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Global Biocompatible Coating Market Size, Share, Forecast: By Type: Antibacterial, Hydrophilic, Others; By Material: Polymer, Ceramics, Metals, Others; By End Use: Healthcare, Medical Devices, Food and Beverages, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2023-2028
Global Biocompatible Coating Market Outlook
The global biocompatible coating market size attained approximately USD 14.73 billion in 2022. The market is estimated to grow at a CAGR of 12.9% in the forecast period of 2023-2028, reaching a value of around USD 30.09 billion by 2028.
Key Trends in the Market
Biocompatible coating is a thin layer of coating applied to the surface of implants, medical devices, and biomaterials to improve their compatibility with the human body. It also serves as a suitable alternative for petroleum-based packaging in the food sector.
- Some of the key biocompatible coating market trends are the expansion of the healthcare sector, increasing focus on patients’ safety, and surging innovations in medical devices. These factors, coupled with growing medical tourism in countries like India, are boosting the demand for biocompatible coatings that can enhance the efficacy and safety of medical implants and devices.
- Polymer-based biocompatible coatings are gaining popularity as they are cost-effective and compatible with various fabrication methods. Moreover, their ability to facilitate various functionalities as well as favourable properties, like enhanced bioactivity and corrosion resistance, among others, is also driving their demand.
- Increasing research activities aimed at developing innovative biocompatible technology that can prevent the formation of colonies after surgical treatment, eliminate microbes, and improve the function of medical devices are likely to aid the biocompatible coating market growth in the forecast period.
Global Market Analysis
Based on type, the market is divided into antibacterial and hydrophilic, among others. On the basis of material, the market is classified into polymer, ceramics, and metals, among others. By end use, the biocompatible coating market segmentation includes healthcare, medical devices, and food and beverages, among others. The major regional markets for biocompatible coating are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global biocompatible coating market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Koninklijke DSM N.V.
- Specialty Coating Systems Inc.
- Hydromer Inc
- Biocoat Inc.
- SurModics, Inc.
- AST Products Inc.
- Harland Medical Systems Inc,
- Kisco Ltd.
- Orion Industries, Ltd.
- Others
Market Share by End Use
The food and beverages sector accounts for a significant portion of the biocompatible coating market share as these coatings are used to ensure the optimal quality of food products. The coating serves as an advanced protection layer on the packaging to safeguard food and beverages from moisture, air, and contamination.
Biocompatible coatings also ensure the freshness of foods and beverages while prolonging their shelf life. Moreover, their widespread usage in medical devices for enhancing their safety is also expected to contribute to the market growth in the coming years.
Market Share by Region
As per the biocompatible coating market analysis, the Asia Pacific holds a substantial share of the market due to the rapidly increasing population and the growing demand for robust healthcare. The rising demand for medical devices and instruments, along with thriving medical tourism in countries like India, also boosts the necessity for biocompatible coating.
The development of advanced medical equipment is likely to lead to a surge in the usage of innovative biocompatible coatings with exceptional properties. Favourable government initiatives aimed at developing and modernising health infrastructure and equipment are further expected to drive the biocompatible coating market demand in the forecast period.
Competitive Landscape
Koninklijke DSM N.V., founded in 1902, is a multinational corporation operating in the health and nutrition sector. The company, with its headquarters in Heerlen, the Netherlands, is also a manufacturer of pharmaceuticals, industrial chemicals, and nutritional ingredients for food products.
Hydromer Inc, a polymer company, was founded in 1980 and has its headquarters in North Carolina, the United States. It extensively conducts research and development activities to boost the usage of polymer for commercial usage in the cosmetics, medical and other commercial sectors.
Biocoat Inc., founded in 1991 and based in Pennsylvania, the United States, is a manufacturer of biocompatible coatings. The company provides its custom-engineered products to equipment manufacturers and contract-based providers.
Other biocompatible coating market players include Specialty Coating Systems Inc., SurModics, Inc., AST Products Inc., Harland Medical Systems Inc, Kisco Ltd., and Orion Industries, Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Material |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Biocompatible Coating Market Analysis
8.1 Key Industry Highlights
8.2 Global Biocompatible Coating Historical Market (2018-2022)
8.3 Global Biocompatible Coating Market Forecast (2023-2028)
8.4 Global Biocompatible Coating Market by Type
8.4.1 Antibacterial
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Hydrophilic
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Biocompatible Coating Market by Material
8.5.1 Polymer
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Ceramics
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Metals
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Biocompatible Coating Market by End Use
8.6.1 Healthcare
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Medical Devices
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Food and Beverages
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Biocompatible Coating Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Biocompatible Coating Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Biocompatible Coating Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Biocompatible Coating Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Biocompatible Coating Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Biocompatible Coating Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Koninklijke DSM N.V.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Specialty Coating Systems Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Hydromer Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Biocoat Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 SurModics, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 AST Products Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Harland Medical Systems Inc,
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Kisco Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Orion Industries, Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Biocompatible Coating Market: Key Industry Highlights, 2018 and 2028
2. Global Biocompatible Coating Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Biocompatible Coating Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Biocompatible Coating Historical Market: Breakup by Material (USD Billion), 2018-2022
5. Global Biocompatible Coating Market Forecast: Breakup by Material (USD Billion), 2023-2028
6. Global Biocompatible Coating Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2022
7. Global Biocompatible Coating Market Forecast: Breakup by Industry Vertical (USD Billion), 2023-2028
8. Global Biocompatible Coating Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Biocompatible Coating Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Biocompatible Coating Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Biocompatible Coating Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Biocompatible Coating Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Biocompatible Coating Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Biocompatible Coating Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Biocompatible Coating Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Biocompatible Coating Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Biocompatible Coating Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Biocompatible Coating Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Biocompatible Coating Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Biocompatible Coating Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 14.73 billion.
The market is projected to grow at a CAGR of 12.9% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 30.09 billion by 2028.
The major market drivers are rapid increase in population, growing demand for robust healthcare services, and the increasing use of biocompatible coatings in food and beverage applications.
The key trends of the market include increasing medical tourism, rising focus on patient safety, and growing demand for polymer coatings in medical instruments.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The different end uses of the product are healthcare, medical devices, and food and beverages, among others.
The key market players are Koninklijke DSM N.V., Specialty Coating Systems Inc., Hydromer Inc, Biocoat Inc., SurModics, Inc., AST Products Inc., Harland Medical Systems Inc, Kisco Ltd., and Orion Industries, Ltd., among others.
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