Medical Coatings Market Demand, Analysis, Size, Share And Forecast Report 2024 To 2033

"The Business Research Company recently released a comprehensive report on the Global Medical Coatings Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The medical coatings market size has grown exponentially in recent years. It will grow from $8.65 billion in 2023 to $10.5 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth in the historic period can be attributed to infection prevention, biocompatibility, advanced drug delivery, performance enhancement, regulatory compliance:.

The medical coatings market size is expected to see exponential growth in the next few years. It will grow to $23.01 billion in 2028 at a compound annual growth rate (CAGR) of 21.7%. The growth in the forecast period can be attributed to nanotechnology advancements, minimally invasive surgery, remote monitoring, personalized medicine, biodegradable solutions. Major trends in the forecast period include antimicrobial coatings, drug-eluting coatings, biocompatible coatings, hydrophilic coatings, anti-adhesion coatings:
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Market Drivers and Trends:

Rising occurrences of ischemic heart disease and chronic obstructive pulmonary disease are expected to propel the growth of the medical coatings market going forward. Ischemic heart disease refers to heart issues brought on by constricted heart arteries. Little blood and oxygen reach the heart muscle when arteries are narrow. Medical coatings are used to enhance various kinds of medical devices, such as general surgery devices and cardiovascular devices, to make them durable and prevent corrosion. For instance, in March 2023, according to the Centers for Disease Control and Prevention, a US-based national public health agency, stroke deaths increased from 38.8 per 100,000 people in 2020 to 41.1 per 100,000 people in 2021. In the United States, there are more than 795,000 strokes per year. Of these, 610,000 are first-time strokes. And ischemic strokes, in which the flow of blood to the brain is impeded, account for around 87% of all strokes. Therefore, rising occurrences of ischemic heart disease and chronic obstructive pulmonary disease are driving the growth of the medical coatings market.

Product innovations are a key trend gaining popularity in the medical coatings market. Major companies operating in the medical coatings market are focused on developing new product innovations to strengthen their position. For instance, in April 2022, Harland Medical Systems, Inc., a US-based provider of medical device coatings and equipment services to healthcare product manufacturers, launched the CTS1100 Coating Thickness Testing System. As a testing system, the CTS1100 will allow medical device manufacturers to accurately and easily measure the coating thickness on their devices. The CTS1100 can conduct an automated dry-out test, which makes laborious testing simple. The product has unique features such as a real-time precision micrometer that can continually measure a sample's diameter and calculate the dry-out time by using the device's critical dry-out diameter.

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Major Key Players of the Market:

Allvivo Vascular Inc., AST Products Inc., Biocoat Incorporated, Coatings2Go LLC, Covalon Technologies Ltd., Harland Medical Systems Inc., Hemoteq AG, Medicoat AG, Merit Medical Systems Inc., AeonClad Coatings LLC, Applied Medical Coatings LLC, Applied Membrane Technology Inc., Calico Coatings, Carmeda AB, Freudenberg Medical LLC, Hydromer Inc., Kisco Ltd., Materion Corp., DSM Biomedical B.V., Surmodics Medical Ltd., Precision Coating Company, BioInteractions Ltd., Sono-Tek Corporation, Specialty Coating Systems Inc., Biomerics LLC, EuroMed Inc., Innovative Surface Technologies, N2 Biomedical, Orchid Orthopedic Solutions, Plasma Coatings

Medical Coatings Market 2024 Key Insights:

• The medical coatings market size is expected to see exponential growth in the next few years. It will grow to $23.01 billion in 2028 at a compound annual growth rate (CAGR) of 21.7%.
• Rising Incidences Of Ischemic Heart Disease And Chronic Obstructive Pulmonary Disease Driving Growth Of Medical Coatings Market
• Innovative Product Developments Drive The Medical Coatings Market
• North America was the largest region in the medical coatings market in 2023

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