The Future of Medical Device Coating Market: Trends, Opportunities & Challenges

1. Medical Device Coating Market: Size, Share, Growth, Development and Demand Forecast to 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. In 2021, the medical device coating market companies made $7,861.4 million, and it is expected to rise to $15,165.9 million in 2030, advancing at a rate of 7.6% from 2021 to 2030, attributed to the growing awareness of minimally invasive devices. In addition, the increase in the incidences of healthcare-associated infections, including ventilator-associated pneumonia, and catheter-associated urinary tract infections propel the demand for medical device manufacturers to coat anti-microbial agents on their products. In addition, the rise in the geriatric population, coupled with the surge in healthcare-related challenges has boosted the medical device coating industry with the rise in the implants’ demand. Furthermore, the increase in the requirement for early detection of diseases is projected to expand the demand for medical devices, which, in turn, will drive the growth of the industry in the near future. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/medical-device- coatings-market/report-sample The primary medical device coating market trends are urology, cardiovascular catheters, and hydrophilic lubricious coatings. In addition, the rise in awareness of novel surgeries and the increasing requirement for improved healthcare facilities are projected to create opportunities for market players in the coming future. The medical devices with metal-based coating contribute significant sales revenue to the medical device coating industry. The strict regulations on the usage of healthcare-related devices to ensure patients’ safety have made it crucial for manufacturing entities to offer infection-resistant and best-suited materials for healthcare implants and devices. In addition, polymers are also used as a coating material on medical equipment, and they are projected to generate the next-significant sales revenue for the medical device coating industry. These coatings are widely utilized in the manufacturing of implants and stents that facilitate the bioactive pharmaceuticals’-controlled release. It results in rising demand for medical devices and implants, and hence, it is expected to boost the market. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=medical-device-coatings-market The implants contribute the highest revenue to the sales of medical device coating, amounting to $4,886.2 million. The medical implant coatings vary from releasing coatings to non-releasing coatings. In addition, healthcare professionals prefer to use coatings that encourage tissue integration. For example, the rough surface of the vacuum-plasma-sprayed coatings of pure 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. titanium facilitates the necessary growth process of bone cells by providing them with ideal space, and hence they are widely utilized for orthopedic implants. In addition, these materials also provide an ideal surface finish for bones, that encourages strong anchoring and durability of implants. North America is the largest contributor to the sales of medical device coatings, and it is projected to capture sales worth $5,408.5 million in 2030, ascribed to the increased improvements in the technologies of medical devices, coupled with their ease of access booms the demand. In addition, the presence of healthcare facilities in large numbers and the surge in the R&D investments in healthcare propel the industry in the industry. Therefore, the rise in the elderly population with increased demand for implants proliferates the medical device coating industry. The research offers market size of medical device coating market for the period 2017–2030. Market Segmentation by Coating Type Hydrophilic Hydrophobic Market Segmentation by Material Metals • • • oSilver oTitanium oOthers Ceramics Polymers • • oSilicones oParylene oFluoropolymers PTFE PVDF Others (including FEP and PFA) ▪ ▪ ▪ Market Segmentation by Device Type General Surgery Cardiovascular Devices Orthopedics Dentistry Neurology Gynecology • • • • • • 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. Others • Market Segmentation by Application Medical Implants Medical Devices Market Segmentation by Region North America Medical Device Coating Market • • • oBy coating type oBy material oBy device type oBy application oBy country – U.S. and Canada Europe Medical Device Coating Market • oBy coating type oBy material oBy device type oBy application oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe Asia-Pacific (APAC) Medical Device Coating Market • oBy coating type oBy material oBy device type oBy application oBy country – Japan, China, India, South Korea, Australia, and Rest of APAC Latin America (LATAM) Medical Device Coating Market • oBy coating type oBy material oBy device type oBy application oBy country – Brazil, Mexico, and Rest of LATAM Middle East and Africa (MEA) Medical Device Coating Market • oBy coating type oBy material oBy device type oBy application oBy country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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