The Medical Device Coating Market size was valued at USD 13.20 billion in 2022. It is estimated to hit USD 24.25 billion by 2030 and grow at a CAGR of 7.9% over the forecast period of 2023-2030.
The demand for medical device coatings has increased due to the rising prevalence of chronic diseases and the rising aging population. Additionally, advancements in medical technology have led to the development of innovative medical devices that require specialized coatings to ensure optimal functionality. The primary purpose of medical device coatings is to provide protection against corrosion, wear, and friction, thereby extending the lifespan of the devices. These coatings also facilitate the reduction of bacterial adhesion, preventing infections and promoting better patient care. Furthermore, medical device coatings can enhance biocompatibility, ensuring compatibility with the human body and minimizing adverse reactions. To ensure compliance with stringent regulatory standards, medical device coatings undergo rigorous testing and evaluation processes. This ensures that the coatings meet the necessary safety and performance requirements before they are approved for use in medical devices. Additionally, ongoing research and development efforts are focused on improving the properties and functionalities of these coatings, further driving market growth.
.png)
Get E-PDF Sample Report on Medical Device Coating Market - Request Sample Report
The antimicrobial coatings sub-segment dominated the coating type segment with a revenue share of about 33.5% in 2022. This is attributed to their competitive pricing and exceptional compatibility with a wide range of device materials, including composite materials, carbon fiber, metal, stainless steel, and plastic. Furthermore, this segment is poised for further growth due to the increasing research and development efforts and the increasing utilization of implantable devices. The prevalence of healthcare-associated infections (HAIs), such as pneumonia associated with ventilators and catheter-related urinary tract infections, has compelled medical device manufacturers to incorporate antimicrobial agents into their products.
The cardiovascular application segment dominated the medical device coatings in 2022 with a revenue share of more than 27.5% of the overall revenue. This is owing to the surging popularity of cardiac pacemakers and implants, which have witnessed a significant rise in demand. Furthermore, the growth of this segment is fueled by the increasing need for drug-eluting coatings utilized in coronary stents. Several factors contribute to the flourishing cardiovascular application segment. Firstly, the expanding geriatric population, coupled with the prevalence of unhealthy dietary habits and sedentary lifestyles, has led to a surge in the occurrence of cardiovascular diseases (CVDs). This alarming trend necessitates the development and utilization of advanced medical device coatings to combat these diseases effectively.
Drivers
Increasing demand for minimally invasive surgeries
Rising prevalence of chronic diseases
The growing preference for minimally invasive procedures has increased the demand for coated medical devices, as they offer improved biocompatibility and reduced risk of infection. Moreover, the rising incidence of chronic diseases, such as cardiovascular disorders and cancer, has propelled the demand for medical devices, thereby driving the growth of the coating market. The market is anticipated to experience significant growth owing to the increasing demand for medical devices, specifically implants, as well as robotic and minimally invasive surgical procedures. These advanced devices necessitate the utilization of high-performance and biocompatible specialty coatings to fulfill their clinical, engineering, and operational requirements, encompassing quality, cost, and delivery aspects.
Restrain
High cost associated with the development and manufacturing of advanced coatings
As compared to conventional coatings, the price of antimicrobial coatings is relatively higher. But, there is a potential risk associated with these types of coatings. These risks include fluctuations in raw material prices, disruptions in supplier production, and capacity constraints. Factors such as increasing energy costs, supply disturbances, or the unavailability of specific raw materials can lead to significant damage to manufacturing capabilities or imbalances in the supply chain. Ultimately, these challenges can have a material adverse effect on a manufacturer's business and financial conditions, thereby restricting market growth.
Opportunities
Rising demand for implantable medical devices, such as orthopedic implants and cardiovascular stents
Increasing number of geriatric population and the subsequent rise in age-related diseases
Challenges
Stringent regulatory framework governing the approval and commercialization of medical device coatings
The Russia-Ukraine war has severely disrupted supply chains, leading to a scarcity of raw materials required for medical device coatings. As a result, manufacturers are grappling with increased production costs and delays in meeting customer demands. This has created a major effect throughout the market, impacting the availability and affordability of medical devices. The conflict has also introduced regulatory uncertainties, as both Russia and Ukraine have implemented new policies and regulations to safeguard their respective interests. This has added complexity to the already stringent regulatory landscape, making it challenging for medical device coating companies to navigate and comply with the evolving requirements. Consequently, this has hindered market growth and innovation.
