Rising Number of Minimally Invasive Surgeries around the Globe Is Driving the Growth of the Medical Coating Market

 

Medical Coating Market

Medical coatings are a new form of protective gear for health care professionals. These coatings help to protect from the potentially harmful effects of chemicals and treatments that are used on patients in the medical profession. They help prevent permanent discoloration of patients' skin and other reactions such as blistering, stinging, swelling and itching, burning, redness and sensitivity. Coatings come in a variety of different materials, styles, colors, and thicknesses and serve various purposes. Medical coatings can be a type of barrier or a layer of protection between an affected area and external conditions such as heat and moisture

An increasing geriatric population around the globe is driving the need for healthcare services. This in turn augmenting the growth of the Medical Coating Market. According to the United Nation, by 2050, one in six people in the world will be over age 65 (16%), up from one in 11 in 2019 (9%). By 2050, one in four persons living in Europe and Northern America could be aged 65 or over. Moreover, the growing demand for minimally invasive surgical procedures is another key factor propelling the growth of the market. iData’s robotic surgery statistics show that in 2017, minimally invasive surgeries accounted for approximately 86% of total robotic surgeries performed in the United States. Thus, the growing number of minimally invasive surgeries is propelling the growth of the Medical Coating Market.

North America is projected to gain significant growth over the forecast period and this is attributed to the increasing launch of innovative medical coating products by key players in the region. For instance, in September 2019, Biocoat, Inc., a specialty manufacturer of hydrophilic biomaterial coatings for medical devices announced that the company has launched an ISO-certified, full-service on-site facility for the application of its HYDAK® coatings to its unique medical devices.

Key Developments:

1.      In September 2019, Biocoat (Horsham, PA) has launched a full-service, on-site facility for the application of its Hydak coatings to customer’s devices. The new facility will save medical device companies time and money

2.      In June 2020, Bio-Gate AG, a provider of technologies for health and hygiene, has signed a cooperation agreement with Aesculap AG for the antimicrobial coating of revision implants for knee and hip systems.

3.      In August 2019, an international research project, led by the University of Sydney’s School of Aerospace in collaboration with UMC Utrecht and the Heart Research Institute and three other research partners, has developed a new plasma coating for bone implants with the aim of decreasing complications.