Medical Device Coating Market Size

Medical Device Coating Market Future Prospects

The medical device coating market accounts for an estimated revenue of USD 10.4 billion in 2024, which is set to increase to USD 18.1 billion by 2032, advancing at a CAGR of 7.2% during 2025–2032.

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.