NEW YORK, Oct. 27, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Medical Device Coating Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Material Type, Devices, Coatings, Application, and Geography," the global medical device coating market size is valued at USD 7.64 billion in 2021 and is expected to reach USD 12.81 billion by 2028; it is estimated to grow at a CAGR of 7.7% from 2022 to 2028. The rising demand for coated medical devices in surgical and diagnostics procedures and the high prevalence of healthcare-associated infections (HAI) fuel the overall market growth.
Download Sample PDF Brochure of Medical Device Coating Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00009272/
Global Medical Device Coating Market Report Scope, Segmentations, Regional & Country Scope:
Report Coverage |
Details |
Market Size Value in |
USD 7.64 Billion in 2021 |
Market Size Value by |
US$ 12.81 Billion by 2028 |
Growth rate |
CAGR of 7.7% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2021 |
No. of Pages |
275 |
No. of Tables |
198 |
No. of Charts & Figures |
105 |
Historical data available |
Yes |
Segments covered |
Material Type, Coating, and Application |
Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
Country scope |
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Companies Covered |
Koninklijke DSM NV, Hydromer Inc, Surmodics Inc, Biocoat Inc, AST Products Inc, Covalon Technologies Ltd, Harland Medical Systems Inc, Precision Coating Company Inc, Kisco Ltd, Formacoat LLC |
Key Research Capabilities |
Global Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product Development |
Global Medical Device Coating Market Forecast to 2028 - Latest COVID-19 Analysis |
https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00009272/ |
Browse key market insights spread across 275 pages with 198 list of tables & 105 list of figures from the report, "Medical Device Coating Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material Type (Polymer, Metal, and Others), Devices (Medical Equipment and Tools, Medical Devices, Medical Implant, and Others), Coating (Hydrophilic Coating, Anti-Microbial Coating, Drug-Eluting Coating, Anti-Thrombogenic Coating, and Others), and Application (Infection Diseases, General Surgery, Orthopedic, Neurology, and Others)" in detail along with the table of contents: https://www.theinsightpartners.com/reports/medical-device-coatings-market
Global Medical Device Coating Market Analysis: Competitive Landscape and Key Developments
Koninklijke DSM NV, Hydromer Inc, Surmodics Inc, Biocoat Inc, AST Products Inc, Covalon Technologies Ltd, Harland Medical Systems Inc, Precision Coating Company Inc, Kisco Ltd, and Formacoat LLC are among the key companies operating in the medical device coating market. The market leaders focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to tap into prevailing business opportunities.
In April 2022, Harland Medical Systems, Inc. announced the release of the CTS1100 Coating Thickness Testing System at MD&M West. CTS1100 allows medical device manufacturers to accurately and easily measure coating thickness on their devices.
In March 2022, DSM Biomedical and Svelte Medical Systems, a privately-held company engaged in the development of highly deliverable balloon expandable stents, revolutionized the standard for coronary stenting procedures to treat coronary artery disease (CAD). The collaboration fuels the development of DISCREET Bioresorbable Coating Technology used with SLENDER IDS and DIRECT RX Bioresorbable Coated Drug-Eluting Stent (DES) Systems.
In April 2022, Biocoat, Inc., announced its expansion into the design, development, and delivery of hydrophilic dip coating equipment. Biocoat's new equipment line is called EMERSE and offers companies who require an in-house dip coating system to coat their medical devices and complete the production process. The addition of coating equipment now positions Biocoat as one of the only companies that can offer a complete, full-service solution for medical devices that require a hydrophilic coating.
Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00009272/
In September 2021, Precision Coating, a leading medical coatings service provider to interventional, orthopedic, and advanced surgical markets announced a merger with N2 Biomedical, a Bedford, MA-based company. N2 Biomedical, an Ampersand Capital Partners portfolio company, provides nano-engineered surface treatment and coating services to the medical device industry with its low-temperature ion implantation surface treatments and Ion Beam Assisted Deposition (IBAD) technologies.
In February 2020, Biocoat, Inc. announced the launch of HYDAK UV. The new version of its original HYDAK coating is designed to be cured using ultraviolet (UV) light, allowing for flexible integration with industry standard UV coating systems. The innovative coating is built on the proven bi-laminar platform used in Biocoat's existing thermal heat cure coating technology.
North America dominated the medical device coating market in 2021. The US remains the largest medical device market globally, owing to the presence of more than 6,500 medical device companies comprising small and medium-sized enterprises (SMEs). In the US, California, Florida, New York, Pennsylvania, Michigan, Massachusetts, Illinois, Minnesota, and Georgia have the highest number of medical device companies. Additionally, the US medical device companies are highly recognized across the world due to their innovative and high-technology products. Thus, the US medical device coating market is anticipated to grow in the coming years owing to the rising adoption of medical devices and substantial spending on these devices.
