Medical Coating Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Coating Type (Antimicrobial Coating, Lubricant Coating, Hydrophilic Surface Coatings, Drug Eluting Coating, Others), By Material Type (Polymers, Ceramic, Metals (Silver, Titanium, Others), Others), By Technology (Spray Coating, Pulsed Laser Deposition (PLD), Inkjet Printing, Chemical Vapor Deposition, Spatter Coating), By Application (Medical Device & Instruments, Implants, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Jun 2022 Report Code: KSI061613922 Pages: 124

The medical coating market is projected to grow at a CAGR of 8.68% to reach US$21.37 billion in 2027, up from US$11.930 billion in 2020.

There has been a growing focus on improving the functionality, performance, and durability of medical devices that aid in designing effective treatment mechanisms for patients. The importance of coating cannot be understated as it mitigates the potential risk of putting foreign objects inside a human body while also improving the body’s acceptance of external articles. The rising applications of implants are driving the medical coating market. Simultaneously, extensive investment in research has been made over the last couple of years, which has provided breakthroughs in offering different coating technologies, driving down the cost. In fact, the ability to have bioactive material in a device’s coating has improved over time, leading to better bodily responses to different medical situations.

RISING BURDEN OF CHRONIC DISEASES

One of the key factors complementing the demand for medical coatings is the constantly growing prevalence of chronic diseases globally. The burden of chronic diseases is significantly increasing in both developed and developing economies around the globe. As per the data from the World Health Organization, the burden of non-communicable diseases is anticipated to reach 57% by the year 2020, up from 41% in the year 2001. Out of all the chronic diseases, cardiovascular diseases contribute almost half of the chronic disease burden. Obesity and diabetes are also showing worrying trends because the fact that they have started occurring in the earlier stages of life. This is due to the adoption of unhealthy living conditions, which include unhealthy dietary conditions, and physical inactivity affecting a considerably large proportion of the population worldwide. Therefore, an increase in the prevalence of chronic diseases is further driving the various medical procedures due to the increased demand for early detection and treatment of diseases. This, in turn, is also propelling the revenue generation opportunity for medical coating solutions and services providers, which is playing a significant role in shaping the market growth. Also, there is a significant increase in the geriatric population throughout the globe, which is also anticipated to positively impact the market growth as aged people are more susceptible to chronic diseases. In addition, there has been a rise in the geriatric population across the globe. According to the data by the World Bank, the population over the age of 65 has seen a steady increase and reached 9.10% of the total population in 2019 from 7.57% in 2010. The geriatric population has also been observed to be the most common age group to be affected by chronic diseases.

The number of surgeries is soaring at the global level; hence, this is projected to drive the market demand over the next five years. One of the examples includes the growing number of plastic or cosmetic surgeries at the global level.  This includes the increasing number of surgical procedures during the time period 2017 to 2018. As per the International Society of Aesthetic Plastic Surgery, 2018 growth statistics, the breast augmentation surgical procedure in 2018 rose by 6.1% from the previous year, attaining a size of 1,862,506; liposuction accounted for a size of 1,732,620 which grew by 9.2% from 2017, and abdominoplasty surgical procedures grew by 9.7% from 2017 to attain a size of 888,712 in 2018. Additionally, the growing number of cataract surgeries is further contributing to a surge in the market growth in the forecast period.

As per the WHO estimates, close to 1.35 million people die every year due to road traffic accidents. These injuries are reported to be the leading cause of death for children and young adults aged between 5 and  29 years of age. Road traffic accidents cost around 3% of countries’ GDP. It has been estimated that over 50% of all road traffic accident deaths occur among pedestrians, cyclists, and motorcyclists. Additionally, more than 90% of the global fatalities on roads take place in low and middle-income nations. In the developed regions of the world, individuals from lower socioeconomic status are prone to road traffic accidents. Furthermore, the number of non-fatal traffic injuries is also growing and providing, leading to an increasing number of surgical procedures being performed. According to the WHO, around 20 to 50 million people suffer from non-fatal road traffic injuries, resulting in disability due to injury.

Moreover, surgical care plays an essential role where the growing population of the world requires facility-based treatment for acute and chronic disease states. It has been observed that the movement towards accessing universal healthcare will fail to attain its sustainable development goals without including surgical services. Hence, with the growing surgical need, which may vary from region to region, and according to the disease prevalence, the market for medical coating holds strong growth prospects in the forecast period.

