Medical Coatings Market by Type (Hydrophilic and Hydrophobic Coating), Application (Medical Devices, Implants, Medical Equipment & Tools), and Region (Asia-Pacific, Central & Eastern Europe, North America, Western Europe and RoW) - Global Forecast to 2021

The medical coatings market is projected to reach USD 15.15 Billion by 2021 at CAGR of 7.04% between 2016 and 2021.

The objectives of the study are:

• To define, describe, and project the medical coatings market on the basis of coating type, material type, application, and region
• To provide the drivers, restraints, opportunities, and challenges for the market
• To study individual growth trends, growth prospects, and contribution to the overall market
• To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
• To analyze competitive developments such as acquisitions, new product launches, partnerships, agreements and collaborations, regional expansions, and R&D activities

 Various secondary sources such as Factiva, American Medical Association, World Medical Association, Indian Medical Association and Bloomberg Businessweek, medical coating-related documents by various companies, and so on have been used to identify and collect information that is useful for this extensive commercial study of the global medical coatings market. The primary sources include experts from related industries, who have been interviewed to verify and collect critical information as well as to assess the growth prospects of the market. The top-down approach has been implemented to validate the market size, in terms of value, and volume. The exact values of the overall market size and individual market sizes have been determined and confirmed in this study with the data triangulation procedure and validation of data through primary interviews.

To know about the assumptions considered for the study, download the pdf brochure

The medical coatings value chain starts with the raw material suppliers. The raw materials required to manufacture medical coatings are manufactured by companies such as Quantum Silicones (U.S.), and BASF SE (Germany). The second node of the value chain consists of medical coatings manufacturers such as Royal DSM (Netherlands), Hydromer Inc. (U.S.), Surmodics Inc. (U.S.), AST Products Inc. (U.S.), and Covalon Technologies Ltd. (Canada), Abbott Laboratories (U.S.), Precision Coatings Inc. (U.S.). The third node in the value chain consists of distribution and marketing of medical coatings for particular applications such as medical devices, implants, and others.

Target Audience

This study identifies the prospective high growth market segments for the next two to five years to help stakeholders prioritize their efforts and investments. The stakeholders in the medical coatings market include:

• Medical coatings manufacturers
• Medical coatings traders, distributors, and suppliers
• Raw material suppliers
• Government and research organizations
• Healthcare industry competitors
• Medical associations

Scope of the Report:

The report analyzes the global medical coatings market in different applications and provides the market demand for respective regions. The report also provides a market overview and industry trends of the global medical coatings market.

• By Type
  • By Coatings Type
    • Hydrophilic Coatings
    • Hydrophobic Coatings
  • By Chemistry Type
    • Silicones
    • Fluoropolymers
    • Parylene
    • Others
  • By Substrate Type
    • Metals
    • Ceramics
    • Polymers
• By Application
  • Medical Equipment & Tools
  • Medical Devices
  • Implants
  • Others

Available Customizations: The following customization options are available in the report:

1. Country-level, by application, and by coating type analysis, and forecast

analysis of medical coatings, by application and by coating type market at the country-level in every region

2. Company Information

Analysis and profiles of additional global as well as regional market players (up to three)

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in the Medical Coatings Market
    4.2 Medical Coatings Market, By Type
    4.3 Medical Coatings Market, By Application
    4.4 Medical Coatings Market, By Region
    4.5 Medical Coatings Market in Asia-Pacific, By Country and Application

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rising Global Population, Per Capita Income, and Healthcare Awareness
                    5.3.1.2 Increasing Demand for Implantable Devices
                    5.3.1.3 Shift Toward Minimally Invasive Medical Procedure
                    5.3.1.4 Rising Awareness About Hai
           5.3.2 Restraints
                    5.3.2.1 Increasing Raw Material Price and Healthcare Costs
                    5.3.2.2 Low Shelf Life
           5.3.3 Opportunities
                    5.3.3.1 Growing Market for Multifunctional Coatings
                    5.3.3.2 Growing Healthcare Investments in Emerging Regions
                    5.3.3.3 Advancements in Medical Device and Equipment Markets
           5.3.4 Challenges
                    5.3.4.1 Stringent Regulatory Policies and Time-Consuming Regulatory Approvals
                    5.3.4.2 Variations in Regulations Across Countries