The recession has caused a decline in the number of medical procedures performed, resulting in reduced sales of medical devices. This has directly impacted the demand for medical device coatings. With decreased sales, medical device coating companies have faced the challenge of maintaining profitability. The reduced demand has led to increased competition, forcing companies to lower their prices, thereby reducing profit margins. Detailed analysis is mentioned in the final report.
By Coating Type
Antimicrobial Coatings
Hydrophilic Coatings
Anti-thrombogenic Coatings
Drug-eluting Coatings
Others
By Product
Implants
Catheters
Electrosurgical Instruments
Stents
Others
By Material
Metallic
Non-metallic
By Application
Neurology
General Surgery
Cardiovascular
Orthopedics
Gynecology
Dentistry
Others
.png)
Get Customized Report as Per Your Business Requirement - Request For Customized Report
North America dominated the Medical Device Coating Market with the highest revenue share of about 43.25% in 2022. This growth is mainly attributed to its favorable healthcare resources and the rising incidence of cardiometabolic disorders, such as Deep Vein Thrombosis and Pulmonary Embolism. Additionally, the United States' growing healthcare infrastructure and high adoption rate of advanced surgical treatments are expected to drive product demand in the coming years. The region's dominance is further supported by the presence of various healthcare facilities, including diagnostic centers, and substantial investments in healthcare research and development. Several factors contribute to the market expansion in North America. The increasing use of medical devices, such as catheters, ventilators, and stents, in healthcare centers due to rising hospitalizations, advancements in medical technology, and the growing demand for home healthcare, plays a significant role. Furthermore, the growing export of medical devices and the rising prevalence of chronic diseases among the elderly population and infections have further fueled the use of these medical devices, contributing to the market's growth. North America stands out with the highest concentration of medical coating manufacturers compared to other regions. Some companies strategically collaborate with manufacturers, driving market growth. Strong partnerships between the US and Canadian medical device industries, facilitated by their similar quality standards, geographic proximity, and safety regulations, stimulate the growth of North America's medical coatings market.
Asia Pacific is expected to grow with a high CAGR of about 8.4% in the Medical Device Coating Market during the forecast period. This growth is attributed to the increasing demand for advanced healthcare facilities and the rising number of hospitals in the region. Furthermore, the growing elderly population and the increasing cases of obesity, which are associated with a higher risk of cardiac diseases, are expected to drive the demand for medical device coatings in the coming years. Additionally, the expanding home healthcare market and the ease of access to private health insurance will further contribute to the growth of the industry. Asia-Pacific faces the highest burden of elderly individuals with chronic conditions, leading to a rise in hospital admissions and the need for various medical devices such as diagnostic and surgical instruments, stents, and guidewires, among others. Non-communicable diseases, particularly cardiovascular diseases, diabetes, cancer, and chronic respiratory diseases, are responsible for a significant number of deaths in the region, particularly in the Western Pacific and Southeast Asia. Liver cancer, in particular, accounts for more than 75% of global cases in Asia, with Hong Kong and China alone contributing to 57% of new diagnoses. Moreover, major Asian countries also have a high prevalence of hepatitis B, which causes liver inflammation. The increasing prevalence of these diseases consequently leads to a rise in hospital admissions across the region, thereby driving the demand for medical devices.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are DSM, Infinita Biotech Pvt. Ltd., Sono-Tek Corp, Covalon Technologies Ltd., SurModics Inc., Materion Corp., Hydromer Inc., Specialty Coating Systems, Precision Coating Company Inc., Axalta Coating Systems, and other key players mentioned in the final report.
In Oct 2023, Surmodics, Inc., a global leader in medical device coating technologies, announced the commercial launch of its most advanced hydrophilic medical device coating technology, Preside™ hydrophilic coatings.
In May 2023, Precision Coating announced the acquisition of Providence Texture, LLC in Smithfield, RI. This acquisition brings innovative surface technologies, a knowledgeable team, and the ability to integrate laser technology into Precision Coating's current portfolio of coatings and surface treatments, which includes ion implantation, anodic coatings, and fluoropolymer coatings.
In March 2022, DSM Biomedical and Svelte Medical Systems collaborated to develop DISCREET Bioresorbable Coating Technology for use with SLENDER IDS® and DIRECT RX® Bioresorbable Coated Drug-Eluting Stent (DES) Systems.
