Medical Coatings Market Size

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. In the year 2024, the industry size of medical coatings is assessed at USD 5.08 billion. The growth of the market can be attributed to the increasing awareness related to healthcare-associated infections (HCAI), and growing usage of minimally invasive surgical procedures globally. In 2018, robot-assisted surgeries accounted for more than 13% of all the general surgeries performed in the world, up from about 2% in the year 2012.

Along with these, rising demand for lightweight medical equipment that can navigate through complex procedures is also expected to drove market growth in the upcoming years. Furthermore, high requirement for quality healthcare, and escalating government expenditures in healthcare in developing nations are projected to offer lucrative opportunities to the market in the near future.

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 Size