North America Medical Device Coating Market

The North America medical device coating market is expected to grow from US$ 3,122.30 million in 2022 to US$ 4,929.24 million by 2028. It is estimated to register a CAGR of 7.9% from 2022 to 2028.

High Prevalence of Hospital-Acquired Infections (HAIs) is Driving the North America Medical Device Coating Market

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 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, the increasing incidence of CAUTI stokes the demand for coated medical devices, thereby driving the North America medical device coating market.

Market Overview

The North America medical device coating market is segmented into the US, Canada, and Mexico. This is attributed to favorable healthcare resources and a rise in the frequency of cardiometabolic disorders such as pulmonary embolism (PE) and deep vein thrombosis (DVT), resulting in the adoption of medical device coating. Also, increase in COVID-19 cases, high adoption of advanced surgical treatments, and rise in healthcare infrastructure in the US are expected to boost the demand for medical device coating in the coming years. The US remains the largest medical device market globally, owing to the presence of more than 6,500 medical device companies comprising small and medium-sized enterprises (SMEs). The states in the US comprising the highest number of medical device companies involve California, Florida, New York, Pennsylvania, Michigan, Massachusetts, Illinois, Minnesota, and Georgia. Additionally, US medical device companies are highly recognized worldwide due to their innovative and high-technology products.

North America Medical Device Coating Market Revenue and Forecast to 2028 (US$ Million)

 

North America Medical Device Coating Strategic Insights

Strategic insights for the North America 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.

North America Medical Device Coating Report Scope

North America Medical Device Coating Regional Insights

The geographic scope of the North America 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.

North America Medical Device Coating Market Segmentation

 

The North 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 North 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 North 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 North 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 market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.

AST Products Inc, Biocoat Inc, Covalon Technologies Ltd, Formacoat LLC, Harland Medical Systems Inc, Hydromer Inc, Kisco Ltd, Koninklijke DSM NV, Precision Coating Company Inc, and Surmodics Inc are among the leading companies operating in the medical device coating market in the region.