Rise in the Demand for Implants Boost Medical Device Coating Industry

In 2021, the medical device coating market companies made $7,861.4 million, and it is expected to rise to $15,165.9 million in 2030, advancing at a rate of 7.6% from 2021 to 2030, attributed to the growing awareness of minimally invasive devices. In addition, the increase in the incidences of healthcare-associated infections, including ventilator-associated pneumonia, and catheter-associated urinary tract infections propel the demand for medical device manufacturers to coat anti-microbial agents on their products. 

In addition, the rise in the geriatric population, coupled with the surge in healthcare-related challenges has boosted the medical device coating industry with the rise in the implants’ demand. Furthermore, the increase in the requirement for early detection of diseases is projected to expand the demand for medical devices, which, in turn, will drive the growth of the industry in the near future. 

The primary medical device coating market trends are urology, cardiovascular catheters, and hydrophilic lubricious coatings. In addition, the rise in awareness of novel surgeries and the increasing requirement for improved healthcare facilities are projected to create opportunities for market players in the coming future. 

The medical devices with metal-based coating contribute significant sales revenue to the medical device coating industry. The strict regulations on the usage of healthcare-related devices to ensure patients’ safety have made it crucial for manufacturing entities to offer infection-resistant and best-suited materials for healthcare implants and devices. 

In addition, polymers are also used as a coating material on medical equipment, and they are projected to generate the next-significant sales revenue for the medical device coating industry. These coatings are widely utilized in the manufacturing of implants and stents that facilitate the bioactive pharmaceuticals’-controlled release. It results in rising demand for medical devices and implants, and hence, it is expected to boost the market. 

The implants contribute the highest revenue to the sales of medical device coating, amounting to $4,886.2 million. The medical implant coatings vary from releasing coatings to non-releasing coatings. In addition, healthcare professionals prefer to use coatings that encourage tissue integration. For example, the rough surface of the vacuum-plasma-sprayed coatings of pure titanium facilitates the necessary growth process of bone cells by providing them with ideal space, and hence they are widely utilized for orthopedic implants. In addition, these materials also provide an ideal surface finish for bones, that encourages strong anchoring and durability of implants. 

North America is the largest contributor to the sales of medical device coatings, and it is projected to capture sales worth $5,408.5 million in 2030, ascribed to the increased improvements in the technologies of medical devices, coupled with their ease of access booms the demand. In addition, the presence of healthcare facilities in large numbers and the surge in the R&D investments in healthcare propel the industry in the industry. 

Therefore, the rise in the elderly population with increased demand for implants proliferates the medical device coating industry. 

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