In July 2021, Sono-Tek Corporation, the leading developer and manufacturer of ultrasonic coating systems, announced the launch of a new program for the development of Roll-to-Roll coating equipment. This equipment is specifically designed for the high-volume manufacturing of proton-exchange membrane (PEM) fuel cells.
| Report Attributes | Details |
| Market Size in 2022 | US$ 13.20 Bn |
| Market Size by 2030 | US$ 24.25 Bn |
| CAGR | CAGR of 7.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Coating Type (Antimicrobial Coatings, Hydrophilic Coatings, Anti-thrombogenic Coatings, Drug-eluting Coatings, and Others) • By Product (Implants, Catheters, Electrosurgical Instruments, Stents, and Others) • By Material (Metallic and Non-metallic) • By Application (Neurology, General Surgery, Cardiovascular, Orthopedics, Gynecology, Dentistry, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | DSM, Infinita Biotech Pvt. Ltd., Sono-Tek Corp, Covalon Technologies Ltd., SurModics Inc., Materion Corp., Hydromer Inc., Specialty Coating Systems, Precision Coating Company Inc., Axalta Coating Systems |
| Key Drivers | • Increasing demand for minimally invasive surgeries • Rising prevalence of chronic diseases |
| Market Restraints | • High cost associated with the development and manufacturing of advanced coatings |
Ans: The Medical Device Coating Market was valued at USD 13.20 billion in 2022.
Ans: The expected CAGR of the global Medical Device Coating Market during the forecast period is 7.9%.
Ans: Europe is expected to grow with a CAGR of about 8.2% in the Medical Device Coating Market during the forecast period of 2023-2030.
Ans: DSM, Hydromer Inc., Infinita Biotech Pvt. Ltd., Axalta Coating Systems Sono-Tek Corp, Materion Corp., Covalon Technologies Ltd., SurModics Inc., Specialty Coating Systems, Precision Coating Company Inc., are the key market players in the Medical Device Coating Market.
Ans: Increasing demand for minimally invasive surgeries and Rising prevalence of chronic diseases are the opportunities in Medical Device Coating Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia- Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Medical Device Coating Market Segmentation, By Coating Type
8.1 Antimicrobial Coatings
8.2 Hydrophilic Coatings
8.3 Anti-thrombogenic Coatings
8.4 Drug-eluting Coatings
8.5 Others
9. Medical Device Coating Market Segmentation, By Product
9.1 Implants
9.2 Catheters
9.3 Electrosurgical Instruments
9.4 Stents
9.5 Others
10. Medical Device Coating Market Segmentation, By Material
10.1 Metallic
10.2 Non-metallic
11. Medical Device Coating Market Segmentation, By Application
11.1 Neurology
11.2 General Surgery
11.3 Cardiovascular
11.4 Orthopedics
11.5 Gynecology
11.6 Dentistry
11.7 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Medical Device Coating Market By Country
12.2.2 North America Medical Device Coating Market By Coating Type
12.2.3 North America Medical Device Coating Market By Product
12.2.4 North America Medical Device Coating Market By Material
12.2.5 North America Medical Device Coating Market By Application
12.2.6 USA
12.2.6.1 USA Medical Device Coating Market By Coating Type
12.2.6.2 USA Medical Device Coating Market By Product
12.2.6.3 USA Medical Device Coating Market By Material
12.2.6.4 USA Medical Device Coating Market By Application
12.2.7 Canada
12.2.7.1 Canada Medical Device Coating Market By Coating Type
12.2.7.2 Canada Medical Device Coating Market By Product
12.2.7.3 Canada Medical Device Coating Market By Material
12.2.7.4 Canada Medical Device Coating Market By Application
12.2.8 Mexico
12.2.8.1 Mexico Medical Device Coating Market By Coating Type
12.2.8.2 Mexico Medical Device Coating Market By Product
12.2.8.3 Mexico Medical Device Coating Market By Material
12.2.8.4 Mexico Medical Device Coating Market By Application
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Medical Device Coating Market By Country
12.3.1.2 Eastern Europe Medical Device Coating Market By Coating Type
12.3.1.3 Eastern Europe Medical Device Coating Market By Product
