Medical Device Coating Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an in-depth analysis of the global Medical Device Coating Market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the structure of the Medical Device Coating Market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The worldwide market for medical device coatings is projected to grow at a compound annual growth rate (CAGR) of 8.0%. This growth is expected to elevate the market from its 2023 value of US$12.45 billion to US$21.33 billion by the conclusion of 2030.

Key Insights:

Medical Device Coating Market Size (2023E): US$12.45 Bn
Projected Market Value (2030F): US$21.33 Bn
Global Market Growth Rate (CAGR 2023 to 2030): 8.0%
Historical Market Growth Rate (CAGR 2018 to 2022): 6.5%

Medical Device Coating Market- Report Scope:

The medical device coating market is a dynamic sector in healthcare, enhancing device performance and safety through specialized coatings. These coatings mitigate infection, corrosion, and friction while improving biocompatibility. With evolving technology and regulations, demand for tailored coatings rises. Coatings range from antimicrobial to lubricious, serving various medical needs. They are vital across specialties like cardiology and orthopedics, using technologies like plasma spraying and dip coating. With ongoing innovation in materials science, coatings enhance device longevity and efficacy in clinical practice.

Market Growth Drivers:

The medical device coating market is growing due to advancements in coating technologies, including antimicrobial and hydrophilic coatings. These coatings enhance device performance and reduce infections. With a focus on minimally invasive procedures, there's increasing demand for specialized coatings like lubricious coatings for catheters and anti-thrombogenic coatings for stents. This trend supports faster patient recovery and lower healthcare costs, driving sustained growth in the market.

Market Restraints:

Regulatory compliance poses a significant challenge for companies in the medical device coating market, requiring substantial investments and adherence to stringent standards. Failure to comply can lead to product recalls and legal issues. Additionally, meeting the demand for customized coatings amidst rapid technological advancements presents technical challenges. Continuous innovation and collaboration are essential to address these market restraints effectively.

Market Opportunities:

Opportunities abound in the medical device coating market, particularly in advanced antimicrobial coatings to combat healthcare-associated infections and biocompatible coatings for implantable devices. Investing in innovative antimicrobial coatings meeting regulatory standards can capture market share and address critical needs in healthcare. Similarly, developing biocompatible coatings for implants that balance durability and integration with the body presents a significant opportunity for manufacturers to meet growing demand.

Key Questions Answered in the Report:

What are the key factors driving the growth of the Medical Device Coating Market?
Which industry verticals are driving the demand for Medical Device Coating?
How are technological advancements reshaping the competitive landscape of the Medical Device Coating Market?
Who are the leading players in the global Medical Device Coating Market?
What are the emerging trends and future prospects in the global Medical Device Coating Market?

Competitive Intelligence and Business Strategy:

In the competitive landscape of the Medical Device Coating Market, leading companies like SurModics Inc., Sono-Tek Corp., DSM, and others employ strategies such as R&D investment, partnerships, and product diversification to maintain their edge. Leveraging technological expertise, strong product portfolios, and customer focus, they aim for market leadership. Continued investment in innovation and regulatory compliance is expected, with a focus on emerging technologies like nanotechnology to meet evolving customer needs and regulations, fostering a dynamic market ecosystem.

Key Companies Profiled:

Surmodics, Inc.
DSM
PPG Industries, Inc.
Sono-Tek Corporation
Materion Corporation
Hydromer Inc.
Precision Coating Company, Inc.
Freudenberg Medical
Biocoat Incorporated
Covalon Technologies Ltd.
Harland Medical Systems
Specialty Coating Systems Inc.
Medical Surface Inc.
Merit Medical Systems, Inc.
Medicoat AG
Allvivo Vascular, Inc.

