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Report
Medical Device Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 146 Pages I IMARC Group
Market Overview:
The global medical device coatings market size reached US$ 8.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.62% during 2023-2028.
Medical device coatings (MDCs) improve maneuverability and performance of medical devices, such as surgical, cardiovascular, orthopedic, dental implants, neurology, and gynecology devices. They help maintain sharp edges on cutting instruments while improving wear resistance, reducing galling between sliding components, and increasing lubricity. They also assist in avoiding allergenic substances while resisting bacteria on medical devices, which can be used on several patients without risking new infections. Apart from this, they offer several functional benefits, such as an anti-glare surface for bright operating rooms, anti-fouling in the presence of blood and tissue, and antimicrobial properties.
Medical Device Coatings Market Trends:
At present, there is a rise in the prevalence of hospital-acquired infections (HAIs) due to contaminated medical instruments, such as catheters and respiratory machines. This, along with the antimicrobial properties of MDCs, represents one of the key factors driving the market. Moreover, there is an increase in the utilization of the minimally invasive (MI) medical device with appropriate coatings to cause minimal harm and protect patients from thrombogenicity, blood vessel damage, and other internal injuries. This, coupled with the growing availability of novel medical devices across the globe, is positively influencing the market. In addition, the increasing employment of implantable devices, such as cardiac pacemakers, implantable cardiac defibrillators (ICDs), coronary stents, hip implants, interocular lenses and implantable insulin pumps to save the life of patients, is propelling the market growth. Besides this, the escalating demand for nanocoating in medical devices to repel dry particles, water, oil, and dirt is offering lucrative growth opportunities to industry investors. Apart from this, governments of several countries are extensively investing in the healthcare industry, which, in turn, is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical device coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, material and application.
Breakup by Product:
Hydrophilic Coatings
Antimicrobial Coatings
Drug-Eluting Coatings
Anti-Thrombogenic Coatings
Others
Breakup by Material:
Metals
Silver
Titanium
Others
Ceramics
Polymers
Silicone
Parylene
Fluoropolymers
Breakup by Application:
Neurology
Orthopedics
General Surgery
Cardiovascular
Dentistry
Gynecology
Others
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report:
What was the size of the global medical device coatings market in 2022?
What is the expected growth rate of the global medical device coatings market during 2023-2028?
What are the key factors driving the global medical device coatings market?
What has been the impact of COVID-19 on the global medical device coatings market?
What is the breakup of the global medical device coatings market based on the product?
What is the breakup of the global medical device coatings market based on the material?
What is the breakup of the global medical device coatings market based on application?
What are the key regions in the global medical device coatings market?
Who are the key players/companies in the global medical device coatings market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Medical Device Coatings Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Hydrophilic Coatings
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Antimicrobial Coatings
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Drug-Eluting Coatings
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Anti-Thrombogenic Coatings
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Material
7.1 Metals
7.1.1 Market Trends
7.1.2 Key Segments
7.1.2.1 Silver
7.1.2.2 Titanium
7.1.2.3 Others
7.1.3 Market Forecast
7.2 Ceramics
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Polymers
7.3.1 Market Trends
7.3.2 Key Segments
7.3.2.1 Silicone
7.3.2.2 Parylene
7.3.2.3 Fluoropolymers
7.3.3 Market Forecast
8 Market Breakup by Application
8.1 Neurology
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Orthopedics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 General Surgery
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Cardiovascular
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Dentistry
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Gynecology
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AST Products Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Biocoat Incorporated
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Coatings2go LLC
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Covalon Technologies Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Harland Medical Systems Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Hydromer Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Kisco Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Koninklijke DSM N.V.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Merit Medical Systems Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Precision Coating Co Inc. (Katahdin Industries Inc.)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Sono-Tek Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 Surmodics Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
Figure 1: Global: Medical Device Coatings Market: Major Drivers and Challenges
Figure 2: Global: Medical Device Coatings Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Medical Device Coatings Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Medical Device Coatings Market: Breakup by Product (in %), 2022
Figure 5: Global: Medical Device Coatings Market: Breakup by Material (in %), 2022
Figure 6: Global: Medical Device Coatings Market: Breakup by Application (in %), 2022
Figure 7: Global: Medical Device Coatings Market: Breakup by Region (in %), 2022
Figure 8: Global: Medical Device Coatings (Hydrophilic Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Medical Device Coatings (Hydrophilic Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Medical Device Coatings (Antimicrobial Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Medical Device Coatings (Antimicrobial Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Medical Device Coatings (Drug-Eluting Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Medical Device Coatings (Drug-Eluting Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Medical Device Coatings (Anti-Thrombogenic Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Medical Device Coatings (Anti-Thrombogenic Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Medical Device Coatings (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Medical Device Coatings (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Medical Device Coatings (Metals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Medical Device Coatings (Metals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Medical Device Coatings (Ceramics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Medical Device Coatings (Ceramics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Medical Device Coatings (Polymers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Medical Device Coatings (Polymers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Medical Device Coatings (Neurology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Medical Device Coatings (Neurology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Medical Device Coatings (Orthopedics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Medical Device Coatings (Orthopedics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Medical Device Coatings (General Surgery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Medical Device Coatings (General Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Medical Device Coatings (Cardiovascular) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Medical Device Coatings (Cardiovascular) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Medical Device Coatings (Dentistry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Medical Device Coatings (Dentistry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Medical Device Coatings (Gynecology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Medical Device Coatings (Gynecology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Medical Device Coatings (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Medical Device Coatings (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: North America: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: North America: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: United States: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: United States: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Canada: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Canada: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Asia-Pacific: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Asia-Pacific: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: China: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: China: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Japan: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Japan: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: India: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: India: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: South Korea: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: South Korea: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Australia: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Australia: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Indonesia: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Indonesia: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Others: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Others: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Europe: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Europe: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Germany: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Germany: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: France: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: France: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: United Kingdom: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: United Kingdom: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Italy: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Italy: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Spain: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Spain: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Russia: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Russia: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Latin America: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Latin America: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Brazil: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Brazil: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Mexico: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Mexico: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Middle East and Africa: Medical Device Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Middle East and Africa: Medical Device Coatings Market: Breakup by Country (in %), 2022
Figure 86: Middle East and Africa: Medical Device Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Global: Medical Device Coatings Industry: SWOT Analysis
Figure 88: Global: Medical Device Coatings Industry: Value Chain Analysis
Figure 89: Global: Medical Device Coatings Industry: Porter's Five Forces Analysis
Table 1: Global: Medical Device Coatings Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Medical Device Coatings Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Medical Device Coatings Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 4: Global: Medical Device Coatings Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Medical Device Coatings Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Medical Device Coatings Market: Competitive Structure
Table 7: Global: Medical Device Coatings Market: Key Players
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