South Korea Medical Device Coating Market Size & Outlook

The medical device coating market in South Korea is expected to reach a projected revenue of US$ 481.6 million by 2030. A compound annual growth rate of 8.7% is expected of South Korea medical device coating market from 2023 to 2030.
Revenue, 2022 (US$M)
$247.5
Forecast, 2030 (US$M)
$481.6
CAGR, 2023 - 2030
8.7%
Report Coverage
South Korea

South Korea medical device coating market highlights

  • The South Korea medical device coating market generated a revenue of USD 247.5 million in 2022 and is expected to reach USD 481.6 million by 2030.
  • The South Korea 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 2022USD 247.5 million
Market revenue in 2030USD 481.6 million
Growth rate8.7% (CAGR from 2022 to 2030)
Largest segmentAnti-microbial coatings
Fastest growing segmentHydrophilic coatings
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHydrophilic coatings, Anti-microbial coatings, Drug-eluting Coatings, Anti-thrombogenic coatings
Key market players worldwideSurmodics Inc, DSM, Covalon Technologies Ltd, Materion Corp, SONO-Tek Corporation, Hydromer, Infinity biotech


Other key industry trends

  • In terms of revenue, South Korea accounted for 1.9% 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 Companies

Name Profile # Employees HQ Website

South Korea 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 32.12% in 2022. Horizon Databook has segmented the South Korea 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.


South Korea faces major health-related issues such as cerebrovascular disease as well as cardiovascular diseases including myocardial infarction, heart failure, and angina.

South Korea has made substantial efforts to manage atherosclerotic cardiovascular disease (ASCVD) through the establishment of cardiac & cerebrovascular disease care center and the development of guidelines for diseases related to ASCVD.

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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea medical device coating market , including forecasts for subscribers. This country databook contains high-level insights into South Korea medical device coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea medical device coating market size, by product, 2018-2030 (US$M)

South Korea Medical Device Coating Market Outlook Share, 2022 & 2030 (US$M)

South Korea medical device coating market size, by product, 2018-2030 (US$M)

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