China Medical Device Coating Market Size & Outlook
China medical device coating market, 2018-2030 (US$M)
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China medical device coating market highlights
- The China medical device coating market generated a revenue of USD 990.5 million in 2022 and is expected to reach USD 1,969.7 million by 2030.
- The China market is expected to grow at a CAGR of 9% 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 990.5 million |
| Market revenue in 2030 | USD 1,969.7 million |
| Growth rate | 9% (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, China accounted for 7.7% 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 Asia Pacific, China medical device coating market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 733.1 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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China 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 31.27% in 2022. Horizon Databook has segmented the China 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.
China medical device coating market is projected to witness substantial growth over the forecast period. The market growth can be attributed to the increasing efforts by the government to improve public access to quality healthcare services at affordable prices.
Increasing government expenditure to improve infrastructure and accessibility in rural and urban areas is expected to drive the demand for medical devices and components, which, in turn, is expected to augment the demand for medical device coatings over the forecast period.
Amid the global COVID-19 pandemic situation, China is producing ventilators, general medical surgery equipment, oxygenators, which are being exported to various countries such as the U.S., the UK, Spain, Italy, and India. Various manufacturing companies apart from medical device manufacturers in the country have started producing masks for export.
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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 country-level data and insights on the China medical device coating market , including forecasts for subscribers. This country databook contains high-level insights into China medical device coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China medical device coating market size, by product, 2018-2030 (US$M)
China Medical Device Coating Market Outlook Share, 2022 & 2030 (US$M)
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