Published: February 2024
According to a recently published report by Roots Analysis, the growing preference for medical devices with antimicrobial coating drives the medical device coating market.
The global medical device coating market is anticipated to grow at a CAGR of 7.7% from 2023-2035, reaching USD 18.3 billion by 2035.
Medical coating adds a hard surface to the devices to protect them from abrasions, chipping, and scratching. The healthcare industry utilizes a wide range of metal equipment, instruments, and tools to perform surgeries. These devices have to be coated with an additional layer of antimicrobial material for absolute sterilization and long shelf life. Owing to the growing requirement for medical devices such as implants, surgical instruments, catheters, and other invasive devices, medical device coating players emphasize innovation to enhance the biocompatibility of the devices. Notably, multiple types of medical device coatings have been developed by key market players that can accommodate the multifunctionality of these medical devices. In addition, several surface modification technologies have been developed to improve the physicochemical properties of medical devices. Driven by the ongoing research on medical device coating to enhance its biocompatibility, it is anticipated that the market will grow during the forecast period.
The 213 pages report contained detailed Table of Contents on "medical device coating market," type of medical device coated type of medical device coating material, company size, and global forecast, 2023-2035" here: https://www.rootsanalysis.com/reports/medical-device-coatings-market.html
Several drivers have contributed to the growth of the medical coating market in the upcoming years. Some of the significant growth factors include rising demand for medical devices with special antimicrobial coating. Additionally, the increasing prevalence of chronic diseases such as cardiovascular diseases and orthopedic conditions has led to a surge in demand for higher medical devices with advanced coating to treat disease conditions is also driving the market. The advancements in coating technologies, such as drug-eluting coating and bioactive coatings, are anticipated to bring innovation in this field, which is anticipated to expand the market during the forecast period. Moreover, the growing focus on the prevention of infection during surgical treatment and implantation of medical devices is also propelling the growth in this field.
Several market restraining factors that are impeding its growth include the low shelf life of medical coating material and complex regulatory guidelines. Further, medical coating devices can delaminate, deform, and desiccate with time or when exposed to the ultraviolet rays of the sun. Hence, concern regarding the long-term durability of medical coating material may hinder the growth of the market during the forecast period. Additionally, the coating of medical devices is a tedious process; ensuring uniform application, durability, and stability can be a daunting task.
Several factors that are attributed to the growth of this field include growing preferences for medical devices with antimicrobial properties. Additionally, the increasing advancement in nanotechnology played an essential role in the development of medical coating for surgical instruments and implantable medical devices for the enhancement of biocompatibility. The ongoing collaborations between key market players and medical device manufacturers for the development of novel coating technologies to address healthcare challenges are driving the market during the forecast period. The growing focus on nano coating will likely drive the market during the forecast period.
Medical Device Coating Market Segments
The market report also includes a detailed profile of key players (listed below) that are engaged in the medical device coating market, including:
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