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Raw Material Suppliers
           6.2.2 Coating Manufacturers
           6.2.3 Device Manufacturers
           6.2.4 Contract Manufacturers
           6.2.5 Healthcare Providers
           6.2.6 Value Addition
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of Substitutes
           6.3.4 Threat of New Entrants
           6.3.5 Intensity of Rivalry
    6.4 Pest Analysis
           6.4.1 Political
           6.4.2 Economic
           6.4.3 Social
           6.4.4 Technological

7 Medical Coatings Market, By Type (Page No. - 58)
    7.1 Introduction
    7.2 Medical Coatings, By Coating Type
           7.2.1 Hydrophilic Coatings
           7.2.2 Hydrophobic Coatings
    7.3 Medical Coatings, By Substrates Type
           7.3.1 Metals
                    7.3.1.1 Silver
                    7.3.1.2 Titanium
           7.3.2 Ceramics
           7.3.3 Polymers
    7.4 Medical Coatings, By Chemistry Type
           7.4.1 Silicones
           7.4.2 Fluoropolymers
                    7.4.2.1 PTFE
                    7.4.2.2 PVDF
           7.4.3 Parylene

8 Medical Coatings Market, By Application (Page No. - 66)
    8.1 Introduction
    8.2 Medical Devices
    8.3 Medical Implants
           8.3.1 Orthopedic Implants
           8.3.2 Dental Implants
           8.3.3 Cardiovascular Implants
    8.4 Medical Equipment & Tools
    8.5 Others

9 Medical Coatings Market, By Region (Page No. - 72)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Western Europe
           9.3.1 Germany
           9.3.2 U.K.
           9.3.3 France
           9.3.4 Italy
           9.3.5 Spain
           9.3.6 Rest of Western Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 South Korea
           9.4.5 Australia
           9.4.6 Rest of Asia-Pacific
    9.5 Central & Eastern Europe
           9.5.1 Russia
           9.5.2 Turkey
           9.5.3 Poland
           9.5.4 Rest of Central & Eastern Europe
    9.6 RoW
           9.6.1 Brazil
           9.6.2 Saudi Arabia
           9.6.3 South Africa
           9.6.4 Other Countries of RoW

10 Competitive Landscape (Page No. - 136)
     10.1 Overview
     10.2 Product Benchmarking, By Five Market Players
     10.3 Market Share Analysis
     10.4 Competitive Situation and Trends
             10.4.1 Partnerships, Agreements & Collaborations, 2012–2016
             10.4.2 New Product Launches,2012-2016
             10.4.3 Expansions, 2012–2016
             10.4.4 Acquisitions,2012–2016

11 Company Profiles (Page No. - 145)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Royal DSM
     11.2 Surmodics Inc.
     11.3 Hydromer Inc.
     11.4 Precision Coatings Co. Inc.
     11.5 AST Products Inc.
     11.6 ABBott Laboratories
     11.7 Biocoat Inc.
     11.8 Covalon Technologies Ltd.
     11.9 Harland Medical Systems Inc.
     11.10 Specialty Coating Systems Inc.
     11.11 Other Market Players

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 167)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Related Reports
     12.5 Author Details

List of Tables (151 Tables)

