The continuous research in medical device development has offered new innovative coating varieties. Product innovation and strategic activities by key market players create ample opportunities to step into new application areas. For instance, in August 2020, Hydromer partnered with N8 Medical to supply coatings to manufacture CeraShield endotracheal tubes. These tubes play a crucial role in the treatment of COVID-19 patients. This development exhibits the company's active involvement in the medical device coatings market. Also, in February 2020, Biocoat launched HYDAK UV. The new version of its original HYDAK coating is designed to be cured using ultraviolet (UV) light. This coating allows for flexible integration with industry-standard UV coating systems. Thus, an increase in medical device coating product launches and various organic and inorganic developments are expected to provide lucrative opportunities for the Middle East & Africa medical device coating market growth.
The Middle East & Africa medical device coating market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East & Africa. South Africa is expected to register the highest CAGR in the region during the forecast period. The market growth is attributed to various factors such as significant development in healthcare facilities; the high adoption rate of medical devices; the geographical expansion of market players; and the rise in the prevalence of various disorders, including orthopedic disorders, cardiovascular disorders, and general surgery. Additionally, increase in public awareness and rise in healthcare expenditure in the region are expected to contribute to the market growth. Saudi Arabia is witnessing substantial developments in the healthcare industry. However, the number of hospital–acquired infections (HAIs) is growing in Saudi Arabia. With the surge in the usage of implants and medical devices, the demand for medical device coatings is increasing to overcome HAIs and surgical site infections. Furthermore, public organizations and the Saudi Arabia government have initiated programs to improve healthcare services by enhancing medical device coatings for better patient outcomes. In the last few years, the private sector has played an important role in the healthcare system in the country, owing to the rising investment, which helps in the timely delivery of healthcare services to numerous patients. For instance, the government of Saudi Arabia has launched the Saudi Vision 2030 program to reduce oil dependence and diversify other sectors, including healthcare.
The Middle East & Africa medical device coating market is segmented into material type, devices, coating, application, and country. Based on material type, the Middle East & Africa medical device coating market is segmented into polymers, metals, and others. The metals segment registered the largest market share 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 Middle East & Africa medical device coating market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 392.10 Million |
| Market Size by 2028 | US$ 581.12 Million |
| CAGR (2022 - 2028) | 6.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Device Material Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Medical Device Coating Market is valued at US$ 392.10 Million in 2022, it is projected to reach US$ 581.12 Million by 2028.
As per our report Middle East & Africa Medical Device Coating Market, the market size is valued at US$ 392.10 Million in 2022, projecting it to reach US$ 581.12 Million by 2028. This translates to a CAGR of approximately 6.8% during the forecast period.
The Middle East & Africa Medical Device Coating Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Medical Device Coating Market report:
The Middle East & Africa Medical Device Coating Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Medical Device Coating Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Medical Device Coating Market value chain can benefit from the information contained in a comprehensive market report.
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