The hydrophilic coatings market is experiencing significant growth due to the increasing demand for medical devices that can minimize patient discomfort and improve medical outcomes. Hydrophilic coatings provide lubricity and reduce friction, enabling easier insertion of medical devices, such as catheters and guide wires. The healthcare industry's increasing focus on infection prevention and control is also driving demand for hydrophilic coatings, as these coatings can prevent the adhesion of bacteria and other microorganisms to the surfaces of medical devices. The market is also benefiting from the development of new hydrophilic coating materials that offer enhanced properties, such as improved durability and biocompatibility. However, the market's growth may be hindered by the high cost of hydrophilic coatings and the increasing demand for alternative coating technologies.
Global Hydrophilic Coatings Market was valued at US$ 13.16 Bn in 2021 in terms of revenue, exhibiting a CAGR of 6.69 % during the forecast period (2022 to 2030).
Key Leaders in the Hydrophilic Coatings Industry:
1. SurModics Inc.
SurModics Inc. is a publicly traded American company founded in 1979 and headquartered in Eden Prairie, Minnesota. The company provides surface modification and in vitro diagnostic technologies to the healthcare industry. It operates in the United States, Europe, and Asia. In February 2021, the company announced the launch of its Serene hydrophilic coating technology, which is designed to improve the lubricity and biocompatibility of medical devices.
2. Aculon Inc.
Aculon Inc. is a privately held American company founded in 2004 and headquartered in San Diego, California. The company specializes in surface engineering technologies for a variety of industries including electronics, energy, and healthcare. It operates in the United States and Europe. In November, 2022 Aculon, Inc., a specialty chemical company with expertise in developing and manufacturing nano-technology coatings for surface modification, has entered a partnership with Shotwell Hydrogenics, a prominent oil and gas specialty chemical supplier, to expand the adoption of Aculon’s technology in the energy industry.
3. Surface Solutions Group LLC
Surface Solutions Group LLC is a privately held American company founded in 2006 and headquartered in Elk Grove Village, Illinois. The company provides surface treatment and coating solutions to the medical device industry. It operates in the United States and Europe.
4. Hydromer Inc.
Hydromer Inc. is a publicly traded American company founded in 1981 and headquartered in Branchburg, New Jersey. The company provides hydrophilic coatings and surface modification technologies to the medical device industry. It operates in the United States, Europe, and Asia.
5. Teleflex Incorporated
Teleflex Incorporated is a publicly traded American company founded in 1943 and headquartered in Wayne, Pennsylvania. The company provides medical technologies for a variety of clinical applications. It operates in over 40 countries worldwide. In February, 2023 Teleflex Incorporated a leading global provider of medical technologies, announced it was awarded a group purchasing organization (GPO) agreement with Premier®, Inc. for the Titan SGS® powered stapling device, expanding access to this innovative technology for surgeons affiliated with Premier.
6. AdvanSource Biomaterials Corp.
AdvanSource Biomaterials Corp. is a publicly traded American company founded in 1994 and headquartered in Wilmington, Massachusetts. The company develops and manufactures polymer materials for the medical device industry. It operates in the United States and Europe.
7. Koninklijke DSM N.V.
Koninklijke DSM N.V. is a publicly traded Dutch company founded in 1902 and headquartered in Heerlen, Netherlands. The company provides materials, solutions, and technologies for the healthcare, nutrition, and materials industries. It operates in over 50 countries worldwide. In 2020, the company announced the launch of its ComfortCoat hydrophilic coating technology, which is designed to improve the comfort and biocompatibility of medical devices.
8. Covalon Technologies Ltd.
Covalon Technologies Ltd. is a publicly traded Canadian company founded in 2004 and headquartered in Mississauga, Ontario. The company develops and manufactures advanced wound care and infection prevention products. It operates in Canada, the United States, and Europe.
9. Harland Medical Devices
Harland Medical Devices is a privately held American company founded in 1985 and headquartered in San Diego, California. The company specializes in the design, development, and manufacturing of medical devices and instruments. It operates in the United States and Asia.
*Definition- Hydrophilic coatings are thin layers of material that attract and hold water molecules on their surface, creating a slippery, lubricious surface. They are commonly used on medical devices to reduce friction during insertion and improve patient comfort.
