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How has the medical device coatings market grown over the years?

The size of the medical device coatings market has seen significant expansion in the recent past. The market is anticipated to rise from a worth of $12.21 billion in 2024 to $13.24 billion in 2025, witnessing a compound annual growth rate (CAGR) of 8.5%. The upturn in the historic period is due to factors such as the escalating demand for antimicrobial coatings, the surge in demand for minimally invasive surgical procedures, the advent of start-ups focusing on medical device coatings, increased focus on curbing infection through medical devices, and the growth in cancer prevalence.

What Is the forecasted market size and growth rate for the medical device coatings market?

The marketplace for medical device coatings is set to experience robust expansion in the coming years, reaching a value of $18.16 billion in 2029, with a compound annual growth rate (CAGR) of 8.2%. The anticipated growth during this period is due to factors such as developing smart coatings, heightened demand for individualized medicine, an escalating rise in the elder populace worldwide, advancements in durable medical device coatings, and a surge in chronic ailment prevalence. The forecast period is expected to witness several trends including technological progress, enhancements in medical technology, strategic partnerships and research initiatives, product introductions, and increased application of hydrophilic coatings.

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What are the major factors driving growth in the medical device coatings market?

The rise in demand for less invasive surgical options is projected to thrust the medical device coatings market into a growth phase. Advancements in medical technology, including enhanced imaging systems, precision tools, and innovative medical device coatings, are credited for the popularity of minimally invasive surgical procedures. These coatings improve surgical accuracy, minimize recovery duration, and reduce patient complications by offering lubricious, biocompatible, and antimicrobial attributes. These properties decrease friction, limit tissue injury, and lower infection probability, thus amplifying the safety and effectiveness of these procedures. As an example, the International Society of Aesthetic Plastic Surgery, a professional organization for certified plastic surgeons based in Lebanon, documented an overall surge of 11.2% in procedures carried out by plastic surgeons in 2022, with over 14.9 million surgical and 18.8 million non-surgical procedures conducted globally that September. Therefore, the escalating demand for less invasive surgical options is fuelling the expansion of the medical device coatings market.

What key areas define the segmentation of the global medical device coatings Market?

The medical device coatings market covered in this report is segmented –

1) By Product: Hydrophilic Coatings, Antimicrobial Coatings, Drug-Eluting Coatings, Anti-Thrombogenic Coatings

2) By Material Type: Fluoropolymer, Silicone, Parylene, Metals

3) By Application: Medical Devices, Medical Implants, Medical Equipment And Tools, Protective Clothing

4) By End-User: General Surgery, Neurology, Cardiovascular, General Surgery, Gynecology, Dentistry, Other End Users

Subsegments:

1) By Hydrophilic Coatings: Polymer-Based Hydrophilic Coatings, Silicone-Based Hydrophilic Coatings, Hydrogel Coatings

2) By Antimicrobial Coatings: Silver-Based Coatings, Copper-Based Coatings, Polymer-Based Antimicrobial Coatings

3) By Drug-Eluting Coatings: Antiproliferative Drug Coatings, Anti-Inflammatory Drug Coatings, Antibiotic Drug Coatings

4) By Anti-Thrombogenic Coatings: Heparin-Based Coatings, Non-Heparin-Based Coatings, Polymer-Based Anti-Thrombogenic Coatings

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What are the top market players propelling the growth of the medical device coatings industry?

Major companies operating in the medical device coatings market are Abbott Laboratories, PPG Industries Inc., Royal DSM N.V., Materion Corp., Merit Medical Systems Inc., Freudenberg Medical Europe GmbH, Specialty Coating Systems Inc., Surmodics Inc., Precision Coating Co. Inc., Sono-Tek Corporation, Biocoat Inc., Covalon Technologies Ltd., Harland Medical Systems Inc., Kisco Ltd., Coatings2Go LLC, Hemotek Medical Inc., AST Products Inc., Medical Surface Inc., Hydromer Inc., Allvivo Vascular Inc.

Which trends are expected to transform the medical device coatings market?

Leading businesses in the medical device coatings market are focusing on the advancement of innovative technologies such as hydrophilic medical device coatings. The goal is to enhance the performance of medical devices by increasing lubricity, minimizing friction during operations, and ensuring biocompatibility. Hydrophilic medical device coatings are specialized treatments for medical device surfaces to improve their functioning, especially reducing friction and improving patient comfort. As an example, in October 2023, a medical device coating technology company based in the US, Surmodics Inc., introduced its new Preside hydrophilic coatings. These coatings aim to improve the functioning of neurovascular, coronary, and peripheral vascular devices by providing a special combination of reduced friction and low particle emission. This is intended to enhance distal access and enable easier navigation through complex vascular routes. Preside coatings, complementing the already existing Serene hydrophilic coatings, are designed to achieve the right balance between enhanced lubricity and coating endurance. This initiative comes in response to the growing regulatory demands for lowering particle generation.

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What regions are dominating the medical device coatings market growth?

North America was the largest region in the medical device coatings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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