REGIONAL VIEW

The United States and China are estimated to be the two most significant markets primarily on account of the developed healthcare infrastructure and a significant push from the government to expand healthcare services, even in the underdeveloped regions of the countries. Simultaneously, the anticipated increase in the number of healthcare facilities is projected to drive the demand for these devices in India. The rising medical tourism in the Middle East and Africa is anticipated to provide good revenue generation opportunities while Japan and the European region are projected to grow at a relatively stable pace during the course of the forecast period.

China has made significant progress over the years in improving access to healthcare services for a large proportion of its population. This is indicative of the fact that more than 95% of the population has been covered under healthcare insurance  Moreover, in 2016, the government of China announced the Health China 2030 blueprint that is based on the principle of prioritizing health, supporting innovation and scientific development, and boosting healthcare services in the rural regions of the country.

Moreover, the number of hospitals in the country has increased at a CAGR of 5.87% from 20,918 units in 2010 to 33,009 units in 2018 (Source: National Bureau of Statistics of China), with Hebei, Jiangsu, Shandong, Henan, Hunan, Guangdong, and Sichuan cumulatively constituting 41.85%. The developing healthcare infrastructure is providing an opportunity for ultrasound manufacturers to generate higher revenues.

The growing ageing population in Europe is leading to rising trends in healthcare concerns in the region. In fact, the number of medical consultations per inhabitant has increased steadily over the years, thus driving the growing demand for effective medical solutions. Simultaneously, the number of minimally invasive procedures performed in the region has been growing rapidly recently. Thus, the ageing population along with the increasing number of minimally invasive procedures performed per year is anticipated to drive the medical coating market in Europe. In fact, healthcare expenditure in Germany is high globally, with per capita healthcare expenditure improving over the years. Moreover, Germany spends the highest proportion of GDP on healthcare as compared to other countries in the European Union (source: Eurostat). Furthermore, the country has witnessed a slight increase in the epidemiology of infectious diseases recently,  making Germany the primary originator of demand in Europe.

COVID-19 Impact:

COVID-19 had a negative overall influence on the medical device coating market. In the first half of 2020, the COVID-19 phase saw a significant reduction in medical device makers. Additionally, supply networks were harmed, resulting in a detrimental impact. Elective surgical procedures were either postponed or cancelled, resulting in lower demand for implants and other medical devices. As a result, there was less demand for medical equipment, which resulted in less need for medical device coatings. As a result, the aforementioned factors contributed to the negative influence on the medical device coating industry.

Key developments:

  • Canadian start-up TriPhyll provides antibacterial surface coatings made using bionanotechnology. The Medical Device Antimicrobial & Antiaggregration Coating (MAAC) platform functionalizes nanoparticles and combines them into a polymer matrix to create a hydrophobic nanocomposite coating that prevents microbial film formation and extends the shelf life of collected blood samples.
  • LipoCoat is a Dutch company that makes bio-inspired coatings for medical equipment such as contact lenses, implants, and catheters. The coating is hydrophilic, has anti-fouling qualities, and is environmentally friendly. It has a thickness of 5 nanometers and replicates the bilipid layer of a cell membrane, improving stability via regeneration.
  • Hydromer and N8 Medical joined in April 2020 to supply coatings for the CeraShield endotracheal tubes. In the therapy of COVID-19 patients, these tubes are critical. This development demonstrates the company's aggressive participation in the coatings sector.

Medical Coating Market Scope:

Report Metric Details
 Market size value in 2020  US$11.930 billion
 Market size value in 2027  US$21.37 billion
 Growth Rate  CAGR of 8.68% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Coating Type, Material Type, Technology, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Endura® Coatings, DSM, Hydromer, Precision Coating Company, Inc., Surmodics,   Inc., Specialty Coating Systems, Inc., Biocoat Incorporated, Applied Medical   Coatings,  Miller-Stephenson, Inc., Materion Corporation, Fredudenberg Medical,   Medicoat AG
 Customization scope  Free report customization with purchase

 

MARKET SEGMENTATION

  • By Coating Type
    • Antimicrobial Coating
    • Lubricant Coating
    • Hydrophilic Surface Coatings
    • Drug Eluting Coating
    • Others
  • By Material Type
    • Polymers
    • Ceramic
    • Metals
      • Silver
      • Titanium
      • Others
    • Others
  • By Technology
    • Spray Coating
    • Pulsed Laser Deposition (PLD)
    • Inkjet Printing
    • Chemical Vapor Deposition
    • Spatter Coating
  • By Application
    • Medical Device & Instruments
    • Medical Implants
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • United Arab Emirates
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the medical coating market size by 2027?
A1. The medical coating market is projected to reach a total market size of US$21.37 billion in 2027.


Q2. What are the growth prospects for the medical coating market?
A2. The global medical coating market is projected to grow at a CAGR of 8.68% during the forecast period.


