Medical Grade Coatings Market: By Material, Polyvinylidene Fluoride, Silicone, Parylene, Metals and Others), By Formulation, By Application and Region Forecast 2019-2030
Medical Grade Coatings Market size was valued at US$ 7.2 billion in 2023 and is poised to grow at a CAGR of 10.8% from 2024-2030. Factors such as increasing demand for medical devices, benefits of medical grade coatings, rising disposable incomes of the global population, and rising demand for coatings from medical devices are some factors influencing the market growth. Based on material, polytetrafluoroethylene (PTFE) segment accounted for a larger market revenue share in 2020 and projected to gain market revenue share over the forecast period. However, stringent regulatory policies and time-consuming regulatory approvals are inhibiting the market growth.
Study Period
2024-2030Base Year
2023CAGR
10.8%Largest Market
North-AmericaFastest Growing Market
North-America
Market dynamics are changing the medical device market in unprecedented ways. Over the years, the aging population in developed countries, declining birth rates and higher life expectancy and the rise of chronic diseases around the globe have been major demand drivers for medical devices. Demand is further generated thanks to the ever-expanding market geography, changing roles of patients and decision-makers, technological advancements, and increased data availability.
There has been a huge growth in the application of coatings onto medical devices in the last few years. These coatings improves the durability of the equipment and offer outstanding thermal stability, dry-film lubricity and dielectric properties which create substantial market growth over the forecast period. Hence, increasing demand for medical devices is fueling the market growth.
Asia Pacific accounted for larger revenue share in global medical grade coatings market with considerable CAGR owing to rise in healthcare & research expenditure. Growing penetration of new medical devices and strong improvements of the medical device industry are other factors responsible for the market growth. Further, China is the major contributor for the market growth in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 7.2 billion |
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Market CAGR |
10.8% |
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By Material |
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By Formulation |
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By Application |
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By Region |
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Medical grade coatings market size was valued at US$ 7.2 billion in 2023 and is poised to grow at a CAGR of 10.8% from 2024-2030.
The Medical Grade Coatings Market Key Players are Aculon Inc (U.S) AST Products Inc (U.S) Biocoat Inc (England) Covalon Technologies Ltd (Canada) Harland Medical Systems Inc (U.S) Hydromer Inc (U.S) Medicoat Ag (Switzerland)
The Medical Grade Coatings Market Regions are North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1.Executive Summary |
| 2.Global Medical grade coatings market Introduction |
| 2.1.Global Medical grade coatings market - Taxonomy |
| 2.2.Global Medical grade coatings market - Definitions |
| 2.2.1.Material |
| 2.2.2.Formulation |
| 2.2.3.Application |
| 2.2.4.Region |
| 3.Global Medical grade coatings market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Medical grade coatings market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Medical grade coatings market By Material, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Polytetrafluoroethylene (PTFE) |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polyvinylidene fluoride (PVDF) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Silicone |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Parylene |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Metals |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Fluorinated Ethylene Propylene (FEP) |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Perfluoroalkoxy Alkanes (PFA) |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 6.Global Medical grade coatings market By Formulation, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Solvent-Based |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Water-Based |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Medical grade coatings market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Cardiovascular |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Dentistry |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Gynaecology |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Neurology |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Orthopaedics |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Others |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Paediatrics |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 7.8. Ophthalmology |
