Major players operating in the biomaterial coating market include, Wright Medical Group N.V., Royal DSM (Koninklijke DSM N.V.), Zimmer Biomet, Corbion (CSM N.V.), Bayer AG, Covalon Technologies Ltd., Carpenter Technology Corporation (CRS Holdings Inc.), Evonik Industries AG, BASF SE, CAM Bioceramics BV, Biocoat, Inc., Invibio, Berkeley Advanced Biomaterials, Inc. and Collagen Matrix, Inc.
In-depth Report on Biomaterial Coating Market by Coherent Market Insights:
The concept of biomaterial coating is to coat various objects with nanometer-scale composite materials. The idea behind this concept is to use the science of nanotechnology to create highly conductive inorganic materials that can be applied to a wide range of surfaces. This coating process involves applying the composite materials through mechanical or chemical means to a particular surface. The applications of this concept are only limited by a variety of factors, such as type of surface to coat, design of composite material, and the thickness and surface texture of the object to coat. Biomaterial coatings find application in variety of everyday things such as label products, medical devices, glass products, and fiberglass products.
Market Dynamics
High prevalence of hospital-acquired infections and infections caused due to use of catheters is expected to propel growth of the biomaterial coating market. For instance, according to the United States Centers for Disease Control (CDC), it is estimated that hospital-acquired infections account for about 1.7 million infections, among which 99,000 associated deaths each year in the U.S.
Moreover, R&D in biomaterial coatings is also expected to aid in growth of the biomaterial coating market. For instance, in June 2020, Cambium Biomaterials, Inc. became the first company to field test a novel bio-based fire-resistance product in a fire-in-flight demonstration. The company the US Naval Air Warfare Center, Weapons Division in China Lake, U.S. collaborated to develop bio-based, high-temperature composite materials capable of providing enhanced fire protection to aircraft, ships, submarines, spacecraft, and other applications.
Increasing funding for R&D is expected to offer lucrative growth opportunities for players in the biomaterial coating market. For instance, in December 2020, Cellugy, the Danmark-based biotech startup developing biomaterials, raised US$ 2.88 million in seed round funding from the European Innovation Council Accelerator Pilot Phase 2.
Competitive Analysis
Major players operating in the biomaterial coating market are focused on launching various services and products to enhance their market share. For instance, in September 2019, Biocoat, Inc. launched an ISO-certified, full-service on-site facility for the application of its HYDAK coatings to its customers unique medical devices.
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