The global medical device coating market is projected to reach $11.2 billion by 2028, at a CAGR of 9.4% during 2023-2028. The growth of medical device coating market is driven by growing demand for early disease detection and minimally invasive procedures, increasing prevalence of hospital acquired infections, and rising need to shield various medical devices from pathogens and microbes and to enhance their performance and manoeuvrability.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the medical device coating market
by product (hydrophilic coatings, antimicrobial coatings, drug-eluting
coatings, anti-thrombogenic coatings, and others), application (neurology,
orthopedics, general surgery, cardiovascular, dentistry, gynecology, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the medical device coating market?
Q.4 What are some
changing demands of customers in the medical device coating market?
Q.5 What are the new
developments in the medical device coating market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this medical device coating area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this medical device coating
market?
Market Segmentation:
Based on product, the
medical device coating market is segmented into hydrophilic coatings,
antimicrobial coatings, drug-eluting coatings, anti-thrombogenic coatings, and
others. The antimicrobial segment accounted for the largest share of the market
in 2023 and is expected to register the highest CAGR during the forecast
period, due to the increasing use of these coatings on multiple gadgets owing
to their affordable and compatible nature, rising demand for implantable
device, and growing chances of healthcare infections.
North America will
remain the largest region due to the cumulating number of cases related to
cardiometabolic disorders, such as deep vein thrombosis and pulmonary embolism,
expanding number of healthcare infrastructure, and huge demand for advanced
surgical treatments in the region.
Key Players in the
medical device coating market are SurModics, Sono-Tek, DSM, Hydromer, and
Covalon Technologies.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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