Rising Demand for Coated Medical Devices in Surgical and Diagnostics Procedures to Influence Market Growth during Forecast Period:
Disposable medical devices, such as cannulas, blades, anvils, triggers, diagnostic probes, and guide wires, need coatings for anti-infectious procedures and maneuverability improvement. The diagnosis and treatment of abdominal pain, kidney stones, varicose veins, and intestinal infections are increasing, demanding coated medical devices. As per the American Cancer Society, the number of carcinogenic cases is going to hit 27.5 million by 2040 leaping from the previous figure of 17.0 million in 2018. Such rising cases of diseases demanding medical devices for surgical procedures are propelling the growth of the medical device coating market.
Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00009272
Global Medical Device Coating Market: Segmental Overview
Based on the material type, the medical device coating market is segmented into polymer, metal, and others. In 2021, the metal segment accounted for the largest share of the market. However, the polymer segment is anticipated to register the highest CAGR during the forecast period due to the biocompatible nature of polymers with wide applications providing numerous possibilities in the manufacturing of various medical device coatings. Based on devices, the medical device coating market is segmented into medical equipment and tools, medical devices, medical implant, and others. In 2021, the medical device segment held the largest share of the market. The medical equipment and tools segment is expected to register the highest CAGR from 2022 to 2028. Based on coatings, the medical device coating market is segmented into hydrophilic coating, anti-microbial coating, drug-eluting coating, anti-thrombogenic coating, and others. In 2021, the hydrophilic coating segment held the largest share of the market. The same segment is also expected to register the highest CAGR from 2022 to 2028, owing to the wide applications in treatment sites for procedures such as balloon catheter angioplasty, neurological intervention, lesion crossing, and site-delivery drug therapy by reducing thrombogenicity. Based on application, the medical device coating market is segmented into infection, diseases, general surgery, orthopedic, neurology, and others. In 2021, the other segment held the largest share of the market. Also, the same segment is expected to register the highest CAGR from 2022 to 2028.
Global Medical Device Coating Market: Impact of COVID-19 Pandemic
COVID-19 pandemic brought various changes in the medical device industry. This involves a shift toward entirely new medical device manufacturing systems and forcing companies to adopt new technology. During the COVID-19 period there have been increase in demand for medical devices, new materials intended to deliver safe procedures/surgeries. Additionally, medical devices coated with biomaterials reveal promising results in invasive surgical catheters driving the need for anti-viral coatings. The main aim is to offer durability alongside cost-effective solutions for healthcare and practitioners. Owing to such growth trends within the medical device coating industry, the market witnessed high procurement amid the pandemic, and now it is rapidly growing.
Quickly Purchase Premium Copy of Medical Device Coating Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00009272/
Go through further research published by The Insight Partners:
Left Ventricular Assist Device Market - The global left ventricular assist device market size was expected to reach US$ 1,272.08 million in 2021 & it is expected to grow at a CAGR of 5.1% from 2022 to 2028.
Coconut Candy Market - The global coconut candy market size is expected to grow from US$ 1,364.87 million in 2022 and it is expected to grow at a CAGR of 5.5% from 2022 to 2028.
Railway Cybersecurity Market - The global railway cybersecurity market size is projected to grow from US$ 7,469.51 million in 2022 & it is estimated to grow at a CAGR of 10.7% from 2022 to 2028.
Travel and Expense Management Software Market - The global travel and expense management software market size is projected to grow from US$ 3,320.02 million in 2022 & it is estimated to grow at a CAGR of 8.0% from 2022 to 2028.
Influenza Vaccines Market - The global influenza vaccines market size was valued at US$ 7,478.53 million in 2021 and it is expected to grow with a CAGR of 7.4% from 2022 to 2028.
Overactive Bladder Treatment Market - The global overactive bladder treatment market size is expected to grow from US$ 4,295.93 million in 2021 & It is estimated to grow at a CAGR of 3.1% from 2022 to 2028.
Lipidomics Equipment Market – The global lipidomics equipment market size was valued at US$ 1,025.38 million in 2021 and it is expected to grow at a CAGR of 14.7% from 2022 to 2028.
Spiral Membrane Market – The global spiral membrane market size is expected to grow from US$ 7.6 billion in 2022 to US$ 14.2 billion in 2028 with an estimated CAGR of 10.9% from 2022 to 2028.
Thermal Interface Materials Market - The global thermal interface materials market size is expected to grow from US$ 2.9 billion in 2021 to US$ 6.5 billion by 2028 at a CAGR of 11.3% between 2022 and 2028.
High Purity Alumina Market - The global high purity alumina market size is expected to grow from US$ 2.1 billion in 2021 to US$ 5.5 billion by 2028 at a CAGR of 15.1% between 2022 and 2028.
Battery Separators Market - The global battery separators market size is expected to grow from US$ 5.6 billion in 2022 to US$ 9.5 billion by 2028; it is estimated to grow at a CAGR of 9.0% between 2022 and 2028.
Automotive Foam Market – The global automotive foam market size is expected to grow from US$ 56.6 billion in 2021 to US$ 109.5 billion by 2028 at a CAGR of 9.3% between 2022 and 2028.
