Global Medical Coatings Market Outlook to 2026

Medical devices need extra care to maintain its effectiveness and durability. The threats to these devices can be body fluids, moisture, and contamination, making the product not suitable for their respective functions. So, to protect them, coatings are applied, and these are called medical coatings. It offers relevant solutions for the majority of the substrates, including glass, plastics, rubber, etc. The medical devices which have medical coatings can be sterilized easily due to which it will have a good shelf life.

According to BlueQuark Research & Consulting, the global Medical Coatings market is expected to witness a significant growth rate during the forecast period. The ever-growing healthcare industry serves as the major driver for the medical coatings market. With the advancements in technology, invasive surgery methods are developing. They are less painful when compared to open surgeries. Even the surgery's accuracy rates are better than the open surgery techniques due to less complications while performing the surgery. To perform these invasive surgical methods, many lightweight medical devices are needed, such as Intravascular catheters, guidewires, etc, that can easily navigate through the body. So these devices need coatings in order to work effectively. However, the coatings are quite expensive and have substantial upfront costs due to existing patents in the market. This can hinder the growth of the market. Furthermore, the high cost of raw materials may restrict the growth.

On the basis of type, antimicrobial coatings is likely going to dominate the market. The prevention of bacteria growth on surfaces is of prime concern, and these coatings can improve hygiene in healthcare facilities. Due to the ongoing Covid-19 pandemic, extra care must be taken while carrying out duties in the hospital or clinics. This can serve as an opportunity for this segment.

Globally, the North American region is estimated to have the highest market share in Global medical coatings due to advancements in the healthcare industry. The United States has the largest medical device market in the world. The government spends huge amounts to ensure proper healthcare facilities are provided to its citizens. Moreover, the increasing demand for home healthcare can serve as an opportunity for the market in this region.

The global Medical Coatings market is partially fragmented. The major players in the global Medical Coatings market are AST Products Inc., Biocoat Incorporated, DSM, Hydromer Inc., Precision Coatings Company Inc., among others.

Global Medical Coatings Market report provides deep insight into the current and future state of the Medical Coatings market across various regions. The study comprehensively analyzes the Medical Coatings market by segmenting based on type (Antimicrobial Coating, Antithrombogenic Coating, Hydrophilic Coating & Other types), application (Medical Devices, Medical Equipment & Tools, Medical Implants, Protective Clothing & other applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.