The medical coatings market report presents in-depth analysis and forecasts of medical coatings types including Antimicrobial Coatings, Drug-Eluting Coatings, Hydrophilic Coatings, Anti-thrombogenic Coatings, Others. Further, applications of medical coatings across Medical Devices, Implants, Equipment, PPE and Others is included. In addition, medical coatings companies and forecasts across 16 countries are provided.

 

Medical Coatings Market Statistics, 2021

• The global Medical Coatings Market Size stood at $9.44 Billion in 2020 and is poised to register 8.48% growth over the forecast period from 2021 to 2028
• Antimicrobial Medical Coatings is the largest type of coatings with 32.5% market share. Other technologies for coating medical devices and equipment include Drug-Eluting Coatings, Hydrophilic Coatings, Anti-thrombogenic Coatings and other Medical Coatings.  
• Among application segments, Medical Devices remain the dominant user of Medical Coatings in value terms, with a market share of 38.1% during 2020. Other applications of coatings include Implants, Equipment, PPE and Others
• Driven by the US, North America dominates the global Medical Coatings market with 40.4% market share
• Strong growth in minimally invasive and non-invasive surgical procedures, Growth in geriatric population, increasing demand for antimicrobial coatings, advent of Nano-coating technology, increasing hospital-associated infections, homecare monitoring and diagnostics market growth, and increasing global healthcare expenditure are among main market dynamics
• On the other hand, need for increased investments in R&D, Stringent government regulations, costs and risks associated with raw material procurement, and intense competitive conditions pose challenges to market growth
• Market is highly competitive in nature with intense competitive conditions among leading market players.

 

Global Medical Coatings Market Size Outlook, USD Billion, 2020- 2028

 

Medical Coatings Industry Panorama, 2022

Increasing demand for complex medical devices, particularly for medical implants, minimally invasive tools, drug delivery systems, and others are encouraging the market for medical coatings. Manufacturing companies are marketing a broad portfolio of medical coatings with superior adhesion, hardness properties, and fracture toughness along with low friction properties.

Medical coatings ranging from antimicrobials to Drug-eluting Coatings are being customized to client-specific applications and equipment. The coatings boost lubricity, water repelling nature, and biocompatibility, enable efficiency and long functional life. The ongoing research on coating materials, development of new coating technologies to address complex designs, and focus on lowering overall costs are set to shape the future of the medical coatings industry.

The global medical coatings market size stood at US$9.5 Billion during 2020. Further, driven by investments in healthcare infrastructure, technological advancements in the coatings industry and rapidly expanding demand for medical devices, implants, and other applications, the global medical coatings industry is poised to register 8.48% CAGR (Compounded Annual Growth Rate) over the forecast period from 2021 to 2028.

The market is highly competitive with leading companies opting for product differentiation, new product launch, and investments in domestic markets to cater to local customers, and other strategies for business expansion. The report analyses Biocat Inc., Hydromer Inc., Surmodics Inc., Precision Coatings Co., Inc., and Koninklijke DSM N.V.

 

Medical Coatings Market Trends- Strong growth in minimally invasive and non-invasive surgical procedures

The minimally invasive surgical procedures market continues to expand significantly, in particular, in cardiovascular, Orthopaedics and spinal surgery, gastrointestinal surgery, and others such as bariatric, cosmetic, thoracic surgeries. Technological advances in minimally invasive surgeries resulted in the launch of several medical devices, which will support the coatings market.

Potential advantages of minimally invasive techniques including lower risk of infection, shorter hospital stay, which lowers the risk of hospital-acquired infections, enables quicker recovery and offers cost advantages over conventional open surgeries. In addition, increasing chronic conditions, technological advancements such as robot-assisted procedures, the launch of new medical devices with longer durability and better functionalities support the market growth.

Further, an increasing trend of increasing popularity of physician-owned ambulatory service centres is being observed, predominantly in orthopaedic and spine categories. This supports the demand for more medical devices. Medical device coatings offer physicians greater manoeuvrability. The presence of unwanted particulate can cause significant patient complications and accordingly, coating companies are focusing on improving the safety and functionality of the devices.

Cardiovascular is the leading application vertical of minimally invasive surgical equipment and medical device manufacturers continue to launch lightweight products such as inflation systems, guiding devices, cutters, catheters, and other handheld or electrosurgical instruments. As these devices are inserted into narrow areas involving high complexity, coatings play an important role in ensuring minimal side-effects of the procedure. 

The instruments market is highly dynamic and device manufacturers often opt for product differentiation strategies to stay ahead of the competition, which supports the demand for advanced coating technologies. Accordingly, most coating manufacturers are focusing on minimally invasive surgical instruments.

 

Global Medical Coatings Market Share by Coating Type, 2021

Medical Coatings Market Report Segmentation

 

• Types
  • Antimicrobial Coatings
  • Drug-Eluting Coatings
  • Hydrophilic Coatings
  • Anti-thrombogenic Coatings
  • Others
• Applications
  • Medical Devices
  • Implants
  • Equipment
  • PPE and Others
• Regions
  • North America
  • Europe
  • Asia Pacific
  • Middle East Africa
  • Latin America

1.            TABLE OF CONTENTS      2

List of Tables      6

List of Figures    8

 

2.            EXECUTIVE SUMMARY  11

Summary             11

Medical Coatings Industry Outlook, 2020 – 2028 12

Abbreviations    13

 

3.            INTRODUCTION TO MEDICAL COATINGS MARKET            14

Market Segments - Types, Applications, and Regions      14

Research Methodology 15

 

