Global Catheter Coating Market Ascends at a Healthy CAGR of 6.8%

Introduction

Catheters are inserted into a patient's body to deliver medications or fluids, aiding the body in removing substances. In procedures for spinal surgery, urinary incontinence, urinary retention, and other conditions, catheters are frequently used. These medical devices are prone to developing biofilms since they are placed into the body, which can cause diseases such as urinary tract infections. In order to avoid this, various materials or substances are coated on catheters. Catheters can be coated with various materials to make them easier to pass through the body, including hydrophilic, antimicrobial, and drug-eluting materials.

Market Dynamics

Growing Prevalence of Catheter-Associated Urinary Tract Infections (CAUTI) Drives the Global Market

Urinary tract infections (UTIs) associated with catheters have significantly increased recently. According to the Centers for Disease Control and Prevention, CAUTI was associated with over 13,000 deaths in 2018. 15–25% of hospitalized patients use urinary catheters during their stay. The main risk factor for getting a catheter-related UTI (CAUTI) is using the urinary catheter for an extended period. Therefore, the increase in CAUTI is one of the major factors propelling the growth of the catheter coating market.

High Potential in Developing Markets Creates Tremendous Opportunities

Participants in the catheter coating market have lucrative opportunities due to the developing economies of Asia-Pacific and Europe. Increased R&D, innovation, and consumer awareness of coating technologies are predicted to positively impact the market during the forecast period. Opportunities for market expansion are anticipated to materialize soon due to catheter coating technologies' slow but steady adoption. The market is expanding due to rising awareness of catheter-associated urinary tract infections (CAUTI) and significant players like B. Braun, Covalon OEM Technologies, Hydromer, and PolyOne Corporation. As a result, the above factors will offer various market growth opportunities in developing nations.

Regional Analysis

North America is the most significant contributor to the global catheter coating market and is expected to grow at a CAGR of 5.60% during the forecast period. North America has long experienced the highest adoption of catheter coating market technologies due to the ongoing development, accessibility, and availability of catheters for various medical procedures and treatments. The U.S. catheter coating market is anticipated to hold the largest global market share due to the rising prevalence of urinary incontinence and the growing geriatric population. According to projections from the Population Reference Bureau, the number of Americans 65 and older is predicted to double in 2019, going from 52 million in 2018 to 95 million in 2060. Additionally, as of 2019, the Urology Care Foundation estimated that 33 million Americans suffer from an overactive bladder. Their research indicates a connection between urinary incontinence and aging populations. As a result, the market for catheter coatings in North America is growing due to the increasing demand for catheters.

Europe is expected to grow at a CAGR of 7.20% during the forecast period. The European catheter coating market is primarily driven by the rise in the continent's prevalence of cardiovascular diseases (CVDs). According to the European Heart Network, 1.8 million people in the European Union and 3.9 million people in Europe lost their lives to CVDs in 2017. The market for catheter coating will grow due to the increased demand for catheters in the region. In addition, the German catheter coating market is steadily growing due to an increase in cases of urinary incontinence and bladder weakness in the country. The catheter coating industry will profit from increased CVD cases, urinary incontinence, and bladder weakness.

Key Highlights

• The global catheter coating market was valued at USD 10.2 Billion in 2022. It is expected to reach USD 19.4 Billion by 2031, growing at a CAGR of 6.8% during the forecast period (2023–2031).
• Based on the material, the global catheter coating market is bifurcated into metal and polymer. The polymer segment is the highest contributor to the market and is expected to grow at a CAGR of 6.80% during the forecast period.
• Based on the type, the global catheter coating market is bifurcated into hydrophilic coatings, drug-eluting coatings, and anti-microbial coatings. The hydrophilic coatings segment owns the highest market share and is expected to grow at a CAGR of 7.40% during the forecast period.
• North America is the most significant contributor to the global catheter coating market and is expected to grow at a CAGR of 5.60% during the forecast period.

Competitive Players

1. B. Braun Melsungen Ag
2. Biocoat Incorporated
3. Covalon OEM Technologies
4. Cuumed Catheter Medical Co.Ltd
5. Hydromer
6. LipoCoat BV
7. Polyone Corporation
8. Royal DSM
9. Specialty Coating Systems Inc
10. Surmodics Inc

Recent Developments

• April 2022- Partnership for the development of a coated CVC catheter for long-term infection control was announced by CEMMA and LipoCoat.
• June 2022- The Brazilian animal nutrition and technology company Prodap, which combines technology offerings, consulting services, and tailored nutritional solutions to promote efficiency and sustainability in animal farming, agreed to be acquired by Royal DSM, a global purpose-led science-based company.

Segmentation

1. By Type
   1. Metal
   2. Polymer
2. By Materials
   1. Hydrophilic Coatings
   2. Drug-eluting Coatings
   3. Anti-microbial Coatings
   4. Others