Bioactive Coating Devices Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3910
Bioactive Coating Devices Market size is expected to grow significantly from 2019 to 2025.
Growing demand for bioactive coating devices due to abundant benefits they offer will prove beneficial for market growth. Bioactive coating is prominently used for medical devices that are used in surgeries and implants. These coated devices prevent degradation of materials i.e., it avoids rusting that enhances device’s shelf life. Moreover, bioactive coated devices avoid spreading and transferring of pathogens that avoids hazardous repercussions such as life-threatening infectious diseases.
Increasing prevalence of cardiovascular and joint diseases will augment demand for superior quality devices that will escalate business growth. Bioactive coated devices are prominently used in treatment of cardiovascular and joint diseases. Devices and implants if not coated gets degraded and may react with the inner environment of the body causing disability and loss of quality life. As a result, healthcare professionals are increasingly preferring bioactive coated devices that enhances patient outcomes. However, lack of awareness pertaining to advantages of bioactive coated devices will hinder industry growth up to some extent.
Anti-microbial coating segment is anticipated to witness substantial growth in analysis time frame. Biofilms gets accumulated on medical devices due to moisture, contamination, etc., that results in formation of dynamic and complex multicellular community thereby, leading to crucial health concern and economic burden. Thus, antimicrobial coating has pivotal role in securing medical devices from contaminations and infections. As a result, benefits offered by anti-microbial coating will increase its preference that will exceed segment revenue.
Stents segment had lucrative revenue in 2018 and it is anticipated to enormously increase in forthcoming years. Substantial segment growth is attributed to increasing prevalence of myocardial infarctions globally. According to WHO, nearly 17.9 million people die each year globally due to cardiovascular diseases. Bioactive coatings in stents use hydroxyapatite that enhances cell attachments and avoids contaminations. Thus, rising patient pool and advantages of bioactive coated stents will accelerate its demand that will prove beneficial for segment growth.
Diagnostic centers segment is anticipated to witness significant growth over the forecast time period. Growing awareness pertaining to benefits of early diagnosis will augment number diagnostic procedures. Increasing prevalence of chronic diseases is surging requirement of advanced healthcare infrastructure and diagnostic equipment. As a result, diagnostic centers are increasingly adopting bioactive coated devices that provides enormous shelf life, thereby accelerating segment growth.
North America bioactive coating devices market had lucrative revenue share in 2018 and it will extensively increase in analysis time period. Significant growth is attributed to presence of advanced medical equipment in healthcare organizations. Increasing geriatric population susceptible to chronic diseases such as cardiovascular and orthopedics will augment demand for bioactive coated medical devices. Availability of advanced infrastructure coupled with rising geriatric population will augment regional market growth.
Notable industry players operating in the bioactive coating devices includes DSM Biomedical, Hydromer, SurModics, Biocoat, Picosun, AST Products, Specialty Coatings System. Industry players are following strategies such as mergers, acquisitions, joint ventures and new product launches. This help companies to capture more market share and sustain in the industry. For instance, in October 2018, Picosun launched PicoMEDICAL, used in surgical implants that enhance adhesion to bone that fastens the healing process. New product launches will help company to provide innovative solutions that will exceed business revenue.
Bioactive Coating Devices Market By Product Type, 2014-2025 (USD Million)
- Anti-microbial coatings
- Hydrophilic coatings
- Drug eluting coating
Bioactive Coating Devices Market By Medical Application, 2014-2025 (USD Million)
- Electrosurgical tools
- Cochlear and ocular implants
- Mandrels and molds
Bioactive Coating Devices Market By End-user, 2014-2025 (USD Million)
- Diagnostics Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- DSM Biomedical
- AST Products
- Specialty Coatings System
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