Market Insights
What is Hydrophilic Coating?
Hydrophilic coatings are a type of coating that has a water-loving property. This means that they are able to absorb water and swell, which can provide a number of benefits, such as improved wettability, corrosion resistance, and bioadhesion.
Market Dynamics
The demand for hydrophilic coatings from the medical device industry is likely to increase considerably during the forecast period. The demand for catheters and guidewires has been steadily rising due to continued medical device innovation and technical advancement. As a result, the market has benefited from an increase in demand from the medical industry for hydrophilic coatings. Moreover, owing to the increasing number of hospitals across the world, along with the increasing requirement for medical assistance, the demand and production of such medical devices have been growing at a strong pace. Overall, the Hydrophilic Coating market is likely to rebound at a promising CAGR of 6% during the forecasted period 2023-2028.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Substrate-Type Analysis
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Polymers, Glass/Ceramics, Metals, Nanoparticles, and Others
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Polymers are anticipated to remain the biggest demand generator for profile seals in the years to come.
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End-User-Type Analysis
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Medical Devices, Optics, Automotive, Aerospace, Marine and Others
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Medical Devices are anticipated to remain the largest segment.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
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Substrate Trends
The hydrophilic coating market is segmented into polymers, glass/ceramics, metals, nanoparticles, and others. Polymers are expected to remain the largest segment in the market during the forecast period. This is due to the increasing use of polymers in various end-use industries, such as medical devices, optics, and automotive and the rising adoption of these hydrophilic polymers for coating applications is improving the growth of the market.
End-Use Industry Trends
The market is segmented into medical devices, optics, automotive, aerospace, and marine. Due to their widespread use in products including contact lenses, intraocular lenses, and catheters, medical devices are anticipated to remain the largest end-user market for hydrophilic coatings. Another important end-user sector is optics since hydrophilic coatings are employed in many optical applications, including lenses, prisms, and mirrors.
Regional Analysis
Asia-Pacific is expected to remain the largest market for hydrophilic coating during the forecast period. Due to the significant demand for these coatings in medical equipment, the medical sector is anticipated to have the biggest demand for hydrophilic coatings in China. The need for hydrophilic coatings is rising quickly in the region as a result of the constant need for good medical and healthcare facilities, rising health awareness, and an aging population. These factors are also driving up the cost of high-end medical devices.
North America is also likely to create sizeable opportunities in the coming five years, due to the presence of a large number of end-users, such as the medical devices and automotive industries.
The hydrophilic coating market is segmented into the following categories:
By Substrate Type
- Polymers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Glass/Ceramics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Metal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Nanoparticles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By End-User Type
- Medical Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Optics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aerospace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the hydrophilic coating market. Most of the major players are providing complete profile systems including profile seals.
- Hydromer, Inc.
- Harland Medical Systems Inc.
- Surmodics Inc.
- Koninklijke DSM NV
- Biocoat inc.
- Aculon Inc.
- AST Products, Inc.
- Advansource Biomaterials Corporations
- Surface Solutions Group LLC
- Teleflex, Inc.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s hydrophilic coating market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
