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Hydrophilic Coatings Market Analysis:Hydrophilic Coatings Market is touted to have a towering growth at an outstanding CAGR during the forecast period (2017-2023). Hydrophilic coatings are used for reducing surface friction and enhancing lubricity. They are low friction and wet table coatings that has cross-linked polymer coating that uptakes the liquid readily when exposed to the source. It is used on medical devices namely cannulas, catheters and guide wires. The hydrophilic coatings help in reducing the damage and inflammation that results from medical devices when used on patients.
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Such coatings have water attracting characteristics that react on water thereby producing hydrogel material that is wettable and lubricious and ideal for biological interactions. The hydrophilic coatings are used in auto parts namely rear-view mirrors and body for glazing in the form of anti-fog agents and also in optical devices namely outdoor displays, outdoor surveillance, camera windows and others. Owing to its high lubricity level, such coatings allows devices in navigating the tortuous anatomical pathways thereby reducing tissue irritation as well as adding to the comfort of the patient.
There are several factors that is propelling the growth of the hydrophilic coatings market. These factors according to MRFR (Market Research Future) report include increasing use of hydrophilic coatings in various application industries namely optical, marine, automotive, medical devices & equipment and others, massive boost in expenditure on various high-end medical devices owing to constant requirement for proper healthcare and medical facilities, aging population, increasing health awareness, rising income level, growing awareness regarding new medical practices and accessibility of improved healthcare amenities. On the contrary, strict regulation laid down by the FDA (Food and Drug Administration) for 510K Clearance may hinder hydrophilic coatings market growth.
Market Segmentation:
Market Research Future report offers a comprehensive segmental analysis of the hydrophilic coatings market on the basis of substrate and application.
Based on substrates, it is segmented into nanoparticles, metals, glass and ceramics, polymers and others. Of these, polymers will have the largest share in the market during the forecast period. Along with offering resistance to protein absorption, polymers also help in preventing swelling as it is exposed to tissues, bodily fluids or water. Besides, making polymers lubricious is easy for facilitating its smooth application as well as removal.
Based on application, the hydrophilic coatings market is segmented into optical, marine, automotive, medical devices and equipment and others. Of these, the medical devices and equipment will lead the market owing to hydrophilic coatings’ water-friendly characteristics. Such coatings provide lubricity to the disposable medical devices namely guide wires and catheters. It also helps in reducing insertion force to avoid possible severe damage and puncture damage made in the vessel walls and device surface.
Regional Analysis:
Based on region, the hydrophilic coatings market covers growth opportunities and latest trends across Asia Pacific, North America, Europe, Latin America and Middle East and Africa. Of these, APAC will outweigh other regions in the hydrophilic coatings market during the forecast period owing to high production as well as sales of medical and automotive devices here. The hydrophilic coatings market in North America will have a favorable growth due to the reviving auto industry coupled with high production of medical devices and also exports. Rising expenditure on improved healthcare and medical facilities in Europe is anticipated to fuel the growth of the market in this region. The rising production along with exportation of auto parts in the UK and Germany is expected to drive the market growth further. The rising production as well as sales of automotive particularly in Brazil is a key factor propelling the growth of the hydrophilic coatings market in Latin America.
Competitive Analysis:
The hydrophilic coatings market is competitive and fragmented with the existence of various regional and international vendors. The key players are constantly undergoing diverse product innovations and strategic alliances for gaining share in the market.
Key Players:
Leading players profiled in the hydrophilic coatings market include AdvanSource Biomaterials Corp (U.S.), AST Products, Inc. (U.S.), Aculon (U.S.), Biocoat Incorporated (U.S.), DSM (Netherlands), Surmodics, Inc. (U.S.), Harland Medical Systems (U.S.), Corning Incorporated (U.S.), Abbott (U.S.), and Hydromer Inc. (U.S.).
March 2019 - Specialty hydrophilic biomaterial coatings manufacturer for medical devices, Biocoat, Inc. has lately received the registration certification for ISO 13485:2016 Quality Management System. This company specializes in lubricious hydrophilic coatings especially for medical devices utilized in ophthalmic, peripheral, cardiovascular and neurovascular markets to contract manufacturers and original equipment manufacturers.
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