Medical Device Coating Market Size, Share & Trends Analysis Report By Product (Drug-eluting, Hydrophilic, Antimicrobial), By Application (Neurology, Cardiovascular, Dentistry), By Region, And Segment Forecasts, 2023 - 2030
- Report ID: GVR-1-68038-231-0
- Number of Pages: 122
- Format: Electronic (PDF)
- Historical Range: 2018 - 2021
- Industry: Bulk Chemicals
Market Segmentation
- Medical Device Coating Product Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Medical Device Coating Application Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Medical Device Coating Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
- North America
- North America Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- North America Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- U.S.
- U.S. Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- U.S. Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- U.S. Medical Device Coatings Market, by Product
- Canada
- Canada. Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Canada. Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Canada. Medical Device Coatings Market, by Product
- Mexico
- Mexico. Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Mexico Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Mexico. Medical Device Coatings Market, by Product
- North America Medical Device Coatings Market, by Product
- Europe
- Europe Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Europe Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Germany
- Germany. Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Germany Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Germany. Medical Device Coatings Market, by Product
- Spain
- Spain. Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Spain Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Spain. Medical Device Coatings Market, by Product
- France
- France. Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- France Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- France. Medical Device Coatings Market, by Product
- Italy
- Italy. Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Italy Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Italy. Medical Device Coatings Market, by Product
- U.K.
- U.K. Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- U.K. Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- U.K. Medical Device Coatings Market, by Product
- Europe Medical Device Coatings Market, by Product
- Asia Pacific
- Asia Pacific Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Asia Pacific Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- China
- China. Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- China Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- China. Medical Device Coatings Market, by Product
- India
- India Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- India Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- India Medical Device Coatings Market, by Product
- Japan
- Japan Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Japan Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Japan Medical Device Coatings Market, by Product
- South Korea
- South Korea Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- South Korea Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- South Korea Medical Device Coatings Market, by Product
- ASEAN
- ASEAN Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- ASEAN Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- ASEAN Medical Device Coatings Market, by Product
- Asia Pacific Medical Device Coatings Market, by Product
- Central & South America
- Central and South America Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Central and South America Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Brazil
- Brazil Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Brazil Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Brazil Medical Device Coatings Market, by Product
- Chile
- Chile Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Chile Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Chile Medical Device Coatings Market, by Product
- Argentina
- Argentina Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Argentina Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- Argentina Medical Device Coatings Market, by Product
- Central and South America Medical Device Coatings Market, by Product
- Middle East & Africa
- Middle East and Africa Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- Middle East and Africa Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- South Africa
- South Africa Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- South Africa Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- South Africa Medical Device Coatings Market, by Product
- UAE
- UAE Medical Device Coatings Market, by Product
- Hydrophilic Coatings
- Antimicrobial Coatings
- Drug-eluting Coatings
- Anti-thrombogenic Coatings
- Others
- UAE Medical Device Coatings Market, by Application
- Neurology
- Orthopedics
- General surgery
- Cardiovascular
- Dentistry
- Gynecology
- Others
- UAE Medical Device Coatings Market, by Product
- Middle East and Africa Medical Device Coatings Market, by Product
- North America
Medical Device Coating Market Dynamics
Drivers: Growing Medical Devices Industry
Medical devices have a higher risk of contamination, which can result in healthcare-associated infections (HAIs). Therefore, medical coatings like antimicrobial and hydrophilic coatings are applied to these devices to inhibit the growth and spread of bacteria and germs. These coatings are commonly used on catheters, implantable devices, surgical instruments, and more. The global medical devices industry is experiencing substantial growth. This growth is driven by factors such as increased healthcare spending, the expansion of the home healthcare sector, an aging population particularly in North America and Europe, and a rise in cardiovascular diseases. The medical device market’s revenue reached USD 436 billion in 2020, showing an approximate increase of 27% since 2016. The continuous development of healthcare facilities and an increase in patient numbers have stimulated the growth of the medical devices industry. In addition, various government initiatives promoting early disease diagnosis, such as the United Nations Task Force’s cervical cancer prevention and control program, the establishment of long-term care centers, and favorable policies like reimbursement coverage, are further propelling the market’s growth. In 2019, North America was the largest market for medical devices globally. The demand for medical devices in this region is fueled by increased healthcare spending and the presence of well-equipped hospitals and healthcare centers. Europe held the second-largest share of the global medical devices market in 2019. The robust medical infrastructure in Europe, along with the presence of large multinational pharmaceutical companies, is expected to drive the demand for these devices in the region.
Rise In Global Healthcare Expenditure
The U.S. Centers for Medicare & Medicaid Services reports that healthcare spending in the U.S. increased by 4.6% in 2018, reaching USD 3.6 trillion. This accounted for about 17.7% of the nation’s gross domestic product in 2018, a trend expected to persist in the future. The same source projects that U.S. healthcare spending will grow at an average rate of 5.4% from 2019 to 2028, reaching USD 6.2 trillion by 2028. This significant growth is anticipated to be fueled by the increasing medical care needs of the aging population (those 65 years or older), a rise in chronic disorders and diseases, improvements in infrastructure, and technological advancements. These factors are expected to stimulate the medical devices industry and, consequently, increase the demand for medical device coatings. Healthcare expenditure in North America is predicted to be driven by the growing prevalence of chronic diseases and the expansion of insurance coverage in the U.S. In addition, increased government investment in healthcare infrastructure in Mexico is expected to further boost the North American market for medical device coatings. The strengthening of Western European economies is likely to lead to increased healthcare expenditure in annual budget proposals. Healthcare expenditure in Central & South America is expected to be driven by the strengthening healthcare industry in Brazil. Furthermore, the healthcare industry in Asia is expected to be bolstered by the rising income of consumers in economies such as China and India. The robust healthcare industry in India, along with the growth of the medical sector, is expected to increase the demand for medical device coatings in the medical industry.
Restrains: Volatile Raw Material Prices
Silver, copper, zinc, and TiO2 are the primary raw materials used in the production of medical device coatings. These materials are typically found as compounds in ores within the Earth’s crust. The extraction of these ores through mining and their subsequent processing to obtain various metals significantly influences the prices of these raw materials. The high cost of this extraction process, coupled with numerous strict government regulations related to the metals and mining sector, is expected to pose a significant challenge to the medical device coating market in the future. Since October 2017, there has been a slight increase in metal prices due to changes in iron ore dynamics. The demand for high-grade iron ore has increased following a restructuring of China’s steel industry, which was influenced by the implementation of environmental reforms. This has led to a recent increase in iron ore prices. Similarly, silver prices have also risen due to strong global demand and China’s policy of reducing overproduction and pollution by closing factories. In 2020, the prices of raw materials saw a significant drop due to the COVID-19 pandemic. Mining operations worldwide were affected by government-enforced shutdowns and temporary halts, negatively impacting metal prices in the second and third quarters of 2020. In addition, the ongoing trade war between the U.S. and China, characterized by several import tariffs imposed by the U.S. government, is expected to introduce further volatility in raw material prices in the coming years. These factors are anticipated to hinder the growth of the medical device coatings market over the forecast period.
What Does This Report Include?
This section will provide insights into the contents included in this medical device coating market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Medical device coating market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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Medical device coating market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
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