Global Coatings Market for Medical Devices Industry 2023-2027

Global Coatings Market for Medical Devices Industry 2023-2027

Technavio has been monitoring the coatings market for medical devices industry and is forecast to grow by $3.9 bn during 2022-2027, accelerating at a CAGR of 7.15% during the forecast period. Our report on the coatings market for medical devices industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for cardiovascular and orthopedic implants, increasing hospital-associated infections, and the growing medical device industry.

Technavio's coatings market for medical devices industry is segmented as below:

By Application

• General surgery
• Cardiovascular
• Orthopedics
• Dentistry
• Others

By Type

• Antimicrobial coating
• Drug-eluting coating
• Hydrophilic coating
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the increased awareness of minimally invasive surgeries as one of the prime reasons driving the coatings market growth during the next few years. Also, technological advancements in the medical device industry and increasing medical insurance policies will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the coatings market for medical devices industry covers the following areas:

• Coatings market sizing
• Coatings market forecast
• Coatings market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading coatings market vendors that include Advanced Plating Technologies, Applied Medical Coatings LLC, AST Products Inc., Biocoat Inc., Covalon Technologies Ltd., Endura Coatings, Freudenberg SE, Harland Medical Systems Inc., HTI Technologies Inc., Hydromer Inc., Katahdin Industries, KISCO Ltd., Koninklijke DSM NV, Materion Corp., Medical Surface Inc., Medicoat AG, Merit Medical Systems Inc., N2 Biomedical LLC, Sono Tek Corp., and Surmodics Inc. Also, the coatings market for medical devices industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.