Medical Device Coating Market
Medical Device Coating Market by Coating Type (Anti-Microbial Coatings for Medical Devices, Drug-Eluting Coatings for Medical Devices, Hydrophilic Coatings for Medical Devices), by Application & Region – Global Forecast 2021 to 2031
Analysis of Medical Device Coating market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Medical Device Coating Market Outlook
The global medical device coating market size is likely to be valued at US$ 1.2 Bn by 2021-end, with an anticipated CAGR of 7.2% across the 2021-2031 assessment period, with sales of hydrophilic coatings expected to be maximum at US$ 2 Bn. Overall, the market is slated to reach US$ 2.4 Bn by 2031.
| Report Attributes | Details |
|---|---|
| Market Size Value in 2021 | US$ 1.2 Bn |
| Projected Market Forecast Value by 2031 | US$ 2.4 Bn |
| Global Growth Rate (2021 to 2031) | 7.2% CAGR |
| Fastest Growing Market | U.S (12% CAGR) |
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2016 to 2020 Coatings for Medical Devices Market analysis VS 2021 to 2031 forecast
Demand for medical device coatings surged at a CAGR of 6.7% from 2016 to 2020. Advancements and inclination toward minimally invasive procedures, increase in demand for implantable devices, and a spike in worldwide population disposable income drove market growth over the historical era.
Increasing government spending and an increase in COVID-19 cases around the world will stimulate demand for ventilators, cardiovascular devices, catheters, sutures, guide wires, stents, syringes, mandrels, and another medical sector protective equipment. The incidence of arthritis, cancer, and cardiovascular problems, all of which require complex surgical treatment, has boosted the demand for minimally invasive operations. As a result, there is a greater demand for lightweight medical equipment capable of navigating difficult processes.
The medical device coating market is estimated to expand 2x, reaching US$ 2.4 Bn by the end of the 2021 to 2031 forecast period. An aging population, and an increase in the prevalence of cardiovascular diseases are all expected to drive growth.
Increased Scope of Medical Devices Industry Propelling Coatings for Medical Devices Sales?
As global population growth intensifies, governments worldwide are compelled to allocate wider budget margins towards strengthening existing healthcare infrastructure. A major aspect of this trend is the heightened spending on facilitating R&D with respect to introducing robust and good quality medical devices for a wide range of health problems.
Developments such as minimally invasive surgeries and AI-enabled diagnostics have led to a flurry of new device launches in the industry. For instance, in 2020, the U.S Food & Drug Administration granted approvals to a wide range of medical devices, including the VerciseTM PC and Vercise GeviaTM Deep Brain Stimulation (Boston Scientific), the MiniMed 770G Glucose Monitoring System (Medtronic), and others.
Such aforementioned approvals are rapidly broadening the scope for high-grade coatings for medical devices. Numerous manufacturers have made it big in the market. AeonClad Coatings, a prominent medical device coatings producer, has been offering its dry coating technology since the past decade, for biomedical applications. The coatings are used for encapsulating drugs or active pharmaceutical ingredients.
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Start-Ups to Usher in New Era for Medical Device Coatings Manufacturing?
While established market players account for a significant stake in the global market, several start-up organizations are generating equally lucrative growth opportunities across the market. These companies offer highly state-of-the-art and robust coatings solutions for major and minor medical devices across key application areas.
For instance, Canadian start-up TriPhyll offers bio-nanotechnology produced antimicrobial surface coating solutions. Developing the Medical Device Antimicrobial & Antiaggregration Coating (MAAC) platform, it functionalizes nanoparticles and incorporates them into a polymer matrix, making a hydrophobic nanocomposite coating, preventing the formation of microbial film and enhancing shelf-life of collected blood samples.
Likewise, LipoCoat, a Dutch startup, develops bio-inspired coatings for medical devices, including contact lenses, implants and catheters. The coating is hydrophilic, contains anti-fouling properties and are highly sustainable in nature. It is 5 nanometers thick and mimics the bilipid layer of a cell membrane, enhancing stability via regeneration.
Country-Wise Analysis
What is the Scope of Growth for Coatings for Medical Devices Manufacturers in China?
