Hydrophilic Coatings Market Research Report 2020 | Top key Players - Aculon, Koninklijke DSM, Surmodics, Surface Solution Group, Telefax Inc. and BioInteractions Inc

Steady growth of the medical sector with the rising need for surgeries has had a positive impact on hydrophilic coatings market outlook over the years. Hydrophilic molecules are essentially ionic and polar which helps in making them abrasion-resistant, lubricious and non-thrombogenic as well as biocompatible.

Hydrophilic coatings are capable of making polymer devices vulnerable to fluids and creating a covalent bond which further creates water-attracting surfaces. They exhibit strong water-retention and lubricity characteristics and might have a certain chemical interaction with water that gives rise to hydrogel materials displaying extremely low co-efficient of friction.

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Hydrophilic coatings have a wide range of applications across the medical sector as well as has begun witnessing increasing demands from the automotive applications and various others associated with surfaces in contact with water.

Top key Players -

o Aculon
o Koninklijke DSM
o Surmodics
o Surface Solution Group
o Telefax Inc.
o BioInteractions Inc

There have been major research and development activities in both coatings and medical device industries to gauge the number of instruments that will be coated for further uses. Areas like fertility, respiratory care, endoscopic and contraception will be adopting hydrophilic coatings and propelling hydrophilic coatings market share in the near future.

Medical sector can be a key area for the use of hydrophilic coatings for medical devices as its water-loving feature has been considered as an ideal option for coating solutions for medical equipment, specifically surgical tools. These items tend to come in contact with tissues and body fluids regularly and with hydrophilic coatings over these instruments, there will be lesser friction on the skin.

Catheter guide wires are the most common surgical instrument that has hydrophilic coatings used as it helps prevent stick-slip when the instrument causes friction in arteries or veins capable of killing the patients. It is also very useful when applied to other instruments like shunts, endoscopes, needles, introducers and tubes, among many others.

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Heart diseases have been known to be the leading causes of death across the United States with an average of one person dying every 37 seconds due to cardiovascular issues. It has been estimated that around 647,000 people in America die of heart diseases each year. Rising incidences for heart diseases have led to a large number of the population opting for heart surgeries.

The growth of surgical procedures over time using catheter guidewires will be proving beneficial for hydrophilic coatings industry in the coming years. With a steady increase in the prevalence of chronic diseases, there will be a higher use of surgical instruments, encouraging the adoption of hydrophilic coating technologies.

Major healthcare firms along with the governments of developing countries have been making significant investments into the healthcare sector to provide enhanced equipment and effective services to the rising number of patients. China has an increasing number of older population that may be needing major healthcare services or even surgical procedures owing to higher risks of heart and respiratory diseases.

China has been attracting a significant number of investments into its healthcare sector, with an increase in funding of 78.64% y-o-y to USD 12.2 billion in the year 2018, creating a positive growth scenario for hydrophilic coatings industry players in the forthcoming years.

There have been various initiatives taken by industry players in making innovative enhancements in hydrophilic coatings that have encouraged its applications across the medical sector. Several medical devices and coatings manufacturers will be coerced to collaborate in the near future on account of FDA laying more focus on medical device coatings, impacting hydrophilic coatings industry trends.

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This release was published on openPR.