U.S. Medical Device Coating Market Size & Outlook
U.S. medical device coating market, 2018-2030 (US$M)
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U.S. medical device coating market highlights
- The U.S. medical device coating market generated a revenue of USD 4,160.4 million in 2022 and is expected to reach USD 7,358.4 million by 2030.
- The U.S. 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.
Medical device coating market data book summary
| Market revenue in 2022 | USD 4,160.4 million |
| Market revenue in 2030 | USD 7,358.4 million |
| Growth rate | 7.4% (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, U.S. accounted for 32.2% 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 North America, U.S. medical device coating market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,303.4 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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U.S. 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 31.32% in 2022. Horizon Databook has segmented the U.S. 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.
The U.S. medical device coating market is dominated by well-established market players including PPG Industries, Inc., Hydromer Inc., and Materion Corporation. Rising demand for medical devices in the U.S. has propelled the use of medical device coatings across the country.
Since external devices have a tendency to cause infections in the human body after the insertion, healthcare-acquired infections (HAIs) are very common across the country, which can turn into life threatening situations.
Medical device coatings prevent HAIs and help the device perform better. Tools such as Infection Control Assessment Tools developed and imposed by Centers for Disease Control and Prevention (CDC) in the U.S. for assisting health departments in assessing infection prevention particles and guide quality improvement activities have been a key contributor for the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. medical device coating market , including forecasts for subscribers. This country databook contains high-level insights into U.S. medical device coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. medical device coating market size, by product, 2018-2030 (US$M)
U.S. Medical Device Coating Market Outlook Share, 2022 & 2030 (US$M)
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