[FURL=https://www.industryarc.com/Research/Catheter-Coatings-Market-Research-507097?utm_source=briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Catheter Coatings Market[/FURL] size is estimated to reach $1.5 billion by 2026, growing at a CAGR of 6.4% during the forecast period 2021-2026. Catheter Coatings are the catheters that have been coated with an additional substance. These coatings allow the catheters to pass through the body very easily. The coated catheters have a significant reduction in bacterial adhesion, compared to uncoated catheters. These coatings also bring attraction to temporary as well as permanently implanted medical devices. The rise in the adoption of hydrophilic coatings on medical devices, increase in the demand for coated latex rubber catheters in developed nations, growing prevalence of catheter-associated urinary tract infections, rise in the demand for cardiovascular and urology catheters, and an increase in the demand for coated catheters that allow intravascular drug delivery are the factors that are set to drive the growth of the Catheter Coatings Market for the period 2021-2026.Key Takeaways
Geographically, North American Catheter Coatings Market accounted for the highest revenue share in 2020 and is poised to dominate over the period 2021-2026 owing to the growing demand for coated latex rubber catheters.
The increase in the adoption of hydrophilic coatings on medical devices is driving the hydrophilic coatings segment.
The regulatory concerns in developed nations are one of the major restraining factors that reduce the growth of the Catheter Coatings Market.
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Catheter Coatings Market Segment Analysis-By Geography
North America held the largest share with 32% of the overall market in 2020. The growth in this segment is owing to the factors such as increase in the demand for coated latex rubber catheters, rise in the demand for drug-eluting coatings, and growing prevalence of urinary incontinence. The rise in the adoption of hydrophilic coatings on medical devices is driving the growth of the Catheter Coatings Market. Asia-Pacific is estimated to be the fastest growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as increase in the awareness about coated urinary self-catheters, rise in the adoption of antimicrobial coatings, and growing demand for intermittent catheters.
Catheter Coatings Market Drivers
Rise in the demand for Hydrophilic Coatings
Increase in the Adoption of Coatings on Medical Devices in Developed Nations
Catheter Coatings Market top 10 companies are ROYAL DSM, Surmodics Inc, Hydromer, Polyone Corporation, Toray Industries Inc, Mitsubishi Rayon Co Ltd, Composiflex Inc, Biocoat Incorporated, Covalon OEM Technologies, and Icotec AG among others.
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