Coatings for Medical Devices Market Set to Double: Projected to Reach $21.7 Billion by 2030 with an 8.5% CAGR

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Aug 23, 2023, 11:00 ET

DUBLIN, Aug. 23, 2023 /PRNewswire/ -- The "Coatings for Medical Devices: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Coatings for Medical Devices estimated at US$11.3 Billion in the year 2022, is projected to reach a revised size of US$21.7 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2022-2030.

Anti-Microbial, one of the segments analyzed in the report, is projected to record a 9% CAGR and reach US$7.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Drug-Eluting segment is readjusted to a revised 7.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 10.5% CAGR

The Coatings for Medical Devices market in the U.S. is estimated at US$4.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2030 trailing a CAGR of 10.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.8% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2030.

Select Competitors (Total 85 Featured) -

AdvanSource Biomaterials Corp.
Allvivo Vascular, Inc.
Armoloy of Connecticut, Inc.
AST Products, Inc.
Biocoat, Inc.
Carmeda AB
Covalon Technologies Ltd.
Hydromer, Inc.
N2 Biomedical
N8 Medical, Inc.
Olympus Corporation
Precision Coating Co., Inc.
Royal DSM
Specialty Coating Systems, Inc.
SurModics, Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession
The Never-Ending "Race" Between the Virus & Vaccines Continues. Amidst this Chaotic Battle, Where is the World Economy Heading Now & Beyond?
Omicron Variant Brings Back Memories & Fears of the Worst Part of the 2020 Pandemic
Time is of Essence! What We Know So Far - "Vaccine Efficiency Against New Strains"
With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking. But How Practical Is It to Implement Them?
With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness: Number of Booster Doses Administered Per 100 People by Country as of December 2021
With IMF Making an Upward Revision of Global GDP for 2022, Companies Are Bullish About a Continuing Economic Comeback Despite a Prolonging Pandemic
A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Medical Devices COVID-19 Impact, Market Reset & the New Normal
COVID-19 Falters Expansion of Global Medical Device Coating Market
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Coatings for Medical Devices - A Prelude
Classification of Medical Devices
Coatings Reduce Wear and Friction of Medical Devices
Global Medical Device Coating Market Displays Exciting Shades of Prosperity
Antimicrobial Coatings Hold Major Slice of Medical Device Coating Market
Hydrophilic Coatings to Exhibit Faster Growth
Cardiovascular Device Coatings Remain Primary Application Segment
The US and Europe Rule, while Asia-Pacific Emerges as Fastest-Growing Market
US - The Largest Region
Competitive Landscape
WORLD BRANDS
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Rising Incidence of Hospital Acquired Infections Boost Demand for Antimicrobial Coatings for Medical Devices
Increasing Incidence of Infectious Diseases Fuels Adoption of Antimicrobial Coatings
Growing Aging Population Increases the Demand for Medical Device Coatings
Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
Life Expectancy at Birth for Select Countries in Number of Years
Increasing Prevalence of Chronic & Lifestyle Diseases to Propel Market Growth
Hypertension Prevalence (%) Worldwide by Region in Male and Females Aged 25+ Years
Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
Coatings for Cardiovascular Devices Driven by Rising Incidence of Cardiovascular Diseases
Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
Rising Focus on Minimally-Invasive Surgeries to Buoy Demand
Coatings on Drug-Eluting Stents (DES) to Witness Significant Growth
Growing Usage of Hydrophilic Surface Coatings Spurs Demand
Hydromer Hydrophilic Coatings - Healthcare and Medical Applications
Uptake of Sophisticated Medical Devices to Present New Opportunities
Research into Novel Coatings Gains Ground
Nanocoatings Poised to Make Rapid Gains
Antimicrobial Nanocoatings Emerge as an Alternative for Traditional Antimicrobial Coatings
Technological Advancements in Medical Coatings Market
New Substrates and Devices for the Medical Device Industry
Addressing Challenges with Coating Devices/Parts Manufactured using AM Methods
Different Techniques for Composite Metal Coatings of Medical Implants
Medical Device Industry Turns to Plasma-Applied Coatings
Advancements in Coatings and Cleaning to Drive Medical Device Innovation
Innovative Coating can Increase the Safety of Medical Devices
Innovation of Revolutionary Coating Technologies for Medical Devices for Preventing Pandemics in Future
Improving Healthcare Expenditure Bodes Well for Market Growth
World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
Per Capita Healthcare Spending (in US$) in Select Countries (2019)
Rapid Urbanization Drives Demand Prospects for Medical Device Coatings Market
World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
Increasing Middle Class Population Worldwide Spurs Market Growth
Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
Key Restraints & Challenges
High Upfront Cost & Escalating Prices of Raw Materials
Tortuous, Time-Intensive Regulatory Approval

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/pr0zi3

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