Middle East & Africa Medical Device Coating Market Size & Outlook
Middle East & Africa medical device coating market, 2018-2030 (US$M)
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MEA medical device coating market highlights
- The MEA medical device coating market generated a revenue of USD 376.1 million in 2022.
- The market is expected to grow at a CAGR of 6.6% 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, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 376.1 million |
| Market revenue in 2030 | USD 625.9 million |
| Growth rate | 6.6% (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, MEA region accounted for 2.9% 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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Middle East & Africa 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 32.17% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
Rapid population growth, high incidence of lifestyle-related disorders, and ambitious healthcare infrastructure development are expected to boost the demand for medical devices in the region over the forecast period.
The region is characterized by unequal access to healthcare facilities coupled with a shortage of healthcare professionals. This results in limited demand for medical equipment, leading to stunted growth of the market over the forecast period.
However, increasing cases of COVID-19 in countries such as Saudi Arabia, South Africa, and the UAE are fueling the demand for medical devices and components. This, in turn, is expected to fuel the demand for medical device coating in the region over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa medical device coating market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa medical device coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA medical device coating market size, by country, 2018-2030 (US$M)
Middle East & Africa Medical Device Coating Market Outlook Share, 2022 & 2030 (US$M)
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