing income levels in the region
are the major drivers for the medical coatings market in the region. The
healthcare industry in APAC has been experiencing positive transformations in
the healthcare system in terms of healthcare infrastructure and public-private
partnerships. These factors are also responsible for the highest CAGR of the
market in the region.
Between 2019 and 2020, the medical coatings market has observed a high growth
rate due to COVID-19 and the increased demand across the world. The demand for
medical devices and supplies, such as ventilators, personal protective
equipment (PPE), respirators, and protective clothing, is on the rise to combat
COVID-19. This is propelling the demand for antimicrobial, anti-fog,
hydrophilic, and hydrophobic coatings. However, the demand for medical coatings
used on implants is expected to grow with CAGR less than that of medical
devices. As an overall result of the impact on demand for different
applications, the medical coatings market is expected to witness a positive
impact in 2020.
The medical coatings market comprises major players such as DSM (Netherlands),
Hydromer (US), Surmodics (US), Biocoat (US), AST Products (US), Covalon
Technologies (Canada), Harland Medical Systems (US), Applied Medical Coatings
(US), Freudenberg (US), and Merit Medical OEM (US).
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