Medical Coatings Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Medical Coatings Market
The medical coatings market size was valued at USD 4.64 billion in 2023, and the market is now projected to grow from USD 5.06 billion in 2024 to USD 10.28 billion by 2032, exhibiting a CAGR of 9.8% during the forecast period of 2024-2032.
the COVID-19 pandemic had an unstaggering impact on the market. The product demand was lowered by lockdown limitations and affected the overall medical coatings market growth. The major factor causing havoc for this product was the ups and dowms faced by this partcular market also the medical and chemicals industrries at large. This particular market is still experiencing rapid growth post-pandemic period.
There is a greater need for medical devices that can traverse through complicated and sophisticated sections of the body, including cameras, ventilators, diagnostic tests, surgical equipment, implants, and others, as a result of the more challenging healthcare landscape. These devices are inserted more easily and with less tissue injury when hydrophilic coatings are used, especially in twisted and narrow capillaries. This is the major factor influencing the medical coatings market share.
The creation of diverse anti-microbial and medicinal coatings represents one such progression. One of the main trends used by manufacturers is the incorporation of different parts, materials, and production methods to make their products long-lasting, secure, and non-toxic.
Comprehensive Analysis of Medical Coatings Market
The hydrophilic coatings, antimicrobial coatings, antithrombogenic coatings, and other types are the segments of the market based on technology. With the biggest market share belongs to the hydrophilic coatings segment. The medical devices, medical implants, medical equipment & tools, and other categories are the divisions of the market based on application. Medical equipment are coated with a variety of coatings, such as hydrophilic, hydrophobic, antibacterial, and antithrombogenic coatings.
North America is to be witnessed in dominating the medical coatings market due to various reasons such as high use of modern surgical procedures in the medical infrastructure and many such occurences.
Businesses operating in the market offer specialized services along with their products for sale. Given that the product's application determines its chemical makeup, the companies provide customers with an extensive range of technological services. SURMODICS (U.S.), Hydromer (U.S.), Harland Medical Systems, Inc. (U.S.), DSM (Netherlands), and AST Products, Inc. (U.S.) are the few leading companies in this specific market.
In November 2023, The Preside hydrophilic medical device coating technology was commercially introduced by Surmodics, Inc. The recently introduced product provides improved lubricity and durability of the coating for the upcoming generation of peripheral vascular, neurovascular, and cardiac devices.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 9.8% from 2024 to 2032
Unit Value (USD Billion), Volume (Tons)
Segmentation By Type
Hydrophilic Coating
Anti-microbial Coating
Anti-thrombogenic Coating
Others
By Material Type
Fluoropolymer
Silicone
Parylene
Metals
Others
By Application
Medical Device
Medical Implants
Medical Equipment & Tools
Others
By Region
North America (By Type, Material Type, Application, and Country)
U.S. (By Application)
Canada (By Application)
Europe (By Type, Material Type, Application, and Country)
Germany (By Application)
U.K. (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Russia & CIS (By Application)
Rest of Europe (By Application)
Asia Pacific (By Type, Material Type, Application, and Country)
China (By Application)
Japan (By Application)
India (By Application)
South Korea (By Application)
ASEAN (By Application)
Rest of Asia Pacific (By Application)
Latin America (By Type, Material Type, Application, and Country)
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
Middle East & Africa (By Type, Material Type, Application, and Country)
GCC (By Application)
South Africa (By Application)
Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Industry SWOT Analysis
- 4.3. Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Impact of COVID-19 on the Market
- 5. Global Medical Coatings Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Type (Volume/Value)
- 5.2.1. Hydrophilic Coatings
- 5.2.2. Anti-microbial Coatings
- 5.2.3. Anti-thrombogenic Coatings
- 5.2.4. Others
- 5.3. By Material Type (Volume/Value)
- 5.3.1. Fluoropolymer
- 5.3.2. Silicone
- 5.3.3. Parylene
- 5.3.4. Metals
- 5.3.5. Others
- 5.4. By Application (Volume/Value)
- 5.4.1. Medical Device
- 5.4.2. Medical Implants
- 5.4.3. Medical Equipment & Tools
- 5.4.4. Others
- 5.5. By Region (Volume/Value)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Medical Coatings Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Type (Volume/Value)
- 6.2.1. Hydrophilic Coatings
- 6.2.2. Anti-microbial Coatings
- 6.2.3. Anti-thrombogenic Coatings
- 6.2.4. Others
- 6.3. By Material Type (Volume/Value)
- 6.3.1. Fluoropolymer
- 6.3.2. Silicone
- 6.3.3. Parylene
- 6.3.4. Metals
- 6.3.5. Others
- 6.4. By Application (Volume/Value)
- 6.4.1. Medical Device
- 6.4.2. Medical Implants
- 6.4.3. Medical Equipment & Tools
- 6.4.4. Others
- 6.5. By Country (Volume/Value)
- 6.5.1. U.S.
