Coatings Market for Medical Devices Industry – Segmentation Analysis and Forecast by Technavio

October 18, 2017

LONDON–(BUSINESS WIRE)–#PaintsandCoatings–According to the latest market study released by Technavio,
the global coatings market for medical devices industry is expected to
grow at a CAGR of more than 8% during the predicted period.


This research report titled ‘Global
Coatings Market for Medical Devices Industry 2017-2021’ provides an
in-depth analysis of the market in terms of revenue and emerging market
trends. This market research report also includes up to date analysis
and forecasts for various market segments and all geographical regions.

The Americas and Europe are the key countries producing medical devices.
This is because most of the technological advancements have been made in
these regions. Recent developments, such as drug-eluting coatings and
controlled-released drugs have led to an increase in the use of medical
devices across the globe. The demand for medical device coatings will be
higher in APAC due to rising awareness of available surgical procedures
and high growth of the medical industry. The Americas are producing the
maximum number of medical devices in comparison with the other regions.

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Technavio’s analysts categorize the global
coatings market for medical devices industry into four major
segments by type. They are:

  • Hydrophilic coating
  • Drug-eluting coating
  • Antimicrobial coating
  • Others

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The top three type segments of the global coatings market for medical
devices industry are discussed below:

Global antimicrobial coatings market for medical devices industry

Medical devices and components must be free from pathogens and microbes.
If medical devices are not properly coated, it may lead to HAIs, which
are the main cause of deaths of patients in many countries. To overcome
this critical challenge, the medical devices used for treatments,
surgeries, and as implants are coated with coatings that have
antimicrobial properties.

According to Chandrakumar Badala Jaganathan, a lead paints,
coatings, and pigments research analyst from Technavio,
“Antimicrobial coatings can be used to restrict the growth of microbes
and pathogens on medical devices. Two types of functionality material
are used in antimicrobial coatings, polymers and metals. Metals include
silver, copper, palladium, titanium, and zirconia. Polymers that can be
used as antimicrobial coatings for medical devices are chitosan and
Teflon.”

Global drug-eluting coatings market for medical devices industry

Over the last decade, the demand for medical devices coated with
drug-eluting coatings has been hugely preferred over uncoated medical
devices. Drug-eluting coatings in medical devices are gaining importance
because they reduce the incidence of angiographic restenosis and the
need for target vessel revascularization.

“Polymer and drug composition that is coated on the medical devices
enhance device performance and fasten the recovery of patients. The rate
of drug elution depends on the coating materials, the interaction of the
drug with the coating materials, and coating process. Drug-eluting
stents are widely used in the treatment of cardiovascular diseases,” says
Chandrakumar.

Global hydrophilic coatings market for medical devices industry

Hydrophilic coatings are used on medical devices to prevent the damage
to smooth tissues and parts of organs. They are used on medical devices,
such as catheters and guidewires, which are used during surgery or
diagnosis. These coatings provide excellent lubricity and reduce the
friction between the device and tissues.

Harland has developed Lubricent UV hydrophilic coatings that enable
catheters and guidewires to be navigated through the most difficult
anatomies. AST developed HydroLAST coating process in which hydrophilic
polymers are grafted permanently to the surface of a hydrophobic
substrate. The carboxyl, hydroxyl, and amine functionalities present in
hydrophilic polymers serve to bind water loosely.

The top vendors highlighted by Technavio’s research analysts in this
report are:

  • Covestro
  • Materion
  • Royal DSM
  • Sono-Tek
  • Surmodics

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