12.3.1.4 Eastern Europe Medical Device Coating Market By Material
12.3.1.5 Eastern Europe Medical Device Coating Market By Application
12.3.1.6 Poland
12.3.1.6.1 Poland Medical Device Coating Market By Coating Type
12.3.1.6.2 Poland Medical Device Coating Market By Product
12.3.1.6.3 Poland Medical Device Coating Market By Material
12.3.1.6.4 Poland Medical Device Coating Market By Application
12.3.1.7 Romania
12.3.1.7.1 Romania Medical Device Coating Market By Coating Type
12.3.1.7.2 Romania Medical Device Coating Market By Product
12.3.1.7.3 Romania Medical Device Coating Market By Material
12.3.1.7.4 Romania Medical Device Coating Market By Application
12.3.1.8 Hungary
12.3.1.8.1 Hungary Medical Device Coating Market By Coating Type
12.3.1.8.2 Hungary Medical Device Coating Market By Product
12.3.1.8.3 Hungary Medical Device Coating Market By Material
12.3.1.8.4 Hungary Medical Device Coating Market By Application
12.3.1.9 Turkey
12.3.1.9.1 Turkey Medical Device Coating Market By Coating Type
12.3.1.9.2 Turkey Medical Device Coating Market By Product
12.3.1.9.3 Turkey Medical Device Coating Market By Material
12.3.1.9.4 Turkey Medical Device Coating Market By Application
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Medical Device Coating Market By Coating Type
12.3.1.10.2 Rest of Eastern Europe Medical Device Coating Market By Product
12.3.1.10.3 Rest of Eastern Europe Medical Device Coating Market By Material
12.3.1.10.4 Rest of Eastern Europe Medical Device Coating Market By Application
12.3.2 Western Europe
12.3.2.1 Western Europe Medical Device Coating Market By Country
12.3.2.2 Western Europe Medical Device Coating Market By Coating Type
12.3.2.3 Western Europe Medical Device Coating Market By Product
12.3.2.4 Western Europe Medical Device Coating Market By Material
12.3.2.5 Western Europe Medical Device Coating Market By Application
12.3.2.6 Germany
12.3.2.6.1 Germany Medical Device Coating Market By Coating Type
12.3.2.6.2 Germany Medical Device Coating Market By Product
12.3.2.6.3 Germany Medical Device Coating Market By Material
12.3.2.6.4 Germany Medical Device Coating Market By Application
12.3.2.7 France
12.3.2.7.1 France Medical Device Coating Market By Coating Type
12.3.2.7.2 France Medical Device Coating Market By Product
12.3.2.7.3 France Medical Device Coating Market By Material
12.3.2.7.4 France Medical Device Coating Market By Application
12.3.2.8 UK
12.3.2.8.1 UK Medical Device Coating Market By Coating Type
12.3.2.8.2 UK Medical Device Coating Market By Product
12.3.2.8.3 UK Medical Device Coating Market By Material
12.3.2.8.4 UK Medical Device Coating Market By Application
12.3.2.9 Italy
12.3.2.9.1 Italy Medical Device Coating Market By Coating Type
12.3.2.9.2 Italy Medical Device Coating Market By Product
12.3.2.9.3 Italy Medical Device Coating Market By Material
12.3.2.9.4 Italy Medical Device Coating Market By Application
12.3.2.10 Spain
12.3.2.10.1 Spain Medical Device Coating Market By Coating Type
12.3.2.10.2 Spain Medical Device Coating Market By Product
12.3.2.10.3 Spain Medical Device Coating Market By Material
12.3.2.10.4 Spain Medical Device Coating Market By Application
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Medical Device Coating Market By Coating Type
12.3.2.11.2 Netherlands Medical Device Coating Market By Product
12.3.2.11.3 Netherlands Medical Device Coating Market By Material
12.3.2.11.4 Netherlands Medical Device Coating Market By Application
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Medical Device Coating Market By Coating Type
12.3.2.12.2 Switzerland Medical Device Coating Market By Product
12.3.2.12.3 Switzerland Medical Device Coating Market By Material
12.3.2.12.4 Switzerland Medical Device Coating Market By Application
12.3.2.13 Austria
12.3.2.13.1 Austria Medical Device Coating Market By Coating Type
12.3.2.13.2 Austria Medical Device Coating Market By Product
12.3.2.13.3 Austria Medical Device Coating Market By Material
12.3.2.13.4 Austria Medical Device Coating Market By Application