- 6.5.1.1. By Application (Volume/Value)
- 6.5.1.1.1. Medical Device
- 6.5.1.1.2. Medical Implants
- 6.5.1.1.3. Medical Equipment & Tools
- 6.5.1.1.4. Others
- 6.5.2. Canada
- 6.5.2.1. By Application (Volume/Value)
- 6.5.2.1.1. Medical Device
- 6.5.2.1.2. Medical Implants
- 6.5.2.1.3. Medical Equipment & Tools
- 6.5.2.1.4. Others
- 7. Europe Medical Coatings Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Type (Volume/Value)
- 7.2.1. Hydrophilic Coatings
- 7.2.2. Anti-microbial Coatings
- 7.2.3. Anti-thrombogenic Coatings
- 7.2.4. Others
- 7.3. By Material Type (Volume/Value)
- 7.3.1. Fluoropolymer
- 7.3.2. Silicone
- 7.3.3. Parylene
- 7.3.4. Metals
- 7.3.5. Others
- 7.4. By Application (Volume/Value)
- 7.4.1. Medical Device
- 7.4.2. Medical Implants
- 7.4.3. Medical Equipment & Tools
- 7.4.4. Others
- 7.5. By Country (Volume/Value)
- 7.5.1. Germany
- 7.5.1.1. By Application (Volume/Value)
- 7.5.1.1.1. Medical Device
- 7.5.1.1.2. Medical Implants
- 7.5.1.1.3. Medical Equipment & Tools
- 7.5.1.1.4. Others
- 7.5.2. U.K.
- 7.5.2.1. By Application (Volume/Value)
- 7.5.2.1.1. Medical Device
- 7.5.2.1.2. Medical Implants
- 7.5.2.1.3. Medical Equipment & Tools
- 7.5.2.1.4. Others
- 7.5.3. France
- 7.5.3.1. By Application (Volume/Value)
- 7.5.3.1.1. Medical Device
- 7.5.3.1.2. Medical Implants
- 7.5.3.1.3. Medical Equipment & Tools
- 7.5.3.1.4. Others
- 7.5.4. Italy
- 7.5.4.1. By Application (Volume/Value)
- 7.5.4.1.1. Medical Device
- 7.5.4.1.2. Medical Implants
- 7.5.4.1.3. Medical Equipment & Tools
- 7.5.4.1.4. Others
- 7.5.5. Spain
- 7.5.5.1. By Application (Volume/Value)
- 7.5.5.1.1. Medical Device
- 7.5.5.1.2. Medical Implants
- 7.5.5.1.3. Medical Equipment & Tools
- 7.5.5.1.4. Others
- 7.5.6. Russia & CIS
- 7.5.6.1. By Application (Volume/Value)
- 7.5.6.1.1. Medical Device
- 7.5.6.1.2. Medical Implants
- 7.5.6.1.3. Medical Equipment & Tools
- 7.5.6.1.4. Others
- 7.5.7. Rest of Europe
- 7.5.7.1. By Application (Volume/Value)
- 7.5.7.1.1. Medical Device
- 7.5.7.1.2. Medical Implants
- 7.5.7.1.3. Medical Equipment & Tools
- 7.5.7.1.4. Others
- 8. Asia-Pacific Medical Coatings Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Type (Volume/Value)
- 8.2.1. Hydrophilic Coatings
- 8.2.2. Anti-microbial Coatings
- 8.2.3. Anti-thrombogenic Coatings
- 8.2.4. Others
- 8.3. By Material Type (Volume/Value)
- 8.3.1. Fluoropolymer
- 8.3.2. Silicone
- 8.3.3. Parylene
- 8.3.4. Metals
- 8.3.5. Others
- 8.4. By Application (Volume/Value)
- 8.4.1. Medical Device
- 8.4.2. Medical Implants
- 8.4.3. Medical Equipment & Tools