Medical Device Coating Market Segmentation:

By Product

Hydrophilic Coatings
Antimicrobial Coatings
Drug-eluting Coatings
Anti-thrombogenic Coatings
Others

By Substrate

Metals

Stainless Steel

Titanium

Nickel

Others

Ceramics
Polymers

Silicone

Polyurethane

Polypropylene

Others

By Application:

Neurology
Orthopedics
General Surgery
Cardiovascular
Dentistry
Gynecology
Others

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP3224

1. Executive Summary

1.1. Global Medical Device Coating Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Lifecycle Analysis
2.4. Medical Device Coating Market: Value Chain
- 2.4.1. List of Manufacturers
- 2.4.2. Profitability Analysis
2.5. Macro-Economic Factors
- 2.5.1. Global Sectorial Outlook
- 2.5.2. Global GDP Growth Outlook
2.6. Forecast Factors - Relevance and Impact
2.7. Covid-19 Impact Assessment
2.8. PESTLE Analysis
2.9. Porter Five Force's Analysis

3. Value Added Insights

3.1. Regulatory Scenario
3.2. Parent Market Analysis
3.3. Key Promotional Strategies by Manufacturers

4. Price Trend Analysis, 2018 - 2030

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Prices By Product
4.4. Regional Prices and Product Preferences

5. Global Medical Device Coating Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
- 5.1.1. Market Volume (Tons) Projections
- 5.1.2. Market Size and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Mn) Analysis and Forecast
- 5.2.1. Historical Market Size Analysis, 2018-2022
- 5.2.2. Current Market Size Forecast, 2023-2030
5.3. Global Medical Device Coating Market Outlook: Product
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Product, 2018 - 2022
- 5.3.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product, 2023 - 2030
  - 5.3.3.1. Hydrophilic Coatings
  - 5.3.3.2. Antimicrobial Coatings
  - 5.3.3.3. Drug-eluting Coatings
  - 5.3.3.4. Anti-thrombogenic Coatings
  - 5.3.3.5. Others
5.4. Market Attractiveness Analysis: Product
5.5. Global Medical Device Coating Market Outlook: Substrate
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Mn) Analysis By Substrate, 2018 - 2022
- 5.5.3. Current Market Size (US$ Mn) Forecast By Substrate, 2023 - 2030
  - 5.5.3.1. Metals
    - 5.5.3.1.1. Stainless Steel
    - 5.5.3.1.2. Titanium
    - 5.5.3.1.3. Nickel
    - 5.5.3.1.4. Others
  - 5.5.3.2. Ceramics
  - 5.5.3.3. Polymers
    - 5.5.3.3.1. Silicone
    - 5.5.3.3.2. Polyurethane
    - 5.5.3.3.3. Polypropylene
    - 5.5.3.3.4. Others
5.6. Market Attractiveness Analysis: Substrate
5.7. Global Medical Device Coating Market Outlook: Application
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Mn) Analysis By Application, 2018 - 2022
- 5.7.3. Current Market Size (US$ Mn Forecast By Application, 2023 - 2030
  - 5.7.3.1. Neurology
  - 5.7.3.2. Orthopedics
  - 5.7.3.3. General Surgery
  - 5.7.3.4. Cardiovascular
  - 5.7.3.5. Dentistry
  - 5.7.3.6. Gynecology
  - 5.7.3.7. Others
5.8. Market Attractiveness Analysis: Application

6. Global Medical Device Coating Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Region, 2018 - 2022
6.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Region, 2023 - 2030
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa (MEA)
6.4. Market Attractiveness Analysis: Region

7. North America Medical Device Coating Market Outlook: Historical (2018 - 2023) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Product
- 7.3.3. By Substrate
- 7.3.4. By Application
7.4. Current Market Size (US$ Mn) Forecast By Country, 2023 - 2030
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product, 2023 - 2030
- 7.5.1. Hydrophilic Coatings
- 7.5.2. Antimicrobial Coatings
- 7.5.3. Drug-eluting Coatings
- 7.5.4. Anti-thrombogenic Coatings
- 7.5.5. Others
7.6. Current Market Size (US$ Mn) Forecast By Substrate, 2023 - 2030
- 7.6.1. Metals
  - 7.6.1.1. Stainless Steel
  - 7.6.1.2. Titanium
  - 7.6.1.3. Nickel
  - 7.6.1.4. Others
- 7.6.2. Ceramics
- 7.6.3. Polymers
  - 7.6.3.1. Silicone
  - 7.6.3.2. Polyurethane
  - 7.6.3.3. Polypropylene
  - 7.6.3.4. Others
7.7. Current Market Size (US$ Mn) Forecast By Application, 2023 - 2030
- 7.7.1. Neurology
- 7.7.2. Orthopedics
- 7.7.3. General Surgery
- 7.7.4. Cardiovascular
- 7.7.5. Dentistry
- 7.7.6. Gynecology
- 7.7.7. Others
7.8. Market Attractiveness Analysis

