Medical device coating refers to using an external layer of materials such as polymers, metals, and other materials to enhance the mobility and performance of a medical device. Medical device coatings are also utilized to prevent surfaces of several medical devices, such as dentistry, neurology, general surgery, and others. There are various types of medical device coatings available, which can be grouped into hydrophilic coatings, anti-microbial coatings, drug-eluting coatings, and anti-thrombogenic coatings, among others. Applying these coatings results in proper sanitation, corrosion resistance and biocompatibility of medical devices.
The global medical device coating market size expected to reach US$ 12,818.01 million by 2028 and registering at a CAGR of 7.7% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
The medical device coating market is majorly comprised of top players involving Koninklijke DSM NV, Hydromer Inc, Surmodics Inc, Biocoat Inc, AST Products Inc, Covalon Technologies Ltd, Harland Medical Systems Inc, Precision Coating Company Inc, Kisco Ltd, and Formacoat LLC among others.
The companies listed above are implementing various strategies that have resulted in the growth of the company and in turn, have brought about various changes in the worldwide market. Additionally, the companies have adopted several inorganic and organic strategies for accelerating their growth and improving their market position.
Below is the list of the growth strategies done by the players operating in the medical device coating market:
| Year | News |
| August-2022 | U.S.-based Harland Medical Systems, Inc., announced the opening of their European headquarters in Cork, Ireland. The new site will better serve the needs of customers on the continent by providing local access to coating expertise, materials and equipment. |
| April-2022 | Harland Medical Systems, Inc. announced the release of the CTS1100 Coating Thickness Testing System at MD&M West. As a testing system, the CTS1100 allows medical device manufacturers to accurately and easily measure coating thickness on their devices. |
| April-2022 | Biocoat, Inc., announced its expansion into the design, development and delivery of hydrophilic dip coating equipment. Biocoat’s new equipment line is called EMERSE and offers companies who require an in-house dip coating system to coat their medical devices and complete the production process. The addition of coating equipment now positions Biocoat as one of the only companies that can offer a complete, full-service solution for medical devices that require a hydrophilic coating. |
| March-2022 | DSM Biomedical and Svelte Medical Systems, a privately-held company engaged in the development of highly deliverable balloon expandable stents, have revolutionized the standard for coronary stenting procedures to treat coronary artery disease (CAD). The collaboration fuels the development of DISCREET Bioresorbable Coating Technology used with SLENDER IDS and DIRECT RX Bioresorbable Coated Drug-Eluting Stent (DES) Systems. |
| September-2021 | Precision Coating, a leading medical coatings service provider to interventional, orthopedic, and advanced surgical markets announced a merger with N2 Biomedical, a Bedford, MA-based company. N2 Biomedical, an Ampersand Capital Partners portfolio company, provides nano-engineered surface treatment and coating services to the medical device industry with its low-temperature Ion Implantation Surface Treatments and Ion Beam Assisted Deposition (IBAD) technologies. |
