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, thereby driving the South America medical device coating market.
The South America medical device coating market exhibits growth opportunities with progressive developments in Brazil, such as growing medical tourism and increasing number of government initiatives to create awareness about available healthcare products. These factors are stimulating the growth of the medical device coating market in this region. Brazil dominated the South America medical device coating market. There is high demand for medical devices in Brazil. The rising prevalence of hospital-acquired infections (HAIs) and accelerating demand for medical devices in surgical and diagnostic procedures are two main factors responsible for the high demand for medical devices. According to the International Trade Administration report, in 2020, Brazil increased imports of medical devices by 12.9%, reaching US$ 6.2 billion. Additionally, imported medical devices represent 80% of the market in Brazil, standing 14th largest market in medical device coating. Brazil's medical device market regulator The Brazilian Health Regulatory Agency (ANVISA) announced changes in the resolution of the Collegiate Board of Directors (RDC) 185/2001
The South America 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 South America 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 South America 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 South America 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 South America medical device coating market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the 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 South America medical device coating market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 565.12 Million |
| Market Size by 2028 | US$ 852.89 Million |
| CAGR (2022 - 2028) | 7.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Device Material Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Medical Device Coating Market is valued at US$ 565.12 Million in 2022, it is projected to reach US$ 852.89 Million by 2028.
As per our report South America Medical Device Coating Market, the market size is valued at US$ 565.12 Million in 2022, projecting it to reach US$ 852.89 Million by 2028. This translates to a CAGR of approximately 7.1% during the forecast period.
The South America 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 South America Medical Device Coating Market report:
The South America Medical Device Coating Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Medical Device Coating Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Medical Device Coating Market value chain can benefit from the information contained in a comprehensive market report.
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