Medical Grade Coatings Market: By Material (Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), Silicone, Parylene, Metals and Others), By Formulation (Solvent-Based and Water-Based), By Application (Cardiovascular, Dentistry, Gynaecology, Neurology, Orthopaedics and Others) and Geography  

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Medical Grade Coatings Market size was valued at USD 7.2 billion in 2023 and is poised to grow at a CAGR of 10.8% from 2024-2030. Factors such as increasing demand for medical devices, benefits of medical grade coatings, rising disposable incomes of the global population, and rising demand for coatings from medical devices are some factors influencing the market growth. Based on material, polytetrafluoroethylene (PTFE) segment accounted for a larger market revenue share in 2020 and projected to gain market revenue share over the forecast period. However, stringent regulatory policies and time-consuming regulatory approvals are inhibiting the market growth. 

Global Medical Grade Coatings Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

10.8%

Largest Market

North America

Fastest Growing Market

North America

Medical Grade Coatings Market Dynamics

Market dynamics are changing the medical device market in unprecedented ways. Over the years, the aging population in developed countries, declining birth rates and higher life expectancy and the rise of chronic diseases around the globe have been major demand drivers for medical devices. Demand is further generated thanks to the ever-expanding market geography, changing roles of patients and decision-makers, technological advancements, and increased data availability. There has been a huge growth in the application of coatings onto medical devices in the last few years. These coatings improves the durability of the equipment and offer outstanding thermal stability, dry-film lubricity and dielectric properties which create substantial market growth over the forecast period. Hence, increasing demand for medical devices is fueling the market growth.

Global Medical Grade Coatings Market Segmentation

By Material

  • Polytetrafluoroethylene (PTFE)
  • Polyvinylidene fluoride (PVDF)
  • Silicone
  • Parylene
  • Metals
  • Others
  • Fluorinated Ethylene Propylene (FEP)
  • Perfluoroalkoxy Alkanes (PFA)

By Formulation

  • Solvent-Based
  • Water-Based

By Application

  • Cardiovascular
  • Dentistry
  • Gynaecology
  • Neurology
  • Orthopaedics
  • Others
  • Paediatrics
  • Ophthalmology

Frequently Asked Questions

The Medical Grade Coatings Market Size was valued at USD 7.2 billion in 2023

The Medical Grade Coatings Market Key Players are Aculon Inc (U.S) AST Products Inc (U.S) Biocoat Inc (England) Covalon Technologies Ltd (Canada) Harland Medical Systems Inc (U.S) Hydromer Inc (U.S) Medicoat Ag (Switzerland)

