Biocompatible Coatings Industry size is expected to register 9.4% CAGR between 2024 and 2032 propelled by increasing demand in healthcare industry.
Selbyville, Delaware, Oct. 29, 2024 (GLOBE NEWSWIRE) — Biocompatible Coatings Market was valued at USD 15.96 billion in 2023 and is projected to be worth USD 34.97 billion by the end of 2032, as per a recent study by Global Market Insights Inc.
With the growth of the aging world population, the prevalence of chronic diseases and conditions requiring implants, such as cardiovascular diseases, osteoporosis, and dental issues, is increasing. As per WHO, cardiovascular diseases (CVDs) are the major cause of death worldwide, claiming around 17.9 million lives every year Biocompatible coatings enhance the performance and durability of these implants by improving their integration with biological tissues while reducing their risk to reject and get over the infection.
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Increasing awareness and implementation of stringent regulatory standards in the healthcare industry are other important factors driving the market. Regulatory agencies, such as the FDA and EMA are emphasizing the importance of biocompatibility in medical devices, allowing manufacturers to adopt advanced coatings to ensure compliance and provide improved patient safety. Apart from healthcare, the expanding usage in industries, such as aerospace, automotive and electronics will contribute to the market growth.
The biocompatible coatings industry is segmented into type, material, end-use industry and region
Based on type, the biocompatible coatings market share from the hydrophilic segment is projected to observe substantial growth through 2032, backed by superior performance in medical applications. Hydrophilic coating, which absorb and retain water, create a lubricant that keeps devices, such as catheters, guidewires, stents, and nerve away from damages. This greatly increases patient comfort and convenience. Hydrophilicity also helps prevent biofouling and bacterial synthesis while reducing the risk of infection and improving the longevity and reliability of medical implants.
Biocompatible coatings market from the ceramic material segment is anticipated to generate high revenue between 2024- 2032 due to high biocompatibility, wear resistance, and chemical inertness. Ceramic coatings are particularly useful for orthopedic and dental implants, where durability and integration with bone tissue are required. These coatings also help maintain bone alignment, reduce the risk of graft rejection, and improve the overall success of medical procedures. Moreover, ceramic materials have high corrosion resistance and can withstand harsh physical conditions, making them ideal for long-term joint implants.
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Asia Pacific biocompatible coatings market is predicted to grow at a strong rate through 2032, attributed to the rising demand for advanced medical devices. Rapid economic growth in China and India have dramatically improved health care, leading to the uptake of sophisticated medical implants and devices that require coatings for efficiency and safety. Government policies are encouraging local manufacturing and innovations in the pharmaceutical sector, along with collaboration between international and local companies, subsequently stimulating the regional market growth.
Biocompatible Coatings Market Players
Companies including Aculon., APPLIED MEDICAL COATINGS, Applied Membrane Technology, Inc., AST Products, Inc., BioInteractions, Covalon Technologies Ltd., DSM, Formacoat, Hydromer, Specialty Coating Systems Inc., Surface Solutions Group, LLC, Surmodics, Inc. are some firms working in biocompatible coatings industry.
The biocompatible coatings market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments:
Market, By Type
- Antibacterial
- Hydrophilic
- Others
Market, By Material
- Polymer
- Ceramics
- Metal
- Others
Market, By End-Use Industry
- Healthcare
- Food & Beverages
- Medical Devices
- Others
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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