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 2023 To 2028

The medical coating market is predicted to grow at a CAGR of 9.48% from US$13.784 billion in 2021 to US$25.980 billion by 2028.

Medical equipment, implants, and gadgets must be coated with materials or coatings to enhance their functionality and safety. The prevalence of infections, the expansion of minimally invasive surgical techniques, and the strong demand for medical devices are all contributing reasons to the market's growth. Additionally, this market is anticipated to expand significantly due to the rising demand for customized and multifunctional coatings. Further, ongoing research and development offer new, creative coating options. In addition, product innovation and strategic actions by major market participants create numerous opportunities to expand into new application areas.

However, the factors that are anticipated to restrain the growth of this market are the rising prices of raw materials and the risk of coating failures. The use of hydrophilic and hydrophobic coated medical equipment carries a risk of coating failure, which is one of the main challenges for the growth of this market. In addition, other significant factors like the biocompatibility restrictions on some coating types, the lack of standardized practices, the possibility of coating failure, and the durability of the coating will also hamper the market growth.

The medical coating market is driven by the rising prevalence of hospital-acquired infections and other chronic diseases.

The increasing rates of infections are associated with longer hospital stays. Common hospital-acquired infections are caused by medical equipment such as urine catheters, central lines, and mechanical ventilators. As they come into contact with the human body, they serve as a vehicle for the spread of hospital-acquired illnesses. Therefore, antimicrobial coatings on medical devices are becoming more popular due to the need to lower hospital-acquired infections. This is because it seems to be the most effective way to enhance infection control in a hospital environment without sacrificing patient care. With the rise in hospital-acquired infections, the usage of antimicrobial coatings is expanding. For instance, according to the U.S. Center for Disease Control and Prevention, more than 98,000 individuals die due to healthcare-associated infections, which affect about 1.7 million hospitalized patients every year. In addition, the percentage of infected patients within the ICU is as high as 51%, according to the Extended Prevalence of Infection in Intensive Care research.

Moreover, the prevalence of chronic diseases is driving the use of various medical procedures. This, in turn, is augmenting the demand for medical coating solutions and increasing healthcare expenditure, significantly influencing the market's expansion. For instance, as per the American Healthcare Association, healthcare spending in the U.S. rose by 2.7 percent in 2021 to reach USD 4.3 trillion, accounting for USD 12,914 per person. This aids in boosting the medical coating market. Additionally, 18.3% of the United States Gross Domestic Product was spent on health care.

Market Developments:

• TridAnt, a coating technique comprising active and passive components for producing a non-leaching, safe, and long-lasting antimicrobial coating for medical devices and implants, was unveiled by UK-based BioInteractions in April 2022.
• In 2021, Surmodics, a global medical device and in vitro diagnostic technologies provider, announced the launch of Serene™, a hydrophilic coating for medical devices. Serene™ is a spray coating that provides lubricity and biocompatibility to medical devices such as catheters and guidewires, improving their performance and patient comfort during procedures.
• In 2020, DSM Biomedical, a global leader in biomedical materials, announced the launch of ComfortCoat® Advanced Hydrophilic Coating, a spray-on coating for medical devices. This coating is designed to improve the lubricity and biocompatibility of medical devices, reducing friction and enhancing patient comfort during procedures such as catheterization and endoscopy.

Based on technology, the spray coating segment of the medical coating market is expected to witness positive growth.

Medical devices require specific performance characteristics, such as reduced friction, improved wear resistance, enhanced biocompatibility, and increased durability. Spray coatings can be tailored to meet these requirements, providing a cost-effective and efficient way to improve the performance and functionality of medical devices, which drives the demand for spray coatings in the medical coating market.

Asia Pacific accounted for a major share of the global medical coating market.

The medical coating market has been segmented by geography into North America, South America, Europe, the Middle East and Africa, and Asia Pacific.

