South America Medical Device Coating Market

The South America medical device coating market is expected to grow from US$ 565.12 million in 2022 to US$ 852.89 million by 2028. It is estimated to grow at a CAGR of 7.1% from 2022 to 2028.

High Prevalence of Hospital-Acquired Infections (HAIs) is Driving the South 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 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.    

South America Medical Device Coating Market Overview

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

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

South America Medical Device Coating Strategic Insights

Strategic insights for the South 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.

South America Medical Device Coating Report Scope

South America Medical Device Coating Regional Insights

The geographic scope of the South 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.

South America Medical Device Coating Market Segmentation

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.