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

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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