The Europe medical device coating market in Europe is expected to grow from US$ 2,281.44 million in 2022 to US$ 3,509.69 million by 2028. It is estimated to register a CAGR of 7.4% from 2022 to 2028.
Rising Demand for Medical Devices in Surgical and Diagnostics Procedures is Boosting the Europe Medical Device Coating Market
Medical devices are required for various invasive and minimally invasive surgical and diagnostic procedures such as laparoscopy, biopsy, and endoscopy. Laparoscopic ureterolithotomy, a process of removing stones from the ureter, is performed using a laparoscope and catheters. The use of coated medical devices significantly reduces the time taken for cardiac and urinary catheterization. Coatings prevent infections during biopsy, excision, and cryotherapic diagnostic procedures where contact between medical devices and the body is integral. Besides, coated medical devices are significantly cost-effective. According to the WHO, an estimated 2 million types of medical devices are categorized into more than 7,000 generic groups. Disposable medical devices, such as cannulas, blades, anvils, triggers, diagnostic probes, and guide wires, need coatings for anti-infectious procedures and maneuverability improvement. The diagnosis and treatment of abdominal pain, kidney stones, varicose veins, and intestinal infections are increasing, demanding coated medical devices. As per the American Cancer Society, the number of carcinogenic cases is going to hit 27.5 million by 2040, leaping from the previous figure of 17.0 million in 2018. Such rising cases of diseases demanding medical devices for surgical procedures are propelling the growth of the Europe medical device coating market.
Europe Medical Device Coating Market Overview
The Europe medical device coating market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Europe occupies the second position in the global medical device coating market. It is anticipated to register a significant growth rate over the forecast period. This is mainly due to the rising incidence of chronic infectious diseases acting as a standalone factor responsible for growth. Also, top players such as PPG Industries, Nippon Paint Company, Akzonobel, Dow Chemical Company, Sherwin Williams, Axalta Coating Systems, and BASF SE have manufacturing bases in Europe, which is driving the overall market in Europe. According to the Germany Trade & Invest (GTAI) report, the German medical technology industry comprises majorly small and medium-sized enterprises with highly innovative products, generating a significant share from exports. In 2018, ~1,300 medical device manufacturers generated more than US$ 29.75 billion from sales. Further, there has been enormous growth in the application of coatings in medical devices in the past few years. Medical device coating product innovations in Germany involve coating from hydroxyapatite in enhancing cell attachment intended for orthopedic implants to antimicrobial silver coatings for catheters, drug-eluting coatings on stents and blood-compatible coatings are a few such examples. Also, various competitors in Germany are manufacturing medical device coating products to be used during surgeries. For instance, Germany-based Tixx Coatings Ltd. specializes in "Parylene Coatings" for medical devices.
Europe Medical Device Coating Market Revenue and Forecast to 2028 (US$ Million)
Europe Medical Device Coating Market Segmentation
The Europe medical device coating market is segmented into material type, devices, coating, application, and country. Based on material type, the market is segmented into polymers, metals, and others. The metals segment registered the largest market share in 2022.
- 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 registered the largest market share in 2022.
- 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 coatings segment registered the largest market share in 2022.
- Based on application, the Europe medical device coating market is segmented into infectious diseases, neurology, orthopedics, general surgery, and others. The others segment registered the largest market share in 2022.
- Based on country, the Europe medical device coating market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Germany dominated the market in 2022.
Covalon Technologies Ltd, Harland Medical Systems Inc, Hydromer Inc, Kisco Ltd, Koninklijke DSM NV, and Surmodics Inc are among the leading companies operating in the Europe medical device coating market.
Europe Medical Device Coating Market Strategic Insights
Europe Medical Device CoatingMarket Report Highlights
| Report Attribute | Details |
| Market size in 2022 | US$ 2,281.44 Million |
| Market Size by 2028 | US$ 3,509.69 Million |
| CAGR (2022 - 2028) | 7.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Device Material Type
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
|
Europe Medical Device Coating Market Country and Regional Insights
