The global medical device coating market is likely to be valued at US$ 1.2 Bn by 2021-end, with an anticipated CAGR of 7.2% across the 2021-2031 assessment period, with sales of hydrophilic coatings expected to be maximum at US$ 2 Bn. Overall, the market is slated to reach US$ 2.4 Bn by 2031.
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Antimicrobial Coatings to Rise in Popularity
Increasing awareness about hospital-acquired infections and favorable research and funding environment have enabled antimicrobial coatings gain immense popularity. For instance, in 2018, the US Center for Disease Control and Prevention identified that about 1.7 million people hospitalized annually acquire health care-associated infections (HCAIs) while they are being treated for other health concerns. As a result, more than 98,000 patients (one in 17) die due to these infections.
Since there is a consistent rise in the number of hospital-acquired infections, the demand for antimicrobial coatings for medical devices is rising. This is driven by the need to inhibit or destroy growth of any microorganisms that can cause HCAIs.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
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The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The global Coatings for Medical Devices Market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
Some important questions that the Coatings for Medical Devices Market report tries to answer exhaustively are:
- Key strategic moves by various players in the Coatings for Medical Devices Market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares
- Which strategies will enable top players in the Coatings for Medical Devices Market to expand their geographic footprints
- Which new business models are expected to change the course of growth of key regional markets in near future
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants
- Which products segments have in recent years have seen new, lucrative application areas
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