Acumen Research & Consulting estimates that global Medical Device Coating market is expected to reach the market value of around US$ 16.8 Bn by 2028 and is anticipated to grow at a CAGR of around 8.7% in terms of revenue during the forecast period 2021 - 2028.
Innovation in developing surgical equipment such as catheters, lead wires and stents has greatly increased the quality of patient treatment. Nevertheless, such instruments comprise of materials which may induce unwanted problems such as bacterial contamination, blood clots and tissue damage as they come into contact with external environments. Coating of medical instruments is used to minimize these short entries. For the purpose of wrapping a medical device, manufacturing of covering uses the organic solvent or UV curing. Dry or water-based formulations are used for the handling of solvents as coating materials.
Coatings for medical instruments tend to reduce the frictions between surgical equipment and tissues, providing surface insulation, weighting and even adhesion. The global medical equipment coating market can be divided into dry lubricant, adhesive coating and super-hydrophilic lacquering, depending on the formulation type. The highest market share for medical device coating is the waterproof lubricant coating. Super-hydrophilic coating, however, is expected to rise in the future, as the market for medical devices demands excellent water attraction and visual transparency is growing.
The report provides analysis of global Medical Device Coating market for the period 2017-2028, where in 2021 to 2028 is the forecast period and 2020 is considered as the base year.
Market Insights
In the coming years, the worldwide demand for medical coatings will grow significantly. Their usage of lead cables, syringes, stents, hypo tubing, mandrels, and sutures is common. The growing demand for medicinal and personal technology goods for life-saving equipment and devices is projected to expand the use of consumer products. In order to raise the market for reliable life-saving instruments from Latin America and Asia Pacific emerging economies, for example India, China and Brazil, medical coating products are expected to rise. Nonetheless, it is projected that the demand will be impeded by the danger of imports, commodity ageing, poor quality copy products, reduced shelf-lives and cost rise. Additional developments are considered to be intrusive on the worldwide coatings industry in regulatory laws and legislation for medical devices in various countries.
Regional Stance
North America held major market share and is expected to grow at a steady CAGR amid the projected period in the medical coating industry. The United States has remained the world's largest medical device industry, owing to the growing ageing population and the government's emphasis on delivering high quality health care. More than half of the Canadian demand in medical equipment is supplied by the United States. The diverse and developed Canadian industry needs for high quality medical devices. This is partly due to regional closeness and similarity between the two countries in protection and efficiency requirements. Therefore, the North American region will probably dominate the world market during the forecast time due to the above-mentioned factors.
Europe is expected to be the second biggest market share. Germany represented Europe's largest market share and is projected to remain dominant over the forecast timeframe due to the greater penetration of the country's end consumer industries.
Asia Pacific is also a significant part of the global coating market for medical devices, which is projected to grow at the highest CAGR in the predicted period. In terms of both value and quantity, China dominates the Asia Pacific market. Latin America and the Middle East and Africa follow Asia Pacific, which are predicted to develop at a modest pace over the projected period
Market Segmentation
Medical Device Coating Market By Product
Anti-thrombogenic Coatings
Hydrophilic Coatings
Drug-eluting Coatings
Antimicrobial Coatings
Others
Medical Device Coating Market By Application
Dentistry
Neurology
General surgery
Orthopedics
Gynecology
Cardiovascular
Others
Medical Device Coating Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1.Industry Overview of Medical Device Coating
1.1.Definition and Scope
1.1.1.Definition of Medical Device Coating
1.1.2.Market Segmentation
1.1.3.Years Considered for the Study
1.1.4.Assumptions and Acronyms Used
1.1.4.1.Market Assumptions and Market Forecast
1.1.4.2.Acronyms Used in Global Medical Device Coating Market
1.2.Summary
1.2.1.Executive Summary
1.2.2.Medical Device Coating Market By Product
1.2.3.Medical Device Coating Market By Application
1.2.4.Medical Device Coating Market by Regions
CHAPTER 2.Research Approach
2.1.Methodology
2.1.1.Research Programs
2.1.2.Market Size Estimation
2.1.3.Market Breakdown and Data Triangulation
2.2.Data Source
2.2.1.Secondary Sources
2.2.2.Primary Sources
CHAPTER 3.Market Dynamics And Competition Analysis
3.1.Market Drivers
3.1.1.Driver 1
3.1.2.Driver 2
3.2.Restraints and Challenges
3.2.1.Restrain 1
3.2.2.Restrain 2
3.3.Growth Opportunities
3.3.1.Opportunity 1
3.3.2.Opportunity 2
3.4.Porter’s Five Forces Analysis
3.4.1.Bargaining Power of Suppliers
3.4.2.Bargaining Power of Buyers
3.4.3.Threat of Substitute
3.4.4.Threat of New Entrants
3.4.5.Degree of Competition
3.5.Market Concentration Ratio and Market Maturity Analysis of Medical Device Coating Market
3.5.1.Go To Market Strategy
3.5.1.1.Introduction
3.5.1.2.Growth
3.5.1.3.Maturity
3.5.1.4.Saturation
3.5.1.5.Possible Development
3.6.Technological Roadmap for Medical Device Coating Market
3.7.Value Chain Analysis
3.7.1.List of Key Manufacturers
3.7.2.List of Customers
3.7.3.Level of Integration
3.8.Cost Structure Analysis
3.8.1.Price Trend of Key Raw Materials
3.8.2.Raw Material Suppliers
3.8.3.Proportion of Manufacturing Cost Structure
3.8.3.1.Raw Material
3.8.3.2.Labor Cost
3.8.3.3.Manufacturing Expense
3.9.Regulatory Compliance
3.10.Competitive Landscape, 2020
3.10.1.Player Positioning Analysis
3.10.2.Key Strategies Adopted By Leading Players
CHAPTER 4.Manufacturing Plant Analysis
4.1.Manufacturing Plant Location and Establish Date of Major Manufacturers in 2020
4.2.R&D Status and Application Source of Medical Device Coating Major Manufacturers in 2020
