Medical Device Coating Market - Global Industry Analysis, Potential Growth, Key Players and Latest Trends Forecast by 2028

The global Medical Device Coating Market is expected to grow from US$ 7,644.09 million in 2021 to US$ 12,818.01 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2022 to 2028. The high prevalence of healthcare associated infections (HAIs) drives the market growth. Further, increasing R&D activities and innovation in medical device coating materials would act as a future trend for the overall market growth during the forecast period.

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Analysis of the Top Market Players:

1. Koninklijke DSM NV
2. Hydromer Inc
3. Surmodics Inc
4. Biocoat Inc
5. AST Products Inc
6. Covalon Technologies Ltd
7. Harland Medical Systems Inc
8. Precision Coating Company Inc
9. Kisco Ltd
10. Formacoat LLC

In this report, the market has been segmented on the basis of:

Material Type (Polymer, Metal, and Others)
Devices (Medical Equipment and Tools, Medical Devices, Medical Implant, and Others)
Coating (Hydrophilic Coating, Anti-Microbial Coating, Drug-Eluting Coating, Anti-Thrombogenic Coating, and Others)

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Urinary tract infections, central line-associated bloodstream infections, and ventilator-associated pneumonia are among the healthcare-associated infections that may occur at surgery sites. According to a report titled "2020 National and State Healthcare-Associated Infections Progress Report," published by the Centers for Disease Control and Prevention (CDC) in 2021, about 24%, 35%, and 15% increase were recorded in central line-associated bloodstream infections, ventilator-associated events, and methicillin-resistant Staphylococcus aureus (MRSA) bacteremia, respectively, in the US between 2019 and 2020. As per January 2022 report published by National Healthcare Safety Network (NHSN), urinary tract infections (UTIs) are the fifth most common type of healthcare-associated infection, accounting for more than 9.5% of conditions reported by acute care hospitals.

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