PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1566405
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1566405
Global Medical Device Coating Market Size Study, by Product, by Application, and Regional Forecasts 2022-2032
The global medical device coating market was valued at USD 13.93 billion in 2023 and is projected to experience significant growth, reaching approximately USD 27.85 billion by 2032, with a compound annual growth rate (CAGR) of 8.0% during the forecast period of 2024 to 2032. Medical device coatings play an essential role in enhancing the functionality and performance of various medical devices, including catheters, stents, implants, and surgical instruments. These coatings are designed to improve biocompatibility, reduce friction, and prevent infection, thereby increasing the overall safety and effectiveness of medical procedures.
The growing demand for minimally invasive surgeries is a primary driver of market growth. Such procedures necessitate the use of specialized medical devices that are often coated with advanced materials to ensure biocompatibility, minimize friction, and prevent infections. Hydrophilic and antimicrobial coatings are increasingly important in these contexts, as they contribute to the overall safety and performance of devices used in these surgeries. Moreover, continuous advancements in coating technologies, including the development of nanotechnology-based and bioactive coatings, are further propelling the market. These innovations enable more effective and durable coatings, which are crucial for improving device performance and patient outcomes. Also, the aging global population also significantly contributes to the demand for medical device coatings. As the number of elderly individuals rises, so does the prevalence of chronic conditions that require medical devices, such as cardiovascular and orthopedic implants. These devices must be durable, biocompatible, and infection-resistant, which underscores the importance of high-quality coatings in ensuring their efficacy and longevity.
Regionally, North America dominated the global market in 2023, holding over 42% of the total revenue share. This dominance can be attributed to the region's well-established healthcare infrastructure, the increasing prevalence of cardiometabolic disorders, and the high adoption rate of advanced surgical treatments. Meanwhile, the Asia Pacific region is expected to register the highest CAGR during the forecast period, driven by the growing demand for superior healthcare facilities and an increasing number of hospitals. The expanding geriatric population and rising obesity rates, which heighten the risk of cardiac diseases, are also expected to fuel market growth in this region.
Major market players included in this report are:
- SurModics Inc.
- Sono-Tek Corp.
- DSM
- Hydromer, Inc.
- Covalon Technologies Ltd.
- Infinita Biotech Private Ltd.
- Materion Corp.
- Company 8
- Company 9
- Company 10
The detailed segments and sub-segments of the market are explained below:
By Product:
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
By Application:
- Neurology
- Orthopedics
- General Surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Medical Device Coating Market Executive Summary
- 1.1. Global Medical Device Coating Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Medical Device Coating Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Medical Device Coating Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising Demand for Minimally Invasive Procedures
- 3.1.2. Technological Advancements in Coating Materials
- 3.1.3. Aging Global Population
- 3.2. Market Challenges
- 3.2.1. High Costs and Complex Regulatory Approval
- 3.3. Market Opportunities
- 3.3.1. Emerging Markets
- 3.3.2. Regulatory Support and Reimbursement Policies
Chapter 4. Global Medical Device Coating Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Device Coating Market Size & Forecasts by Product 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Medical Device Coating Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Hydrophilic Coatings
- 5.2.2. Antimicrobial Coatings
- 5.2.3. Drug-eluting Coatings
- 5.2.4. Anti-thrombogenic Coatings
- 5.2.5. Others
Chapter 6. Global Medical Device Coating Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Medical Device Coating Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Neurology
- 6.2.2. Orthopedics
- 6.2.3. General Surgery
- 6.2.4. Cardiovascular
- 6.2.5. Dentistry
- 6.2.6. Gynecology
- 6.2.7. Others
Chapter 7. Global Medical Device Coating Market Size & Forecasts by Region 2022-2032
- 7.1. North America Medical Device Coating Market
- 7.1.1. U.S. Medical Device Coating Market
- 7.1.1.1. Product breakdown size & forecasts, 2022-2032
- 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Medical Device Coating Market
- 7.1.1. U.S. Medical Device Coating Market
- 7.2. Europe Medical Device Coating Market
- 7.2.1. U.K. Medical Device Coating Market
- 7.2.2. Germany Medical Device Coating Market
- 7.2.3. France Medical Device Coating Market
- 7.2.4. Spain Medical Device Coating Market
- 7.2.5. Italy Medical Device Coating Market
- 7.2.6. Rest of Europe Medical Device Coating Market
- 7.3. Asia-Pacific Medical Device Coating Market
- 7.3.1. China Medical Device Coating Market
- 7.3.2. India Medical Device Coating Market
- 7.3.3. Japan Medical Device Coating Market
- 7.3.4. Australia Medical Device Coating Market
- 7.3.5. South Korea Medical Device Coating Market
- 7.3.6. Rest of Asia Pacific Medical Device Coating Market
- 7.4. Latin America Medical Device Coating Market
- 7.4.1. Brazil Medical Device Coating Market
- 7.4.2. Mexico Medical Device Coating Market
- 7.4.3. Rest of Latin America Medical Device Coating Market
- 7.5. Middle East & Africa Medical Device Coating Market
- 7.5.1. Saudi Arabia Medical Device Coating Market
- 7.5.2. South Africa Medical Device Coating Market
- 7.5.3. Rest of Middle East & Africa Medical Device Coating Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. SurModics Inc.
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Sono-Tek Corp.
- 8.3.3. DSM
- 8.3.4. Hydromer, Inc.
- 8.3.5. Covalon Technologies Ltd.
- 8.3.6. Infinita Biotech Private Ltd.
- 8.3.7. Materion Corp.
- 8.3.1. SurModics Inc.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
