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In 2022, the worldwide market for medical coatings was estimated to be worth $3.98 billion. The market is expected to increase at a CAGR of 10.8% between 2023 and 2030, from $4.27 billion to $8.20 billion. As a result of the extraordinary and catastrophic nature of the global COVID-19 epidemic, demand for medical coatings has been lower than expected across all regions when compared to levels seen prior to the pandemic.
Tier I and II companies including DSM, Hydromer, Surmodics, Biocoat, and AST Products populate the medical coatings market. These companies source from a wide geographic area, with factories in Asia, Europe, North America, South America, and the Middle East and Africa. Their businesses have also been affected by COVID-19. Hydromer and N8 Medical entered into a partnership in April 2020 in order to facilitate the supply of coatings for the production of CeraShield endotracheal tubes. The use of these tubes is vital in the care of patients with COVID-19. This growth is evidence of the firm's persistent participation in the coatings industry.
Recent technological advances and developments in coating processes have proven to be as crucial as medical equipment, especially given the inherent dangers of inserting any foreign material into a human body. The use of coatings in the medical field has exploded in recent years. These days, fresh coating techniques are being developed for the deposition of bioactive medicinal coatings, and these include the use of low-temperature atmospheric plasmas, laser treatments, and microblasting.
Healthcare-associated infections (HCAI), especially those caused by microorganisms resistant to antimicrobials, are, according to the World Health Organisation (WHO), the most frequently occurring adverse events in healthcare organisations. Coatings have benefited from numerous technological developments in recent decades, particularly in terms of production methods, material options, and application strategies. There has been a considerable increase in research and development operations to create various strategies to prevent the spread of infections as a direct response to the rising incidence of viral occurrences and contagious diseases.
One such development is the progress made in the field of anti-microbial and medicinal coatings. One of the most prominent tendencies manufacturers pursue is the incorporation of numerous components, materials, and production procedures to make their products long-lasting, safe, and non-toxic. For instance, TridAnt was introduced by a U.K.-based biomaterial technology supplying firm in April of 2022. To prevent the spread of disease and protect medical equipment from a wide variety of germs, a new coating technology called TridAnt has been created.
The home healthcare industry include both for-profit and nonprofit organisations that provide medical and non-medical homecare services, as well as individual households that hire carers directly. Emerging hospital-at-home programmes offer significant feasibility and help decrease the risk of hospital-acquired infection by facilitating hospital-level health management and assessment in the comfort of the patient's own home. Assistive technology and long-lasting medical equipment are essential for home healthcare. Healthcare product manufacturers and sellers have taken this into account and come up with a variety of options for patients to use in the comfort of their own homes. The home healthcare market is growing, and with it the demand for medical coatings, due to factors such as rising healthcare costs, changing consumer expectations, complex health and technology ecosystems, advanced digital technologies, data interoperability, shifting patient demographics, and novel care delivery models. Home care for lifestyle diseases is more efficient and effective now that portable gadgets like heart rate monitors, breathing assistance, and blood glucose monitors are readily available. The country's modern home healthcare services make it possible to provide high-quality medical treatment to patients in their own homes. Thanks to today's networking technologies, doctors may view patient records from anywhere and get instantaneous advice from colleagues.
Coatings are susceptible to delamination, distortion, drying out, and cracking. The production of particles can be reduced and adhesion and wear resistance improved with the help of a photochemical covalent link to the substrate provided by good surface chemistry. Plasma spraying, dipping, and spin coating are only few of the methods utilised for coating deposition. Deposition of bioactive coatings has also progressed to include the use of laser therapies, microblasting methods, and low-temperature atmospheric plasmas. UV radiation and solvents used in conjunction with other coating agents can damage water-based coatings. Coatings can sometimes take on new characteristics after being put to service. Coatings that last a long time are necessary for optimal performance, but they raise the price of raw materials. The short storage life of coatings is a major factor holding the business back right now.