According to Fact.MR, demand for coatings for medical devices in China is slated to surge impressively, at over 7% value CAGR until 2031. A growing aging population and a sizable obese population are expected to increase the prevalence of cardiovascular problems in the region, driving the need for advanced medical equipment.
Furthermore, an expanding healthcare infrastructure to accommodate the ever increasing need of patients to seek effective treatment is also bolstering prospects for growth of medical devices coating market in China. Studies indicate that China recorded total healthcare spending of US$ 574 billion in 2016. This included procurement of high-grade medical equipment, impelling sales of coatings for medical devices.
A Flourishing Medical Devices Industry Providing Traction to the Indian Market?
During the forecast period, the Indian medical device coating market is expected to rise at a CAGR of 10%. Growth is majorly attributed to the rapid evolution of the domestic medical devices industry, given the increased proliferation of the healthcare industry in general.
As per the India Brand Equity Foundation, the medical technology sector in India is projected to reach US$ 50 billion by 2025. On the policy front, 100% FDI is permitted in the medical devices sector across the country. For example, in July 2021, the government announced the construction of a medical park in Uttar Pradesh, which will likely generate US$ 67.13 million worth of business in the state.
The report further states that in FY20, foreign investments increased 98% YoY to US$ 301.01 million. Also, India and Russia have signed a bilateral trade target at US$ 30 billion by 2025 with respect to medical devices. All these aforementioned developments are expected to attract major manufacturers of medical device coatings to the country.
How is the U.S. Dominant Position in the Medical Devices Industry Propelling Sales of Coatings for Medical Devices?
According to SelectUSA, the U.S. remains the largest medical device market in the world, accounting for 40% of the global industry as of 2017. By 2023, it is expected to grow to US$ 208 billion. Naturally, demand for medical device coating market has remained high since several years.
The U.S. is at the forefront of medical device coating adoption, owing to superior healthcare infrastructure and substantial medical device spending. Increased medical equipment export volumes, a greater emphasis on home healthcare, and technical improvements are further boosting the regional market.
Furthermore, rising COVID-19 instances in the United States have increased demand for advanced medical treatments and boosted healthcare spending, resulting in a significant increase in the use of medical device coatings in the region. Based on these aforementioned trends, Fact.MR expects the U.S. medical device coating market to surge at 12% CAGR until 2031.
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Category-Wise Insights
Will Coatings for Orthopedic Devices Experience High Growth?
Orthopedic device producers are always seeking the right blend of performance, cost, and delivery (the length of time it takes to complete the process). Some high-performance coatings are so pricey that they are beyond of reach for most orthopedic uses. As per Fact.MR, a CAGR of 6% is projected for this segment until 2031.
Tighter tolerances, stringent regulatory controls, and intensive sterilizing methods to battle "superbugs" and other infections underscore the vital role that coatings and surface treatments play in the development of safer and more effective products. Incorporating novel surface modifications or coatings that improve osseo-integration and infection rates is a wonderful approach for OEMs to differentiate themselves and increase market share.
Will Antimicrobial Coatings Remain Prominent?
Antimicrobial coatings have grown in popularity as a result of increased awareness of hospital-acquired illnesses and a favorable research and financing environment. For example, the US Centers for Disease Control and Prevention reported in 2018 that around 1.7 million people hospitalized each year acquire healthcare-associated infections (HCAIs) while being treated for other health conditions. As a result, almost 98,000 patients die as a result of these infections.
The demand for antimicrobial coatings for medical devices is increasing as the frequency of hospital-acquired infections continues to climb. This is motivated by the need to prevent or eliminate the growth of any germs which can cause hospital acquired infections (HAIs). Hence, Fact.MR expects antimicrobial coatings to hold 50% of global revenue share.
How will Hydrophilic Coatings Reach the $2 Billion Mark by 2031?
By 2031, the hydrophilic segment will be worth US$ 2 Bn. Hydrophilic surface coatings are utilized on devices like tubes that require improved wettability in order to interact properly with biological tissues and fluids. Hydrophilic coatings are commonly used to reduce friction in medical equipment such as cardiac pacemakers, introducer sheaths, guide wires, and catheters.
The segment is expected to benefit from a variety of characteristics, such as reduced coefficient of friction, increased durability, high lubricity, optical clarity, and the ability to withstand maintenance processes such as cleaning, sterilization, and storing. The global Hydrophilic category is expected to grow at a 6.8% CAGR.
