Medical Coating Market
Medical Coating Market Size, Share & Trends Analysis Report by Coating Type (Active and Passive), by Material Type (Polymers, Metals, Silicone, and Others), by Application (Medical Devices, Medical Implants, Medical Equipment & Tools, and Protective Clothing) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Medical coating market is anticipated to grow at a considerable CAGR of 20.5% during the forecast period. Factors driving the growth of the global medical coating industry include the rising geriatric population globally coupled with the rise in chronic diseases, improvement of healthcare infrastructure, and rising per capita healthcare expenditure, especially in the emerging economies. Covalon Technologies Ltd. has launched its new, Centaur low particulate, lubricious coating designed to improve the safety and functionality of intravascular medical devices such as catheters, guidewires, and delivery sheaths where the presence of unwanted particulate can cause significant patient complications. Such market developments are further anticipated to drive the growth of the global medical coating market.
Furthermore, the COVID-19 pandemic made a positive impact on the growth of the global medical coating market. Key players have made several developments during the COVID-19 pandemic. For instance, in April 2020, Hydromer partnered with N8 Medical for the supply of coatings to manufacture CeraShield endotracheal tubes. These tubes play a crucial role in the treatment of COVID-19 patients. This development exhibits the active involvement of the company in the coatings market.
Segmental Outlook
The global medical coating market is segmented by coating type, material type, and application. The market segmentation based on the coating type includes active and passive. Based on material type, the market is segmented into polymers, metals, silicone, and others. Based on application, the market is segmented into medical devices, medical implants, medical equipment & tools, and protective clothing.
The medical devices segment is anticipated to hold a considerable share of the global medical coatings markets. Increased use of medical devices in emerging economies, such as China and India, for the treatment of chronic diseases, is a key factor driving the growth of this market segment. The pandemic has further increased the demand for medical devices, such as catheters, guidewires, endotracheal tubes, positive pressure breathing devices, in-vitro diagnostic devices, cannulas, ventilators, ventilator accessories, and infusion pumps, respirators, and other devices; which is further aiding to the market growth.
Regional Outlooks
The global medical coating market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America held a considerable share in the global medical coating market. Due to the rising geriatric population and the focused interest of the government in providing quality healthcare services, the US remained the largest medical device manufacturer across the globe. The large manufacturing base of medical devices has created a demand for medical device coating which in turn drives the regional market.
Global Medical Coating Market Growth, by Region 2022-2028
Asia-Pacific to Exhibit Significant Growth in Medical coating Market
The Asia-Pacific region is anticipated to exhibit significant growth in the market during the forecast period. The growing demand for better healthcare facilities, coupled with the rising number of hospitals is a key factor driving the growth of the regional market. High obesity rates, along with the growing geriatric population, are expected to drive the occurrence of cardiac diseases, which, in turn, will stimulate demand for medical equipment; hence driving demand for the medical coating market. China, India, and Indonesia are among the fastest growing economies which will contribute significantly to the market growth during the forecast period. Rising per capita healthcare expenditure and government policies such as ‘Ayushman Bharat’ in India are expected to provide significant growth to the cardiovascular, dental, and orthopedic implant industry in these economies which in turn drives the growth of the medical coating market across the region.
Market Players Outlook
The major companies serving the global medical coating market include DSM, AST Products Inc., Hydromer Inc., Biocoat Inc., and Precision Coating Company, Inc. among others. The companies are focusing on technology advancements, expansions, mergers & acquisitions, and finding a new market or innovation in their core competency to expand individual market share. For instance, in June 2021, Amcor launched ACT2100 heat seal coating for medical grade DuPont Inc., paper packaging. The product offers enhanced performance attributes for healthcare applications.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global medical coating market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Medical Coating Market by Coating Type
4.1.1. Active
4.1.2. Passive
4.2. Global Medical Coating Market by Material Type
4.2.1. Polymers
4.2.2. Metals
4.2.3. Silicone
4.2.4. Others
4.3. Global Medical Coating Market by Application
4.3.1. Medical Devices
4.3.2. Medical Implants
4.3.3. Medical Equipment & Tools
4.3.4. Protective Clothing
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AST Products, Inc.
6.2. Bayer AG
6.3. Biocoat Inc.
6.4. Covalon Technologies Ltd
6.5. Royal DSM
6.6. Freudenberg Medical
6.7. Harland Medical Systems
6.8. Hydromer
6.9. Medicoat AG
6.10. Merit Medical Systems, Inc.
6.11. Precision Coating Company Inc.
6.12. Surmodics Inc.
1. GLOBAL MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY COATING TYPE, 2021-2028 ($ MILLION)
2. GLOBAL ACTIVE MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PASSIVE MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
5. GLOBAL MEDICAL COATING OF POLYMERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL MEDICAL COATING OF METALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
8. GLOBAL MEDICAL COATING FOR MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL MEDICAL COATING FOR MEDICAL IMPLANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL MEDICAL COATING FOR MEDICAL EQUIPMENT & TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL MEDICAL COATING FOR PROTECTIVE CLOTHING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY COATING TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. EUROPEAN MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY COATING TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
20. EUROPEAN MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY COATING TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. REST OF THE WORLD MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY COATING TYPE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD MEDICAL COATING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL MEDICAL COATING MARKET SHARE BY COATING TYPE, 2021 VS 2028 (%)
2. GLOBAL ACTIVE MEDICAL COATING MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL PASSIVE MEDICAL COATING MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL MEDICAL COATING MARKET SHARE BY MATERIAL TYPE, 2021 VS 2028 (%)
5. GLOBAL MEDICAL COATING OF POLYMERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL MEDICAL COATING OF METALS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL MEDICAL COATING MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
8. GLOBAL MEDICAL COATING FOR MEDICAL DEVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL MEDICAL COATING FOR MEDICAL IMPLANTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL MEDICAL COATING FOR MEDICAL EQUIPMENT & TOOLS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL MEDICAL COATING FOR PROTECTIVE CLOTHING MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL MEDICAL COATING MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. US MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
15. UK MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD MEDICAL COATING MARKET SIZE, 2021-2028 ($ MILLION)