Wind Energy Market - The global wind energy market size is expected to grow from US$ US$ 156.8 billion in 2021 and it is anticipated to grow at a CAGR of 5.0% from 2022 to 2028.
Maritime Information Market - The global maritime information market size was valued at US$ 1,882.01 million in 2021 and it is expected to grow at a CAGR of 6.2% from 2022 to 2028.
Print Management Software Market - The global print management software market size is projected to grow from US$ 2,000.99 million in 2022, it is estimated to grow at a CAGR of 15.2% from 2022 to 2028.
Diabetes Therapeutics Market - The global diabetes therapeutic market size is expected to grow from USD 58.46 billion in 2021 to USD 91.73 billion by 2028, with an estimated CAGR of 6.8% from 2022 to 2028.
LED Lighting Market - The global LED lighting market size is expected to grow from US$ 57.5 billion in 2021 and it is expected to grow at a CAGR of 10.7% from 2022 to 2028.
Molded Interconnect Devices Market - The global molded interconnect device (MID) market size is expected to grow from US$ 1,203.5 million in 2021 to US$ 2,711.9 million by 2028 at a CAGR of 14.5% from 2022 to 2028.
Digital Education Market - The global digital education market size is expected to grow from US$ 11.62 billion in 2021 to US$ 54.95 billion by 2028 at a CAGR of 26.1% between 2022 and 2028.
Biometric System Market - The global biometric system market size is expected to grow from US$ 43 billion in 2021 to US$ 85 billion by 2028 at a CAGR of 14.5% between 2022 and 2028.
Wifi-as-a-Service Market - The global wi-fi as a service market size is projected to grow from US$ 3.66 billion in 2021 to US$ 13.34 billion by 2028; it is expected to grow at a CAGR of 19.5% during 2022–2028.
Sound Recognition Market - The global sound recognition market size is projected to grow from US$ 3.84 billion in 2021 to US$ 9.70 billion by 2028; it is expected to grow at a CAGR of 14.5% from 2022 to 2028.
Network Transformation Market - The global network transformation market size is expected to grow from US$ 19.27 billion in 2021 to US$ 175.34 billion by 2028 at a CAGR of 40.6% between 2022 and 2028.
Molded Interconnect Devices (MID) Market - The global molded interconnect device (MID) market size is expected to grow from US$ 1,203.5 million in 2021 to US$ 2,711.9 million by 2028 at a CAGR of 14.5% from 2022 to 2028.
Data Collection and Labeling Market - The global data collection and labeling market size is expected to grow from US$ 1.82 billion in 2021 to US$ 9.07 billion by 2028 at a CAGR of 27.2% between 2022 and 2028.
Customer Data Platform Market - The global customer data platform market size is expected to grow from US$ 2,672.5 Mn in 2021 to US$ 14,847.1 Mn by 2028 at a CAGR of 28.2% between 2022 and 2028.
Vehicle Tracking Systems Market - The global vehicle tracking systems market size is expected to grow from US$ 13.67 billion in 2021 to US$ 23.70 billion by 2028; it is expected to grow at a CAGR of 8.7% from 2022 to 2028.
Autonomous Last Mile Delivery Market - The global autonomous last mile delivery market size is expected to grow from US$ 57.67 billion in 2021 to US$ 68.95 billion by 2028; it is expected to register a CAGR of 3.0% from 2022 to 2028.
ISDN Modem Market - The global ISDN modem market size was valued US$ 982.97 thousand in 2022, it is estimated to register a CAGR of -80.6% from 2022 to 2024.
Semiconductor Bonding Market - The global semiconductor bonding market size was valued US$ 669.48 million in 2022, it is estimated to grow at a CAGR of 8.2% from 2022 to 2028.
Recycled Ocean Plastics Market - The global recycled ocean plastics market size was valued at US$ 14,432.91 million in 2022, it is expected to grow at a CAGR of 8.5% from 2022 to 2028.
EDM Wire Market - The global EDM wire market size is expected to grow from US$ 1,497.50 million in 2022, it is estimated to grow at a CAGR of 7.6% from 2022 to 2028.
Seam Welding Machine Market - The global seam welding machine market size was valued US$ 1,142.87 million in 2022, it is estimated to grow at a CAGR of 4.0% from 2022 to 2028.
Electric Coolant Pump Market - The global electric coolant pump market size was valued US$ 467.46 million in 2022, it is estimated to grow at a CAGR of 16.8% from 2022 to 2028.
Smart Manufacturing Market - The global smart manufacturing market size was valued US$ 258.72 billion in 2022, it is estimated to grow at a CAGR of 6.0% from 2022 to 2028.
Respiratory Care Devices Market - The global respiratory care devices market size is expected to grow from US$ 18,114.31 million in 2021 to US$ 32,761.82 million by 2028; it is estimated to register a CAGR of 8.9% from 2021 to 2028.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/medical-device-coating-market
Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg
SOURCE The Insight Partners
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO17211&Transmission_Id=202210270900PR_NEWS_USPR_____IO17211&DateId=20221027)
Share this article