North America Medical Device Coating Market Size & Outlook
North America medical device coating market, 2018-2030 (US$M)
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North America medical device coating market highlights
- The North America medical device coating market generated a revenue of USD 5,342.2 million in 2022.
- The market is expected to grow at a CAGR of 7.4% 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, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 5,342.2 million |
| Market revenue in 2030 | USD 9,442.4 million |
| Growth rate | 7.4% (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, North America region accounted for 41.4% 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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North 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 31.45% in 2022. Horizon Databook has segmented the North 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.
North America medical device coating market is expected to witness considerable growth owing to the increasing demand for medical devices for the treatment of complications related to cardiovascular, urinary, neurovascular, and various other medical problems.
Medical devices such as cardiovascular stents, catheters, and guidewires can cause severe medical infections including healthcare-associated infections (HAIs), which has increased the demand for medical device coatings in the region.
Development & imposition of tools to avoid HAIs in the U.S. has propelled the growth of medical device coatings market in the region. These stringent rules & regulations have provided the manufacturers across the country to develop and provide coatings that can avoid such infections after the implantation of medical devices into the patient’s body.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America medical device coating market , including forecasts for subscribers. This continent databook contains high-level insights into North America medical device coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America medical device coating market size, by country, 2018-2030 (US$M)
North America Medical Device Coating Market Outlook Share, 2022 & 2030 (US$M)
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