Report Coverage
Global Medical Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Medical Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Medical Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Medical Coatings market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Medical Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Medical Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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.) among others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Medical Coatings market based on the below-mentioned segments:
Global Medical Coatings Market, By material type
Polymers
Metals
Others
Global Medical Coatings market, By Application
Medical Devices
Medical Implants
Medical Equipment & Tools
Protective Clothing
Others
Global Medical Coatings Market, By coating type
Active coatings
Passive coatings
Global Medical Coatings market, Regional Analysis
Tier I and II companies including DSM, Hydromer, Surmodics, Biocoat, and AST Products populate the medical coatings market. These companies source from a wide geographic area, with factories in Asia, Europe, North America, South America, and the Middle East and Africa. Their businesses have also been affected by COVID-19. Hydromer and N8 Medical entered into a partnership in April 2020 in order to facilitate the supply of coatings for the production of CeraShield endotracheal tubes. The use of these tubes is vital in the care of patients with COVID-19. This growth is evidence of the firm's persistent participation in the coatings industry.
Recent technological advances and developments in coating processes have proven to be as crucial as medical equipment, especially given the inherent dangers of inserting any foreign material into a human body. The use of coatings in the medical field has exploded in recent years. These days, fresh coating techniques are being developed for the deposition of bioactive medicinal coatings, and these include the use of low-temperature atmospheric plasmas, laser treatments, and microblasting.
Healthcare-associated infections (HCAI), especially those caused by microorganisms resistant to antimicrobials, are, according to the World Health Organisation (WHO), the most frequently occurring adverse events in healthcare organisations. Coatings have benefited from numerous technological developments in recent decades, particularly in terms of production methods, material options, and application strategies. There has been a considerable increase in research and development operations to create various strategies to prevent the spread of infections as a direct response to the rising incidence of viral occurrences and contagious diseases.
One such development is the progress made in the field of anti-microbial and medicinal coatings. One of the most prominent tendencies manufacturers pursue is the incorporation of numerous components, materials, and production procedures to make their products long-lasting, safe, and non-toxic. For instance, TridAnt was introduced by a U.K.-based biomaterial technology supplying firm in April of 2022. To prevent the spread of disease and protect medical equipment from a wide variety of germs, a new coating technology called TridAnt has been created.
The home healthcare industry include both for-profit and nonprofit organisations that provide medical and non-medical homecare services, as well as individual households that hire carers directly. Emerging hospital-at-home programmes offer significant feasibility and help decrease the risk of hospital-acquired infection by facilitating hospital-level health management and assessment in the comfort of the patient's own home. Assistive technology and long-lasting medical equipment are essential for home healthcare. Healthcare product manufacturers and sellers have taken this into account and come up with a variety of options for patients to use in the comfort of their own homes. The home healthcare market is growing, and with it the demand for medical coatings, due to factors such as rising healthcare costs, changing consumer expectations, complex health and technology ecosystems, advanced digital technologies, data interoperability, shifting patient demographics, and novel care delivery models. Home care for lifestyle diseases is more efficient and effective now that portable gadgets like heart rate monitors, breathing assistance, and blood glucose monitors are readily available. The country's modern home healthcare services make it possible to provide high-quality medical treatment to patients in their own homes. Thanks to today's networking technologies, doctors may view patient records from anywhere and get instantaneous advice from colleagues.
Coatings are susceptible to delamination, distortion, drying out, and cracking. The production of particles can be reduced and adhesion and wear resistance improved with the help of a photochemical covalent link to the substrate provided by good surface chemistry. Plasma spraying, dipping, and spin coating are only few of the methods utilised for coating deposition. Deposition of bioactive coatings has also progressed to include the use of laser therapies, microblasting methods, and low-temperature atmospheric plasmas. UV radiation and solvents used in conjunction with other coating agents can damage water-based coatings. Coatings can sometimes take on new characteristics after being put to service. Coatings that last a long time are necessary for optimal performance, but they raise the price of raw materials. The short storage life of coatings is a major factor holding the business back right now.
Report Coverage
Global Medical Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Medical Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Medical Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Medical Coatings market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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.) among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Medical Coatings Market from 2021 to 2030.
- Market Forecast for Medical Coatings Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Medical Coatings competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Medical Coatings
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Medical Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Medical Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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.) among others.
Primary Target Market
- Market Players of Medical Coatings
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Medical Coatings market based on the below-mentioned segments:
Global Medical Coatings Market, By material type
Polymers
Metals
Others
Global Medical Coatings market, By Application
Medical Devices
Medical Implants
Medical Equipment & Tools
Protective Clothing
Others
Global Medical Coatings Market, By coating type
Active coatings
Passive coatings
Global Medical Coatings market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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