Catheter Coatings Market Size Set for Exponential Growth, Predicted to Surpass USD 1.52 billion by 2026

Allied Market Research recently published a report, "Catheter Coatings Market by Type (Metal and Polymer), and Material (Hydrophilic Coatings, Drug-eluting Coatings, Anti-microbial Coatings and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032′′. According to the report, the global catheter coating industry size is projected to reach USD 1.52 billion by 2026, growing at a CAGR of 6.5% during the forecast period.

Catheters are medical instruments that comprise of thin tubes. They are used for diagnosis and therapeutic purposes in various medical procedures such as angioplasty, cardiac electrophysiology, and neurosurgery. Catheter coating plays vital role in catheterization. It offers a reduction in friction and decreases incidences of urinary tract infections & prevents biofilm formation. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends.

Top Catheter Coating Companies:-

• Braun Melsungen AG.
• Covalon OEM Technologies
• Biocoat Incorporated
• Hydromer
• Cuumed Catheter Medical Co., Ltd.
• Polyone Corporation
• LipoCoat BV
• Specialty Coating Systems Inc.
• Royal DSM.
• Surmodics, Inc.

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What are the factors driving the Catheter Coating Market?

Surge in prevalence of catheter-associated urinary tract infection and increase in usage of catheters among geriatric population have boosted the growth of the global catheter coating market. However, high costs of raw materials hamper the market growth. On the contrary, untapped potential of emerging markets is expected to open new opportunities for the market players in the coming years.

Global Catheter Coating Market Segmentation:-

By material, the polymer segment held the largest share in 2022, accounting for nearly three-fifths of the global catheter coating market. Moreover, this segment is expected to register the highest CAGR of 6.7% during the forecast period, owing to increase in usage of polymers for surface coatings of central, peripheral, and cardiac catheters. The report includes analysis of the metal segment.

By type, the hydrophilic coatings segment would manifest the highest CAGR of 7.3% during the forecast period. Moreover, the segment held the largest share in 2022, accounting for more than two-fifths of the global catheter coating market, owing to its high use as a coating material for lower-cost catheter devices. The report includes analysis of other segment such as drug-eluting coatings, anti-microbial coatings, and other.

The global catheter coating market across North America dominated the market in 2022, contributing to more than one-third of the market, owing to rise in geriatric population, favorable reimbursement rates, rise in prevalence of cardiovascular diseases (CVDs) even among the younger population, and innovative technology. However, the market across Asia-Pacific is expected to register the highest CAGR of 8.1% during the forecast period, due to presence of high population base, increase in awareness about urinary self-catheter, development in healthcare infrastructure, and rise in demand for intermittent catheters.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.