Medical Device Coating Materials Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Medical Device Coating Materials Market by Material (Ceramics, Polymers, and Metals), By Technology (Manually Operated Inhalers, Digitally Operated Inhalers), By Coating (Hydrophobic, Hydrophilic), By Applications (Orthopedic Devices, General Surgery Devices, Cardiovascular Devices, Neurology Devices, Dentistry Devices, and Others), and Geography.

 

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Report

Description

Medical Device Coating Materials Market size was valued at US$ 5.8 Billion in 2020 and is projected to reach US$ 20.07 Billion by 2027 at a CAGR of 2.6% during the forecast period 2021 to 2027. Medical Device Coating Materials Market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on global market gives historical, current, and future market sizes (US$ Bn) of material, coating, applications and geographic regions. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply. Medical devices are the instruments or the apparatus that are intended for the use, alone or in combination for human beings for medical purpose. Advancements in the designing of the medical devices resulted in the use of the coating materials over the medical devices. The medical devices, when come in contact with the external environment, might result in unusual complications such as blood clots, tissue trauma, and bacterial infection. The coating over the medical devices help in improving the surface properties. The prolonged use of the medical device might cause friction and corrosion, which could be reduced by the coating over the medical device.

Medical Device Coating Materials Market

MARKET SUMMARY
-
19.4% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR–19.4%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Medical Device Coating Materials Market Analysis

  • The major market participants are adopting the strategies such as mergers and acquisitions to position themselves as strong players.
  • In April 2017, Covalon Technologies Ltd. launched its new, Centaur low particulate, lubricious coating designed to improve the safety and functionality of intravascular medical devices.
  • Hydromer and N8 Medical partnered in April 2020 to supply coatings for the CeraShield endotracheal tubes. In the treatment of COVID-19 patients, these tubes are critical. This development demonstrates the company’s strong involvement in the coatings business.
Market Leaders
  • Covalon Technologies Ltd. (Canada)
  • Precision Coatings Inc. (U.S.)
  • Royal DSM (Netherlands)
  • Hydromer Inc. (U.S.)
  • Surmodics Inc. (U.S.)
  • AST Products Inc. (U.S.)
Medical Device Coating Materials Market

Drivers and Restraints

The improving healthcare infrastructure is likely to enhance the growth of the medical device coating materials market. The emergence of the minimal invasive surgeries are driving the growth of the market owing to its improved safety and speedy recovery. The lesser chances of infection due to the coating materials used over the medical devices and increasing durability of the coated device compared with that of the uncoated device is expected to fuel the growth of the market. However, the high cost of the device is likely to hamper the growth of the market. The stringent government regulations is hindering the growth of the market.


Medical Device Coating Materials Market

North America dominates the market

North America medical device coating materials market is dominant owing to its technological advancements. The awareness about the modern treatment techniques is enhancing the growth of the market in the region. The adoption of the modern surgical treatments is adding fuel for the growth of the market. Following North America are the regions of Europe and Asia Pacific. Asia Pacific is expected to show significant growth over the forecast period owing to its developing healthcare sector and favorable investment policies.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Medical Device Coating Materials Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Covalon Technologies Ltd. (Canada)
  • Precision Coatings Inc. (U.S.)
  • Royal DSM (Netherlands)
  • Hydromer Inc. (U.S.)
  • Surmodics Inc. (U.S.)
  • AST Products Inc. (U.S.)

Description

Medical Device Coating Materials Market size was valued at US$ 5.8 Billion in 2020 and is projected to reach US$ 20.07 Billion by 2027 at a CAGR of 2.6% during the forecast period 2021 to 2027. Medical Device Coating Materials Market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on global market gives historical, current, and future market sizes (US$ Bn) of material, coating, applications and geographic regions. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply. Medical devices are the instruments or the apparatus that are intended for the use, alone or in combination for human beings for medical purpose. Advancements in the designing of the medical devices resulted in the use of the coating materials over the medical devices. The medical devices, when come in contact with the external environment, might result in unusual complications such as blood clots, tissue trauma, and bacterial infection. The coating over the medical devices help in improving the surface properties. The prolonged use of the medical device might cause friction and corrosion, which could be reduced by the coating over the medical device.

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