Europe Medical Device Coating Market

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 Strategic Insights

Strategic insights for the Europe Medical Device Coating provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Medical Device Coating Report Scope

Europe Medical Device Coating Regional Insights

The geographic scope of the Europe Medical Device Coating refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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.