Medical device coating market to reach USD 12,818.01M by 2028

The leading players of medical device coating market are making moves like product launches, joint ventures, developments, mergers, and acquisitions which is affecting the market and Healthcare industry as a whole and also affecting the sales, import, export, revenue and CAGR values. The wide ranging Medical Device Coating market report is a professional and a detailed market study focusing on primary and secondary drivers, market share, leading segments and geographical analysis. The report also includes a comprehensive evaluation of the market’s growth prospects and restrictions. Besides, the large scale medical device coating market analysis report gives insights into revenue growth and sustainability initiative.

The global medical device coating market is expected to grow from US$ 7,644.09 million in 2021 to US$ 12,818.01 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2022 to 2028. The high prevalence of healthcare associated infections (HAIs) drives the market growth.

Medical device coating market scenario
Catheter-associated urinary tract infection (CAUTI) is caused by urinary catheters that are placed to drain urine from the bladder. CAUTI is one of the most common infections among UTIs acquired in the hospital. As per the Centers for Disease Control and Prevention (CDC) report published in 2020, approx.75% of infections are associated with a urinary catheter during their hospital stays. Prolonged discomfort, longer hospital stays, increased treatment expenses, and even mortalities are among the complications associated with CAUTI.

The Key Companies Profiled in the Medical Device Coating Market are : Koninklijke DSM NV, Hydromer Inc, Surmodics Inc, Biocoat Inc, AST Products Inc, Covalon Technologies Ltd, Harland Medical Systems Inc, Precision Coating Company Inc, Kisco Ltd, Formacoat LLC among other domestic and global players.

Global medical device coating market scope and market size:
North America holds the largest share of the medical device coating market, whereas Asia Pacific is the fastest-growing region.

Asia Pacific is likely to register the highest CAGR in the medical device coating market during the forecast period. The Asia Pacific medical device coating market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific.

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Regional outlook of global medical device coating market:

• North America (U.S., Canada and Mexico)
• Rest of Europe in Europe (Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain and Turkey)
• Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC) (China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines)

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