Report Highlights
The global market for medical device coatings is estimated to increase from $5.8 billion in 2022 to reach $9.7 billion by 2027, at a compound annual growth rate (CAGR) of 10.9% from 2022 through 2027.
Report Includes
- 53 data tables and 13 additional tables
- An overview of the global markets outlook for medical device coatings
- Analyses of global market trends, with data from 2021, 2022, estimation of 2023, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the market opportunities, and major issues and trends affecting the medical industry and estimation of the market size by type, material, region, and application
- Detailed description of different types of coatings such as hydrophilic coatings, antimicrobial coatings, drug-eluting coatings and anti-thrombogenic coatings, and discussion on the product innovations within the medical industry
- Insight into the recent industry structure, regulations and policies, pipeline products, and the vendor landscape of the market leading participants
- Company profiles of the leading global players, including DSM, PPG Industries, Specialty Coating Systems Inc., SurModics, Inc., and PPG Industries
Report Scope
The medical device coatings market is segmented into the follow categories:
- Type: Antimicrobial coatings, hydrophilic coatings, drug-eluting coatings, anti-thrombogenic coatings, and others.
- Material: Polymers, metals, ceramics, and others.
- Application: General surgery, cardiovascular devices, orthopedics, radiology, dentistry, neurology, gynecology, and others.
- Region: North America, Europe, Asia-Pacific (APAC), and the Rest of the World.
Report Synopsis
| Report Metrics | Details | ||||||
|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||
| Forecast period considered | 2022-2027 | ||||||
| Base year market size | $5.3 billion | ||||||
| Market size forecast | $9.7 billion | ||||||
| Growth rate | CAGR of 10.9% for the forecast period of 2022-2027 | ||||||
| Units considered | $ Millions | ||||||
| Segments covered | application, material, type, and region | ||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World | ||||||
| Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
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 Highlights
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 Highlights
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%.
Report Highlights
- 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%.
Report Highlights
- 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.
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