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Hydrophilic Coating Market Size & Share: Industry Report, 2018 - Future Growth, Recent Trends, Opportunities, Attractiveness, Competitive Landscape and Forecasts 2023


Pune, India -- (SBWIRE) -- 08/09/2018 -- Hydrophilic Coatings Market – Market Overview

Hydrophilic Coatings offer reduced surface friction and enhanced lubricity, acting as a microscopic sponge and water or any other liquid provides excellent low friction characteristics as long as the coatings remains wet.

The primary driver of the Global Hydrophilic Coatings Market is the increasing demand for controlled lubricity of medical devices surface. These coatings are suitable for biological interactions as they react with water to form hydrogel material which reduces the insertion force and avoids possible puncture damage. Hydrophilic Coatings are biocompatible and prevent any minute chances of infections due to their anti-microbial properties. These coatings are used in catheters, guide-wires, and cannulas as they reduce the occurrences of inflammation and damage caused by these devices. The other market drivers include their use as an anti-fog agent in automotive parts and in marine industry to reduce kinematic friction between the coated boats and water surfaces. The coatings are also used in ophthalmology for placing intraocular lenses (IOLs) devices to reduce the catastrophic bursting incidences and incision size, which is likely to propel the market growth during the forecast period.

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Hydrophilic Coatings Market- Competitive Landscape

The Global Hydrophilic Coatings Market is witnessing rapid growth primarily driven by growing demand from medical, automotive, optical, and marine industry. Hydromer Inc, Abbott, Corning Incorporated, Harland Medical Systems, Surmodics, Inc., DSM, Biocoat Incorporated, Aculon, AST Products, Inc., and AdvanSource Biomaterials Corp are some of the leading players in this market. Most of these market participants are adopting the acquisition, merger tactics and launching new products in order to strengthen their market position and meet the growing demand. Growing demand for biocompatible medical devices and automotive is the key factor driving the Global Hydrophilic Coatings Market. With the increasing number of collaborations and agreements between manufacturers, distributors, and marketing firms, the Global Hydrophilic Coatings Market is set to witness considerable competition over the review period of 2018-2023.

Industry/ Innovation/ Related News:

August 20, 2015- Hydromer, Inc announced the release of three new medical ultra-hydrophilic coatings that stay hydrated for longer period of time for use in urological, gynaecological, and gastrointestinal catheters and devices. These new coatings were marked under the brand name "STAYWET". Hydromer offered this new coating technology to their partners in medical device industry for enhancement of their products to reduce patient discomfort to a great extent.

September 01, 2016- Hydromer, Inc announced that it entered into two medical coating license agreements which included the sale of proprietary and in-house manufactured coating machinery. One of the client was from Russia and was using Hydromer's proprietary medical coating for their Urinary Dilator catheters. The other was from India, using Hydromer's coating for their propylene Intraocular Lens (IOL) injector nozzles.

October 26, 2016- Hydromer announced their medical coating services agreements for guide-wires and catheters. Hydromer's wholly owned subsidiary, Bioresearch Medical Products, Inc., a FDA registered medical device company performed the coating services using patented Hydromer lubricious coatings. One client was located in the U.S. and coated their specialized guidewire with Hydromer's coatings. The other one was from Mexico and sent their Vascular Support Catheters to be coated on the exterior surface to facilitate smooth insertion and removal from the patient.

November 08, 2016- Surmodics Inc. announced the launch of a single-coat formulation of its most advanced hydrophilic medical device coating named Serene Solutions. This single-coat solution has been specifically formulated for individual medical device applications to meet the challenge of achieving the right balance of lubricity and durability for intravascular products. Gary Maharaj, president and chief executive offers said there has been a quick adoption of Serene Coatings among manufacturers with increasing regulatory attention focused on lowering particulates.

January 25, 2017- Advansource Biomaterials Corporation, a leading developer of advanced polymer materials for a broad range of medical devices, announced a strategic alliance with Medibrane Ltd., a leading Israel based coating technology company. The strategic alliance enabled both the parties to offer customized solutions to their customers.

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