0

Medical Coatings Market by Material, Application, Coatings, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR45293
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The medical coatings market share is expected to increase by USD 5.94 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.31%.

This medical coatings market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by material (polymers and metals), coatings (passive and active), application (medical equipment, medical implants, and others), and geography (North America, Europe, APAC, South America, and MEA). The medical coatings market report also offers information on several market vendors, including AST Products Inc., Biocoat Inc., Endura Coatings, Hydromer Inc., Koninklijke DSM NV, Materion Corp., Medicoat AG, Merit Medical Systems Inc., Precision Coating Co. Inc., and Surmodics Inc. among others.

What will the Medical Coatings Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Medical Coatings Market Size for the Forecast Period and Other Important Statistics

 

Medical Coatings Market: Key Drivers and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growth in the geriatric population is notably driving the medical device coatings market growth, although factors such as stringent government regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical coatings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Medical Coatings Market Driver

The increasing geriatric population plays an important role in driving the growth of the medical coatings market. Globally, several countries, both developed and developing countries, are taking various steps to increase their healthcare budgets and healthcare programs for the geriatric population. The growing prevalence of chronic diseases has led to the development of medical devices that help in treating age-related conditions, such as hearing problems, mobility issues, and cardiovascular, neurological, and endocrinology diseases. With the increase in the aging population, there has been a rapid growth in demand for orthopedic and cardiovascular implants. Hence, the growing aging population will increase the need for various medical devices, which will drive the growth of the global medical coatings market.

Key Medical Coatings Market Challenge

The stringent government regulations will hinder the growth of the medical coatings market during the forecast period. The EU has formulated regulations to monitor the safety and performance of medical devices used in clinical processes. Medical coating manufacturers for medical applications need to follow these regulations, owing to the high risks involved in using external materials in the human body. Such stringent regulations and clinical policies have challenged the manufacturers in demonstrating and documenting the compliances. Additionally, separation issues associated with coatings, like peeling, flaking, shedding, and delamination, caused by factors such as improper storage conditions, faulty device designs, and improper preconditioning of devices, have also been recognized as a major challenge for the market. 

This medical coatings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Medical Coatings Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AST Products Inc.
  • Biocoat Inc.
  • Endura Coatings
  • Hydromer Inc.
  • Koninklijke DSM NV
  • Materion Corp.
  • Medicoat AG
  • Merit Medical Systems Inc.
  • Precision Coating Co. Inc.
  • Surmodics Inc.

 

This statistical study of the medical coatings market encompasses successful business strategies deployed by the key vendors. The medical device coatings market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The medical coatings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Medical Coatings Market?

For more insights on the market share of various regions Request for a FREE sample now!

36% of the market’s growth will originate from North America during the forecast period. The US, Canada, and Mexico are the key markets for medical coatings in North America. Market growth in this region will be faster than the growth of the market in MEA.

Technological advances in the healthcare sector in the US and Canada will facilitate the medical coatings market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Material Segments in the Medical Coatings Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The medical coatings market share growth by the polymers segment will be significant during the forecast period. Polymer-based coatings have witnessed a major rise in demand over the last few years. Polymers possess unique properties, and hence, they can be used for multiple purposes. They can be effectively used for scratch and abrasion resistance, elasticity, and brittleness. Various types of polymers, such as chitosan, polyether ether ketone (PEEK), and polytetrafluoroethylene (PTFE), can be used as antimicrobial coatings for medical devices. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the medical device coatings market size and actionable market insights on post COVID-19 impact on each segment.

 

Medical Coatings Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.31%

Market growth 2021-2025

$ 5.94 billion

Market structure

Fragmented

YoY growth (%)

6.94

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 36%

Key consumer countries

US, China, Canada, Germany, Mexico, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AST Products Inc., Biocoat Inc., Endura Coatings, Hydromer Inc., Koninklijke DSM NV, Materion Corp., Medicoat AG, Merit Medical Systems Inc., Precision Coating Co. Inc., and Surmodics Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Medical Coatings Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive medical coatings market growth during the next five years
  • Precise estimation of the medical coatings market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical device coatings industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical device coatings market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Medical equipment - Market size and forecast 2020-2025
    • Medical implants - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by Material

    • Market segments
    • Comparison by Material
    • Polymers - Market size and forecast 2020-2025
    • Metals - Market size and forecast 2020-2025
    • Market opportunity by Material

    Market Segmentation by Coatings

    • Market segments
    • Comparison by Coatings
    • Passive - Market size and forecast 2020-2025
    • Active - Market size and forecast 2020-2025
    • Market opportunity by Coatings

    Customer landscape

      Geographic Landscape

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

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AST Products Inc.
      • Biocoat Inc.
      • Endura Coatings
      • Hydromer Inc.
      • Koninklijke DSM NV
      • Materion Corp.
      • Medicoat AG
      • Merit Medical Systems Inc.
      • Precision Coating Co. Inc.
      • Surmodics Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The medical coatings market market growth will increase by $5943.99 million during 2020-2025.
      The medical coatings market market is expected to grow at a CAGR of 7.31% during 2020-2025.
      Technavio has segmented the medical coatings market market by material (Polymers and Metals) ,other1 (Passive and Active) , and application (Medical equipment, Medical implants, and Others).
      AST Products Inc., Biocoat Inc., Endura Coatings, Hydromer Inc., Koninklijke DSM NV, Materion Corp., Medicoat AG, Merit Medical Systems Inc., Precision Coating Co. Inc., Surmodics Inc. are a few of the key vendors in the medical coatings market market.
      North America will register the highest growth rate of 36.39% among the other regions. Therefore, the medical coatings market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Canada
      • Germany
      • Mexico
      • South Korea (Republic of Korea)
      The key factors driving the medical coatings market market growth are:
      • Growth in geriatric population
      The medical coatings market market vendors should focus on grabbing business opportunities from the polymers segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Materials
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>