4.            MACRO FACTORS SHAPING THE MEDICAL COATINGS MARKET OUTLOOK 16

GDP Outlook, 2010 – 2030            16

Population Outlook of Select Countries, 2010 – 2030        17

 

5.            OVERVIEW OF THE MEDICAL COATINGS MARKET             18

Medical Coatings Industry Panorama, 2022          18

Medical Coatings Companies Profiles in the Report          20

 

Medical Coatings Market Dynamics         20

Strong growth in minimally invasive and non-invasive surgical procedures             20

Growth in geriatric population   21

Increasing demand for antimicrobial coatings      22

Advent of Nano-coating technology        23

Increasing hospital-associated infections              24

Homecare monitoring and diagnostics market growth    25

Increasing global Healthcare Expenditure worldwide       25

 

Medical Coatings Market Challenges       26

Stringent government regulations           26

Costs and Risks Associated with Raw Material Procurement         27

Regional Analysis             28

 

6.            TRENDS IN MEDICAL COATINGS MARKET TYPES 29

Largest Types    29

Antimicrobial Coatings Market Size Outlook         30

Drug-Eluting Coatings Market Size Outlook          32

Hydrophilic Coatings Market Size Outlook             33

Anti-thrombogenic Coatings Market Size Outlook             35

Other Medical Coatings Market Size Outlook      36

 

7.            GLOBAL MEDICAL COATINGS OUTLOOK ACROSS COVID-19 SCENARIOS  37

Post COVID Scenario      38

Pre COVID Scenario        39

 

8.            TRENDS IN MEDICAL COATINGS APPLICATION VERTICALS             40

Medical Coatings Market in Medical Devices       41

Medical Coatings Market in Medical Implants     43

Medical Coatings Market in Medical Equipment 45

Medical Coatings Market in PPE and Others         46

 

9.            NORTH AMERICA MEDICAL COATINGS MARKET ANALYSIS AND OUTLOOK           47

North America Medical Coatings Market Size Outlook     47

North America Medical Coatings Market Trends and Opportunities          48

Antimicrobial Coatings dominates the North American Medical Coatings Market                48

Medical Devices are the leading consumers of Medical Coatings in North America             49

The US dominates the North American Medical Coatings Market              50

Market Outlook by Country        51

United States Medical Coatings Market Size Outlook       51

Canada Medical Coatings Market Size Outlook   53

Mexico Medical Coatings Market Size Outlook   55

 

10.          EUROPE MEDICAL COATINGS MARKET ANALYSIS AND OUTLOOK              57

Europe Medical Coatings Market Size Outlook    57

Europe Medical Coatings Market Trends and Opportunities         58

Antimicrobial Coatings dominates the European Medical Coatings Market            58

Medical Devices are the leading consumers of Medical Coatings in Europe            59

Germany dominates the European Medical Coatings Market      60

Market Outlook by Country        61

Germany Medical Coatings Market Size Outlook               61

United Kingdom Medical Coatings Market Size Outlook 63

France Medical Coatings Market Size Outlook     64

Spain Medical Coatings Market Size Outlook       65

Italy Medical Coatings Market Size Outlook          66

Other Europe Medical Coatings Market Size Outlook       68

 

11.          ASIA PACIFIC MEDICAL COATINGS MARKET ANALYSIS AND OUTLOOK    69

Asia Pacific Medical Coatings Market Size Outlook            69

Asia Pacific Medical Coatings Market Trends and Opportunities  70

Antimicrobial Coatings dominate the Asia Pacific Medical Coatings Market            70

Medical Devices are the leading consumers of Medical Coatings in Asia Pacific    71

China dominates the Asia Pacific Medical Coatings slices Market                72

Market Outlook by Country        73

China Medical Coatings Market Size Outlook       73

India Medical Coatings Market Size Outlook        74

Japan Medical Coatings Market Size Outlook       75

Other Asia Pacific Medical Coatings Market Size Outlook               76

 

12.          LATIN AMERICA MEDICAL COATINGS MARKET ANALYSIS AND OUTLOOK              77

Latin America Medical Coatings Market Size Outlook       77

Latin America Medical Coatings Market Trends and Opportunities            78

Antimicrobial Coatings dominates the Latin American Medical Coatings Market  78

Medical Devices are the leading consumers of Medical Coatings in Latin America               79

Brazil dominates the Latin America Medical Coatings slices Market           80

Market Outlook by Country        81

Brazil Medical Coatings Market Size Outlook        81

Argentina Medical Coatings Market Size Outlook              82

Rest of Latin America Medical Coatings Market Size Outlook        83

 

13.          MIDDLE EAST AND AFRICA MEDICAL COATINGS MARKET ANALYSIS AND OUTLOOK         84

Middle East and Africa Medical Coatings Market Size Outlook     84

Middle East and Africa Medical Coatings Market Trends and Opportunities           85

Antimicrobial Coatings dominates the Middle East and Africa Medical Coatings Market   85

Medical Devices are the leading consumers of Medical Coatings in Middle East and Africa             86

Middle East dominates the MEA Medical Coatings slices Market                87

Market Outlook by Country        88

Middle East Medical Coatings Market Size Outlook           88

Africa Medical Coatings Market Size Outlook       89

 

14.          COMPETITIVE LANDSCAPE           90

Biocoat Incorporated     90

Hydromer Inc.   94

Surmodics Inc.   103

Precision Coatings Co., Inc.          111

Koninklijke DSM N.V.     116

 

15.          APPENDIX           123

About USD Analytics 123

Sources and Research Methodology       123

Copyright            124

 

Sample Request