CHAPTER 5.Medical Device Coating Market By Product
5.1.Introduction
5.2.Medical Device Coating Revenue By Product
5.2.1.Medical Device Coating Revenue (US$ Mn) and Forecast, By Product, 2016-2028
5.2.2.Anti-thrombogenic Coatings
5.2.2.1.Anti-thrombogenic Coatings Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
5.2.3.Hydrophilic Coatings
5.2.3.1.Hydrophilic Coatings Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
5.2.4.Drug-eluting Coatings
5.2.4.1.Drug-eluting Coatings Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
5.2.5.Antimicrobial Coatings
5.2.5.1.Antimicrobial Coatings Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
5.2.6.Others
5.2.6.1.Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
CHAPTER 6.Medical Device Coating Market Revenue By Application
6.1.Introduction
6.2.Medical Device Coating Revenue (US$ Mn) By Application
6.2.1.Medical Device Coating Revenue (US$ Mn) and Forecast By Application, 2017- 2028
6.2.2.Dentistry
6.2.2.1.Dentistry Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
6.2.3.Neurology
6.2.3.1.Neurology Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
6.2.4.General surgery
6.2.4.1.General surgery Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
6.2.5.Orthopedics
6.2.5.1.Orthopedics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
6.2.6.Gynecology
6.2.6.1.Gynecology Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
6.2.7.Cardiovascular
6.2.7.1.Cardiovascular Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
6.2.8.Others
6.2.8.1.Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2028
CHAPTER 7.North America Medical Device Coating Market By Country
7.1.North America Medical Device Coating Overview
7.2.U.S.
7.2.1.U.S. Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2016-2028
7.2.2.U.S. Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2016-2028
7.3.Canada
7.3.1.Canada Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2016-2028
7.3.2.Canada Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2016-2028
7.4.North America PEST Analysis
CHAPTER 8.Europe Medical Device Coating Market By Country
8.1.Europe Medical Device Coating Market Overview
8.2.U.K.
8.2.1.U.K. Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2016-2028
8.2.2.U.K. Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2016-2028
8.3.Germany
8.3.1.Germany Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2016-2028
8.3.2.Germany Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2016-2028
8.4.France
8.4.1.France Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2016-2028
8.4.2.France Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2016-2028
8.5.Spain
8.5.1.Spain Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2016-2028
8.5.2.Spain Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2016-2028
8.6.Rest of Europe
8.6.1.Rest of Europe Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2016-2028
8.6.2.Rest of Europe Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2016-2028
8.7.Europe PEST Analysis
CHAPTER 9.Asia Pacific Medical Device Coating Market By Country
9.1.Asia Pacific Medical Device Coating Market Overview
9.2.China
9.2.1.China Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017- 2028
9.2.2.China Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
9.3.Japan
9.3.1.Japan Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017- 2028
9.3.2.Japan Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
9.4.India
9.4.1.India Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017- 2028
9.4.2.India Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
9.5.Australia
9.5.1.Australia Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017- 2028
9.5.2.Australia Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
9.6.South Korea
9.6.1.South Korea Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017- 2028
9.6.2.South Korea Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
9.7.Rest of Asia-Pacific
9.7.1.Rest of Asia-Pacific Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017- 2028
9.7.2.Rest of Asia-Pacific Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
9.8.Asia Pacific PEST Analysis
CHAPTER 10.Latin America Medical Device Coating Market By Country
10.1.Latin America Medical Device Coating Market Overview
10.2.Brazil
10.2.1.Brazil Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017- 2028
10.2.2.Brazil Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
10.3.Mexico
10.3.1.Mexico Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017- 2028
10.3.2.Mexico Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
10.4.Rest of Latin America
10.4.1.Rest of Latin America Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017– 2028
10.4.2.Rest of Latin America Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
CHAPTER 11.Middle East & Africa Medical Device Coating Market By Country
11.1.Middle East & Africa Medical Device Coating Market Overview
11.2.Saudi Arabia
11.2.1.Saudi Arabia Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017- 2028
11.2.2.Saudi Arabia Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
11.3.UAE
11.3.1.UAE Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017- 2028
11.3.2.UAE Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
11.4.Rest of Middle East & Africa
11.4.1.Rest of Middle East & Africa Medical Device Coating Market Revenue (US$ Mn) and Forecast By Product, 2017- 2028
11.4.2.Rest of Middle East & Africa Medical Device Coating Market Revenue (US$ Mn) and Forecast By Application, 2017- 2028
CHAPTER 12.Player Analysis Of Medical Device Coating
12.1.Medical Device Coating Market Company Share Analysis
12.2.Competition Matrix
12.2.1.Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2.New Product Launches and Product Enhancements
12.2.3.Mergers And Acquisition In Global Medical Device Coating Market
12.2.4.Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13.COMPANY PROFILE
13.1.Abbott Laboratories
13.1.1.Company Snapshot
13.1.2.Business Overview
13.1.3.Financial Overview
13.1.3.1.Revenue (US$ Mn), 2020
13.1.3.2.Abbott Laboratories 2020 Medical Device Coating Business Regional Distribution
13.1.4.Product/ Service and Specification
13.1.5.Recent Developments & Business Strategy
13.1.6.Manufacturing Plant Footprint Analysis
13.2.Surmodics, Inc.
13.3.AST Products Inc.
13.4.Royal DSM
13.5.Hydromer Inc.
13.6.Covalon Technologies Ltd.
13.7.Precision Coatings
13.8.Others
