Medical Device Coating Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The global Medical Device Coating Market size is projected to reach a CAGR of 19.4% from 2023-2030.
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Medical device coatings (MDCs) are substances that enhance the mobility and performance of a medical device. MDCs are utilized to prevent surfaces of several medical devices, such as dentistry, neurology, and others. Their use results in proper sanitation, corrosion resistance and biocompatibility. Their use reduces thrombogenicity, allergic reactions and trauma to blood vessels. In addition, medical device coatings exhibit different types of properties such as these coatings can be hydrophilic or hydrophobic in nature.
Furthermore, these coatings are used for various kinds of medical devices such as general surgery devices, cardiovascular devices, orthopaedic devices, dental implants, neurology devices, gynaecology devices and others.
Delvens Industry Expert's Standpoint
The medical device coating market is witnessing significant growth and is expected to continue its upward trajectory in the coming years. The increasing demand for medical devices with advanced functionalities, coupled with the rising prevalence of chronic diseases and the growing geriatric population, is driving the demand for innovative and reliable medical device coatings. Additionally, technological advancements in coating materials and manufacturing processes are enabling the development of advanced coatings with enhanced properties such as biocompatibility, anti-microbial properties, and improved durability.
Competitive Landscape
· AST Products, Inc.
· Bayer Ag
· Biocoat Incorporated
· Covalon Technologies Ltd.
· Harland Medical Services
· Hydromer Inc
· Kisco Ltd.
· Precision Coating
· Surmodics Inc.
· Royal DSM
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Regional Analysis
North America to Dominate the Market
North America dominated the market for medical device coating with the largest revenue share.
This is attributed to favourable healthcare resources, along with the rising frequency of cardiometabolic disorders, such as Pulmonary Embolism (PE) and Deep Vein Thrombosis (DVT). Moreover, the high adoption of advanced surgical treatments, and rising healthcare infrastructure in the U.S. are expected to boost the demand for medical device coating in the coming years.
Recent Developments:
April 2022- Biocoat Inc., a manufacturer of hydrophilic biomaterials coatings and coating equipment for medical devices, announced its expansion into hydrophilic dip coatings. The company is set to design, develop, and deliver the dip coating technology to coat medical devices.
March 2022 - DSM Biomedical, a global player in biomaterials, and Svelte Medical Systems, a highly deliverable balloon expandable stents manufacturer, collaborated for the development of DISCREET Bioresorbable Coating Technology used with SLENDER IDS and DIRECT RX Bioresorbable Coated Drug-Eluting Stent (DES) Systems.
Reasons to Acquire
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Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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In addition to the market data for Medical Device Coating Market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.
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