Product Overview
The bioactive coatings are applied on the medical devices in order to reduce the penetration of the bacteria and enhance the functionality of the devices. The bioactive coatings impart the biocompatibility to the devices. The bioactive coatings include the bio-ceramics, extra cellular matrix and biological peptides. These devices are primarily used for the development of the orthopedic prosthetic .It reduces the bacterial adhesion and prosthetic infections. The companies operating in the bioactive coatings market are continuously developing bioactive coatings containing antibiotics, nitric oxide, silver and others.
Market Size and Forecast
The rising application of the bioactive coating medical devices for the surgeries is anticipated to boost the growth of the global bioactive coating devices market during the forecast period. Thus, the global bioactive coating devices market is anticipated to attain significant CAGR during the forecast period.
The global bioactive coating devices market can be segmented on the basis of product type, material, end-user and region. On the basis of product type, it is sub-segmented into hydrophilic coatings, anti-microbial coatings, drug eluting coating and others. The anti-microbial coatings are anticipated to showcase significant growth during the forecast period. The anti-microbial coatings prevent the growth of the micro-organisms on the medical devices which increases the shelf life of the devices. On the basis of material, it sub-segmented into carbon-based materials, biological materials, polymers and synthetic and metals and alloys. On the basis of end-user, it is sub-segmented into diagnostics centers, hospital, clinics and ambulatory surgical centers. The hospitals is the largest sub-segment for the end-user segment during the forecast period. The presence of the highly developed healthcare infrastructure in the hospitals coupled with the presence of the expensive equipment is anticipated to be the major reason for the growth of the sub-segment during the forecast period.
By region, global bioactive coating devices market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to hold the largest market share for the global bioactive coating devices market during the forecast period. The high disposable income of the population in the region is encouraging towards high spending on bioactive coating devices which in turn is anticipated to boost the growth of the global bioactive coating devices market in the region. For instance according to US census bureau, the total estimated average earning of the population was USD 60,309 whereas in 2017 it is estimated to grew to 61,372. Asia-Pacific region is anticipated to be the fastest developing region for the global bioactive coating devices market. The low grade medical devices gets easily affected by chemicals and also adulteration in chemicals. This is anticipated to be the major factor increasing the demand for the bioactive coating devices in the region.
Market Segmentation
Our in-depth analysis segmented the global bioactive coating devices market in the following segments:
By Product Type:
- Hydrophilic Coatings
- Anti-microbial Coatings
- Drug Eluting Coating
- Others
By Material:
- Carbon-Based Materials
- Biological Materials
- Polymers and Synthetic
- Metals and Alloys
By End User:
- Diagnostics Centers
- Hospital
- Clinics
- Ambulatory Surgical Centers
By Region
Global bioactive coating devices market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers and Challenges
The increasing demand for the medical implants is anticipated to be the major growth driver for the global bioactive coating devices market during the forecast period. Additionally, the increase of the therapeutic coatings for the implants is expected to propel the demand of the bioactive coating. The increasing trend of the using orthopedic implant coatings for surgical procedures in hospitals, clinics and others is also driving the bioactive coating devices market across the globe. The increasing bacterial growth and contamination of medical devices is predicted to fuel the market growth of the global bioactive coating devices market during the forecast period.
The high cost associated with bioactive coating devices coupled with the lack of research funding for developing enhanced product is expected to hinder the market growth of the global bioactive coating devices market during the forecast period.
Top Featured Companies Dominating The Market
- DSM Biomedical
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Hydromer Inc.
- SurModics Inc.
- Biocoat Inc.
- AST Products Inc.
- Specialty Coatings Systems Inc.
