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Medical Device Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A5431
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Market Overview:
The global medical device coatings market size reached US$ 8.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.62% during 2023-2028.
Medical device coatings (MDCs) improve maneuverability and performance of medical devices, such as surgical, cardiovascular, orthopedic, dental implants, neurology, and gynecology devices. They help maintain sharp edges on cutting instruments while improving wear resistance, reducing galling between sliding components, and increasing lubricity. They also assist in avoiding allergenic substances while resisting bacteria on medical devices, which can be used on several patients without risking new infections. Apart from this, they offer several functional benefits, such as an anti-glare surface for bright operating rooms, anti-fouling in the presence of blood and tissue, and antimicrobial properties.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Medical Device Coatings Market Trends:
At present, there is a rise in the prevalence of hospital-acquired infections (HAIs) due to contaminated medical instruments, such as catheters and respiratory machines. This, along with the antimicrobial properties of MDCs, represents one of the key factors driving the market. Moreover, there is an increase in the utilization of the minimally invasive (MI) medical device with appropriate coatings to cause minimal harm and protect patients from thrombogenicity, blood vessel damage, and other internal injuries. This, coupled with the growing availability of novel medical devices across the globe, is positively influencing the market. In addition, the increasing employment of implantable devices, such as cardiac pacemakers, implantable cardiac defibrillators (ICDs), coronary stents, hip implants, interocular lenses and implantable insulin pumps to save the life of patients, is propelling the market growth. Besides this, the escalating demand for nanocoating in medical devices to repel dry particles, water, oil, and dirt is offering lucrative growth opportunities to industry investors. Apart from this, governments of several countries are extensively investing in the healthcare industry, which, in turn, is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical device coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, material and application.
Breakup by Product:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-Eluting Coatings
- Anti-Thrombogenic Coatings
- Others
Breakup by Material:
- Metals
- Silver
- Titanium
- Others
- Ceramics
- Polymers
- Silicone
- Parylene
- Fluoropolymers
Breakup by Application:
- Neurology
- Orthopedics
- General Surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles 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 Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| 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$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| 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) |
The global medical device coatings market was valued at US$ 8.7 Billion in 2022.
We expect the global medical device coatings market to exhibit a CAGR of 7.62% during 2023-2028.
The high prevalence of hospital-acquired infections, along with the increasing utilization of innovative medical device coatings to combat microbial growth on medical devices, is primarily driving the global medical device coatings market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous manufacturing activities of medical equipment, thereby limiting the demand for medical device coatings.
Based on the product, the global medical device coatings market can be segmented into hydrophilic coatings, antimicrobial coatings, drug-eluting coatings, anti-thrombogenic coatings, and others. Currently, antimicrobial coatings hold the majority of the total market share.
Based on the material, the global medical device coatings market has been divided into metals, ceramics, and polymers. Among these, metals currently exhibit a clear dominance in the market.
Based on the application, the global medical device coatings market can be categorized into neurology, orthopedics, general surgery, cardiovascular, dentistry, gynecology, and others. Currently, cardiovascular accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global medical device coatings market include 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.
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