Global Medical Coating Market is expected to foresee significant growth. North America to lead the growth!
Global Medical coating market is expected to grow at a CAGR of 8% over the period of 2021-2027. Medical devices require special care to maintain their effectiveness and durability. The dangers of these devices include body fluids, moisture, and contamination, which can make the product unsuitable for its function. To protect them, a coating called a medical coating is applied. It offers relevant solutions for the majority of the substrates such as glass, plastic, and rubber. Medical devices with a medical-grade coating are more durable because they can be easily sterilized.
The global growth of the medical coating market is due to increased awareness and investment by leading industry players in the development of new measures to prevent the transmission of various microorganisms and viruses. The market is growing rapidly due to the COVID 19 pandemic, and demand for these coatings is increasing in a variety of areas, including healthcare. In addition, there is increasing awareness regarding the maintenance of hygiene in various medical and healthcare settings due to the rapid increase in the incidence of Health Care-Associated Infections. (HAI) is also adding to the pace of the medical coating market. For example, nearly 1.7 million people develop infections each year during hospital stays, and nearly 98,987 people in the United States die each year from hospital-acquired infections.
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Based on coating type, the market is classified into active coatings and passive coatings. Amongst coating types, the passive coatings category accounted for a significant share of the market. These coatings have properties such as lubricity, durability, and low friction coefficient contributing to the growth of the market.
Based on application, the market is categorized into medical devices, medical implants, medical equipment and tools, protective clothing, and others. Among these, the medical devices are expected to witness the highest CAGR during the forecast period. The pandemic has increased the demand for medical devices, such as catheters, guidewires, and endotracheal tubes which contribute to the growth of the market.
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For a better understanding of the market adoption of the medical coating market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the medical coating industry in 2020 owing to the presence of well-established market players and the rising geriatric population in the region.
Some of the major players operating in the market include Applied Medical Coatings, LLC., Dymax Corporation, Royal DSM, Abbott Laboratories, Biocoat Inc., AeonClad, Bayer Material Science LLC, Boston Scientific Corporation, Covalon Technologies Ltd., Amcor.
Global Medical Coating Market Segmentation
Market Insight, by Coating Types
- Active Coatings
- Passive Coatings
Market Insight, by Material Type
Market Insight, by Application
- Medical Devices
- Medical Implants
- Medical Equipment and tools
- Protective Clothing
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Applied Medical Coatings, LLC.
- Dymax Corporation
- Royal DSM
- Abbott Laboratories
- Biocoat Inc.
- Bayer Material Science LLC
- Boston Scientific Corporation
- Covalon Technologies Ltd.