Competitive Landscape
In the coming decade, manufacturers in the coatings for medical devices market will primarily focus on strategic acquisitions, collaborations, and product launches.
- In September 2021, Hydromer Inc. announced that its new facility in North Carolina is fully operational, with extensive new capabilities. Being a global super-specialty coatings for medical and industrial applications manufacturer, the facility will produce coatings which can be heat or UV cured, in solvent and water based versions
- Likewise, in the same month, Biocoat Inc. announced the expansion of its on-site ISO-certified, full-service contract coating service unit to include the ability to cure via UV light and plasma treat interventional medical devices. It has additionally announced the introduction of plasma treatment services for difficult to coat substances
Report Scope
| Attributes | Details |
|---|---|
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2016 to 2020 |
| Key Companies Profiled | AdvanSource Biomaterials Corporation; AeonClad Coatings LLC; Allvivo Vascular Inc.; Armology of Connecticut Inc.; AST Products Inc.; Biocoat Inc.; Carmeda AB; Covalon Technologies Ltd.; Hemoteq AG; Hydromer Inc.; Materion Corp.; Royal DSM N.V (DSM Corporation) |
| Pricing | Available upon Request |
Key Segments Covered
-
By Type:
- Anti-Microbial Coatings for Medical Devices
- Drug-Eluting Coatings for Medical Devices
- Hydrophilic Coatings for Medical Devices
- Other Types of Coatings for Medical Devices
-
By Application:
- Coatings for Cardiovascular Devices
- Coatings for Orthopedic Devices
- Coatings for Neurology Devices
- Coatings for Gynecology Devices
- Coatings for Other Applications
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. COVID-19 Impact on Global Market
- 4. Production Outlook, by Region
- 5. Price Trend Analysis, 2021 to 2031
- 6. Global Market Analysis and Forecast, by Type, 2021 to 2031
- 6.1. Anti-microbial
- 6.2. Drug-eluting
- 6.3. Hydrophilic
- 6.4. Other Types
- 7. Global Market Analysis and Forecast, by Application, 2021 to 2031
- 7.1. Cardiovascular
- 7.2. Orthopedic
- 7.3. Neurology
- 7.4. Gynecology
- 7.5. Other Applications
- 8. Global Market Analysis and Forecast, by Region, 2021 to 2031
- 8.1. North America
- 8.2. Europe
- 8.3. East Asia
- 8.4. Latin America
- 8.5. South Asia & Oceania
- 9. North America Market Analysis and Forecast, 2021 to 2031
- 10. Europe Market Analysis and Forecast, 2021 to 2031
- 11. East Asia Market Analysis and Forecast, 2021 to 2031
- 12. South Asia & Oceania Market Analysis and Forecast, 2021 to 2031
- 13. Latin America Market Analysis and Forecast, 2021 to 2031
- 14. Middle East & Africa Market Analysis and Forecast, 2021 to 2031
- 15. Competition Landscape
- 15.1. AdvanSource Biomaterials Corp.
- 15.2. AeonClad Coatings LLC
- 15.3. Allvivo Vascular Inc.
- 15.4. Armoloy of Collecticut Inc.
- 15.5. AST Products Inc.
- 15.6. Biocoat Inc.
- 15.7. Carmeda AB
- 15.8. Covalon Technologies Ltd.
- 15.9. Hemoteq AG
- 15.10. Hydromer Inc.
