Latin America Medical Device Coating Market Size & Outlook
Latin America medical device coating market, 2018-2030 (US$M)
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Latin America medical device coating market highlights
- The Latin America medical device coating market generated a revenue of USD 653.4 million in 2022.
- The market is expected to grow at a CAGR of 8.1% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 653.4 million |
| Market revenue in 2030 | USD 1,221.8 million |
| Growth rate | 8.1% (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, Latin America region accounted for 5.1% 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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Latin America 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 31.68% in 2022. Horizon Databook has segmented the Latin America 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.
Central & South America is one of the emerging regions, which is likely to boost the consumption of medical device coatings over the forecast period. Significant development of the healthcare sector in key countries, including Brazil, Argentina, Peru, Venezuela, and Chile, is considered as the major market driver for the demand of medical device coatings.
The medical device industry in the region has been steadily growing owing to a rise in foreign investments by prominent market players, significant populace, and government initiatives for the development of the public healthcare sector.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical device coating market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical device coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America medical device coating market size, by country, 2018-2030 (US$M)
Latin America Medical Device Coating Market Outlook Share, 2022 & 2030 (US$M)
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