Report : Europe Medical Device Coating Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Device Material Type (Polymer, Metal, and Others), Devices (Medical Equipment and Tools, Medical Devices, Medical Implant, and Others), Coating (Hydrophilic Coating, Anti-Microbial Coating, Drug-Eluting Coating, Anti-Thrombogenic Coating, and Others), and Application (Infection Diseases, General Surgery, Orthopedic, Neurology, and Others)
At 7.4% CAGR, the Europe Medical Device Coating Market is speculated to be worth US$ 3,509.69 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe medical device coating market was valued at US$ 2,281.44 million in 2022 and is expected to reach US$ 3,509.69 million by 2028, registering a CAGR of 7.4% from 2022 to 2028. High prevalence of hospital-acquired infections (HAIs) and rising demand for medical devices in surgical and diagnostics procedures are the critical factors attributed to the Europe medical device coating market expansion.
Urinary tract infections, central line-associated bloodstream infections, and ventilator-associated pneumonia are among the healthcare-associated infections. 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, approximately 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 the complications associated with CAUTI. As per CDC, nearly 13,000 deaths annually are associated with UTIs. Thus, increasing incidences of CAUTI stokes the demand for coated medical devices.
On the contrary, complications associated with medical device coatings and frequent product recalls hurdles the growth of Europe medical device coating market.
- Based on material type, the Europe medical device coating market is segmented into polymers, metals, and others. The metals segment held 50.5% market share in 2022, amassing US$ 1,152.39 million. It is projected to garner US$ 1,722.47 million by 2028 to expand at 6.9% CAGR during 2022–2028.
- Based on devices, the Europe medical device coating market is segmented into medical equipment and tools, medical devices, medical implants, and others. The medical devices segment held 40.9% market share in 2022, amassing US$ 933.23 million. It is projected to garner US$ 1,458.67 million by 2028 to expand at 7.7% CAGR during 2022–2028.
- Based on coating, the Europe medical device coating market is segmented into hydrophilic coatings, anti-microbial coatings, drug-eluting coatings, anti-thrombogenic coatings, and others. The hydrophilic coating segment held 33.7% market share in 2022, amassing US$ 769.94 million. It is projected to garner US$ 1,222.02 million by 2028 to expand at 8.0% CAGR during 2022–2028.
- Based on application, the Europe medical device coating market is segmented into infectious diseases, neurology, orthopedics, general surgery, and others. The others segment held 31.0% market share in 2022, amassing US$ 708.00 million. It is projected to garner US$ 1,110.61 million by 2028 to expand at 7.8% CAGR during 2022–2028.
- Based on country, the Europe medical device coating market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 24.4% market share in 2022. It was assessed at US$ 555.78 million in 2022 and is likely to hit US$ 876.02 million by 2028, exhibiting a CAGR of 7.9% during the forecast period.
Key players dominating the Europe medical device coating market are Covalon Technologies Ltd, Harland Medical Systems Inc, Hydromer Inc, Kisco Ltd, Koninklijke DSM NV, and Surmodics Inc, among others.
- In 2022, Harland Medical Systems, Inc. announced the release of the CTS1100 Coating Thickness Testing System at MD&M West. As a testing system, the CTS1100 allows medical device manufacturers to accurately and easily measure coating thickness on their devices.
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