- 15.11. Materion Corporation
- 15.12. Royal DSM
- 16. Assumptions & Acronyms Used
- 17. Research Methodology
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List Of Table
Table 1 Global Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 2 Global Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 3 Global Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 4 Global Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 5 Global Market Volume (Tons) Forecast, by Region, 2021 to 2031
Table 6 Global Market Value (Mn) Forecast, by Region, 2021 to 2031
Table 7 North America Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 8 North America Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 9 North America Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 10 North America Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 11 North America Market Volume (Tons) Forecast, by Country, 2021 to 2031
Table 12 North America Market Value (Mn) Forecast, by Country, 2021 to 2031
Table 13 U.S. Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 14 U.S. Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 15 U.S. Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 16 U.S. Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 17 Canada Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 18 Canada Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 19 Canada Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 20 Canada Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 21 Europe Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 22 Europe Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 23 Europe Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 24 Europe Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 25 Europe Market Volume (Tons) Forecast, by Country and Sub-region, 2021 to 2031
Table 26 Europe Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2031
Table 27 Germany Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 28 Germany Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 29 Germany Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 30 Germany Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 31 U.K. Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 32 U.K. Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 33 U.K. Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 34 U.K. Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 35 France Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 36 France Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 37 France Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 38 France Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 39 Italy Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 40 Italy Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 41 Italy Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 42 Italy Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 43 Spain Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 44 Spain Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 45 Spain Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 46 Spain Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 47 Russia & CIS Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 48 Russia & CIS Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 49 Russia & CIS Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 50 Russia & CIS Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 51 Rest of Europe Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 52 Rest of Europe Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 53 Rest of Europe Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 54 Rest of Europe Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 55 East Asia Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 56 East Asia Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 57 East Asia Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 58 East Asia Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 59 East Asia Market Volume (Tons) Forecast, by Country and Sub-region, 2021 to 2031
Table 60 East Asia Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2031
Table 61 China Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 62 China Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 63 China Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 64 China Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 65 Japan Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 66 Japan Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 67 Japan Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 68 Japan Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 69 Rest of East Asia Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 70 Rest of East Asia Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 71 Rest of East Asia Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 72 Rest of East Asia Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 73 South Asia & Oceania Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 74 South Asia & Oceania Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 75 South Asia & Oceania Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 76 South Asia & Oceania Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 77 South Asia & Oceania Market Volume (Tons) Forecast, by Country and Sub-region, 2021 to 2031
Table 78 South Asia & Oceania Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2031
Table 79 India Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 80 India Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 81 India Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 82 India Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 83 ASEAN Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 84 ASEAN Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 85 ASEAN Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 86 ASEAN Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 87 Rest of South Asia & Oceania Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 88 Rest of South Asia & Oceania Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 89 Rest of South Asia & Oceania Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 90 Rest of South Asia & Oceania Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 91 Latin America Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 92 Latin America Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 93 Latin America Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 94 Latin America Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 95 Latin America Market Volume (Tons) Forecast, by Country and Sub-region, 2021 to 2031
Table 96 Latin America Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2031
