Product ID: UCMIG35A2373
Medical Device Coating Market Size, Share, Growth Analysis, By Product(Hydrophilic Coatings, Antimicrobial Coatings), By Application(Neurology, Orthopedics), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG35A2373 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Medical Device Coating Market Insights
Market Overview:
The global medical device coating market was valued at USD 9.99 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2020 to 2027. The market growth is being driven by the rising demand for a range of medical devices, including ventilators, cardiovascular devices, catheters, sutures, guide wires, stents, syringes, mandrels, and other protective devices used in the medical sector. This demand is being fueled by increasing government expenditures and the rising number of COVID-19 cases across the globe. These factors are expected to continue driving the growth of the medical device coating market.
Medical Device Coating Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Medical Device Coating Market Report Snapshots
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