Q3. What is the size of the global medical coating market?
A3. Medical Coating Market was valued at US$11.930 billion in 2020.


Q4. How is the global medical coating market segmented?
A4. The medical coating market has been segmented based on coating type, material type, technology, application, and geography.


Q5. What factors are anticipated to drive the medical coating market growth?
A5. One of the key factors complementing the demand for medical coating is the constantly growing prevalence of chronic diseases globally. 

1. INTRODUCTION
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Defination
1.4. Market Segmentation

2. RESEARCH METHODOLOGY  
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis

5. MEDICAL COATING MARKET, BY COATING TYPE
5.1. Introduction
5.2. Antimicrobial Coating
5.3. Lubricant Coating
5.4. Hydrophilic Surface Coatings
5.5. Drug Eluting Coating
5.6. Others

6. MEDICAL COATING MARKET, BY MATERIAL TYPE
6.1. Polymers
6.2. Ceramic
6.3. Metals
6.3.1. Silver
6.3.2. Titanium
6.3.3. Others
6.4. Others

7. MEDICAL COATING MARKET, BY TECHNOLOGY
7.1. Introduction
7.2. Spray Coating
7.3. Pulsed Laser Deposition (PLD)
7.4. Inkjet Printing
7.5. Chemical Vapor Deposition
7.6. Spatter Coating

8. MEDICAL COATING MARKET, BY APPLICATION
8.1. Intoduction
8.2. Medical Device & Instruments
8.3. Medical Implants
8.4. Others

9. MEDICAL COATING MARKET, BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. North America Medical Coating Market, by Coating Type
9.2.2. North America Medical Coating Market, by Material Type
9.2.3. North America Medical Coating Market, by Technology
9.2.4. North America Medical Coating Market, by Application
9.2.5. North America Medical Coating Market, by Country
9.2.5.1. The United States
9.2.5.2. Canada
9.2.5.3. Mexico
9.3. South America
9.3.1. Europe Medical Coating Market, by Coating Type
9.3.2. Europe Medical Coating Market, by Material Type
9.3.3. Europe Medical Coating Market, by Technology
9.3.4. Europe Medical Coating Market, by Application
9.3.5. Europe Medical Coating Market, by Country
9.3.5.1. Brazil
9.3.5.2. Argentina
9.3.5.3. Others
9.4. Europe
9.4.1. Europe Medical Coating Market, by Coating Type
9.4.2. Europe Medical Coating Market, by Material Type
9.4.3. Europe Medical Coating Market, by Technology
9.4.4. Europe Medical Coating Market, by Application
9.4.5. Europe Medical Coating Market, by Country
9.4.5.1. Germany
9.4.5.2. The United Kingdom
9.4.5.3. France
9.4.5.4. Italy
9.4.5.5. Others
9.5. Middle East and Africa
9.5.1. Middle East and Africa Medical Coating Market, by Coating Type
9.5.2. Middle East and Africa Medical Coating Market, by Material Type
9.5.3. Middle East and Africa Medical Coating Market, by Technology
9.5.4. Middle East and Africa Medical Coating Market, by Application
9.5.5. Middle East and Africa Medical Coating Market, by Country
9.5.5.1. Saudi Arabia
9.5.5.2. The United Arab Emirates
9.5.5.3. Others
9.6. Asia Pacific
9.6.1. Asia Pacific Medical Coating Market, by Coating Type
9.6.2. Asia Pacific Medical Coating Market, by Material Type
9.6.3. Asia Pacific Medical Coating Market, by Technology
9.6.4. Asia Pacific Medical Coating Market, by Application
9.6.5. Asia Pacific Medical Coating Market, by Country
9.6.5.1. Japan
9.6.5.2. China
9.6.5.3. India
9.6.5.4. South Korea
9.6.5.5. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix

11. COMPANY PROFILES
11.1. Endura® Coatings
11.2. DSM
11.3. Hydromer
11.4. Precision Coating Company, Inc.
11.5. Surmodics, Inc.
11.6. Specialty Coating Systems, Inc.
11.7. Biocoat Incorporated
11.8. Applied Medical Coatings
11.9. Miller-Stephenson, Inc.
11.10. Materion Corporation
11.11. Fredudenberg Medical
11.12. Medicoat AG

Endura® Coatings

DSM

Hydromer

Precision Coating Company, Inc.

Surmodics, Inc.

Specialty Coating Systems, Inc.

Biocoat Incorporated

Applied Medical Coatings

Miller-Stephenson, Inc.

Materion Corporation

Fredudenberg Medical

Medicoat AG

 

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