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The global medical device coatings market was valued at US$ 8.05 Billion in 2021.
We expect the global medical device coatings market to exhibit a CAGR of 7.72% during 2022-2027.
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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