Medical Coatings
Market
The increase in disposable income in developing
regions, a growing percentage of the senior population, and are all
contributing towards the development of the global medical coatings market. In
addition, the growing need for minimally invasive surgical treatments is
expected to propel the global medical
coatings market forward.
Doctors make use of a number of procedures in
minimally invasive surgery to operate with minimal injuries to the body than
open surgery. There is less discomfort, fewer problems, and a shorter hospital
stay with minimally invasive surgery. When compared to typical open surgical
approaches, this form of surgery has several advantages. It also has a greater
accuracy rate than traditional open surgery in many circumstances. Less
invasive medical methods are becoming more important than traditional surgical
treatments. The need for minimally invasive operations has grown as the
prevalence of arthritis, cancer, and cardiovascular disorders has grown, all of
which need sophisticated surgical treatment. This has increased the demand for
lightweight medical gadgets that can traverse through complicated and delicate
human structures, such as delivery sheaths, balloon angioplasty catheters,
guidewires, intravascular catheters, and implant delivery systems. All these
factors are likely to foster growth of the global medical coatings market in
near future.
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To be effective and work efficiently, medical
devices and electronic components require protection. Moisture, water content,
and bodily fluids are a few elements that can contaminate lifesaving devices
and render them useless. Medical coatings and products provide ideal solutions
for most types of substrates, which include plastics, glass, metals, silicone,
rubber, and ceramics. Medical devices and components with medical coatings can
be sterilized. Due to recent technological advancements, devices and components
can be coated with physio-mechnaical coatings, which provide protection against
moistness, act as an electrical barrier, and possess favorable chemical
properties. The coatings also provide protection against tribological
(lubricous) properties. The impairment of the mucosal lining has also led to
the evolution of antimicrobial coatings, which provide protection against
microbial function. Nowadays, medical coatings are routinely used to improve
the performance of devices and offer better product surface function.
Additionally, medical coatings help in reducing friction between devices and
tissues and provide support in surface coverage and overall homogeneity. Nearly
all medical devices require non-stick coatings over molded electrical
insulation and biocompatible and other finishes.
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The global medical coatings market is expected to
expand significantly in the coming years. This is due to their prominent use in
guide wires, catheters, syringes, hypo tubes, stents, mandrels, and sutures.
The rising demand for coatings for lifesaving instruments and devices from the
medical and health care industry is anticipated to increase the usage of
medical coatings products. Additionally, an increase in demand for durable
lifesaving devices from developing economies in Latin America and Asia Pacific,
such as India, China, and Brazil, is expected to increase the adoption of medical
coatings products. However, the threat of substitutes, product aging, inferior
quality clone products, low shelf life, and increase in costs are estimated to
hinder the market in the near future. Moreover, changes in government
regulations and policies for medical devices in different countries are
projected to hamper the global medical device coatings market.
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The global medical coatings market can be segmented
by type, application, and region. In terms of type, the market can be divided
into antimicrobial & hydrophilic coatings and lubricants. Hydrophilic
coatings are extensively used on medical products such as introducer sheaths
catheters and guide wires to reduce friction. The demand for hydrophilic
coatings is projected to be high in the coming years due to advantages of the
material such as low friction coefficient, lubricity, and durability. Based on
application, the medical coatings market can be categorized into implants,
medical devices, medical equipment and tools, and others. The medical devices
segment is expected to dominate the market due to rise in demand for health
care products.
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In terms of region, the global medical coatings
market can be classified into North America, Europe, Latin America, Asia
Pacific, and Middle East & Africa (MEA). North America is expected to
dominate the global medical coatings market. It is likely to be followed by
Europe and Asia Pacific. The market in Asia Pacific is projected to expand at a
rapid pace in the coming years. The market in the region is projected to be
driven by an expansion in the medical industry, rise in the geriatric
population, rise in disposable income, unmet demand for products, and increase
in investments in the health care sector by government and private bodies. The
global medical coatings market is expanding rapidly due to the presence of
large and medium medical equipment and pharmaceutical manufacturing
companies.
Some of the key players in the global medical
coating market are the Specialty Coating Systems Inc., DECC Company, Precision
Coating Co., Inc. Hangzhou Kangsheng Medical Equipments Co., Ltd., Abbott
Laboratories , Biocoat Yangzhou Fuda Medical Devices Co., Ltd., SurModics, ,
Endura Coatings Ltd , Donwell Company, Inc., Harland Medical Systems , Merit
Medical Systems, Inc, and Applied Medical Coatings, LLC..
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