Catheter Coatings Market by Type (Metal and Polymer), and Material (Hydrophilisc Coatings, Drug-eluting Coatings, Anti-microbial Coatings and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027
|ID: VPR/HC/153||Publishing Year: January 2021||Pages: 98||Format:|
The Catheter Coating Market was valued at $XXX billion in2019, and it is expected to reach $XXX billion by 2027, registering a CAGR of XX% from 2021 to 2027. Catheterization is a medical process that allows uninterrupted drainage of the urinary bladder. It is used for diagnostic purpose, such as defining the etiology of numerous genital and urinary conditions or to discharge urinary retention and to administer medication. Catheter Coating allows the Catheter to effortlessly pass through the body. Coated Catheters prevent the creation of biofilms and crust, thus decreasing the chances of hospital-acquired, Catheter-Associated urinary tract infections or nosocomial urinary tract infections. Many people are suffering from cardiovascular, neurological, and other disorders that lead to hospitalization. And if it is a case of chronic disorders, hospitalization is associated with Catheterization.
Rapid growing of number of patients suffering from chronic disorders, rising awareness about the product is driving the Global Catheters Coating Market. Therefore, manufacturers and many companies are developing innovative Catheter products, as new applications open up. Furthermore, rise in funding by various government bodies and medical device manufacturers will boost the Catheter Market Growth. However, requirement of intensive funds for the development of advanced devices, product failures, unfavorable taxation policies, and trade barriers may hinder Market Development.
The Catheter Coating Market is divided on the basis of Type and Material.
The Type insights are divided into hydrophilic coatings, drug-eluting coatings, anti-microbial coatings, and others. Hydrophilic coatings are the most used coatings for medical devices. These coatings help reduce bacteria due to their low coefficient of friction and are biocompatible & durable. These coatings are solvent resistant, facilitate aqueous interactions and eliminate thrombosis. These are the advantages of Hydrophilic Coatings over other coating materials which drive demand for Catheter Coating Market.
The Material Insights are further segmented into metal and polymer. Coating plays a vital role in increasing the effectiveness and efficiency of catheters; most of the materials used for coating are usually made up of metal or polymer. As the Catheters are used in many medical practices, the requirement for innovative and specialized coatings is expected to witness growth, thereby making higher growth opportunities for Catheter Coating Options. Catheters are coated with polymers to improve their mobility and biocompatibility by reducing friction within the body tissues. They also allow intravascular drug delivery, thus preventing the growth of microorganisms on the tissue surface. Metal coatings are frequently considered as multifunctional to their anti-bacterial properties for avoidance of microbial growth on the surface of the catheters, therefore resulting in extended usable life of the device.
Major key players of Catheter Coating Market:
Medtronic (Ireland), Teleflex Incorporated (US), Abbott (US), B. Braun Melsungen AG (Germany), Edwards Lifesciences Corporation (US), Coloplast (Denmark), Johnson & Johnson Services (US), Terumo Corporation (Japan), Becton, Dickinson and Company (US), Boston Scientific Corporation (US), ConvaTec Group (UK), Hollister Incorporated (US), Stryker (US), Cook Medical (US), and Merit Medical Systems (US).
Most of the Catheter Coating Market are focusing on business expansion to gain higher revenue share through adoption of strategies such as mergers and acquisitions and new product development.
Key Market Segments:
- Hydrophilic Coatings
- Drug-eluting Coatings
- Anti-microbial Coatings
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
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