Medical Device Coating Market Size, Top Global Key Players Analysis till 2023- Surmodics Inc., Materion Corp., Sono-Tek Corp., Biocoat Incorporated, Royal DSM N.V

Market Overview:

The Medical Device Coating market is estimated to value at USD 10,109.7 million by the end of 2023 at a CAGR of 5.16% during the forecast period. Increasing geriatric population, growing demand for MISI (Minimal Invasive Surgical Instrument) and continuous innovation in medical devices are some of the major factors favouring the growth of the market.

Application of medical device coating in the cardiovascular diagnostics or surgical instruments accounted for the largest market share. It is projected to grow at the highest CAGR on account of the higher penetration of medical devices in cardiac surgeries and pacemakers. The orthopaedic segment is the second major consumer of medical device coatings due to the growing number of aged population and growing awareness among the consumers. However, increasing standards of the regulations and complexities of technology may restrain the market growth over the review period. Nevertheless, in coming years, the increasing preference of hydrophilic medical device coating is projected to propel the growth of the global market in the coming years.

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Major Key Players:
The Major Players operating in the Medical Device Coating Market are:

• Surmodics Inc. (U.S.),
• Materion Corp. (U.S.),
• Hydromer Inc. (U.S.),
• Sono-Tek Corp. (U.S.),
• Speciality Coating Systems Inc. (U.S.),
• Royal DSM N.V (The Netherlands),
• Precision Coating Company Inc. (U.S.),
• Biocoat Incorporated (U.S.).

Market Segmentation:
The Global Medical Device Coating Market is categorized on the basis of Type, Application:

On The Basis Of Type-
• Antimicrobial,
• Drug-Eluting,
• Hydrophilic
• Anti Therombogenic

On The Basis Of Application -
• Cardiovascular,
• Orthopedics,
• Neurology,
• Gynaecology

Regional Analysis:
Geographically, Medical Device Coating Market is segmented across Five Regions in the world namely:

• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.

North America accounted for the largest share of the market in 2016, and is expected to grow at a high CAGR. The North American market is followed by Europe, which is accounted for the second largest number of shares in the global medical device coatings market as of 2016. Europe is estimated to reach USD 2,763.0 million by 2023.

Asia Pacific is a substantial region in the market, which accounts for 20% share of market as of 2016 and is growing at the highest CAGR of 6.39 %. China is the leading market, in terms of value and volume, which is followed by the U.S.

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