Dublin, Aug. 25, 2023 (GLOBE NEWSWIRE) -- 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 Attributes:
| Report Attribute | Details |
| No. of Pages | 450 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $11.3 Billion |
| Forecasted Market Value (USD) by 2030 | $21.7 Billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
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/8sf5yf
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