Table 1 Market Segmentation of Medical Coatings, By Type
Table 2 Market Segmentation of Medical Coatings, By Application
Table 3 Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 4 Medical Coatings Market Size , By Coating Type, 2014–2021 (Kiloton)
Table 5 Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 6 Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 7 Medical Coatings Market Size, By Region, 2014–2021 (USD Million)
Table 8 Medical Coatings Market Size, By Region, 2014–2021 (Kiloton)
Table 9 North America: Medical Coatings Market Size, By Country, 2014–2021 (USD Million)
Table 10 North America: Medical Coatings Market Size, By Country, 2014–2021 (Kiloton)
Table 11 North America: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 12 North America: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 13 North America: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 14 North America: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 15 U.S.: Economic Outlook (2015)
Table 16 U.S.: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 17 U.S.: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 18 U.S.: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 19 U.S.: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 20 Canada : Economic Outlook (2015)
Table 21 Canada: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 22 Canada: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 23 Canada: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 24 Canada: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 25 Mexico: Economic Outlook (2015)
Table 26 Mexico: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 27 Mexico: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 28 Mexico: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 29 Mexico: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 30 Western Europe: Medical Coatings Market Size, By Country, 2014-2021 (USD Million)
Table 31 Western Europe: Medical Coatings Market Size, By Country, 2014-2021 (Kiloton)
Table 32 Western Europe: Medical Coatings Market Size, By Coating Type, 2014-2021 (USD Million)
Table 33 Western Europe: Medical Coatings Market Size, By Coating Type, 2014-2021 (Kiloton)
Table 34 Western Europe: Medical Coatings Market Size, By Application, 2014-2021 (USD Million)
Table 35 Western Europe: Medical Coatings Market Size, By Application, 2014-2021 (Kiloton)
Table 36 Germany: Economic Outlook (2015)
Table 37 Germany: Medical Coatings Market Size, By Coating Type, 2014-2021 (USD Million)
Table 38 Germany: Medical Coatings Market Size, By Coating Type, 2014-2021 (Kiloton)
Table 39 Germany: Medical Coatings Market Size, By Application, 2014-2021 (USD Million)
Table 40 Germany: Medical Coatings Market Size, By Application, 2014-2021 (Kiloton)
Table 41 U.K.: Economic Outlook (2015)
Table 42 U.K.: Medical Coatings Market Size, By Coating Type, 2014-2021 (USD Million)
Table 43 U.K.: Medical Coatings Market Size, By Coating Type, 2014-2021 (Kiloton)
Table 44 U.K.: Medical Coatings Market Size, By Application, 2014-2021 (USD Million)
Table 45 U.K.: Medical Coatings Market Size, By Application, 2014-2021 (Kiloton)
Table 46 France: Economic Outlook, 2015
Table 47 France: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 48 France: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 49 France: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 50 France: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 51 Italy: Economic Outlook, 2015
Table 52 Italy: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 53 Italy: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 54 Italy: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 55 Italy: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 56 Spain: Economic Outlook, 2015
Table 57 Spain: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 58 Spain: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 59 Spain: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 60 Spain: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 61 Rest of Western Europe: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 62 Rest of Western Europe: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 63 Rest of Western Europe: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 64 Rest of Western Europe: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 65 Asia-Pacific: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 66 Asia-Pacific: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 67 Asia-Pacific: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 68 Asia-Pacific: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 69 Asia-Pacific: Medical Coatings Market Size, By Country, 2014–2021 (USD Million)
Table 70 Asia-Pacific: Medical Coatings Market Size, By Country, 2014–2021 (Kiloton)
Table 71 China: Economic Outlook, 2015
Table 72 China: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 73 China: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 74 China: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 75 China: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 76 Japan: Economic Outlook, 2015