8. Europe Medical Device Coating Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Historical Market Size (US$ Mn) Analysis By Market, 2018 - 2022
- 8.2.1. By Country
- 8.2.2. By Product
- 8.2.3. By Substrate
- 8.2.4. By Application
8.3. Current Market Size (US$ Mn) Forecast By Country, 2023 - 2030
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
8.4. Current Market Size (US$ Mn) Forecast By Product, 2023 - 2030
- 8.4.1. Hydrophilic Coatings
- 8.4.2. Antimicrobial Coatings
- 8.4.3. Drug-eluting Coatings
- 8.4.4. Anti-thrombogenic Coatings
- 8.4.5. Others
8.5. Current Market Size (US$ Mn) Forecast By Substrate, 2023 - 2030
- 8.5.1. Metals
  - 8.5.1.1. Stainless Steel
  - 8.5.1.2. Titanium
  - 8.5.1.3. Nickel
  - 8.5.1.4. Others
- 8.5.2. Ceramics
- 8.5.3. Polymers
  - 8.5.3.1. Silicone
  - 8.5.3.2. Polyurethane
  - 8.5.3.3. Polypropylene
  - 8.5.3.4. Others
8.6. Current Market Size (US$ Mn) Forecast By Application, 2023 - 2030
- 8.6.1. Neurology
- 8.6.2. Orthopedics
- 8.6.3. General Surgery
- 8.6.4. Cardiovascular
- 8.6.5. Dentistry
- 8.6.6. Gynecology
- 8.6.7. Others
8.7. Market Attractiveness Analysis

9. East Asia Medical Device Coating Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Historical Market Size (US$ Mn) Analysis By Market, 2018 - 2022
- 9.2.1. By Country
- 9.2.2. By Product
- 9.2.3. By Substrate
- 9.2.4. By Application
9.3. Current Market Size (US$ Mn) Forecast By Country, 2023 - 2030
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product, 2023 - 2031
- 9.4.1. Hydrophilic Coatings
- 9.4.2. Antimicrobial Coatings
- 9.4.3. Drug-eluting Coatings
- 9.4.4. Anti-thrombogenic Coatings
- 9.4.5. Others
9.5. Current Market Size (US$ Mn) Forecast By Substrate, 2023 - 2030
- 9.5.1. Metals
  - 9.5.1.1. Stainless Steel
  - 9.5.1.2. Titanium
  - 9.5.1.3. Nickel
  - 9.5.1.4. Others
- 9.5.2. Ceramics
- 9.5.3. Polymers
  - 9.5.3.1. Silicone
  - 9.5.3.2. Polyurethane
  - 9.5.3.3. Polypropylene
  - 9.5.3.4. Others
9.6. Current Market Size (US$ Mn) Forecast By Application, 2023 - 2030
- 9.6.1. Neurology
- 9.6.2. Orthopedics
- 9.6.3. General Surgery
- 9.6.4. Cardiovascular
- 9.6.5. Dentistry
- 9.6.6. Gynecology
- 9.6.7. Others
9.7. Market Attractiveness Analysis

