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Medical Coatings Market | Key players operating in the market include DSM, Hydromer, Surmodics, Biocoat, AST Products

11-11-2021 11:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

medical coating market

medical coating market

According to recent market research "Medical Coatings Market by Coating Type (Active, Passive), Material Type (Polymers, Metals), Application (Medical Devices, Medical Implants, Medical Equipment & Tools, Protective Clothing), And Region – Global Forecast To 2025", The global medical coatings market size is expected to grow from USD 6.0 billion in 2020 to USD 15.2 billion by 2025, at a CAGR of 20.5% during the forecast period. The major factor driving the medical coatings market is the increase in rising income levels in emerging economies, a growing percentage of the geriatric population, and increasing use of home healthcare facilities are the other major drivers for the market.

Browse 101 market data Tables and 39 Figures spread through 192 Pages and in-depth TOC on "Medical Coatings Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/medical-coatings-market-76047356.html

The passive coatings segment accounts for the largest share of the overall market. Hydrophilic coatings are widely used on guidewires, catheters, and introducer sheaths to lower friction coefficient. These coatings have properties such as lubricity, durability, low friction coefficient, and low particulate count. Hydrophobic coatings are water- or fluid-repellent and hence suitable for medical equipment. Minimal invasion and easy insertion of medical devices in biological openings offered by the hydrophilic coatings and excellent water repellent properties exhibited by the hydrophobic coatings are responsible for the large market size of passive medial coatings.

Polymer-based medical coatings are used in medical devices, medical equipment & tools, protective clothing, and medical implants. They are necessary to optimize durability and corrosion resistance while minimizing the coefficient of friction. Major subtypes of polymer coatings used on medical devices, medical implants, and other applications are fluoropolymers, silicone, parylene, and polyurethanes. Easy availability, low cost, optimum performance, multifunctionality, and low particulate technology are boosting the polymer-based medical coatings market.

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The global medical coatings market size is projected to grow from USD 6.0 billion in 2020 to USD 15.2 billion by 2025, at a CAGR of 20.5% during the forecast period. The major factors driving the market are the rising income levels in emerging economies, a growing percentage of the geriatric population, and the increasing use of home healthcare facilities.

The major players in the medical coatings market include DSM (Netherlands), Hydromer (US), Surmodics (US), Biocoat (US), AST Products (US), Covalon Technologies (Canada), Harland Medical Systems (US), Applied Medical Coatings (US), Freudenberg (US), and Merit Medical OEM (US). These players have adopted various growth strategies to expand their presence in the market further. New product launch, agreement & collaboration, merger & acquisition, partnership, and investment & expansion have been the leading strategies adopted by the major players in the last five years to strengthen their competitiveness and broaden their customer base in the global medical coatings market.

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Hydromer is the largest player operating in the medical coatings market. The company offers a wide range of medical coatings for various applications, such as stents, dental implants, orthopedic devices, tunneling catheter fixation, pacemaker fixation, ocular catheter fixation, and other medical device applications. The company has adopted partnership, agreement, and investment & expansion strategies to broaden its product portfolio and maintain its position in the market.

DSM is one of the largest producers of medical coatings in the world. The company offers a wide range of medical coatings. It has a portfolio that suits various medical device applications such as introducer sheaths, guidewires, access systems, guiding catheters, diagnostic catheters, balloon catheters, thrombectomy devices, aspiration catheters, neurovascular catheters, stent delivery systems, stent-graft delivery systems, heart valve delivery systems, foley catheters, and intermittent catheters. In recent years, DSM has adopted partnership as a key business strategy to strengthen its position in the market and maintain its leading position in the medical coatings market.

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