Table 77 Japan: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 78 Japan: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 79 Japan: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 80 Japan: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 81 India: Economic Outlook, 2015
Table 82 India: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 83 India: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 84 India: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 85 India: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 86 South Korea: Economic Outlook, 2015
Table 87 South Korea: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 88 South Korea: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 89 South Korea: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 90 South Korea: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 91 Australia: Economic Outlook, 2015
Table 92 Australia: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 93 Australia: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 94 Australia: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 95 Australia: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 96 Rest of Asia-Pacific: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 97 Rest of Asia-Pacific: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 98 Rest of Asia-Pacific: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 99 Rest of Asia-Pacific: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 100 Central & Eastern Europe: Medical Coatings Market Size, By Country, 2014–2021 (USD Million)
Table 101 Central & Eastern Europe: Medical Coatings Market Size, By Country, 2014–2021 (Kiloton)
Table 102 Central & Eastern Europe: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 103 Central & Eastern Europe: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 104 Central & Eastern Europe: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 105 Central & Eastern Europe: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 106 Russia: Economic Outlook (2015)
Table 107 Russia: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 108 Russia: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 109 Russia: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 110 Russia: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 111 Turkey: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 112 Turkey: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 113 Turkey: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 114 Turkey: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 115 Poland: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 116 Poland: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 117 Poland: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 118 Poland: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 119 Rest of Central & Eastern Europe: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 120 Rest of Central & Eastern Europe: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 121 Rest of Central & Eastern Europe: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 122 Rest of Central & Eastern Europe: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 123 RoW: Medical Coatings Market Size, By Country, 2014–2021 (USD Million)
Table 124 RoW: Medical Coatings Market Size, By Country, 2014–2021 (Kiloton)
Table 125 RoW: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 126 RoW: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 127 RoW: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 128 RoW: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 129 Brazil: Economic Outlook (2015)
Table 130 Brazil: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 131 Brazil: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 132 Brazil: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 133 Brazil: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 134 Saudi Arabia : Economic Outlook (2015)
Table 135 Saudi Arabia: Medical Coatings Market Size, By A Coating Type, 2014–2021 (USD Million)
Table 136 Saudi Arabia: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 137 Saudi Arabia: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 138 Saudi Arabia: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 139 South Africa: Economic Outlook (2015)
Table 140 South Africa : Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 141 South Africa : Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 142 South Africa: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 143 South Africa : Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 144 Other Countries of RoW: Medical Coatings Market Size, By Coating Type, 2014–2021 (USD Million)
Table 145 Other Countries of RoW: Medical Coatings Market Size, By Coating Type, 2014–2021 (Kiloton)
Table 146 Other Countries of RoW: Medical Coatings Market Size, By Application, 2014–2021 (USD Million)
Table 147 Other Countries of RoW: Medical Coatings Market Size, By Application, 2014–2021 (Kiloton)
Table 148 Partnerships, Agreements & Collaborations, 2012–2016
Table 149 New Product Launches, 2012–2016
Table 150 Expansions, 2012–2016
Table 151 Acquisitions, 2012–2016