10. South Asia & Oceania Medical Device Coating Market Outlook: Historical (2018 - 2023) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Historical Market Size (US$ Mn) Analysis By Market, 2018 - 2022
- 10.2.1. By Country
- 10.2.2. By Product
- 10.2.3. By Substrate
- 10.2.4. By Application
10.3. Current Market Size (US$ Mn) Forecast By Country, 2023 - 2030
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of South Asia & Oceania
10.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product, 2023 - 2031
- 10.4.1. Hydrophilic Coatings
- 10.4.2. Antimicrobial Coatings
- 10.4.3. Drug-eluting Coatings
- 10.4.4. Anti-thrombogenic Coatings
- 10.4.5. Others
10.5. Current Market Size (US$ Mn) Forecast By Substrate, 2023 - 2030
- 10.5.1. Metals
  - 10.5.1.1. Stainless Steel
  - 10.5.1.2. Titanium
  - 10.5.1.3. Nickel
  - 10.5.1.4. Others
- 10.5.2. Ceramics
- 10.5.3. Polymers
  - 10.5.3.1. Silicone
  - 10.5.3.2. Polyurethane
  - 10.5.3.3. Polypropylene
  - 10.5.3.4. Others
10.6. Current Market Size (US$ Mn) Forecast By Application, 2023 - 2030
- 10.6.1. Neurology
- 10.6.2. Orthopedics
- 10.6.3. General Surgery
- 10.6.4. Cardiovascular
- 10.6.5. Dentistry
- 10.6.6. Gynecology
- 10.6.7. Others
10.7. Market Attractiveness Analysis

11. Latin America Medical Device Coating Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

11.1. Key Highlights
11.2. Historical Market Size (US$ Mn) Analysis By Market, 2018 - 2022
- 11.2.1. By Country
- 11.2.2. By Product
- 11.2.3. By Substrate
- 11.2.4. By Application
11.3. Current Market Size (US$ Mn) Forecast By Country, 2023 - 2030
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of Latin America
11.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product, 2023 - 2031
- 11.4.1. Hydrophilic Coatings
- 11.4.2. Antimicrobial Coatings
- 11.4.3. Drug-eluting Coatings
- 11.4.4. Anti-thrombogenic Coatings
- 11.4.5. Others
11.5. Current Market Size (US$ Mn) Forecast By Substrate, 2023 - 2030
- 11.5.1. Metals
  - 11.5.1.1. Stainless Steel
  - 11.5.1.2. Titanium
  - 11.5.1.3. Nickel
  - 11.5.1.4. Others
- 11.5.2. Ceramics
- 11.5.3. Polymers
  - 11.5.3.1. Silicone
  - 11.5.3.2. Polyurethane
  - 11.5.3.3. Polypropylene
  - 11.5.3.4. Others
11.6. Current Market Size (US$ Mn) Forecast By Application, 2023 - 2030
- 11.6.1. Neurology
- 11.6.2. Orthopedics
- 11.6.3. General Surgery
- 11.6.4. Cardiovascular
- 11.6.5. Dentistry
- 11.6.6. Gynecology
- 11.6.7. Others
11.7. Market Attractiveness Analysis