| 7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.8.3. Market Opportunity Analysis |
| 8.Global Medical grade coatings market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Medical grade coatings market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Polytetrafluoroethylene (PTFE) |
| 9.1.2.Polyvinylidene fluoride (PVDF) |
| 9.1.3.Silicone |
| 9.1.4.Parylene |
| 9.1.5.Metals |
| 9.1.6.Others |
| 9.1.7.Fluorinated Ethylene Propylene (FEP) |
| 9.1.8.Perfluoroalkoxy Alkanes (PFA) |
| 9.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Solvent-Based |
| 9.2.2.Water-Based |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Cardiovascular |
| 9.3.2.Dentistry |
| 9.3.3.Gynaecology |
| 9.3.4.Neurology |
| 9.3.5.Orthopaedics |
| 9.3.6.Others |
| 9.3.7.Paediatrics |
| 9.3.8.Ophthalmology |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Medical grade coatings market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Polytetrafluoroethylene (PTFE) |
| 10.1.2.Polyvinylidene fluoride (PVDF) |
| 10.1.3.Silicone |
| 10.1.4.Parylene |
| 10.1.5.Metals |
| 10.1.6.Others |
| 10.1.7.Fluorinated Ethylene Propylene (FEP) |
| 10.1.8.Perfluoroalkoxy Alkanes (PFA) |
| 10.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Solvent-Based |
| 10.2.2.Water-Based |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Cardiovascular |
| 10.3.2.Dentistry |
| 10.3.3.Gynaecology |
| 10.3.4.Neurology |
| 10.3.5.Orthopaedics |
| 10.3.6.Others |
| 10.3.7.Paediatrics |
| 10.3.8.Ophthalmology |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Medical grade coatings market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Polytetrafluoroethylene (PTFE) |
| 11.1.2.Polyvinylidene fluoride (PVDF) |
| 11.1.3.Silicone |
| 11.1.4.Parylene |
| 11.1.5.Metals |
| 11.1.6.Others |
| 11.1.7.Fluorinated Ethylene Propylene (FEP) |
| 11.1.8.Perfluoroalkoxy Alkanes (PFA) |
| 11.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Solvent-Based |
| 11.2.2.Water-Based |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Cardiovascular |
| 11.3.2.Dentistry |
| 11.3.3.Gynaecology |
| 11.3.4.Neurology |
| 11.3.5.Orthopaedics |
| 11.3.6.Others |
| 11.3.7.Paediatrics |
| 11.3.8.Ophthalmology |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Medical grade coatings market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Polytetrafluoroethylene (PTFE) |
| 12.1.2.Polyvinylidene fluoride (PVDF) |
| 12.1.3.Silicone |
| 12.1.4.Parylene |
| 12.1.5.Metals |
| 12.1.6.Others |
| 12.1.7.Fluorinated Ethylene Propylene (FEP) |
| 12.1.8.Perfluoroalkoxy Alkanes (PFA) |
| 12.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Solvent-Based |
| 12.2.2.Water-Based |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Cardiovascular |
| 12.3.2.Dentistry |
| 12.3.3.Gynaecology |
| 12.3.4.Neurology |
| 12.3.5.Orthopaedics |
| 12.3.6.Others |
| 12.3.7.Paediatrics |
| 12.3.8.Ophthalmology |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Medical grade coatings market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Polytetrafluoroethylene (PTFE) |
| 13.1.2.Polyvinylidene fluoride (PVDF) |
| 13.1.3.Silicone |
| 13.1.4.Parylene |
| 13.1.5.Metals |
| 13.1.6.Others |
| 13.1.7.Fluorinated Ethylene Propylene (FEP) |
| 13.1.8.Perfluoroalkoxy Alkanes (PFA) |
| 13.2. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Solvent-Based |
| 13.2.2.Water-Based |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Cardiovascular |
| 13.3.2.Dentistry |
| 13.3.3.Gynaecology |
| 13.3.4.Neurology |
| 13.3.5.Orthopaedics |
| 13.3.6.Others |
| 13.3.7.Paediatrics |
| 13.3.8.Ophthalmology |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Aculon Inc |
| 14.2.2.AST Products Inc |
| 14.2.3.Biocoat Inc |
| 14.2.4.Covalon Technologies Ltd |
| 14.2.5.Harland Medical Systems Inc |
| 14.2.6.Hydromer Inc |
| 14.2.7.Medicoat Ag |
| 14.2.8.Medtronic |
| 14.2.9.Precision Coating Co. Inc |
| 14.2.10.Royal DSM |
| 14.2.11.Specialty Coatings Systems Inc |
| 14.2.12.Surmodics Inc |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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