Medical Device Coatings: Global Markets

The global market for medical device coating reached $7.1 billion in 2016 and should reach $7.9 billion in 2021, with a compound annual growth rate (CAGR) of 2.2%.

Report Includes

• An overview of the global markets for medical device coatings and related technologies.
• Analyses of global market trends, with data from 2015, 2016, projections of compound annual growth rates (CAGRs) through 2021.
• Information on the specific drivers, trends, and challenges for different segments of the market.
• Valuable insight into future trends, details on products, and information on coating manufacturers who supply the materials, the medical device companies that use them and the members of the healthcare industry that influence purchases.
• Details pertaining to technologies, including alloy, ceramic, combination, energy-absorbing, energy-emitting, micro and nano, protective polymer, and surface treatment. 
• Relevant patent analysis.

The global medical device coating market reached about $6.1 billion in 2013. This market is expected to grow to $6.3 billion in 2014 and $9 billion in 2019, with a compound annual growth rate (CAGR) of 7.3% from 2014 to 2019.

Report Includes

• An overview of the global markets for medical device coatings and related technologies.
• Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
• Information on the specific drivers, trends, and challenges for different segments of the market.
• Valuable insight into future trends, details on products, and information on coating manufacturers who supply the materials, the medical device companies which use it and the members of the healthcare that influence purchases.
• Details pertaining to technologies including alloy, ceramic, combination, energy-absorbing, energy-emitting, micro and nano, protective polymer, and surface treatment. 
• Comprehensive profiles of major players in the industry.

The global medical device coating market reached $4.8 billion in 2010 and $5.4 billion in 2011. The market is expected to grow from $5.7 billion in 2012 to nearly $8 billion in 2017, a five-year compound annual growth rate (CAGR) of 6.7%.

• The global medical device coatings market will increase from an estimated $4.2 billion in 2008 to $4.7 billion in 2009. It should reach $7.5 billion in 2014, a compound annual growth rate (CAGR) of 9.9%.
• The NAFTA region has the largest share of the market with an estimated $2.1 billion in sales in 2008. This is expected to increase to $2.4 billion in 2009 and $3.9 billion in 2014, for a CAGR of 10.2%.
• The European Union has the second largest share of the market and is expected to generate $1.1 billion in 2008. This should increase slightly in 2009 and reach $2.0 billion in 2014, for a CAGR of 10.6%.

• The value of worldwide sales for all categories of coatings and surface treatment processes used in manufacturing medical devices reached $2.96 billion in 2005.
• Fueled by an explosive growth in high-value combination products, such as arterial stents and antimicrobial-coated catheters, the global medical device coatings business will experience an average annual growth rate (AAGR) of 12.4%, reaching worldwide sales of $5.31 billion by 2010.
• The swift acceptance of drug-eluting stents as a "gold standard" treatment by surgeons around the globe suggests that the demand for other coated versions of existing medical devices will be equally swift. Our analysis further suggests that there will be a correspondingly swift acceptance of new coated devices as they are introduced.