- 8.4.4. Others
- 8.5. By Country (Volume/Value)
- 8.5.1. China
- 8.5.1.1. By Application (Volume/Value)
- 8.5.1.1.1. Medical Device
- 8.5.1.1.2. Medical Implants
- 8.5.1.1.3. Medical Equipment & Tools
- 8.5.1.1.4. Others
- 8.5.2. Japan
- 8.5.2.1. By Application (Volume/Value)
- 8.5.2.1.1. Medical Device
- 8.5.2.1.2. Medical Implants
- 8.5.2.1.3. Medical Equipment & Tools
- 8.5.2.1.4. Others
- 8.5.3. India
- 8.5.3.1. By Application (Volume/Value)
- 8.5.3.1.1. Medical Device
- 8.5.3.1.2. Medical Implants
- 8.5.3.1.3. Medical Equipment & Tools
- 8.5.3.1.4. Others
- 8.5.4. South Korea
- 8.5.4.1. By Application (Volume/Value)
- 8.5.4.1.1. Medical Device
- 8.5.4.1.2. Medical Implants
- 8.5.4.1.3. Medical Equipment & Tools
- 8.5.4.1.4. Others
- 8.5.5. Rest of Asia Pacific
- 8.5.5.1. By Application (Volume/Value)
- 8.5.5.1.1. Medical Device
- 8.5.5.1.2. Medical Implants
- 8.5.5.1.3. Medical Equipment & Tools
- 8.5.5.1.4. Others
- 9. Latin America Medical Coatings Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Type (Volume/Value)
- 9.2.1. Hydrophilic Coatings
- 9.2.2. Anti-microbial Coatings
- 9.2.3. Anti-thrombogenic Coatings
- 9.2.4. Others
- 9.3. By Material Type (Volume/Value)
- 9.3.1. Fluoropolymer
- 9.3.2. Silicone
- 9.3.3. Parylene
- 9.3.4. Metals
- 9.3.5. Others
- 9.4. By Application (Volume/Value)
- 9.4.1. Medical Device
- 9.4.2. Medical Implants
- 9.4.3. Medical Equipment & Tools
- 9.4.4. Others
- 9.5. By Country (Volume/Value)
- 9.5.1. Brazil
- 9.5.1.1. By Application (Volume/Value)
- 9.5.1.1.1. Medical Device
- 9.5.1.1.2. Medical Implants
- 9.5.1.1.3. Medical Equipment & Tools
- 9.5.1.1.4. Others
- 9.5.2. Mexico
- 9.5.2.1. By Application (Volume/Value)
- 9.5.2.1.1. Medical Device
- 9.5.2.1.2. Medical Implants
- 9.5.2.1.3. Medical Equipment & Tools
- 9.5.2.1.4. Others
- 9.5.3. Rest of Latin America
- 9.5.3.1. By Application (Volume/Value)
- 9.5.3.1.1. Medical Device
- 9.5.3.1.2. Medical Implants
- 9.5.3.1.3. Medical Equipment & Tools
- 9.5.3.1.4. Others
- 10. Middle East & Africa Medical Coatings Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Type (Volume/Value)
- 10.2.1. Hydrophilic Coatings
- 10.2.2. Anti-microbial Coatings
- 10.2.3. Anti-thrombogenic Coatings
- 10.2.4. Others
- 10.3. By Material Type (Volume/Value)
- 10.3.1. Fluoropolymer
- 10.3.2. Silicone
- 10.3.3. Parylene
- 10.3.4. Metals
- 10.3.5. Others
- 10.4. By Application (Volume/Value)
- 10.4.1. Concrete
- 10.4.2. Wood
- 10.4.3. Terrazzo
- 10.4.4. Others
- 10.5. By Country (Volume/Value)
- 10.5.1. GCC
- 10.5.1.1. By Application (Volume/Value)
