Medical Device Coating Market, By Coating Type, By Application, By Geography

Description

The global medical device coating market is estimated to be valued at US$ 13.60 billion in 2023 and is expected to exhibit a CAGR of 8.9% during the forecast period (2023-2030).

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 13.60 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	8.90%	2030 Value Projection:	US$ 24.70 Bn

Medical Device Coating Market Share (%), By Coating Type, 2023

Medical device coatings are specialized coatings used in the medical industry to enhance the performance, durability, and safety of various medical devices and equipment. These coatings are designed to protect medical devices, such as surgical instruments, implants, catheters, and stents, from damage and wear and tear caused by harsh medical environments and the patient's body's natural processes.

Implantable medical devices are used in a variety of applications, including bone substitutes and materials, vascular grafts, stents for peripheral and neurovascular use, and implants designed solely for long-term drug release. The device can be made of metal, metal alloys, polymers, ceramics, and other biocompatible materials. The cells offer biocompatibility and non-toxicity. The device is intended for contact with blood and does not contain thrombosis. Coating the device with a larger portion of the coating solution, which can result in better vascular coagulation to reciprocate the outer diameter.

Medical devices should be able to measure excellent delivery free of charge to develop a coating solution process. Medical devices are widely used in modern healthcare. It is designed to be implanted or inserted into the human body and must be biocompatible. Some devices are often partially composed of metal alloys but must be coated with a biocompatible or hemicompatible coating of a polymer-based material that prevents thrombus formation, improves wettability, and promotes endothelialization.

Market Dynamics

The key market players in the medical device coating are focused on investment strategies, which in turn is expected to propel market growth over the forecast period. For instance, in November 2023, GTCR, a leading private equity firm, announced that it had made a strategic, majority investment in hydrophilic biomaterial coatings for medical devices in Biocoat Holdings, LLC, a provider of medical device coatings, to support the growth and expansion of a biocompatible medical device coatings provider.

Furthermore, market players are focused on launching new products in the market, which in turn is expected to boost market growth over the forecast period. For instance, in April 2022, BioInteractions, a UK biomaterial technology company, announced the launch of TridAnt, a new coating technology for medical devices that represents a paradigm shift in infection prevention and protection against a broad range of pathogens.

Key features of the study:

This report provides an in-depth analysis of the global medical device coating market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global medical device coating market based on the following parameters- company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include AdvanSource Biomaterials Corporation (Mitsubishi Chemical America, Inc.), Specialty Coating Systems Inc., AdvanSource Biomaterials, AST Products, Inc., Biocoat Incorporated., Coatings2Go, Covalon Technologies Ltd., Harland Medical Systems, Inc., Hemoteq AG (Freudenberg Medical), Hydromer, Merit Medical Systems, PPG Industries, Inc. and Precision Coating Company, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global medical device coating market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical device coating market.

Detailed Segmentation:

Global Medical Device Coating Market, By Coating Type:
- Hydrophilic Coating
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others (Hydrophobic Coating, etc.)
Global Medical Device Coating Market, By Application:
- Neurology
- Orthopedics
- General Surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others (Respiratory, etc.)
Global Medical Device Coating Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles
- AdvanSource Biomaterials Corporation (Mitsubishi Chemical America, Inc.)
- Specialty Coating Systems Inc.
- AdvanSource Biomaterials
- AST Products, Inc.
- Biocoat Incorporated.
- Coatings2Go
- Covalon Technologies Ltd.
- Harland Medical Systems, Inc.
- Hemoteq AG (Freudenberg Medical)
- Hydromer
- Merit Medical Systems
- PPG Industries, Inc.
- Precision Coating Company, Inc.

Product Code: CMI2790

1. Research Objective and Assumption

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Coating Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Impact Analysis
Merger, Acquisition, and Collaborations
Regulatory Scenario
Key Developments
PEST Analysis
PORTER'S Analysis
Technological Advancements
Manufacturer Revenue

4. Global Medical Device Coating Market - COVID-19 Impact Analysis

Economic Impact
COVID-19 Epidemiology
Impact on Overall Healthcare Market

5. Global Medical Device Coating Market, By Coating Type, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Hydrophilic Coating
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Antimicrobial Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Drug-eluting Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Anti-thrombogenic Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Others (Hydrophobic Coating, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends

6. Global Medical Device Coating Market, By Application, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Neurology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Orthopedics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
General Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Cardiovascular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Dentistry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Gynecology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Others (Respiratory, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends

7. Global Medical Device Coating Market, By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
North America
- Introduction
- Market Size and Forecast, Y-o-Y Growth and By Coating Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2018-2030, (US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, Y-o-Y Growth and By Coating Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2018-2030, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Market Size and Forecast, Y-o-Y Growth and By Coating Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2018-2030, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, Y-o-Y Growth and By Coating Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2018-2030, (US$ Bn)
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
- Market Size and Forecast, Y-o-Y Growth and By Coating Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2018-2030, (US$ Bn)
GCC
Israel
Rest of Middle East
Africa
- Market Size and Forecast, Y-o-Y Growth and By Coating Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country/ Region, 2018-2030, (US$ Bn)
North Africa
Central Africa
South Africa

8. Competitive Landscape

Company Profiles
- AdvanSource Biomaterials Corporation (Mitsubishi Chemical America, Inc.)*
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- Specialty Coating Systems Inc.
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- AdvanSource Biomaterials
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- AST Products, Inc.
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- Biocoat Incorporated.
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- Coatings2Go
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- Covalon Technologies Ltd.
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- Harland Medical Systems, Inc.
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- Hemoteq AG (Freudenberg Medical)
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- Hydromer
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- Merit Medical Systems
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- PPG Industries, Inc.
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- Precision Coating Company, Inc.
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies

9. Section

References
Research Methodology
About us and Sales Contact