736 , Shakti Khund III , New Delhi
+1778-732-2565

Global Medical Coating Market By Coating Type (Passive Coating, Active Coating), By Material Type (Polymers, Metals, Others), By Application (Medical Devices, Medical Implants, Others), By Region–Forecast & Opportunities to 2026

Report Description

The global medical coatings market accounted for a value of USD 8.9 billion in 2019. Medical coatings market projected to register growth at a CAGR of 20.5% during forecast period.

COVID-19 has impacted medical coatings market. The production of medical face masks, gloves, containers for intravenous injection, sanitizers and disinfectants etc have been increased during COVID-19 period. The adoption and demand for such products has increased immensely across the world. The demand for ventilators has been increased due to corona virus outbreak across the world. There is huge increase in production and demand of various medical devices during corona virus outbreak.

Definition:

Coatings can be defined as a thin layer of a coating paint over the surface of any object in order to protect it. Coating creates a thin layer over a surface of any object. Medical coating is a thin layer over a device n order to protect it.

Market Dynamics (Drivers/Opportunities):

In surgery, doctors use various method and techniques to operate patient with minimum harm to the body. Surgeries such as minimal invasive surgery requires have fewer complications, less pain and higher accuracy when compared to traditional open surgery. Thus, the demand for medical coating is increasing around the world.

People are getting aware about the importance of less invasive medical procedures over other conventional procedures. The number of cases of cancer and cardiovascular diseases etc around the world in growing and these diseases require complex treatment. This has increased demand of minimally invasive procedures. The consumption of light weight medical devices has been increased around the world. This is likely to drive growth in medical coatings market during forecast period.

Market Insights, by Coating Type

On the basis of coating type, the medical coating market is segmented into passive coating and active coatings. The passive coating segment is estimated to hold largest share during forecast period. These coatings are widely to reduced coefficient of friction and they have properties such as lubricity, low particulate count and durability which is highly in demand. Hydrophobic coatings are fluid repellent coatings and are widely used in medical equipments and devices whereas hydrophilic coatings are used in introducer sheaths, catheters and guide wires. Various properties of hydrophilic coatings such as easy insertion and minimal invasion and properties of hydrophobic coatings such as fluid repellant is likely to drive growth in passive coatings segment during forecast period.

Market Insights, by Material Type

On the basis of material type, the medical coating market is segmented into polymers, metals and others. The polymers segment is estimated to be the fastest growing market during forecast period. The medicals coatings based on polymers are widely used in medical equipments, devices, tools, medical implants and protective clothing etc. these polymers helps in maximizing corrosion resistance and durability by minimizing coefficient of friction. These polymers are easily available in market at low cost. This drives growth in polymers segment during forecast period.

Market Insights, by Application

On the basis of application, the medical coatings market is segmented into medical devices, medical implants, protective clothing, medical equipment & tools and others. The medical devices segment is estimated to hold largest market share during forecast period. The use of medical devices is increasing around the world which has increased demand for medical devices across the world. The outbreak of corona virus has also led to increase in adoption of devices such as positive pressure breathing devices, ventilators, infusion pumps, respirators and catheters etc. All this factors drive growth in medical devices segment during forecast period.

Regional Insights

North America region accounted for XX% of market share in 2019. The demand for medical coatings is increasing in this region. The export of medical coating is increasing rapidly. The technological advancement in healthcare leads to rise in demands for such devices during forecast period.

Asia-Pacific region is estimated to grow at a highest CAGR of XX% during forecast period. The demand for improved and efficient medical devices is increasing in this region. The number of hospitals with technological advanced infrastructure is increasing due to rise in population in Asia-Pacific region. The number of diseases is also increasing which requires treatment from improves medical equipment. This is likely to growth in medical coatings sector in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in medical coating market are DSM, Surmodics Inc, Hydromer Inc, Biocoat Inc, Speciality coating systems, Mctec, Ast Products Inc, Medicoat AG, PPG Industries, Materion, Harland Medical Systems, Freudenberg medical, Applied Medical Coatings, Precision Coating Co. and Sono-Tek Corp.

Segments Covered in the Report

This report forecasts The Global Medical Coating Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global medical coating market report on the basis of coating type, material type, and application

Medical Coating Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Medical Coating Market, By Coating Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Passive Coating
  • Active Coatings
  1. Medical Coating Market, By Material Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Polymers
  • Metals
  • Others
  1. Medical Coating Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Medical Devices
  • Medical Implants
  • Protective Clothing
  • Medical Equipment
  • Tools
  • Others
  1. Medical Coating Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Coating Type
    • By Material Type
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Coating Type
      • By Material Type
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Coating Type
        • By Material Type
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Coating Type
          • By Material Type
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Coating Type
            • By Material Type
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Sono-Tek Corp.
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • DSM
    • Surmodics Inc
    • Hydromer Inc
    • Biocoat Inc
    • Speciality Coating Systems
    • Mctec
    • Ast Products Inc
    • Medicoat AG
    • PPG Industries
    • Materion
    • Harland Medical Systems
    • Freudenberg medical
    • Applied Medical Coatings
    • Precision Coating Co.
  2. Appendix
    • Interrelated Market

 

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

Please share your details to receive a sample copy of the report

Single User : $3750
Multi User : $6100
Buy Now

 

Why Choose Us

  • 24*7 Post Sales Support
  • Speak to Analyst for Presentations
  • 15% Free Customization
  • Global, Regional & Country level reports
  • Special Discounts for Startups & Educational Institutions

Questions ?

  • What is 15% Free Customization?
  • What is Report Subscription?
  • What is the Delivery Time of the Report?

What You Get

Data Excel Sheets

Report in PDF

Report Subscription

Analyst Support

What's Included

Market Intelligence

Competitive Intelligence

Opportunities and Challenges

Strategic Recommendations