Medical Coatings For Implants Market Expected To Witness A Substantial Growth Of USD 2.83 Billion By 2030

Posted by Neha Bora on August 17th, 2022

San Francisco, 17 Aug 2022: The Report Medical Coatings For Implants Market Size, Share & Trends Analysis Report By Product (Hydroxyapatite (HA), Titanium Plasma Spray, Nanoparticle), By Technology, By Application, By Region, And Segment Forecasts, 2022 - 2030

The global medical coatings for implants market size is expected to reach USD 2.83 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.0% from 2022 to 2030.The market is primarily driven by the rising preference for implantable medical equipment, the growing number of public and private hospitals, and the improvement of biocompatibility between tissues and medical devices. The growing geriatric population across the globe can result in the increased demand for medical implants, thus driving the market for medical coatings for implants.

Hydrophilic coatings are often utilized owing to their diversified characteristics, including high lubricity, low friction coefficient, and low particulate count. The growing usage of the product on different substrates is expected to drive the industry demand during the forecast period. Furthermore, the multi-functionality of the product and its increasing applications in various industries are expected to have a positive impact on the segment growth.

The growing demand for orthopedic implants has driven universities across the globe to develop new coating products to improve the implants' life. In May 2022, researchers from Swinburne University of Technology, RMIT University, and Flinders University created a unique coating that added gallium liquid metal to hydroxyapatite. The new technique is expected to improve the viability of metallic implants coated with hydroxyapatite and can contribute to the growth of the market.

The market has witnessed acquisitions by key players. For instance, in February 2022, Lincotek Group S.p.A. completed the acquisition of majority interest in U.S. Danco Medical Systems. The acquisition is expected to provide Lincotek Group S.p.A. an opportunity to increase its presence in the U.S. and extend its capabilities in the medical sector. In January 2021, N2 Biomedical announced the successful implantation of its first polyetheretherketone (PEEK) spine cage (used in spinal fusion procedures to maintain foraminal height and decompression) coated with its titanium coating technology in a patient.

Access Research Report of Medical Coatings For Implants Market @ https://www.grandviewresearch.com/industry-analysis/medical-coatings-implants-market-report

Medical Coatings For Implants Market Report Highlights

• By product, hydroxyapatite (HA) dominated the overall market and accounted for a revenue share of more than 50.0% in 2021
• The increasing prevalence of cardiovascular diseases is driving the demand for cardiovascular implants globally. This, in turn, is further creating demand for medical coatings in cardiovascular implants. Medical coatings are sprayed on cardiovascular implants to provide corrosion resistance and reduce allergic reactions to nearby tissues, which can result in the increased demand for cardiovascular implants
• Coating adhesion failure is one of the major issues associated with medical coatings for implants when the coating bond to the substrate is broken after sufficient force (load) is applied and the coating is dislodged from the surface. This can prove as a critical challenge for the market growth
• In June 2021, aap Implantate AG announced that the company’s antibacterial silver technology-coated implant showed no signs of bacterial infection. Silver is suited for coating medical implants because it has a very broad spectrum of activity against sessile and planktonic Gram-negative and Gram-positive bacteria. Thus, in addition to using silver as a coating for bone implants, it is also used in neurosurgery and cardiac and is expected to have a promising future potential
• In September 2021, Precision Coating Company, Inc. merged with N2 Biomedical, a company involved in offering surface treatment services to implants and medical devices. Precision Coating Company, Inc. is involved in providing medical coatings and application solutions for medical equipment like surgical case trays, containers, and surgical instruments

List of Key Players of the Medical Coatings For Implants Market

• Himed
• Hydromer
• DOT GmbH
• Lincotek Group S.p.A
• Medicoat AG
• CAM Bioceramics B.V.
• APS Materials, Inc.

Access Press Release of Medical Coatings For Implants Market @ https://www.grandviewresearch.com/press-release/global-medical-coatings-implants-market