Medical Coatings Market Share

Regionally, the global medical coatings industry is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is likely to account for largest revenue share by 2036, impelled by increasing number of hospitals, and growing investments to improve healthcare facilities in the region. Moreover, the market in North America is expected to grab the largest share during the forecast period ascribing to the rising adoption of advanced surgical treatments. In addition, high healthcare spending, and strong presence of market players in the region are also projected to drive market growth significantly in the near future. As per the Centers for Medicare & Medicaid Services, the healthcare spending in the United States grew 9.7% in 2020, reaching USD 4.1 trillion or USD 12,530 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 19.7%.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of medical coatings is assessed at USD 5.08 billion.

Medical Coatings Market size was valued at USD 4.71 billion in 2023 and is anticipated to reach USD 15.69 billion by 2036, registering around 9.7% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by increasing awareness associated with healthcare-related infections (HCAI), and growing usage of minimally invasive surgical procedures globally.

Asia Pacific industry is likely to account for largest revenue share by 2036, impelled by increasing number of hospitals, and growing investments to improve healthcare facilities in the region.

The major players in the market are Koninklijke DSM N.V., Biocoat Inc., Endura Coatings, Freudenberg Medical LLC, and others.

Medical Coatings Market Share