The Indian medical coating market is expected to grow significantly during the projected period. This growth can be attributed to various factors, such as the ageing population in India. As the population ages, the demand for medical devices and equipment also increases, which drives the need for medical coatings. Medical coatings play a crucial role in ensuring the safety and effectiveness of medical devices. They provide a protective layer that prevents contamination, improves durability, and enhances biocompatibility. This is particularly important for the aging population in India, who are more susceptible to infections and require longer hospital stays. For instance, in 2021, DSM Biomedical launched its new Hydrophilic Coating 2.0 in India, designed to improve the performance and safety of medical devices used in vascular interventions.

Moreover, the prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases in India is driving the growth of the medical coating market. These conditions often require medical devices such as stents, catheters, and implants, which rely heavily on medical coatings to function properly. The rising prevalence of chronic diseases in India can be attributed to several factors, including changes in lifestyle, increased urbanization, and an aging population. In addition, the Global Burden of Disease estimates that the prevalence of diabetes in India has risen from 26 million in 1990 to 77 million in 2019, with projections indicating a further increase to 101 million by 2030. The study also estimates that there were 1.16 million new cancer cases in India in 2018, which is projected to increase to 1.62 million cases by 2040.

Medical Coating Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$13.784 billion
Market Size Value in 2028	US$25.980 billion
Growth Rate	CAGR of 9.48% from 2021 to 2028
Base Year	2021
Forecast Period	2023–2028
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, Freudenberg 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
  • Ceramics
  • Metal
    • Silver
    • Titanium
    • Others
  • Others
• BY TECHNOLOGY
  • Spray Coating
  • Pulsed Laser Deposition (PLD)
  • Inkjet Printing
  • Chemical Vapor Deposition
  • Spatter Coating
• BY APPLICATION
  • Medical Devices & Instruments
  • Medical Implants
  • Others
• BY GEOGRAPHY
  • North America
    • USA
    • 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

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

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. Introduction

6.2. Polymers

6.3. Ceramics

6.4. Metal

6.4.1. Silver

6.4.2. Titanium

6.4.3. Others

6.5. 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. Introduction

8.2. Medical Devices & 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, 2021 to 2028

9.2.2. North America Medical Coating Market, By Material Type, 2021 to 2028

9.2.3. North America Medical Coating Market, By Technology, 2021 to 2028

9.2.4. North America Medical Coating Market, By Application, 2021 to 2028

9.2.5. North America Medical Coating Market, By Country, 2021 to 2028

9.2.5.1. USA

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America 

9.3.1. South America Medical Coating Market, By Coating Type, 2021 to 2028

9.3.2. South America Medical Coating Market, By Material Type, 2021 to 2028

9.3.3. South America Medical Coating Market, By Technology, 2021 to 2028

9.3.4. South America Medical Coating Market, By Application, 2021 to 2028

9.3.5. South America Medical Coating Market, By Country, 2021 to 2028

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, 2021 to 2028

9.4.2. Europe Medical Coating Market, By Material Type, 2021 to 2028

9.4.3. Europe Medical Coating Market, By Technology, 2021 to 2028

9.4.4. Europe Medical Coating Market, By Application, 2021 to 2028

9.4.5. Europe Medical Coating Market, By Country, 2021 to 2028

9.4.5.1. Germany

9.4.5.2. 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, 2021 to 2028

9.5.2. Middle East and Africa Medical Coating Market, By Material Type, 2021 to 2028

9.5.3. Middle East and Africa Medical Coating Market, By Technology, 2021 to 2028

9.5.4. Middle East and Africa Medical Coating Market, By Application, 2021 to 2028

9.5.5. Middle East and Africa Medical Coating Market, By Country, 2021 to 2028 

9.5.5.1. Saudi Arabia

9.5.5.2. United Arab Emirates

9.5.5.3. Others

9.6. Asia Pacific 

9.6.1. Asia Pacific Medical Coating Market, By Coating Type, 2021 to 2028

9.6.2. Asia Pacific Medical Coating Market, By Material Type, 2021 to 2028

9.6.3. Asia Pacific Medical Coating Market, By Technology, 2021 to 2028

9.6.4. Asia Pacific Medical Coating Market, By Application, 2021 to 2028

9.6.5. Asia Pacific Medical Coating Market, By Country, 2021 to 2028

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