Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Medical Coatings Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The latest medical coatings market research report, offering an amalgamation of industry insights and future predictions, has been published, providing an extensive analysis of the market's trajectory. This in-depth study examines the burgeoning global market, highlighting the market's size, growth, and emerging trends set to impact the industry through 2024 and beyond.
The report illustrates the market's exponential growth, with an anticipated compound annual growth rate (CAGR) of 21.7% from 2023 to 2028. It meticulously details the major types and materials used in medical coatings, such as anti-microbial, hydrophilic, and anti-thrombogenic coatings, and their crucial applications in various domains including medical devices and equipment.
Key Drivers and Regional Insights
The analysis underscores key drivers fueling the market surge, including the critical need to prevent infections in medical settings and the demand for enhanced biocompatibility in devices. One notable driver is the spike in chronic diseases such as ischemic heart disease and obesity, which increases the reliance on medical devices that benefit from quality coatings for durability and performance.
North America emerged as the dominant region in the medical coatings market in 2023, a trend expected to continue through the forecast period. The comprehensive report covers diverse geographies, including Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
Emerging Trends and Market Innovations
Advancements in nanotechnology and the increasing preference for minimally invasive surgeries are shaping market trends. The utilization of advanced materials like polyvinylidene chloride (PVDC) for pharmaceutical packaging is highlighting the market's innovation-led growth.
- Application of antimicrobial and drug-eluting coatings
- Demand for ultra-high-barrier PVDC coatings
- Innovative testing systems for coating thickness measurement
Strategic acquisitions, such as that of a Denmark-based medical coatings manufacturer by a hydrophilic biomaterial coatings US company, exemplify the industry's expansion and diversification efforts.
Market Landscape and Competitive Analysis
The medical coatings market is thoroughly competitive, with key players focusing on product innovations to maintain and enhance their market positioning. The report delves into the competitive landscape, profiling major companies like Allvivo Vascular Inc., Biocoat Incorporated, and Surmodics Medical Ltd., among others, and their cutting-edge solutions shaping the industry.
With the latest developments and market dynamics presented in this report, stakeholders, investors, and industry participants can gain critical insights and make informed decisions in the ever-evolving medical coatings landscape.
A selection of companies mentioned in this report includes
- Allvivo Vascular Inc.
- AST Products Inc.
- Biocoat Incorporated
- Coatings2Go LLC
- Covalon Technologies Ltd.
- Harland Medical Systems Inc.
- Hemoteq AG
- Medicoat AG
- Merit Medical Systems Inc.
- AeonClad Coatings LLC
- Applied Medical Coatings LLC
- Applied Membrane Technology Inc.
- Calico Coatings
- Carmeda AB
- Freudenberg Medical LLC
- Hydromer Inc.
- Kisco Ltd.
- Materion Corp.
- DSM Biomedical B.V.
- Surmodics Medical Ltd.
- Precision Coating Company
- BioInteractions Ltd.
- Sono-Tek Corporation
- Specialty Coating Systems Inc.
- Biomerics LLC
- EuroMed Inc.
- Innovative Surface Technologies
- N2 Biomedical
- Orchid Orthopedic Solutions
- Plasma Coatings
For more information about this report visit https://www.researchandmarkets.com/r/gfqxap
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