Germany Medical Device Coating Market Size & Outlook
Germany medical device coating market, 2018-2030 (US$M)
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Germany medical device coating market highlights
- The Germany medical device coating market generated a revenue of USD 1,137.3 million in 2022 and is expected to reach USD 2,216.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.7% 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 1,137.3 million |
| Market revenue in 2030 | USD 2,216.0 million |
| Growth rate | 8.7% (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, Germany accounted for 8.8% 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 Europe, Germany medical device coating market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,216.0 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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Germany 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 Germany 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.
In terms of revenue in 2019, Germany was the largest medical device coatings market in Europe. The country has been developing medical instruments with an emphasis on imaging instruments, precision medical instruments, dental instruments, and optical technology.
The country has been investing for the development and enhancement of healthcare industry over the past few years focusing on smart health and value-based care. According to the OECD, an increase in life expectancy is a result of reduction in premature deaths from circulatory diseases, majorly heart disease and stroke.
The decrease in mortality rate is mainly attributed to the improvement in healthcare. The investment in healthcare, majorly related to heart diseases, has propelled the medical devices industry in Germany, thereby driving the demand for medical device coatings.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany medical device coating market , including forecasts for subscribers. This country databook contains high-level insights into Germany medical device coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany medical device coating market size, by product, 2018-2030 (US$M)
Germany Medical Device Coating Market Outlook Share, 2022 & 2030 (US$M)
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