Asia Pacific Medical Device Coating Market Size & Outlook
Asia Pacific medical device coating market, 2018-2030 (US$M)
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Asia Pacific medical device coating market highlights
- The Asia Pacific medical device coating market generated a revenue of USD 2,791.9 million in 2022.
- The market is expected to grow at a CAGR of 8.8% from 2023 to 2030.
- In terms of segment, anti-microbial coatings was the largest revenue generating product in 2022.
- Hydrophilic coatings is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 2,791.9 million |
| Market revenue in 2030 | USD 5,477.2 million |
| Growth rate | 8.8% (CAGR from 2022 to 2030) |
| Largest segment | Anti-microbial coatings |
| Fastest growing segment | Hydrophilic coatings |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydrophilic coatings, Anti-microbial coatings, Drug-eluting Coatings, Anti-thrombogenic coatings |
| Key market players worldwide | Surmodics Inc, DSM, Covalon Technologies Ltd, Materion Corp, SONO-Tek Corporation, Hydromer, Infinity biotech |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.6% of the global medical device coating market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,477.2 million by 2030.
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Medical Device Coating Market Scope
Medical Device Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific medical device coating market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical device coating market will help companies and investors design strategic landscapes.
Anti-microbial coatings was the largest segment with a revenue share of 31.86% in 2022. Horizon Databook has segmented the Asia Pacific medical device coating market based on hydrophilic coatings, anti-microbial coatings, drug-eluting coatings, anti-thrombogenic coatings covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to witness significant gains over the forecast period on account of the rising demand for medical devices in various countries including India, China, Singapore, and Thailand. Increasing private and government investment for sanitization and production of medical devices to contain the spread of COVID-19 are expected to boost the demand for medical device coatings in the region.
Moreover, growing renovation activities of hospital facilities to reduce the prevalence of virus outbreaks and infections are also likely to propel the market growth in the coming years. The presence of major economies with high healthcare costs and increasing expenditure by various governments on public & private health systems are expected to positively impact the market growth.
Increasing private participation in healthcare industry to improve healthcare services and infrastructure and to offer high-quality treatment in countries such as China, Japan, India, Singapore, and Australia are further expected to boost the market growth.
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Our clientele includes a mix of medical device coating market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific medical device coating market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific medical device coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific medical device coating market size, by country, 2018-2030 (US$M)
Asia Pacific Medical Device Coating Market Outlook Share, 2022 & 2030 (US$M)
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