Medical Device Coatings Market Size, Growth, Trends and Foresight to 2022

Global Medical Device Coatings Market Research Report
Global Medical Device Coatings Market Information-By Type (Hydrophilic, Antimicrobial, Drug Eluting, and Anti-Thrombogenic), By Applications (Orthopedics, Neurology, Gynecology, Cardiovascular and Others) and By Region – Forecast till 2022

Synopsis of Global Medical Device Coatings Market

The global medical device coatings market is expected to grow at USD 18.14 billion in 2022 growing with the CAGR of 7.9% from 2016 to 2022. Drivers of this market are the increasing demand for medical coatings to be used in life saving devices from medical industry is expected to increase the consumption of medical coatings, rising demand for life saving devices from developing economies such as Asia Pacific and Latin America is expected to increase the consumption of medical coatings. However, the market might be hindered due to high cost, low shelf life, availability of substitutes and stringent government regulations.

The orthopedics segment is expected to grow tremendously at the CAGR during the forecast period. Antimicrobial coatings is expected to add considerable growth with the CAGR of 8.5% from 2016 to 2022.  Antimicrobial coatings are trending due to as they protect surfaces from fungi, bacteria, and germs. The rising number of hospitals and clinics along with the increasing demand for healthcare facilities creates the need for sophisticated devices and equipments, which will further augment the product demand. 

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Key Players

  • Hydromer Inc.,
  • Materion Corp.,
  • Surmodics Inc.,
  • Sono-Tek Corp,
  • Abbott Laboratories,
  • Royal DSM N.V.,
  • Specialty Coating Systems Inc.,
  • Parlex Corp.,
  • Kane Biotech Inc.,
  • Precision Coating Company Inc.,
  • N8 Medical Inc,
  • Biocoat, Inc.,
  • Others

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Medical Device Coatings Market Research Report- Forecast to 2022

Segmentation of the Market

The medical device coatings market is segmented on basis of type namely hydrophilic, antimicrobial coatings, drug eluting, and anti-thrombogenic. Antimicrobial coatings accounts for 40.2% of the overall market volume share and are expected to show a significant growth due to rising concern about cleanliness in various professional industries which is the core of this market’s development has led to the development of this market. Antimicrobial coating is utilized to protect a surface from micro-organism. 

Hydrophilic coating is  expected to increase  revenue of this market with the CAGR of 8.5% from 2016 to 2022 Growing consumer awareness regarding diversified characteristics of hydrophilic coatings, including durability, low friction coefficient and low particulate count, is expected to increase the  market growth of global medical device coating  in the medical industry. As a result, the demand for related product is expected to increase in the next nine years.If you have any special requirements, please let us know and we will offer you the report as you want.

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Commenting on this report, an analyst from Market Research Future’s (MRFR) team said: “The market of medical device coatings is growing rapidly due to its wide application such as Orthopedics, Neurology, Gynecology, Cardiovascular and Others. The medical device coatings market size is estimated to grow to USD 18.14 billion in 2022 maintaining the CAGR of 7.9% from 2016 to 2022. Rising technological advancement such as introduction of fluorinated, silver and spin coatings, usage of hydroxyapatite and micro blasting technique are drivers of the market.

Application segment

The medical device coatings market is segmented on basis of application namely orthopedics, neurology, gynecology, cardiovascular and others. Cardiovascular will witness significant increase in usage of medical device coating maintaining a CAGR of 8.1 % from 2016 to 2022 due to increase in use of implants and cardiac pacemakers.

The increasing demand of these devices due to of growing geriatric population and unhealthy dietary habits coupled with sedentary lifestyle will increase cases of cardiovascular diseases. However along with this increasing knowledge about leading a healthy lifestyle, its benefits and increasing disposable income is expected to increase the demand for better medical facilitieswhich will further addto thegrowth on this industry in the forecasted period.

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