Brazil Medical Device Coating Market Size & Outlook
Brazil medical device coating market, 2018-2030 (US$M)
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Brazil medical device coating market highlights
- The Brazil medical device coating market generated a revenue of USD 345.5 million in 2022 and is expected to reach USD 656.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.4% 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.
Medical device coating market data book summary
| Market revenue in 2022 | USD 345.5 million |
| Market revenue in 2030 | USD 656.9 million |
| Growth rate | 8.4% (CAGR from 2022 to 2030) |
| Largest segment | Anti-microbial coatings |
| Fastest growing segment | Hydrophilic coatings |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 2.7% of the global medical device coating market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil medical device coating market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 656.9 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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Brazil 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 31.32% in 2022. Horizon Databook has segmented the Brazil 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.
Brazil has one of the prominent medical device markets among other countries in the Central & South American region. This is likely to provide significant scope for market consumption of medical device coatings over the years ahead.
Rise in per capita healthcare expenditure in this country is estimated to boost the usage of medical devices. This scenario is ultimately expected to boost the requirement for protective coatings in the medical device sector by the end of the forecast period.
Rising requirements for minimally invasive surgeries in the country, coupled with the rapidly developing private healthcare sector, are estimated to drive market growth of medical device coatings by the end of the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil medical device coating market , including forecasts for subscribers. This country databook contains high-level insights into Brazil medical device coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil medical device coating market size, by product, 2018-2030 (US$M)
Brazil Medical Device Coating Market Outlook Share, 2022 & 2030 (US$M)
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