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The biocompatible coating market was valued at USD 14.65 billion in 2023. It is expected to grow at a CAGR of 12.1% during the forecast period of 2024-2032 and attain a market value of USD 40.95 billion in 2032.
The market value is impacted by the increasing use of such platforms and ongoing technological advancements in this field. There has been a significant increase in number of patent applications associated with biocompatible coating as it is widely utilized in medical devices because of their capacity to improve biocompatibility and lower friction, including implants, surgical instruments, and catheters.
The Global Biocompatible Coating Patent Landscape Report provides a comprehensive and in-depth analysis of the patents in this growing industry. The key sections captured in the report for global biocompatible coating includes a thorough examination of the patent portfolios of key players, covering aspects such as the number of patents and types of technologies patented. It includes the latest trends, geographical distribution of patents, top IP player profiles, technological segmentation, and patent valuation. The breakdown of patents by technical segments is provided, giving more clarity on the specific areas of innovation within biocompatible coating technologies.
Biocompatible coatings along with 3D printing technologies, can be applied to create devices and implants that are specifically altered to the needs of each patient. Therefore, such techniques have a significant impact on the patent landscape.
Biocompatible coating is a thin layer applied to implants or medical devices to improve their compatibility with biological systems. These coatings are intended to reduce inflammation and enhance device functionality by minimizing negative reactions and fostering integration with surrounding tissues. Medical treatments are made safer and more effective with the help of biocompatible coatings, which frequently have qualities like biodegradability, non-toxicity, and the capacity to mimic natural tissue characteristics.
Biocompatible coating market continues to evolve as material-coated orthopedic implants last longer and cause fewer problems. This encourages its application in joint replacements and other orthopedic surgeries. To comply with strict guidelines and standards pertaining to the effectiveness and safety of medical devices, manufacturers are being compelled to use biocompatible coatings. This acts as a key factor impacting the patent landscape significantly.
Increasing Demand for Medical Devices is Expected to Boost the Market Growth
The capacity of biocompatible coatings to strengthen device integration with biological systems and decrease unfavourable reactions like rejection or inflammation has led to increased utilization of biocompatible coatings. The emphasis on improving overall patient safety is driving its demand for medical devices as well. For instance, Medtronic’s Cortiva BioActive Surface is a robust bioactive coating used in cardiopulmonary bypass circuit devices with attached heparin coating technology. It offers improved blood compatibility and thromboresistant blood-contacting surfaces.
The need for reliable and compatible medical treatments is driven by the increasing prevalence of chronic diseases, regulatory requirements for safer medical interventions, and advances in materials science. The biocompatible coatings patents are expected to rise to meet the global healthcare needs.
Growing Technological Advancements is Expected to Propel the Biocompatible Coating Industry
Technological developments in the biocompatible coating market are essential because they consistently enhance the functionality, durability, and efficacy of coatings on medical equipment. The creation of coatings based on nanotechnology intended for targeted drug delivery, sophisticated surface modification methods for improved biocompatibility, and the incorporation of intelligent materials that react to physiological conditions are examples of recent innovations. These developments meet strict regulatory requirements and enhance patient outcomes, which not only broaden the scope of biocompatible coating application but also propels the market growth. With the increasing technological advancement, there has been an increase in patent grants rising from 4,665 patents in 2022 to 4,791 patents in 2023.
The report provides an in-depth analysis of the patents in this field by the following segmentation -
Breakup by Type
Breakup by Material
The breakup based on type includes antibacterial, hydrophilic and others.
In hydrophilic biocompatible coating, the medical equipment that has been subjected to plasma treatment is exposed to ionized gases. This changes their surface by forming reactive groups that raise surface energy. This procedure promotes positive interactions with biological fluids and tissues, increasing hydrophilicity and enhancing device biocompatibility.
The detailed technological data will be provided for all specified segments classified in this report.
The United States is one of the leading jurisdictions for biocompatible coating patents, having around 181,000 patents. The presence of a well-established healthcare infrastructure, a robust legal framework and prominent research institutions engaged in innovations contributes to the patent landscape significantly.
Holding a significant chunk of the global population, China is another vital jurisdiction and is witnessing rapid growth in patent filings. The expanding healthcare landscape in the region contributes to the evolving research capabilities, thereby influencing a surge in patent applications.
Among the players with biocompatible coating patent families, new entrants have been identified, which can be either established companies or startups developing their first technology in the field. Some of the major companies mentioned in this report (a non-exhaustive list) are as follows:
Boston Scient Scimed INC
Boston Scientific Corporation's subsidiary, Boston Scientific Scimed Inc., has expertise in medical devices and solutions. It is renowned for advancements in endoscopy, urology, and cardiovascular technologies, including the use of biocompatible coatings to improve patient outcomes and device performance. Their goal is to supply minimally invasive medical solutions worldwide, and their proficiency in creating cutting-edge coatings helps them achieve this goal.