- 10.5.1.1.1. Medical Device
- 10.5.1.1.2. Medical Implants
- 10.5.1.1.3. Medical Equipment & Tools
- 10.5.1.1.4. Others
- 10.5.2. South Africa
- 10.5.2.1. By Application (Volume/Value)
- 10.5.2.1.1. Medical Device
- 10.5.2.1.2. Medical Implants
- 10.5.2.1.3. Medical Equipment & Tools
- 10.5.2.1.4. Others
- 10.5.3. Rest of Middle East & Africa
- 10.5.3.1. By Application (Volume/Value)
- 10.5.3.1.1. Medical Device
- 10.5.3.1.2. Medical Implants
- 10.5.3.1.3. Medical Equipment & Tools
- 10.5.3.1.4. Others
- 11. Competitive Analysis
- 11.1. Global Medical Coatings Market Revenue Share/Ranking Analysis, By Key Players, 2023
- 11.2. Company Profiles
- 11.2.1. Hydromer
- 11.2.1.1. Overview
- 11.2.1.2. Description
- 11.2.1.3. Product Portfolio
- 11.2.1.4. Financials (As per Availability)
- 11.2.1.5. Recent Developments
- 11.2.2. Harland Medical Systems
- 11.2.2.1. Overview
- 11.2.2.2. Description
- 11.2.2.3. Product Portfolio
- 11.2.2.4. Financials (As per Availability)
- 11.2.2.5. Recent Developments
- 11.2.3. Surmodics, Inc.
- 11.2.3.1. Overview
- 11.2.3.2. Description
- 11.2.3.3. Product Portfolio
- 11.2.3.4. Financials (As per Availability)
- 11.2.3.5. Recent Developments
- 11.2.4. DSM
- 11.2.4.1. Overview
- 11.2.4.2. Description
- 11.2.4.3. Product Portfolio
- 11.2.4.4. Financials (As per Availability)
- 11.2.4.5. Recent Developments
- 11.2.5. AST Products, Inc.
- 11.2.5.1. Overview
- 11.2.5.2. Description
- 11.2.5.3. Product Portfolio
- 11.2.5.4. Financials (As per Availability)
- 11.2.5.5. Recent Developments
- 11.2.6. Biocoat Incorporated
- 11.2.6.1. Overview
- 11.2.6.2. Description
- 11.2.6.3. Product Portfolio
- 11.2.6.4. Financials (As per Availability)
- 11.2.6.5. Recent Developments
- 11.2.7. Precision Coating Company, Inc
- 11.2.7.1. Overview
- 11.2.7.2. Description
- 11.2.7.3. Product Portfolio
- 11.2.7.4. Financials (As per Availability)
- 11.2.7.5. Recent Developments
- 11.2.8. Medicoat AG
- 11.2.8.1. Overview
- 11.2.8.2. Description
- 11.2.8.3. Product Portfolio
- 11.2.8.4. Financials (As per Availability)
- 11.2.8.5. Recent Developments
- 11.2.9. Merit Medical Systems, Inc.
- 11.2.9.1. Overview
- 11.2.9.2. Description
- 11.2.9.3. Product Portfolio
- 11.2.9.4. Financials (As per Availability)
- 11.2.9.5. Recent Developments
- 11.2.10. Specialty Coating Systems Inc.
- 11.2.10.1. Overview
- 11.2.10.2. Description
- 11.2.10.3. Product Portfolio
- 11.2.10.4. Financials (As per Availability)
- 11.2.10.5. Recent Developments
- 12. Strategic Recommendations
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