Medical Device Coating Materials Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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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 is valued at USD 7,473.8 million in 2021 and is expected to grow at a CAGR of 7.1% during the forecast period 2022 to 2028. The global market provides a detailed overview of the global medical device coating materials market, which can be segmented by material, technology, coating, and application. By material, the global medical device coating materials market has been segmented into Ceramics, Polymers, and Metals. The polymers segment is likely to be the largest and fastest growing in terms of type. It is used in medical devices, medical equipment & tools, protective clothing, and medical implants. Based on Technology, the global medical device coating materials market is segmented into Manually Operated Inhalers and Digitally Operated Inhalers. Among these, the Digitally Operated Inhalers segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on coating, the global medical device coating materials market is segmented into Hydrophobic, Hydrophilic. The Hydrophilic coating segment accounts for the largest share in 2021. Hydrophilic coatings are abrasion-resistant, lubricious, biocompatible, and non-thrombogenic in nature. Hence, this segment will dominate the global market further in the upcoming years. Based on the application, the segment has been segregated into Orthopedic Devices, General Surgery Devices, Cardiovascular Devices, Neurology Devices, Dentistry Devices, and Others. The General Surgery Devices segment is expected to dominate other global medical device coating materials market. Increasing advancements in medical device coating such as nanocoatings, will drive the global market growth at a significant rate in the forecasted years. Although, the stringent and time-consuming regulatory approval process is very challenging in the global medical device coating market. Medical devices need to do design verification tests, and regulatory bodies do not approve coatings of medical devices separately.

Key Developments:

In Sept 2021, Precision Coating announced merger with N2 biomedical to expand medical coatings platform.

In April 2022, BioInteractions launched new medical device coating technology.

Medical Device Coating Materials Market

MARKET SUMMARY
-
7.1% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR–7.1%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Medical Device Coating Materials Market

  • The medical device coating materials market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The medical device coating materials market is segmented based on component, touchpoint , organization size, end User and geography.
Key Players
  • 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

The increasing use of minimally invasive surgical procedures is anticipated to propel the market growth over the forecast years. Moreover, the increasing demand for coating in medical devices is burgeon the market growth over the forecast years.


North America Got Significant Share

Medical Device Coating Materials Market

North America is expected to witness the highest market share during the forecast period it holds a tremendous potential market for global medical device coating materials due to the growing exports of medical devices, along with advancements in medical technology and increasing demand for home healthcare in the region.

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

Key

Features of the Report

  • The Medical device coating materials market provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The Medical device coating materials market covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The Medical device coating materials market outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The Medical device coating materials market tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The Medical device coating materials market provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Medical Device Coating Materials Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The fastest-growing segment of the global medical device coating materials market is polymer coating. Polymer coating has various applications due to it optimize durability and corrosion resistance while minimizing the coefficient of friction.

 

 

 

 

 

 

Nanotechnology is leading the global market. Nanocoating and nanocoating devices are very popular nowadays due to their unique properties. Hence, it will positively impact global market growth.

Increasing minimally invasive surgical procedures will drive global market growth. However, high upfront costs and increasing raw material prices may hamper the global market growth.

The high upfront prices are due to old or expired patents in this field, and medical coating developers are not allowed to develop new coatings based on past patents. Hence, upfront payments are required to get access old patents.


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 is valued at USD 7,473.8 million in 2021 and is expected to grow at a CAGR of 7.1% during the forecast period 2022 to 2028. The global market provides a detailed overview of the global medical device coating materials market, which can be segmented by material, technology, coating, and application. By material, the global medical device coating materials market has been segmented into Ceramics, Polymers, and Metals. The polymers segment is likely to be the largest and fastest growing in terms of type. It is used in medical devices, medical equipment & tools, protective clothing, and medical implants. Based on Technology, the global medical device coating materials market is segmented into Manually Operated Inhalers and Digitally Operated Inhalers. Among these, the Digitally Operated Inhalers segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on coating, the global medical device coating materials market is segmented into Hydrophobic, Hydrophilic. The Hydrophilic coating segment accounts for the largest share in 2021. Hydrophilic coatings are abrasion-resistant, lubricious, biocompatible, and non-thrombogenic in nature. Hence, this segment will dominate the global market further in the upcoming years. Based on the application, the segment has been segregated into Orthopedic Devices, General Surgery Devices, Cardiovascular Devices, Neurology Devices, Dentistry Devices, and Others. The General Surgery Devices segment is expected to dominate other global medical device coating materials market. Increasing advancements in medical device coating such as nanocoatings, will drive the global market growth at a significant rate in the forecasted years. Although, the stringent and time-consuming regulatory approval process is very challenging in the global medical device coating market. Medical devices need to do design verification tests, and regulatory bodies do not approve coatings of medical devices separately.

Key Developments:

In Sept 2021, Precision Coating announced merger with N2 biomedical to expand medical coatings platform.

In April 2022, BioInteractions launched new medical device coating technology.

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