Medical Device Coatings Market - Global Outlook & Forecast 2022-2027
The study considers a detailed scenario of the present medical device coatings market and its dynamics for the period 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the industry.
The global medical device coatings market is expected to grow at a CAGR of 6.9% during 2021-2027
With the advent of COVID-19, many scientists started developing novel and eco-friendly surface coating based nano materials from anti-viral and anti-bacterial metal ions and polymers which can prevent surface related SARS-CoV-2 infection.
MARKET GROWTH ENABLERS
Growing Demand for Antimicrobial Coatings
Increase In Demand for Minimally Invasive Surgeries
Technological Innovations in Medical Device Coatings
GLOBAL MEDICA DEVICE COATINGS MARKET SEGMENTS
Hydrophilic coatings accounted for the highest share of more than 31% in the global medical device coatings market due to its wide application on medical devices for lubricity and compatibility.
Metallic coatings provide antibacterial properties, durability, compatibility, and other features when coated on medical devices which is contributing to its larger share of around 64.60% compared to non-metallic coatings in the global medical device coatings market.
Catheters being the most commonly used medical devices in healthcare settings accounted for the major share of over 29% in the global medical device coatings market in 2021.
Segmentation by Coating Type
Hydrophilic
Antimicrobial
Drug-eluting
Thromboresistant
others
Segmentation by Material
Metallic
Non-metallic
Segmentation of Product
Catheters
Implants
Electrosurgical Instruments
Stents
Other
GEOGRAPHICAL ANALYSIS
In 2021, North America dominated the global medical device coatings market with the highest share of more than 38.00% owing to its large presence of manufacturers, high usage of medical devices, and advancements in medical coatings.
Segmentation by Geography
North America
United States
Canada
Europe
Germany
UK
France
Italy
Spain
Asia-Pacific
China
Japan
Australia
India
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Turkey
Saudi Arabia
South Africa
VENDOR LANDSCAPE
Most of the leading players are focusing on implementing several strategies such as product launches and approvals, marketing and promotional activities, acquisitions, increase in R&D investment, and strengthening their distribution networks to enhance their market share and presence.
Major Vendors
Hydromer
Covalon
DSM
AST Products
BioInteractions
Specialty Coating Systems
Sciessent
Other Prominent Vendors
Advanced Industrial Coatings
Allvivo Vascular
Avient
Axalta Coating Systems
BioCote
Biomerics
Carmeda AB
DOT GmbH
Endura Coatings
ENS Technology
Formacoat
Freudenberg Medical
Harland Medical Systems
Hemoteq addresses
Isoflux
jMedtech Coating Technologies
Merit Medical Systems
Microban
Mitsubishi Chemical America (AdvanSource Biomaterials)
Mitsui Chemicals
NanoSono’s
Orchid
Orion Industries
Para-Coat Technologies
Precision Coating Company
Surmodics
The Sherwin-Williams Company
TST
TUA Systems
Wright Coating Technologies
Biocoat
Corline Biomedical
Surface Solutions Group
IST (Integrated Surface Technologies)
Cytonix
Medtronic
Teleflex
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY COATING TYPE
4.3.2 MARKET SEGMENTATION BY MATERIAL
4.3.3 MARKET SEGMENTATION BY PRODUCT
4.3.5 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 INTRODUCTION
7.1 OVERVIEW
7.1.1 TYPES OF MEDICAL DEVICE COATINGS
7.1.2 SELECTION OF MEDICAL DEVICE COATINGS
7.1.3 VARIOUS MEDICAL DEVICE COATING APPLICATIONS
7.1.4 ADVANCEMENTS IN SURFACE TREATMENT OPTIONS
8 MARKET OPPORTUNITIES & TRENDS
8.1 NOVEL MEDICAL DEVICES COATING TECHNOLOGIES
8.2 EMERGING BIOPOLYMER COATINGS FOR BIOMEDICAL APPLICATIONS
8.3 RISE IN STARTUPS FOR COATING MEDICAL DEVICES
8.4 INCREASING DEMAND FOR OUTSOURCING MEDICAL DEVICES
9 MARKET GROWTH ENABLERS
9.1 GROWING DEMAND FOR ANTIMICROBIAL COATINGS
9.2 INCREASE IN DEMAND FOR MINIMALLY INVASIVE SURGERIES
9.3 TECHNOLOGICAL INNOVATIONS IN MEDICAL DEVICE COATINGS
10 MARKET GROWTH RESTRAINTS
10.1 HIGH COSTS & FLUCTUATING PRICES OF RAW MATERIALS