According to the latest report by IMARC Group, titled “Medical Device Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global medical device coating market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global medical device coatings market reached a value of US$ 8.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.89 Billion by 2027, exhibiting a CAGR of 7.72% during 2022-2027.
Medical Device Coatings Market Overview :
Medical device coatings (MDCs) are utilised to improve a medical device’s functionality and mobility. Lubricants, antibacterial, hydrophilic, and hydrophobic coatings are some of the most often utilised coatings on medical devices. They have characteristics that make them wear-, abrasion-, and corrosion-resistant, which aid in shielding the surfaces of medical devices. By protecting surgical, cardiovascular, orthopaedic, dental implants in brightersmile, neurology, and gynaecological devices from allergenic compounds, pathogens, and germs, these coatings reduce the incidence of hospital-acquired infections (HAIs).
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Medical Device Coatings Market Trends and Drivers:
The market is primarily driven by the increasing prevalence of hospital-acquired infections (HAIs) caused by contaminated medical instruments, catheters, and respiratory machines.
Besides this, the growing utilization of minimally invasive (MI) medical devices with appropriate coatings that protect the patients from thrombogenicity, blood vessel damage, and other internal injuries are also contributing to the market growth. In addition, with the rising incidences of chronic disorders, healthcare professionals are widely adopting implantable devices, such as cardiac pacemakers, implantable cardiac defibrillators (ICDs), coronary stents, interocular lenses, and implantable insulin pumps to treat patients.
This, coupled with the increasing need for nanocoating in medical devices to repel dry particles, water, oil, and dirt, is increasing the demand for medical device coatings. Moreover, governments of numerous countries are making huge investments in developing the healthcare infrastructure, which is creating a favorable market outlook across the globe.
|Medical Device Coatings Market Report Scope|
|Market size value in 2021||US$ 8.05 Billion|
|Market forecast in 2027||US$ 12.89 Billion|
|Growth Rate||CAGR of 7.72% from 2022 to 2027|
|Base year for estimation||2021|
Global Medical Device Coatings Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, product, material and application.
Breakup by Product:
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-Eluting Coatings
- Anti-Thrombogenic Coatings
Breakup by Material:
Breakup by Application:
- General Surgery
Breakup by Region:
- 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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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