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Medical Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Medical Coatings Market is segmented by Chemistry (Silicon, Fluoropolymer, Parylene, and Others), Type (Anti-microbial Coating, Hydrophilic Coating, Drug-eluting Coating, Anti-thrombogenic Coating, and Other Coating Types), Application (Medical Device, Medical Implants, Medical Equipment and Tools, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

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Medical Coatings Market Snapshot

Medical Coatings Market
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: North America
Largest Market: North America
CAGR: >7 %

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Market Overview

The market for medical coatings is expected to witness a CAGR of over 7% during the forecast period. One of the major factors driving the market studied is the increasing global population with health issues. However, fluctuation in raw material prices is likely to restrain the market.

  • Increasing awareness regarding the advancement of medical treatments is also likely to boost the demand for medical coatings, during the forecast period.
  • Growing healthcare investments in emerging economies are likely to act as opportunities for market growth in the future.
  • North America accounted for the highest market share and is likely to dominate the global market, during the forecast period.

Scope of the Report

The global medical coatings market report includes:

Chemistry
Silicon
Fluoropolymer
Parylene
Others
Type
Anti-microbial Coating
Hydrophilic Coating
Anti-thrombogenic Coating
Other Coating Types
Application
Medical Device
Medical Implants
Medical Equipment and Tools
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa (MEA)

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Key Market Trends

Anti-Microbial Coating Type is likely to Witness the Highest Growth Rate

  • The antimicrobial coatings industry is expanding and is currently regarded as a billion-dollar sector. The sector is being developed to prevent the growth of bacteria and germs on several surfaces.
  • Antimicrobial coatings have a massive market in the North American region, which accounts for a  major chunk of the market.
  • In addition, these coatings are helping in preventing the growth and spread of bacteria and germs on medical instruments; antimicrobial coatings can enhance the hygiene in the healthcare facilities.
  • Moreover, if antimicrobial coatings are coated on countertops, the active cleaning agents that are characteristically used to clean health care facilities are not required.
  • The usage of the antimicrobial coatings is likely to help decrease the environmental effects of cleaning within medical facilities considerably.
  • Hence, owing to the above-mentioned reasons, the anti-microbial coating is likely to witness the highest growth rate.
Medical Coatings Market

North America to Dominate the Market

  • North America is estimated to witness tremendous growth rate over the forecast period in the medical coatings market.
  • Due to rising aged population and focused interest of the government in providing quality healthcare services, the United States remained the largest medical device market in the world.
  • The US medical devices manufacturers control more than half of the Canadian medical device market.
  • The Canadian market is sophisticated and mature, with a strong demand for high-quality medical technologies.
  • This is mostly due to geographic proximity and similarities in safety and quality standards between the two countries.
  • Hence, owing to the above-mentioned factors, the North American region is likely to dominate the global market, during the forecast period.
Medical Coatings Market

Competitive Landscape

The market for medical coatings market is partially fragmented and consisits of high number of players. Key players in the market include DSM, AST Products Inc., Hydromer Inc., Precision Coating Company, Inc, and Biocoat Incorporated, among others.

Medical Coatings Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Global Population with Health Issues

      2. 4.1.2 Increasing Awareness Regarding Advancement of Medical Treatments

    2. 4.2 Restraints

      1. 4.2.1 Fluctuation in Raw Material Prices

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Chemistry

      1. 5.1.1 Silicon

      2. 5.1.2 Fluoropolymer

      3. 5.1.3 Parylene

      4. 5.1.4 Others

    2. 5.2 Type

      1. 5.2.1 Anti-microbial Coating

      2. 5.2.2 Hydrophilic Coating

      3. 5.2.3 Anti-thrombogenic Coating

      4. 5.2.4 Other Coating Types

    3. 5.3 Application

      1. 5.3.1 Medical Device

      2. 5.3.2 Medical Implants

      3. 5.3.3 Medical Equipment and Tools

      4. 5.3.4 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 France

        3. 5.4.3.3 United Kingdom

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of the Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa (MEA)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AST Products, Inc.

      2. 6.4.2 Biocoat Incorporated.

      3. 6.4.3 Covalon Technologies Ltd

      4. 6.4.4 DSM

      5. 6.4.5 Freudenberg Medical

      6. 6.4.6 Harland Medical Systems

      7. 6.4.7 Hydromer

      8. 6.4.8 Medicoat AG

      9. 6.4.9 Merit Medical Systems, Inc.

      10. 6.4.10 Precision Coating Company Inc.

      11. 6.4.11 Surmodics Inc.

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Healthcare Investments in Emerging economies

**Subject to Availability

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Frequently Asked Questions

The Medical Coatings Market market is studied from 2016 - 2026.

The Medical Coatings Market is growing at a CAGR of >7% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

DSM, AST Products Inc., Hydromer Inc., Biocoat Incorporated, Precision Coating Company, Inc are the major companies operating in Medical Coatings Market.

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