Press release
Medical Coatings Global Market Report 2024 - By Size, Share, Trends, Demand, Forecast To 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Medical Coatings industry. This report on Medical Coatings market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The medical coatings market size has grown exponentially in recent years. It will grow from $8.65 billion in 2023 to $10.5 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth in the historic period can be attributed to infection prevention, biocompatibility, advanced drug delivery, performance enhancement, regulatory compliance. The medical coatings market size is expected to see exponential growth in the next few years. It will grow to $23.01 billion in 2028 at a compound annual growth rate (CAGR) of 21.7%.
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Key Market Players:
Allvivo Vascular Inc., AST Products Inc., Biocoat Incorporated, Coatings2Go LLC, Covalon Technologies Ltd.
Market Drivers:
According to the Medical Coatings Market Report 2024 by The Business Research Company, growing incidences of obesity are expected to propel the growth of the medical coatings market going forward. Obesity refers to the condition of having a body mass index of 30 or more. Medical coatings help in preventing corrosion and enhancing the durability of medical devices used in obesity-related surgeries, ensuring their long-term effectiveness and safety.
More information about the Global Medical Coatings Market Report -
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Market segments for Medical Coatings include:
• By Type: Anti-Microbial Coating, Hydrophilic Coating, Anti-Thrombogenic Coating, Other Types.
• By Material Type: Polymers, Metals, Other Material Types
• By Application: Medical Devices, Medical Implants, Medical Equipment and Tools, Protective Clothing, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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