Authored By: Sarah
18 Aug 2021

Coatings Market For Medical Devices Industry: Top Geographies and Market Highlights

Geographical Segmentation and Growth Analysis

The coatings market for medical devices industry is set to grow by $ 47.83 bn, accelerating at a CAGR of almost 7.50% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.


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Coatings Market For Medical Devices Industry: North America to lead market growth during the forecast period

  • North America emerged as the leading geographical segment in recent years and is expected to contribute 37% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the coatings market for medical devices industry size.
  • One of the key drivers that is likely to drive market growth is the growing demand for cardiovascular and orthopedic implants. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market.  These insights will equip clients with all the information they need to plan COVID-19 recovery and growth strategies.
  • The report segments the market by Type (Antimicrobial coating, Drug-eluting coating, Hydrophilic coating, and Others), Application (General surgery, Cardiovascular, Orthopedics, Dentistry, and Others), and Geography (North America, Europe, APAC, MEA, and South America). A detailed analysis of each segment and its contribution to the market share is provided along with factors that are likely to boost the market growth.

Coatings Market for Medical Devices Industry to Post Incremental Growth of $ 47.83 bn During 2021-2025 | Key Geographies that will Drive Growth

Coatings Market For Medical Devices Industry: Key Competitors

Biocoat Inc., Endura Coatings, Freudenberg FST GmbH, Harland Medical Systems Inc., Hydromer Inc., Katahdin Industries, Koninklijke DSM NV, Materion Corp., Merit Medical Systems Inc., and Surmodics Inc.are some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 7.50%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 47.83 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Growing demand for cardiovascular and orthopedic implants will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    37% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are Biocoat Inc., Endura Coatings, Freudenberg FST GmbH, Harland Medical Systems Inc., Hydromer Inc., Katahdin Industries, Koninklijke DSM NV, Materion Corp., Merit Medical Systems Inc., and Surmodics Inc.
     
  7. What are the market segments covered in this report?
    The market is segmented by Type (Antimicrobial coating, Drug-eluting coating, Hydrophilic coating, and Others), Application (General surgery, Cardiovascular, Orthopedics, Dentistry, and Others), and Geography (North America, Europe, APAC, MEA, and South America).

Market Segmentation by Type

    • Coatings Market For Medical Devices Industry Split by Type
      • Antimicrobial coating
      • Drug-eluting coating
      • Hydrophilic coating
      • Others
    • Coatings Market For Medical Devices Industry Split by Application
      • General surgery
      • Cardiovascular
      • Orthopedics
      • Dentistry
      • Others
    • Coatings Market For Medical Devices Industry Split by Geography
      • North America
      • Europe
      • APAC
      • MEA
      • South America

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Biocoat Inc.
  • Endura Coatings
  • Freudenberg FST GmbH
  • Harland Medical Systems Inc.
  • Hydromer Inc.
  • Katahdin Industries
  • Koninklijke DSM NV
  • Materion Corp.
  • Merit Medical Systems Inc.
  • Surmodics Inc.

 

Technavio has been monitoring the Global Coatings Market for Medical Devices Industry and it is expected to grow by USD 4.98 billion progressing at a CAGR of almost 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Coatings Market for Medical Devices Industry to Post Incremental Growth of $ 47.83 bn During 2021-2025 | Key Geographies that will Drive Growth

Coatings Market for Medical Devices Industry: North America to Drive the Dominate the Market Growth

North America will offer several growth opportunities to market vendors during the forecast period. 37% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for coatings market for medical devices industry in North America. Factors such as growing demand for cardiovascular and orthopedic implants will offer immense growth opportunities. The demand for medical implants is increasing across the globe due to the rise in the number of patients suffering from cardiovascular, orthopedic, spinal cord, and dental diseases. This is due to the increase in the aging population and rising obesity-related problems, This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the coatings market for medical devices industry size.

Increase in hospital-associated infections (HAIs) is a major factor that is driving the global coatings market for the medical devices industry. Coatings on medical devices are of paramount importance in preventing HAIs owing to their inherent antimicrobial properties. Coatings are applied to medical devices before implantation to enhance the safety of patients during procedures.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. 

Coatings Market For Medical Devices Industry: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Biocoat Inc., Endura Coatings, Freudenberg Medical LLC, Harland Medical Systems Inc., Hydromer Inc., Koninklijke DSM NV, Materion Corp., Merit Medical Systems Inc., Precision Coating Co. Inc., and Surmodics Inc.are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Coatings Market For Medical Devices Industry: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive Coatings Market for Medical Devices Industry growth during the next five years
  • Precise estimation of the Coatings Market for Medical Devices Industry size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the coatings for medical devices industry industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Coatings Market for Medical Devices Industry vendors

 

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