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Coatings for Medical Devices - Global Strategic Business Report

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    Report

  • 450 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2832319
The global market for Coatings for Medical Devices is estimated at US$12.2 Billion in 2023 and is projected to reach US$21.7 Billion by 2030, growing at a CAGR of 8.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the coatings for medical devices market is driven by several factors, including the increasing demand for minimally invasive surgical procedures, the rising prevalence of chronic diseases, and advancements in coating technologies. Minimally invasive procedures often rely on coated devices to enhance performance and patient safety, driving the need for innovative coating solutions. Additionally, the growing incidence of chronic conditions such as cardiovascular diseases and diabetes necessitates the use of coated implants and devices to improve patient outcomes. Technological advancements, such as the development of nanocoatings and bioactive coatings, are expanding the capabilities of medical devices, making them more effective and tailored to specific medical needs. Regulatory support and increased healthcare spending are also contributing to market growth by encouraging the adoption of advanced medical technologies. As these trends continue, the market for coatings for medical devices is expected to experience significant expansion, driven by the ongoing advancements in medical technology and the increasing demand for high-performance, safe, and effective medical devices.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Anti-Microbial Coatings segment, which is expected to reach US$7.7 Billion by 2030 with a CAGR of a 9.0%. The Drug-Eluting Coatings segment is also set to grow at 7.5% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $4.8 Billion in 2023, and China, forecasted to grow at an impressive 10.4% CAGR to reach $2.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Coatings for Medical Devices Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Coatings for Medical Devices Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Coatings for Medical Devices Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Boston Scientific Corporation, AdvanSource Biomaterials Corporation, AST Products, Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 85 Featured):

  • Boston Scientific Corporation
  • AdvanSource Biomaterials Corporation
  • AST Products, Inc.
  • Biocoat, Inc.
  • BryCoat, Inc.
  • Cam Bioceramics BV
  • Boston Scott Corporation
  • Accentus Medical Ltd.
  • Allvivo Vascular, Inc.
  • Applied Plastics Co., Inc.
  • Bactiguard
  • Becton Dickinson
  • Carestream Contract Manufacturing
  • Biointeractions Ltd.
  • Biomerics, LLC

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Coatings for Medical Devices - Global Key Competitors Percentage Market Share in 2024 (E)
  • Coatings for Medical Devices Competitor Market Share Scenario Worldwide (in %): 2022E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (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$) in Select Countries (2022)
  • Rapid Urbanization Drives Demand Prospects for Medical Device Coatings Market
  • World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
  • Increasing Middle Class Population Worldwide Spurs Market Growth
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Key Restraints & Challenges
  • High Upfront Cost & Escalating Prices of Raw Materials
  • Tortuous, Time-Intensive Regulatory Approval
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Anti-Microbial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Anti-Microbial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Anti-Microbial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Drug-Eluting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Drug-Eluting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Drug-Eluting by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Hydrophilic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Hydrophilic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Hydrophilic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Cardiovascular by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Cardiovascular by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Cardiovascular by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for General Surgery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for General Surgery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for General Surgery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Orthopedic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Orthopedic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Orthopedic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Neurology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Neurology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Neurology by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Dentistry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for Dentistry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 27: World 16-Year Perspective for Dentistry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Gynecology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 29: World Historic Review for Gynecology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 30: World 16-Year Perspective for Gynecology by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 32: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 33: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 34: World Coatings for Medical Devices Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 35: World Recent Past, Current & Future Analysis for Coatings for Medical Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 36: World Historic Review for Coatings for Medical Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 37: World 16-Year Perspective for Coatings for Medical Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Market Facts & Figures
  • US Coatings for Medical Devices Market Share (in %) by Company: 2022 & 2030
  • Anti-Microbial (Type) Market Share Analysis (in %) of Leading Players in the US for 2022 & 2030
  • Drug-Eluting (Type) Competitor Revenue Share (in %) in the US: 2022 & 2030
  • Hydrophilic (Type) Market Share Breakdown (in %) of Major Players in the US: 2022 & 2030
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Analytics
CANADA
JAPAN
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Market Facts & Figures
  • European Coatings for Medical Devices Market: Competitor Market Share Scenario (in %) for 2022 & 2030
  • Anti-Microbial (Type) Market Share (in %) by Company in Europe: 2022 & 2030
  • Drug-Eluting (Type) Market Share (in %) of Major Players in Europe: 2022 & 2030
  • Hydrophilic (Type) Competitor Market Share Analysis (in %) in Europe: 2022 & 2030
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Analytics
FRANCE
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Coatings for Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned

  • Boston Scientific Corporation
  • AdvanSource Biomaterials Corporation
  • AST Products, Inc.
  • Biocoat, Inc.
  • BryCoat, Inc.
  • Cam Bioceramics BV
  • Boston Scott Corporation
  • Accentus Medical Ltd.
  • Allvivo Vascular, Inc.
  • Applied Plastics Co., Inc.
  • Bactiguard
  • Becton Dickinson
  • Carestream Contract Manufacturing
  • Biointeractions Ltd.
  • Biomerics, LLC

Table Information