Medtronic plc
It is a leader in medical technology worldwide, providing a variety of tools and treatments for long-term illnesses. Their biocompatible coatings for medical equipment improve biocompatibility and lower risk during treatments like heart surgery and neurovascular interventions. Medtronic's objective to enhance healthcare outcomes globally is bolstered by its dedication to innovation in biocompatible coatings.
Other companies include Genentech Inc., and Vertex Pharma, among others.
The Global Biocompatible Coating Patent Report provides information on the intellectual property (IP) position and strategy of key players. This report can help companies and players looking to enter or invest in this field by:
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Introduction
2 Executive Summary
3 Global Biocompatible Coating Market Overview
3.1 Global Biocompatible Coating Market Historical Value (2017-2023)
3.2 Global Biocompatible Coating Market Forecast Value (2024-2032)
4 Global Biocompatible Coating Market Segmentation
4.1 Global Biocompatible Coating Market (2017-2032) By Type
4.1.1 Market Overview
4.1.2 Antibacterial
4.1.3 Hydrophilic
4.1.4 Others
4.2 Global Biocompatible Coating Market (2017-2032) by Material
4.2.1 Market Overview
4.2.2 Polymer
4.2.3 Ceramics
4.2.4 Metals
4.2.5 Others
4.3 Global Biocompatible Coating Market (2017-2032) by End User
4.3.1 Market Overview
4.3.2 Device Manufacturer
4.3.3 Food and Beverages Companies
4.3.4 Others
5 Global Market Dynamics
5.1 Market Drivers and Constraints
5.2 Porter’s Five Forces Analysis
5.3 PESTEL Analysis
5.4 Industry Events, Initiatives, and Trends
5.5 Value Chain Analysis
6 Global Biocompatible Coating Patent Landscape Analysis
6.1 Patent Distribution by Publication Year
6.2 Patent Distribution by Application Year
6.3 Patent Distribution by Priority Year
6.4 Analysis by Type of Patent
6.4.1 Granted Patents
6.4.2 Patent Application
6.4.3 Amended Application
6.4.4 Search Report
6.5 Analysis by Legal Status
6.5.1 Active
6.5.2 Pending
6.5.3 Expired/Discontinued
6.6 Analysis by Patent Jurisdiction
6.7 Analysis by Patent Age
6.8 Analysis by Cooperative Patent Classification (CPC) Codes
6.9 Average Time to Publish a Patent
6.9.1 By Entities
6.9.2 By Jurisdiction
6.9.3 By Technology
6.10 Analysis by Type of Entity (Academic and Non-Academic)
6.11 Analysis by Top Applicants
6.12 Analysis by Top Inventors
7 Global Biocompatible Coating Patent Analysis by Technology
7.1 Total Patents by Top Technologies
7.2 Time Evolution of Patents by Technology
7.3 Emerging Technologies
7.4 Patent Segmentation, By Type
7.4.1 Time Evolution by Number of Patents
7.4.2 Time Evolution by Number of Patent Families
7.4.3 Analysis by Type of Entity (Academic vs Non-Academic)
7.4.4 Analysis by Top Applicants
7.4.5 Analysis by Top Inventors
7.5 Patent Segmentation, By Material
*Complete technology list will be provided in the report.
8 EMR Patent Valuation Analysis
8.1 Assessment Methodology
8.2 High Value Patents
8.3 Medium Value Patents
8.4 Low Value Patents
9 Global Biocompatible Coating – Top 10 Players Patent Analysis
9.1 Top 10 Entities by Number of Patents
9.2 Analysis by Publication Year
9.3 Analysis by Application Year
9.4 Analysis by Priority Year
9.5 Analysis by Type of Patent
9.6 Analysis by Jurisdiction
9.7 Analysis by Cooperative Patent Classification (CPC) Codes
9.8 Analysis by Source of Innovation
9.9 Analysis by Forward and Backward Citations
9.10 Analysis by Legal Status
9.11 Analysis by Patent Age
9.12 Analysis by Key Inventors
9.13 Entity Dynamics
9.13.1 Analysis by Type of Player (Academic vs Non-Academic)
9.13.2 Analysis by Collaboration
9.13.3 Analysis by Technology
9.13.4 Newcomers
9.13.4.1 Start-up Companies
9.13.4.2 Established Companies
10 Patent Profile of Key Players
10.1 Boston Scient Scimed Inc.
10.1.1 Product Portfolio
10.1.2 Patent Portfolio by Patent Families
10.1.3 Time Evolution of Patents
10.1.4 Geographical Patent Coverage
10.1.5 Patent Analysis by Technology
10.1.6 Patent News and Developments
10.1.7 Financial Analysis
10.1.8 SWOT Analysis
10.2 Medtronic Inc
10.3 Genentech Inc.
10.4 Vertex Pharma
11 Future Trends
12 Global Biocompatible Coating Market Landscape (Additional Insight) *
12.1 Global Biocompatible Coating: Developers Landscape
12.1.1 Analysis by Year of Establishment
12.1.2 Analysis by Company Size
12.1.3 Analysis by Region
12.2 Global Biocompatible Coating: Product Landscape
12.2.1 Analysis by Type
12.2.2 Analysis by Material
*Additional insights are not provided in the standard report.
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