According to Market Study Report, Medical Coatings Market provides a comprehensive analysis of the Medical Coatings Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.
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The Global Medical Coatings Market size is projected to grow from USD 6.0 Billion in 2020 to USD 15.2 Billion by 2025, at a CAGR of 20.5% during the forecast period. This report spread across 179 Pages, Profiling 10 Companies and Supported with XX Tables and XX figures are now available in this research.
Top Key Players Profiled in the Medical Coatings Market:
- DSM (Netherlands)
- Hydromer (US)
- Surmodics (US)
- Biocoat (US)
- AST Products (US)
- Covalon Technologies (Canada)
- Harland Medical Systems (US)
- Applied Medical Coatings (US)
- Freudenberg (US)
The passive coatings segment accounts for the largest share of the overall market. Hydrophilic coatings are widely used on guide wires, catheters, and introducer sheaths to lower friction coefficient. These coatings have properties such as lubricity, durability, low friction coefficient, and low particulate count.
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Polymer-based medical coatings are used in medical devices, medical equipment & tools, protective clothing, and medical implants. They are necessary to optimize durability and corrosion resistance while minimizing the coefficient of friction. Major sub types of polymer coatings used on medical devices, medical implants, and other applications are fluoro polymers, silicone, parylene, and polyurethanes.
The medical coatings market is segmented based on application into medical devices, medical implants, medical equipment & tools, protective clothing, and others. The medical devices segment accounted for the largest market share in 2019. Increased use of medical devices in the emerging economies, such as China and India, has led to the high growth of the market.
Breakdown of primary participants’ profile:
- By Company Type – Tier 1: 25%, Tier 2:50%, and Tier 3: 25%
- By Designation – C Level: 20%, D Level: 30%, Others: 50%
- By Region – Europe: 30%, APAC: 25%,North America: 20%,South America: 15%, Middle East & Africa: 10%