List of Figures (42 Figures)

Figure 1 Medical Coatings: Market Segmentation
Figure 2 Years Considered for the Study
Figure 3 Medical Coatings Market: Research Design
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions
Figure 8 North America is Expected to Lead the Medical Coatings Market Till 2021
Figure 9 Medical Devices to Be the Largest Application of Medical Coatings
Figure 10 Hydrophilic Coatings Accounted for the Largest Market Share in 2015 (Kiloton)
Figure 11 Asia-Pacific to Register the Highest CAGR Between 2016 and 2021
Figure 12 Increasing Demand for Medical Devices is Driving the Medical Coatings Market
Figure 13 Hydrophilic Coatings Accounted for the Largest Share of the Market in 2015 (USD Million)
Figure 14 Medical Devices Segment to Register the Highest CAGR Between 2016 and 2021
Figure 15 Asia-Pacific to Be the Fastest-Growing Market Between 2016 and 2021
Figure 16 Medical Devices Accounted for the Largest Market Share in Asia-Pacific in 2015
Figure 17 Market Segmentation of Medical Coatings, By Region
Figure 18 Growing Demand for Implantable Devices to Drive the Market
Figure 19 Increasing World Population is Driving the Medical Coatings Market
Figure 20 Value Chain Analysis: Direct Distribution is the Most Preferred Strategy
Figure 21 Porter’s Five Forces Analysis
Figure 22 North America to Lead Hydrophobic Coatings Market Followed By Western Europe, in Terms of Value (2016–2021)
Figure 23 Medical Devices Application to Lead Medical Coatings Market, in Terms of Volume (2016–2021)
Figure 24 Central & Eastern Europe to Be Fastest-Growing Region for Medical Device Application (2016–2021)
Figure 25 Regional Snapshot (2016–2021): India and China are Emerging as Strategic Destinations
Figure 26 North American Market Snapshot: U.S. Accounted for the Largest Share in Medical Coatings Market, 2015
Figure 27 U.S.: Population Aged 65 and Above (1990–2050)
Figure 28 Asia-Pacific Market Snapshot (2015): Hydrophilic Coatings to Drive the Market
Figure 29 Companies Adopted New Product Launch as the Key Growth Strategy From 2012 to 2016
Figure 30 Hydromer Inc. and AST Products Inc. are Having Widest Product Portfolio in Medical Coating Market
Figure 31 Market Share Analysis: Top 5 Market Players
Figure 32 Maximum Developments Witnessed in 2013
Figure 34 Royal DSM: Company Snapshot
Figure 35 Royal DSM: SWOT Analysis
Figure 36 Surmodics Inc.: Company Snapshot
Figure 37 Surmodics: SWOT Analysis
Figure 38 Hydromer Inc.: Company Snapshot
Figure 39 Hydromer: SWOT Analysis
Figure 40 ABBott Laboratories: Company Snapshot
Figure 41 Biocoat Inc.: SWOT Analysis
Figure 42 Covalon Technologies Ltd.: Company Snapshot

The global medical coatings market is projected to grow at a CAGR of 7.04% from 2016 to reach USD 15.15 Billion by 2021. The market is highly driven by the awareness about healthcare acquired infections and minimally invasive surgery. Another prime factor that is expected to bring momentum to this market is the increasing ageing population globally and rising awareness about health-care and government initiatives to improve the quality of healthcare infrastructure especially in the emerging countries.

The global medical coatings market is broadly classified on the basis of coating types into hydrophilic and hydrophobic coatings. The hydrophilic coatings market is expected to grow at a high rate and CAGR from 2016 to 2021, in terms of value and volume. In addition to this, there are other types of coatings based on their performance and functions such as antimicrobial, protective, optical, lubricious, pharmacological and so on.

In terms of application, medical coatings are widely used to coat medical devices and implants. Medical devices captured the largest share of the market in 2015 and are expected to grow at the highest CAGR from 2016 to 2021. These coatings are majorly used in medical devices such as cardiovascular, optical, orthopedic, endoscopic, and radiology devices. Coatings used for various applications need to be compatible with the substrate on which these are applied and should be able to withstand the sterilization, cleaning, and other conditions in which the devices might be used.

North America accounted for the largest share of the global medical coatings market and is projected to continue leading the market during the forecast period while the Asia-Pacific region is projected to witness the highest CAGR during the forecast period due to the better lifestyles of the populations in the region. North America accounted for the largest share in 2015, due to rising aged population and focused interest of the government in providing quality healthcare facilities.

The rising cost of healthcare and low shelf life of some products act as a major restraint in the global medical coatings market. Also, the rising cost of coating raw materials, such as silicone rubber, polytetrafluoroethylene  (PTFE), and so on, are inhibiting the growth of the global medical coatings market to some extent. In order to overcome these restraints, governments are taking major steps and initiatives and many players are focusing on new and innovative product development and technologies, with the help of collaborations, partnerships and agreements as key strategies.

Market players such as Royal DSM (Netherlands), Hydromer Inc. (U.S.), Surmodics Inc. (U.S.), AST Products Inc. (U.S.), and Covalon Technologies Ltd. (Canada), Abbott Laboratories (U.S.), and Precision Coatings Inc. (U.S.) focus on expanding their regional reach. Other development strategies adopted by market players are, new product launches, agreements & collaborations, and mergers & acquisitions.

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