Table 97 Brazil Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 98 Brazil Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 99 Brazil Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 100 Brazil Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 101 Mexico Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 102 Mexico Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 103 Mexico Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 104 Mexico Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 105 Rest of Latin America Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 106 Rest of Latin America Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 107 Rest of Latin America Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 108 Rest of Latin America Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 109 Middle East & Africa Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 110 Middle East & Africa Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 111 Middle East & Africa Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 112 Middle East & Africa Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 113 Middle East & Africa Market Volume (Tons) Forecast, by Country and Sub-region, 2021 to 2031
Table 114 Middle East & Africa Market Value (Mn) Forecast, by Country and Sub-region, 2021 to 2031
Table 115 GCC Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 116 GCC Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 117 GCC Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 118 GCC Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 119 South Africa Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 120 South Africa Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 121 South Africa Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 122 South Africa Market Value (Mn) Forecast, by Application, 2021 to 2031
Table 123 Rest of Middle East & Africa Market Volume (Tons) Forecast, by Type, 2021 to 2031
Table 124 Rest of Middle East & Africa Market Value (Mn) Forecast, by Type, 2021 to 2031
Table 125 Rest of Middle East & Africa Market Volume (Tons) Forecast, by Application, 2021 to 2031
Table 126 Rest of Middle East & Africa Market Value (Mn) Forecast, by Application, 2021 to 2031
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List Of Figures
Figure 1 Global Price Trend, by Region, 2021 to 2031 (US$/Ton)
Figure 2 Global Market Volume Share, by Type, 2020, 2021 and 2031
Figure 3 Global Market Attractiveness, by Type
Figure 4 Global Market Volume Share, by Application, 2020, 2021 and 2031
Figure 5 Global Market Attractiveness, by Application
Figure 6 Global Market Volume Share, by Region, 2020, 2021 and 2031
Figure 7 Global Market Attractiveness, by Region
Figure 8 North America Market Volume Share, by Type, 2020, 2021 and 2031
Figure 9 North America Market Attractiveness, by Type
Figure 10 North America Market Volume Share, by Application, 2020, 2021 and 2031
Figure 11 North America Market Attractiveness, by Application
Figure 12 North America Market Volume Share, by Country, 2020, 2021 and 2031
Figure 13 North America Market Attractiveness, by Country
Figure 14 Europe Market Volume Share, by Type, 2020, 2021 and 2031
Figure 15 Europe Market Attractiveness, by Type
Figure 16 Europe Market Volume Share, by Application, 2020, 2021 and 2031
Figure 17 Europe Market Attractiveness, by Application
Figure 18 Europe Market Volume Share, by Country and Sub-region, 2020, 2021 and 2031
Figure 19 Europe Market Attractiveness, by Country and Sub-region
Figure 20 East Asia Market Volume Share, by Type, 2020, 2021 and 2031
Figure 21 East Asia Market Attractiveness, by Type
Figure 22 East Asia Market Volume Share, by Application, 2020, 2021 and 2031
Figure 23 East Asia Market Attractiveness, by Application
Figure 24 East Asia Market Volume Share, by Country and Sub-region, 2020, 2021 and 2031
Figure 25 East Asia Market Attractiveness, by Country and Sub-region
Figure 26 South Asia & Oceania Market Volume Share, by Type, 2020, 2021 and 2031
Figure 27 South Asia & Oceania Market Attractiveness, by Type
Figure 28 South Asia & Oceania Market Volume Share, by Application, 2020, 2021 and 2031
Figure 29 South Asia & Oceania Market Attractiveness, by Application
Figure 30 South Asia & Oceania Market Volume Share, by Country and Sub-region, 2020, 2021 and 2031
Figure 31 South Asia & Oceania Market Attractiveness, by Country and Sub-region
Figure 32 Latin America Market Volume Share, by Type, 2020, 2021 and 2031
Figure 33 Latin America Market Attractiveness, by Type
Figure 34 Latin America Market Volume Share, by Application, 2020, 2021 and 2031
Figure 35 Latin America Market Attractiveness, by Application
Figure 36 Latin America Market Volume Share, by Country and Sub-region, 2020, 2021 and 2031
Figure 37 Latin America Market Attractiveness, by Country and Sub-region
Figure 38 Middle East & Africa Market Volume Share, by Type, 2020, 2021 and 2031
Figure 39 Middle East & Africa Market Attractiveness, by Type
Figure 40 Middle East & Africa Market Volume Share, by Application, 2020, 2021 and 2031
Figure 41 Middle East & Africa Market Attractiveness, by Application
Figure 42 Middle East & Africa Market Volume Share, by Country and Sub-region, 2020, 2021 and 2031
Figure 43 Middle East & Africa Market Attractiveness, by Country and Sub-region
Figure 44 Global Market Share Analysis, by Company, 2020
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the expected current valuation for coatings for medical devices?
By 2021-end, Fact.MR expects the coatings for medical devices market to be valued at US$ 1.2 Bn
What is the projected expansion rate for the market for coatings for medical devices?
From 2021-2031, coatings for medical devices sales will likely expand at 7.2% CAGR
What was the last 5 years market CAGR for the coatings for medical devices?
From 2016-2020, sales of coatings for medical devices surged at a CAGR of 6.7%
What is the expected market valuation for coatings for medical devices in 2031?
As of 2031, revenue of coatings for medical devices is expected to reach US$ 2.4 Bn
What is the growth outlook for coatings for medical devices in the U.S?
The U.S is slated to emerge as the fastest growing market, registering a 13% CAGR
Will India emerge as an opportunistic growth hotspot for medical device coatings?
India is anticipated to emerge as an attractive market, clocking a CAGR worth 10%
How will China generate growth prospects for coatings for medical devices?
In China, demand for coatings for medical devices will likely register a CAGR of 7% through 2031
Which is the key application area for medical device coatings?
Orthopedic devices will emerge as the fastest expanding category, progressing at a CAGR of 6% until 2031
Which type of coatings for medical devices will remain highly preferred?
Antimicrobial coatings are expected to be most preferred, capturing 50% of global market demand
Which are some prominent coatings for medical devices manufacturers?
Prominent manufacturers of medical device coatings include Hydromer Inc., Biocoat Inc., Covalon Technologies Ltd. and AeonClad Coatings LLC among others
Medical Device Coating Market