Chile Medical Device Coating Market Size & Outlook
Chile medical device coating market, 2018-2030 (US$M)
Related Markets
Chile medical device coating market highlights
- The Chile medical device coating market generated a revenue of USD 63.4 million in 2022 and is expected to reach USD 108.7 million by 2030.
- The Chile market is expected to grow at a CAGR of 7% 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 63.4 million |
| Market revenue in 2030 | USD 108.7 million |
| Growth rate | 7% (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, Chile accounted for 0.5% 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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Chile 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 31.23% in 2022. Horizon Databook has segmented the Chile 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.
The Chile medical device coating market is expected to witness slower growth as compared to other countries in the region owing to the outbreak of the COVID-19 pandemic. The medical device industry in Chile is majorly dependent on imports and the outbreak of the COVID-19 pandemic has put a strain on global trade and medical device supply chains, especially from the U.S.
Thus negatively affecting Chile's medical device import market in the short term. However, the country is expected to offer an attractive market for the manufacturers of medical devices owing to the open trading system based on the rule of law and principles of free trade, which are expected to fuel the growth of the medical device market in the coming years.
Moreover, the relatively transparent regulatory environment, move toward privatization, and strong commitment to modernization in the healthcare industry are expected to contribute to an increased demand for advanced medical devices in the country. These factors are expected to boost the demand for medical device coatings over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Chile medical device coating market , including forecasts for subscribers. This country databook contains high-level insights into Chile medical device coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Chile medical device coating market size, by product, 2018-2030 (US$M)
Chile Medical Device Coating Market Outlook Share, 2022 & 2030 (US$M)
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