Global Medical Device Coatings Market to Reach US$ 17.0 Billion by 2032, Impelled by Growing Prevalence of HAIs

February 24, 2023 | Chemical & Materials

The latest report by IMARC Group, titled "Medical Device Coatings Market Report by Product (Hydrophilic Coatings, Antimicrobial Coatings, Drug-Eluting Coatings, Anti-Thrombogenic Coatings, and Others), Material (Metals, Ceramics, Polymers), Application (Neurology, Orthopedics, General Surgery, Cardiovascular, Dentistry, Gynecology, and Others), and Region 2024-2032," finds that the global medical device coatings market size reached US$ 9.4 Billion in 2023. Medical device coatings (MDCs) are used to improve the maneuverability and performance of various medical devices, such as cardiovascular, orthopedic, surgical, dental implants, neurology, and gynecology devices. They provide sharp edges on cutting instruments while improving wear resistance, increasing lubricity, and reducing galling between sliding components. They also prevent allergenic substances and bacteria on medical devices to avoid infections in patients. Owing to these benefits, medical device coatings find extensive applications in the healthcare industry.

Global Medical Device Coatings Market Trends:

The market is primarily driven by the growing prevalence of hospital-acquired infections (HAIs) caused by contaminated medical instruments, such as respiratory machines and catheters. In addition, the increasing utilization of minimally invasive (MI) medical devices to protect patients from thrombogenicity, blood vessel damage, and other internal injuries represent another major growth-inducing factor. Besides this, healthcare professionals are widely using implantable devices, such as implantable cardiac defibrillators (ICDs), hip implants, cardiac pacemakers, coronary stents, interocular lenses, and implantable insulin pumps. This, coupled with the escalating demand for nanocoating in medical devices to repel water, oil, dry particles, and dirt, is positively influencing the market growth. Moreover, the easy availability of novel medical devices across the globe and the increasing government expenditure on healthcare infrastructures are also creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 17.0 Billion by 2032, exhibiting a CAGR of 6.7% during the forecast period (2024-2032). 

Market Summary:

  • Based on the product, the market has been segmented into hydrophilic, antimicrobial, drug-eluting, anti-thrombogenic, and other coatings.
  • On the basis of the material, the market has been classified into metals (silver, titanium, and others), ceramics, and polymers (silicone, parylene, and fluoropolymers).
  • Based on the application, the market has been segregated into neurology, orthopedics, general surgery, cardiovascular, dentistry, gynecology, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined in the report, with some of the key players being AST Products Inc., Biocoat Incorporated, Coatings2go LLC, Covalon Technologies Ltd., Harland Medical Systems Inc., Hydromer Inc., Kisco Ltd., Koninklijke DSM N.V., Merit Medical Systems Inc., Precision Coating Co Inc. (Katahdin Industries Inc.), Sono-Tek Corporation and Surmodics Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Material, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AST Products Inc., Biocoat Incorporated, Coatings2go LLC, Covalon Technologies Ltd., Harland Medical Systems Inc., Hydromer Inc., Kisco Ltd., Koninklijke DSM N.V., Merit Medical Systems Inc., Precision Coating Co Inc. (Katahdin Industries Inc.), Sono-Tek Corporation and Surmodics Inc
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Medical Device Coatings Market to Reach US$ 17.0 Billion by 2032, Impelled by Growing Prevalence of HAIs
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