The Medical Grade Coatings Market Regions are North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  1. Executive Summary
  2. Global Medical Material Coatings Market Introduction
    • Global Medical Material Coatings Market Taxonomy
    • Global Medical Material Coatings Market Definitions
      • Material
      • Formulation
      • Application
  3. Global Medical Material Coatings Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Medical Material Coatings Market Dynamic Factors - Impact Analysis
    • Global Medical Material Coatings Market Competition Landscape
  4. Global Medical Material Coatings Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
    • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Medical Material Coatings Market, By Material, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
    • Polytetrafluoroethylene (PTFE)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polyvinylidene fluoride (PVDF)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Silicone
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Parylene
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Metals
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Fluorinated Ethylene Propylene (FEP)
        • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Perfluoroalkoxy Alkanes (PFA)
        • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
  1. Global Medical Material Coatings Market, By Formulation, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
    • Solvent-Based
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Water-Based
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Material Coatings Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030
    • Cardiovascular
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Dentistry
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Gynaecology
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Neurology
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Orthopaedics
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Paediatrics
        • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Ophthalmology
        • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
  1. Global Medical Material Coatings Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
    • North America
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Medical Material Coatings Market - Opportunity Analysis Index, By Material, Formulation, Application and Region, 2024 - 2030
  2. North America Medical Material Coatings Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
    • Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polytetrafluoroethylene (PTFE)
      • Polyvinylidene fluoride (PVDF)
      • Silicone
      • Parylene
      • Metals
      • Others
        • Fluorinated Ethylene Propylene (FEP)
        • Perfluoroalkoxy Alkanes (PFA)
      • Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Solvent-Based
        • Water-Based
      • Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cardiovascular
        • Dentistry
        • Gynaecology
        • Neurology
        • Orthopaedics
        • Others
          • Paediatrics
          • Ophthalmology
        • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • US.
          • Canada
        • North America Medical Material Coatings Market - Opportunity Analysis Index, By Material, Formulation, Application and Country, 2024 - 2030
        • North America Medical Material Coatings Market Dynamics Trends
  1. Europe Medical Material Coatings Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
    • Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polytetrafluoroethylene (PTFE)
      • Polyvinylidene fluoride (PVDF)
      • Silicone
      • Parylene
      • Metals
      • Others
        • Fluorinated Ethylene Propylene (FEP)
        • Perfluoroalkoxy Alkanes (PFA)
      • Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Solvent-Based
        • Water-Based
      • Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cardiovascular
        • Dentistry
        • Gynaecology
        • Neurology
        • Orthopaedics
        • Others
          • Paediatrics
          • Ophthalmology
        • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Germany
          • UK
          • France
          • Spain
          • Italy
          • Russia
          • Poland
          • Rest of Europe
        • Europe Medical Material Coatings Market - Opportunity Analysis Index, By Material, Formulation, Application and Country, 2024 - 2030
        • Europe Medical Material Coatings Market Dynamics Trends
  1. Asia-Pacific Medical Material Coatings Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
    • Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polytetrafluoroethylene (PTFE)
      • Polyvinylidene fluoride (PVDF)
      • Silicone
      • Parylene
      • Metals
      • Others
        • Fluorinated Ethylene Propylene (FEP)
        • Perfluoroalkoxy Alkanes (PFA)
      • Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Solvent-Based
        • Water-Based
      • Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cardiovascular
        • Dentistry
        • Gynaecology
        • Neurology
        • Orthopaedics
        • Others
          • Paediatrics
          • Ophthalmology
        • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Japan
          • China
          • India
          • ASEAN
          • Australia & New Zealand
          • Rest of Asia-Pacific
        • Asia-Pacific Medical Material Coatings Market - Opportunity Analysis Index, By Material, Formulation, Application and Country, 2024 - 2030
        • Asia-Pacific Medical Material Coatings Market Dynamics Trends
  1. Latin America Medical Material Coatings Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
    • Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polytetrafluoroethylene (PTFE)
      • Polyvinylidene fluoride (PVDF)
      • Silicone
      • Parylene
      • Metals
      • Others
        • Fluorinated Ethylene Propylene (FEP)
        • Perfluoroalkoxy Alkanes (PFA)
      • Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Solvent-Based
        • Water-Based
      • Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cardiovascular
        • Dentistry
        • Gynaecology
        • Neurology
        • Orthopaedics
        • Others
          • Paediatrics
          • Ophthalmology
        • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Brazil
          • Mexico
          • Argentina
          • Venezuela
          • Rest of Latin America
        • Latin America Medical Material Coatings Market - Opportunity Analysis Index, By Material, Formulation, Application and Country, 2024 - 2030
        • Latin America Medical Material Coatings Market Dynamics Trends
  1. Middle East and Africa Medical Material Coatings Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
    • Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polytetrafluoroethylene (PTFE)
      • Polyvinylidene fluoride (PVDF)
      • Silicone
      • Parylene
      • Metals
      • Others
        • Fluorinated Ethylene Propylene (FEP)
        • Perfluoroalkoxy Alkanes (PFA)
      • Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Solvent-Based
        • Water-Based
      • Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cardiovascular
        • Dentistry
        • Gynaecology
        • Neurology
        • Orthopaedics
        • Others
          • Paediatrics
          • Ophthalmology
        • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Gulf Cooperation Council (GCC) Countries
          • Israel
          • South Africa
          • Rest of MEA
        • MEA Medical Material Coatings Market - Opportunity Analysis Index, By Material, Formulation, Application and Country, 2024 - 2030
        • MEA Medical Material Coatings Market Dynamics Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Material & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Aculon Inc (U.S)
      • AST Products Inc (U.S)
      • Biocoat Inc (England)
      • Covalon Technologies Ltd (Canada)
      • Harland Medical Systems Inc (U.S)
      • Hydromer Inc (U.S)
      • Medicoat Ag (Switzerland)
      • Medtronic (Ireland)
      • Precision Coating Co. Inc (U.S)
      • Royal DSM (Netherlands)
      • Specialty Coatings Systems Inc (U.S)
      • Surmodics Inc (U.S)
  2. Research Methodology
  3. Key Assumptions and Acronyms
  • Aculon Inc  (U.S)
  • AST Products Inc  (U.S)
  • Biocoat Inc  (England)
  • Covalon Technologies Ltd  (Canada)
  • Harland Medical Systems Inc  (U.S)
  • Hydromer Inc  (U.S)
  • Medicoat Ag  (Switzerland)
  • Medtronic (Ireland)
  • Precision Coating Co. Inc  (U.S)
  • Royal DSM  (Netherlands)
  • Specialty Coatings Systems Inc  (U.S)
  • Surmodics Inc  (U.S)

Adjacent Markets