When it comes to preserving various sorts of medical devices used in hospitals, medical device coating is critical. These coatings improve the performance and agility of medical devices while also protecting them from microbial and other disease assault. It also has outstanding dielectric characteristics, thermal stability, and dry-film lubricity, among other things. Increasing demand for hydrophilic lubricious coatings in several cardiovascular and urology catheters, sheaths, and short-term implanted devices as it induces biocompatibility, as well as rising occurrences of ischemic heart disease, chronic obstructive pulmonary disease, and acute lower respiratory infections in children due to rising pollution levels.
Covid-19 impact analysis
- The European Commission has approved a proposal to delay the Medical Devices Regulation's applicability date by one year. The European Commission recently adopted new harmonized standards to speed up the production of medical face masks, gloves, intravenous injection containers, sterilizing devices, and disinfectants, as well as change specific needs for emergency and critical care.
- In addition, the FDA has authorized Emergency Use Authorizations (EUA) for medical devices such as IVD test kits to diagnose COVID-19 and personal protective equipment (PPE) (gloves, gowns, and masks) to protect healthcare providers working with patients.
Top Impacting factors
Increasing government spending and the rising number of COVID-19 cases around the world will drive demand for ventilators, cardiovascular devices, catheters, sutures, guide wires, stents, syringes, mandrels, and other protective equipment used in the medical industry. The demand for minimally invasive operations has increased as the prevalence of arthritis, cancer, and cardiovascular disorders has increased, all of which require sophisticated surgical treatment. This has increased the demand for lightweight medical equipment that can navigate through complex procedures, such as intravascular catheters, guidewires, balloon angioplasty catheters, delivery sheaths, and implant delivery systems. These devices are routinely employed in the cerebrovascular, cardiovascular, and peripheral vascular systems during minimally invasive treatments. They frequently include hydrophilic and hydrophobic coatings to facilitate insertion into small circulatory regions while minimizing tissue injury. Medical coatings, as a result, play a significant role in increasing cost efficiency and reduced time consumption, and they are extremely attractive. Manufacturing medical coatings includes significant upfront and ongoing costs. There are a number of old or expired patents in this market, and medical coating developers can't make new coatings based on earlier patents to avoid paying royalties. As a consequence, in order to get access to outmoded technologies, upfront payments are required. This aspect is limiting the market's expansion.
Market Trends
New products launched
- Antimicrobial coatings are routinely used to cover walls, knobs, and counters in public facilities. Furthermore, rising outbreaks of diseases such as COVID 19 and SARS are anticipated to stimulate application due to rigorous requirements in the construction industry to decrease the danger of contact contamination, boosting antimicrobial coatings' market share.
- Hydromer and N8 Medical joined in the pandemic to offer coatings for the CeraShield endotracheal tubes. In the therapy of COVID-19 patients, these tubes are critical. This development demonstrates the company's strong involvement in the coatings business.
- These coatings aid in the prevention of the growth and transmission of bacteria and germs on medical instruments; antimicrobial coatings can improve hospital hygiene. Furthermore, antimicrobial coatings on counters eliminate the need for the active cleaning solutions commonly employed to clean health-care facilities.
- Coatings are required to adhere to a range of materials utilized within a device and can be required to cover the entire complicated structure or only portion of it. Surface treatment technologies and techniques are being developed by market players to keep up with advances to existing substrates as well as newly created substrates and polymers.
- Because of the complexity of medical devices, atomic layer deposition of a coating is required to generate a uniform layer in the device's targeted area. Nanotechnology, which allows for the deposition of many coating layers and aids in defect elimination and biocompatibility, is also required for advancements in medical device design.
Key Benefits of the Report
- This study presents the analytical depiction of the medical coatings industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the medical coatings market share.
- The current market is quantitatively analyzed to highlight the medical coatings market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed medical coatings market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the medical coatings Report
- Who are the leading market players active in the medical coatings market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is "medical coatings"?
- What does "medical coatings" allow organizations to achieve?
- Which technologies combine to make "medical coatings" a critical organizational asset?
- What is "medical coatings" Market prediction in the future?
- Who are the leading global players in the "medical coatings" Market?
- What are the current trends and predicted trends
Key Market Segments
- By Material
- By Coating type
- By Application
- Medical Devices
- Medical Implants
- Medical Equipment & Tools
- Protective Clothing
- Others
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- Surmodics Inc.
- Hydromer Inc
- Endura Coatings
- Koninklijke DSM NV
- Biocoat Inc.
- Merit Medical Systems Inc.,
- Harland Medical Systems Inc.,
- Precision Coating Co. Inc.,
- Materion Corp
- Freudenberg Medical LLC