12. Middle East & Africa Medical Device Coating Market Outlook: Historical (2018 - 2023) and Forecast (2023 - 2030)

12.1. Key Highlights
12.2. Historical Market Size (US$ Mn) Analysis By Market, 2018 - 2022
- 12.2.1. By Country
- 12.2.2. By Product
- 12.2.3. By Substrate
- 12.2.4. By Application
12.3. Current Market Size (US$ Mn) Forecast By Country, 2023 - 2030
- 12.3.1. GCC
- 12.3.2. Egypt
- 12.3.3. South Africa
- 12.3.4. Northern Africa
- 12.3.5. Rest of Middle East & Africa
12.4. Current Market Size (US$ Mn) and Volume Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product, 2023 - 2030
- 12.4.1. Hydrophilic Coatings
- 12.4.2. Antimicrobial Coatings
- 12.4.3. Drug-eluting Coatings
- 12.4.4. Anti-thrombogenic Coatings
- 12.4.5. Others
12.5. Current Market Size (US$ Mn) Forecast By Substrate, 2023 - 2030
- 12.5.1. Metals
  - 12.5.1.1. Stainless Steel
  - 12.5.1.2. Titanium
  - 12.5.1.3. Nickel
  - 12.5.1.4. Others
- 12.5.2. Ceramics
- 12.5.3. Polymers
  - 12.5.3.1. Silicone
  - 12.5.3.2. Polyurethane
  - 12.5.3.3. Polypropylene
  - 12.5.3.4. Others
12.6. Current Market Size (US$ Mn) Forecast By Application, 2023 - 2030
- 12.6.1. Neurology
- 12.6.2. Orthopedics
- 12.6.3. General Surgery
- 12.6.4. Cardiovascular
- 12.6.5. Dentistry
- 12.6.6. Gynecology
- 12.6.7. Others
12.7. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.2.3. Apparent Production Capacity
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Surmodics, Inc.
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. DSM
  - 13.3.2.1. Overview
  - 13.3.2.2. Segments and Products
  - 13.3.2.3. Key Financials
  - 13.3.2.4. Market Developments
  - 13.3.2.5. Market Strategy
- 13.3.3. PPG Industries, Inc.
  - 13.3.3.1. Overview
  - 13.3.3.2. Segments and Products
  - 13.3.3.3. Key Financials
  - 13.3.3.4. Market Developments
  - 13.3.3.5. Market Strategy
- 13.3.4. Sono-Tek Corporation
  - 13.3.4.1. Overview
  - 13.3.4.2. Segments and Products
  - 13.3.4.3. Key Financials
  - 13.3.4.4. Market Developments
  - 13.3.4.5. Market Strategy
- 13.3.5. Materion Corporation
  - 13.3.5.1. Overview
  - 13.3.5.2. Segments and Products
  - 13.3.5.3. Key Financials
  - 13.3.5.4. Market Developments
  - 13.3.5.5. Market Strategy
- 13.3.6. Hydromer Inc.
  - 13.3.6.1. Overview
  - 13.3.6.2. Segments and Products
  - 13.3.6.3. Key Financials
  - 13.3.6.4. Market Developments
  - 13.3.6.5. Market Strategy
- 13.3.7. Precision Coating Company, Inc.
  - 13.3.7.1. Overview
  - 13.3.7.2. Segments and Products
  - 13.3.7.3. Key Financials
  - 13.3.7.4. Market Developments
  - 13.3.7.5. Market Strategy
- 13.3.8. Freudenberg Medical
  - 13.3.8.1. Overview
  - 13.3.8.2. Segments and Products
  - 13.3.8.3. Key Financials
  - 13.3.8.4. Market Developments
  - 13.3.8.5. Market Strategy
- 13.3.9. Biocoat Incorporated
  - 13.3.9.1. Overview
  - 13.3.9.2. Segments and Products
  - 13.3.9.3. Key Financials
  - 13.3.9.4. Market Developments
  - 13.3.9.5. Market Strategy
- 13.3.10. Covalon Technologies Ltd.
  - 13.3.10.1. Overview
  - 13.3.10.2. Segments and Products
  - 13.3.10.3. Key Financials
  - 13.3.10.4. Market Developments
  - 13.3.10.5. Market Strategy
- 13.3.11. Harland Medical Systems
  - 13.3.11.1. Overview
  - 13.3.11.2. Segments and Products
  - 13.3.11.3. Key Financials
  - 13.3.11.4. Market Developments
  - 13.3.11.5. Market Strategy
- 13.3.12. Specialty Coating Systems Inc.
  - 13.3.12.1. Overview
  - 13.3.12.2. Segments and Products
  - 13.3.12.3. Key Financials
  - 13.3.12.4. Market Developments
  - 13.3.12.5. Market Strategy
- 13.3.13. Medical Surface Inc.
  - 13.3.13.1. Overview
  - 13.3.13.2. Segments and Products
  - 13.3.13.3. Key Financials
  - 13.3.13.4. Market Developments
  - 13.3.13.5. Market Strategy
- 13.3.14. Merit Medical Systems, Inc.
  - 13.3.14.1. Overview
  - 13.3.14.2. Segments and Products
  - 13.3.14.3. Key Financials
  - 13.3.14.4. Market Developments
  - 13.3.14.5. Market Strategy
- 13.3.15. Medicoat AG
  - 13.3.15.1. Overview
  - 13.3.15.2. Segments and Products
  - 13.3.15.3. Key Financials
  - 13.3.15.4. Market Developments
  - 13.3.15.5. Market Strategy
- 13.3.16. Allvivo Vascular, Inc.
  - 13.3.16.1. Overview
  - 13.3.16.2. Segments and Products
  - 13.3.16.3. Key Financials
  - 13.3.16.4. Market Developments
  - 13.3.16.5. Market Strategy

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations