Medical coating market is anticipated to grow at a considerable CAGR of 20.5% during the forecast period. Factors driving the growth of the global medical coating industry include the rising geriatric population globally coupled with the rise in chronic diseases, improvement of healthcare infrastructure, and rising per capita healthcare expenditure, especially in the emerging economies. Covalon Technologies Ltd. has launched its new, Centaur low particulate, lubricious coating designed to improve the safety and functionality of intravascular medical devices such as catheters, guidewires, and delivery sheaths where the presence of unwanted particulate can cause significant patient complications. Such market developments are further anticipated to drive the growth of the global medical coating market.
Furthermore, the COVID-19 pandemic made a positive impact on the growth of the global medical coating market. Key players have made several developments during the COVID-19 pandemic. For instance, in April 2020, Hydromer partnered with N8 Medical for the supply of coatings to manufacture CeraShield endotracheal tubes. These tubes play a crucial role in the treatment of COVID-19 patients. This development exhibits the active involvement of the company in the coatings market.
The global medical coating market is segmented by coating type, material type, and application. The market segmentation based on the coating type includes active and passive. Based on material type, the market is segmented into polymers, metals, silicone, and others. Based on application, the market is segmented into medical devices, medical implants, medical equipment & tools, and protective clothing.
The medical devices segment is anticipated to hold a considerable share of the global medical coatings markets. Increased use of medical devices in emerging economies, such as China and India, for the treatment of chronic diseases, is a key factor driving the growth of this market segment. 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, and infusion pumps, respirators, and other devices; which is further aiding to the market growth.
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Medical Coating Market Segmentation
By Coating Type
- Active
- Passive
By Material Type
- Polymers
- Metals
- Silicone
- Others
By Application
- Medical Devices
- Medical Implants
- Medical Equipment & Tools
- Protective Clothing
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- AST Products, Inc.
- Bayer AG
- Biocoat Inc.
- Covalon Technologies Ltd
- Royal DSM
- Freudenberg Medical
- Harland Medical Systems
- Hydromer
- Medicoat AG
- Merit Medical Systems, Inc.
- Precision Coating Company Inc.
- Surmodics Inc.
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