According to the Market Statsville Group (MSG), the global medical coatings for implants market size is expected to grow from USD 1,145.6 million in 2021 to USD 2427.2 million by 2030, at a CAGR of 8.7% from 2022 to 2030. Medical coatings are used to improve medical items' capabilities, release drugs, make implanted devices more visible to imaging systems, prevent medical devices from electromagnetic interference, and provide dry-film lubricity and electrical insulation to medical equipment. The medical coating, which comes in various forms such as lubricants, anti-microbial solutions, and water-resistant polymers, is used on equipment used at every stage of the medical procedure, from routine check-ups to operations and clinical testing.

Global Medical Coatings for Implants Market Definition

The usage of medical coatings in different implanted medical devices promotes their growth. Growing improvements in neurosurgery endoscopic equipment and imaging technologies are expected to drive market expansion throughout the forecast period. Medical device coatings improve the flexibility, lubricity, antibacterial, drug-eluting, biocompatibility, and thromboresistance of medical devices. Manufacturers of catheters, stents, cardiac arrest devices, epidural probes, guide wires, feeding tubes, and other devices introduced into the human body have seen a significant surge in demand for medical device coatings. This market's growth may be ascribed to rising income levels in emerging nations, an increasing proportion of the senior population, and increased usage of home healthcare facilities. Additionally, the rising need for minimally invasive surgical treatments is expected to fuel the growth of the medical coatings market.

COVID-19 Impact on the Global Medical Coatings for Implants Market

The COVID 19 pandemic has increased spending on manufacturing and developing medical instruments and technologies like PPE kits, intravenous injection containers, disinfectants, sterilizing devices, and transport ventilators. This is expected to lead to a rise in medical coatings demand. Over the forecast period, the medical coatings market is likely to benefit from increased attention to innovations in medical equipment used to treat, diagnose, and prevent diseases and physical problems of patients.

Global Medical Coatings for Implants Market Dynamics

Drivers: Minimally Invasive Surgical Methods are Becoming More Popular

Doctors utilize several procedures in minimally invasive surgery to operate with less damage to the body than in open surgery. Minimally invasive surgery leads to less pain, a shorter hospital stay, and fewer complications. This type of surgery has various benefits over conventional open surgical techniques. In many instances, it is more accurate than open surgery performed traditionally. Less invasive medical techniques are taking precedence over conventional surgical procedures. The rising frequency of arthritis, cancer, and cardiovascular disease, which need sophisticated surgical treatment, has boosted the demand for minimally invasive methods.

The aforementioned factors have increased the demand for lightweight medical devices that can traverse through intricate and sensitive body regions, such as intravascular catheters, guidewires, balloon angioplasty catheters, delivery sheaths, and implant delivery systems. These devices are frequently utilized in minimally invasive operations involving the cerebrovascular, cardiovascular, and peripheral vascular systems. They frequently feature hydrophilic and hydrophobic coatings to facilitate the insertion of such devices into small circulatory regions while minimizing tissue injury. Thus, medical coatings are important in improving cost efficiency and reducing time consumption in certain medical operations, and they are widely favored.

Restraints: High Initial Costs and Rising Raw Material Prices

Manufacturing medical coatings have significant upfront and ongoing expenditures. This industry has several old or expired patents, and medical coating inventors are not permitted to create new coatings based on previous patents to avoid royalties. As a result, upfront fees are necessary to access obsolete technologies. This aspect is limiting the market's expansion. The elimination of all upfront fees and inconveniences is projected to enable an explosion of technological advancements. The development of novel medicinal coatings necessitates legal fighting, the signing of nondisclosure agreements, and other costs. The growing cost of raw materials such as silicone rubber and PTFE is also limiting the expansion of the medical coatings industry.

Opportunities: Medical Gadgets with Complex Designs that Need Atomic Layer Deposition

Because of their functional qualities, medical coatings have a wide range of uses. There is a growing emphasis on medical device improvements in treating, mitigating, diagnosing, and preventing illnesses and aberrant physical states. Major focus areas in the medical technology sector include innovative imaging devices and systems, minimally invasive therapeutic products, combination device and drug/biological products, computerized devices and medical IT systems, home- and self-care products, patient monitoring systems, and artificial organs and organ-assistive products. Innovative surgical instruments range from basic tongue depressors and bedpans to intricate programmable pacemakers with microchip technology and laser surgical equipment.

The increasing complexity of medical devices has necessitated using a wide range of materials in their fabrication. However, the materials utilized to make these devices are not always biocompatible and hemocompatible. The need for medical coatings is predicted to rise in order to supply the appropriate qualities to the devices. Coatings are required to cover the entire complicated structure or only a portion of it, and they must adhere to a range of materials employed within a device. Market participants are developing surface treatment technologies and techniques to keep up with advancements in current substrates and newly discovered substrates and polymers.

Scope of the Global Medical Coatings for Implants Market

The study categorizes the medical coatings for implants market based on coating type, material type and application  at regional and global levels.

By Coating Type Outlook (Sales, USD Million, 2017-2030)

• Active coatings
• Passive coatings

By Material Type Outlook (Sales, USD Million, 2017-2030)

• Polymers
• Metals
• Others

By Application Outlook (Sales, USD Million, 2017-2030)

• Medical Devices
• Medical Implants
• Medical Equipment & Tools
• Protective Clothing
• Others

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Medical devices account for the highest CAGR during the forecast period by application

Based on the application, the medical coatings for implant market have been categorized into medical devices, medical implants, medical equipment & tools, protective apparel, and others. The medical devices segment is the fastest growing segment with the highest CAGR due to increased usage of medical devices in emerging economies such as China and India, which has resulted in rapid market expansion. Catheters, guidewires, endotracheal tubes, positive pressure breathing devices, in-vitro diagnostic equipment, cannulas, ventilators, ventilator accessories, infusion pumps, respirators, and other medical devices have seen a rise in demand as a result of the pandemic.

North America accounts for the largest market share by Region

Based on the regions, the global medical coatings for implants market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. North America led the market in 2021. The increasing medical and healthcare sector and the advent of smart implants and improved smart sensor technologies in the healthcare industry are driving demand for medical coatings for implants in North America. Furthermore, medical implants and smart medical devices are predicted to play a significant role in orthopedics as real-time monitoring of important performance insights that would deliver improved outcomes to analyze patient recovery and boost the regional market. As a result, such market trends are likely to assist North America is dominating the overall market.

Key Market Players in the Global Medical Coatings for Implants Market

The global medical coatings for implants market is highly competitive, with key industry players adopting strategies such as partnerships, acquisitions, product development, agreements, and expansion to strengthen their market positions. Most companies in the market are indulged in expanding business across regions, enhancing their capabilities, and molding strong partner relations.

Major players in the global medical coatings for implants market are:

• Himed

• Hydromer
• DOT GmbH
• Lincotek Group S.p.A
• Medicoat AG
• CAM Bioceramics B.V.
• APS Materials, Inc.

Key Issues Addressed

• What is the market size by various segmentation of the medical coatings for implants by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the medical coatings for implants market?
• What are the key opportunities and trends for manufacturers involved in the medical coatings for implants supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of medical coatings for implants in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.