Press release
Medical Coatings Market to Grow with 18.6% CAGR and Expected to Cross USD 28.10 billion by 2029 | Key Players - Hydromer, DSM, Surmodics, Biocoat, AST Products Inc, Covalon Technologies
Based on previous market performance, the Medical Coatings market is expected to reach USD 28.10 billion in size by 2028. With a 18.6% CAGR.Medical Coatings Market Overview:
Increased 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 ischaemic heart disease, chronic obstructive pulmonary disease, and acute lower respiratory infections in children due to rising pollution levels, are expected to fuel market growth in the coming years.
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The rise in the occurrence of hospital-acquired infections is driving the expansion of the medical device coating industry (HAI). For example, hospital acquired infections can spread through the use of infected devices, necessitating the use of medical device coating to avoid HAIs. As a result, medical device coatings with antimicrobial qualities might help reduce the spread of HAIs, boosting demand and propelling the market forward.
Based on our expert's analysis the players that are leading the market includes: Hydromer, DSM, Surmodics, Biocoat, AST Products Inc, Covalon Technologies, Freudenberg Medical, Merit Medical OEM, Harland Medical Systems Inc and Applied Medical Coatings. and Others.
The whole market is segmented as follows:
Global Market by Type, 2019-2028, (In USD Million)
Coating Type
Material Type
Global Market by Substrate Type, 2019-2028, (In USD Million)
Metals
Ceramics
Polymer
Composite
Glass
Global Market by Application, 2019-2028, (In USD Million)
Medical Devices
Medical Implants
Medical Equipment & Tools
Protective Clothing
Others
Industry Developments:
Amcor introduced the ACT2100 heat seal coating for medical-grade DuPont Tyvek2 and paper packaging in June 2021. This next-generation coating technology offers better performance features for healthcare applications, and it will be manufactured in a variety of locations across the world, giving clients more options for device manufacturing and packaging.
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Medical Coatings Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Medical Coatings Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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