Medical Device Coating Market Size and Share Report by Coating Type (Hydrophilic, Hydrophobic), Material (Metals, Ceramics, Polymers), Device Type (General Surgery, Cardiovascular Devices, Orthopedics, Dentistry, Neurology, Gynecology), Application (Medical Implants, Medical Devices) – Industry Growth Forecast to 2030

Market Overview

The medical device coating market size stood at $7,861.4 million in 2021, and it is expected to advance at a compound annual growth rate of 7.6% during 2021–2030, to reach $15,165.9 million by 2030.

The growth can be primarily ascribed to the rising awareness on the use of minimally invasive devices, due to their higher success rate. Additionally, the increasing frequency of healthcare-associated infections, such as catheter-associated urinary tract infections and ventilator-associated pneumonia, is impelling medical device manufacturers to coat their products with anti-microbial agents. Other factors credited for the advance of the industry are the growth in the geriatric population and the resulting healthcare-related challenges and the increase in the demand for implants. Moreover, the growing need for the early detection of diseases is expected to propel the medical device demand, which, in turn, will foster the industry growth over the forecast period.

The major medical device coating market trends are hydrophilic lubricious coatings, cardiovascular & urology catheters, and short-term implantable devices. Moreover, the increase in the awareness about novel surgeries and the rise in the demand for better healthcare facilities are expected to provide opportunities to the companies offering coatings for medical devices during the forecast period.

The market for medical device coatings was nevertheless negatively impacted by COVID-19 due to a major decline in the manufacturing of medical equipment and devices in the first half of 2020. Supply networks were also negatively impacted, which had a detrimental effect on the industry. Further, the delay or cancellation of elective surgical operations reduced the demand for implants and other equipment. As a result, there was less of a market for medical devices, which, in turn, resulted in a low demand for coatings for such devices.

Metallic Coatings Hold Major Share

Healthcare-related devices are stringently regulated to provide safety to patients; thus, it is necessary for the manufacturers to provide the best-suited and infection-resistant material for the devices and implants. Owing to their widespread usage, medical devices with metal-based coatings held the largest share in 2021 and are expected to grow with the highest CAGR, of about 7.9%, during the forecast period.

The metals used in coating materials include silver for implantable devices, titanium (specifically) for orthopedic implants, and gold for cardiovascular stents.

Similarly ceramic-based coatings significantly reduce the costs associated with devices, such as scissors, forceps, spatulas, and specific implants. Research and development on the bio-ceramic technology is expected to bring better ceramic-coated implants that are more durable and cost-effective to the market.

Polymers are another kind of coating material used on medical equipment, and their consumption is set to witness the second-fastest growth in the forecast period, after metallic coatings. Such coatings are widely used during the manufacturing of stents and the implants that are used for the controlled release of bioactive pharmaceuticals. Thus, as the demand for implants and other medical devices rises, the market for medical device coatings will also boom.

Healthcare-Associated Infection Awareness Drives Market

Healthcare-associated infections are a major concern for hospitals and patients.

The European Centre for Disease Prevention and Control (ECDC) estimates that more than 3 million patients develop a healthcare-associated infection every year in the continent. Moreover, as per the CDC, in 2020, during the height of the COVID-19 pandemic, U.S. hospitals witnessed a 24% rise in central-line-associated bloodstream infection incidence, a 35% rise in the prevalence of ventilator-associated events, and a 15% surge in the count of hospital-associated MRSA bacteremia.

Due to the increasing incidence, the FDA and other regulatory authorities throughout the world have been emphasizing on properly coated medical devices. Manufacturers themselves are adopting measures to improve the safety of the devices, such as the incorporation of appropriate coatings, thereby supplementing the market growth.

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North America Has Largest Medical Device Coating Market Size

North America, the largest contributor to the industry, is set to garner $5,408.5 million by 2030. This is attributed to the continuous improvement in medical device technologies and the easy access to enhanced equipment and care. Additionally, due to a large number of healthcare facilities, including diagnostic centers; and high investments in healthcare R&D, the region has the largest share of the revenue globally. Moreover, hydrophilic coatings are trending in the North American market for medical device coatings, as they represent a key enhancement in healthcare technology.

Europe occupies the second-largest share after North America. Within the region, Germany is expected to exhibit a steady growth rate, while many other countries are expected to grow at a high CAGR throughout the forecast period. The market in Germany is growing owing to the rise in the incidence of chronic diseases. In perspective, Germany has one of the highest counts of deaths due to heart diseases, owing to lifestyle factors, such as an increase in the uptake of smoking and rise in the prevalence of obesity.

The Asia-Pacific medical device coating market growth is set to be the fastest, at a CAGR of 8.4%, during the forecast period. This will be due to the growing demand for better healthcare, coupled with the rising number of hospitals. The burgeoning geriatric population, along with the high obesity rate, drives the occurrence of cardiovascular diseases, which, in turn, stimulates demand for medical equipment and related coatings.

Multifunctional Coatings Are Major Market Trend

The development of multifunctional coatings continues to minimize the cost, thereby increasing their popularity; thus, the key players, such as SurModics Inc., have shifted their focus toward advanced and multifunctional coatings.

Medical Implants Are Largest Application of Medical-Grade Coatings

The implants category contributed the highest revenue in 2021, of $4,886.2 million. A range of coatings are used to decrease the chances of implant-induced infections and inhibit the implants from loosening. Medical implant coatings may vary from non-releasing (antibiotic) coatings to releasing coatings. Moreover, coatings that promote tissue integration are usually preferred by healthcare professionals. For instance, vacuum-plasma-sprayed coatings with pure titanium have a rough surface, thus giving bone cells the ideal space for the essential ingrowth process, which is why they are widely used on orthopedic implants. Additionally, such materials furnish a bone-friendly surface finish, which promotes durable and strong anchoring of the implants.

Key Players in Medical Device Coating Market Are:

• SurModics Inc.
• Sono-Tek Corporation
• Koninklijke DSM N.V.
• Hydromer Inc.
• Biocoat Inc.
• Specialty Coating Systems Inc.
• Covalon Technologies Ltd.
• Materion Corporation
• Precision Coating Company Inc.
• Freudenberg Medical Europe GmbH
• Harland Medical Systems Inc.
• Medical Surface Inc.
• Merit Medical Systems Inc.
• Allvivo Vascular Inc.

Medical Device Coatings Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Coating Type

• Hydrophilic
• Hydrophobic

Based on Material

• Metals
  • Silver
  • Titanium
• Ceramics
• Polymers
  • Silicones
  • Parylene
  • Fluoropolymers
    • PTFE
    • PVDF

Based on Device Type

• General Surgery
• Cardiovascular Devices
• Orthopedics
• Dentistry
• Neurology
• Gynecology

Based on Application

• Medical Implants
• Medical Devices

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • U.A.E.