The global hydrophilic coatings market is estimated to be valued at USD 18.81 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031. Hydrophilic coatings are materials that have an affinity for water molecules due to some chemical composition. Over the years, hydrophilic coatings have gained prominence due to their ability to repel water and prevent microbial growth. The global hydrophilic coatings market is set to grow significantly in the coming years as these coatings find wide applications in the medical device industry. Catheters, implants, and other medical equipment used inside the human body require hydrophilic coatings to create a slippery surface that facilitates smooth insertion and removal without causing pain or injury to tissues. With rising healthcare spending and growing elderly population globally, the demand for various medical devices is surging. This is projected to drive the sales of hydrophilic coatings over the forecast period.
Market Dynamics:
The global hydrophilic coatings market is witnessing strong growth driven by factors such as rising usage of urinary catheters for the treatment of various urological conditions affecting the growing aging population worldwide. Hydrophilic coatings are increasingly being used to coat the surface of urinary catheters as they allow for easy insertion and removal of the catheter with minimal friction or damage to fragile urethral tissues. Additionally, the increasing prevalence of lifestyle diseases has boosted the demand for various cardiovascular medical devices such as stents and heart valves that require hydrophilic coatings. However, the availability of alternative lubricious coatings could restrict the market growth to some extent. On the other hand, ongoing research & development to expand the application range of hydrophilic coatings into new domains like ophthalmology and dentistry presents bright opportunities for market participants over the forecast period.
Key Features of the Study:
Detailed Segmentation-
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* Browse 25 market data tables* and 20 figures* on “Global Hydrophilic Coatings Market” - Global forecast to 2031.
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