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Medical Device Coating Market By Coating Type
12.3.2.14.2 Rest of Western Europe Medical Device Coating Market By Product
12.3.2.14.3 Rest of Western Europe Medical Device Coating Market By Material
12.3.2.14.4 Rest of Western Europe Medical Device Coating Market By Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Medical Device Coating Market By Country
12.4.2 Asia Pacific Medical Device Coating Market By Coating Type
12.4.3 Asia Pacific Medical Device Coating Market By Product
12.4.4 Asia Pacific Medical Device Coating Market By Material
12.4.5 Asia Pacific Medical Device Coating Market By Application
12.4.6 China
12.4.6.1 China Medical Device Coating Market By Coating Type
12.4.6.2 China Medical Device Coating Market By Product
12.4.6.3 China Medical Device Coating Market By Material
12.4.6.4 China Medical Device Coating Market By Application
12.4.7 India
12.4.7.1 India Medical Device Coating Market By Coating Type
12.4.7.2 India Medical Device Coating Market By Product
12.4.7.3 India Medical Device Coating Market By Material
12.4.7.4 India Medical Device Coating Market By Application
12.4.8 Japan
12.4.8.1 Japan Medical Device Coating Market By Coating Type
12.4.8.2 Japan Medical Device Coating Market By Product
12.4.8.3 Japan Medical Device Coating Market By Material
12.4.8.4 Japan Medical Device Coating Market By Application
12.4.9 South Korea
12.4.9.1 South Korea Medical Device Coating Market By Coating Type
12.4.9.2 South Korea Medical Device Coating Market By Product
12.4.9.3 South Korea Medical Device Coating Market By Material
12.4.9.4 South Korea Medical Device Coating Market By Application
12.4.10 Vietnam
12.4.10.1 Vietnam Medical Device Coating Market By Coating Type
12.4.10.2 Vietnam Medical Device Coating Market By Product
12.4.10.3 Vietnam Medical Device Coating Market By Material
12.4.10.4 Vietnam Medical Device Coating Market By Application
12.4.11 Singapore
12.4.11.1 Singapore Medical Device Coating Market By Coating Type
12.4.11.2 Singapore Medical Device Coating Market By Product
12.4.11.3 Singapore Medical Device Coating Market By Material
12.4.11.4 Singapore Medical Device Coating Market By Application
12.4.12 Australia
12.4.12.1 Australia Medical Device Coating Market By Coating Type
12.4.12.2 Australia Medical Device Coating Market By Product
12.4.12.3 Australia Medical Device Coating Market By Material
12.4.12.4 Australia Medical Device Coating Market By Application
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Medical Device Coating Market By Coating Type
12.4.13.2 Rest of Asia-Pacific Medical Device Coating Market By Product
12.4.13.3 Rest of Asia-Pacific Medical Device Coating Market By Material
12.4.13.4 Rest of Asia-Pacific Medical Device Coating Market By Application
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Medical Device Coating Market By Country
12.5.1.2 Middle East Medical Device Coating Market By Coating Type
12.5.1.3 Middle East Medical Device Coating Market By Product
12.5.1.4 Middle East Medical Device Coating Market By Material
12.5.1.5 Middle East Medical Device Coating Market By Application
12.5.1.6 UAE
12.5.1.6.1 UAE Medical Device Coating Market By Coating Type
12.5.1.6.2 UAE Medical Device Coating Market By Product
12.5.1.6.3 UAE Medical Device Coating Market By Material
12.5.1.6.4 UAE Medical Device Coating Market By Application
12.5.1.7 Egypt
12.5.1.7.1 Egypt Medical Device Coating Market By Coating Type
12.5.1.7.2 Egypt Medical Device Coating Market By Product
12.5.1.7.3 Egypt Medical Device Coating Market By Material
12.5.1.7.4 Egypt Medical Device Coating Market By Application
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Medical Device Coating Market By Coating Type
12.5.1.8.2 Saudi Arabia Medical Device Coating Market By Product
12.5.1.8.3 Saudi Arabia Medical Device Coating Market By Material
12.5.1.8.4 Saudi Arabia Medical Device Coating Market By Application
12.5.1.9 Qatar
12.5.1.9.1 Qatar Medical Device Coating Market By Coating Type
12.5.1.9.2 Qatar Medical Device Coating Market By Product
12.5.1.9.3 Qatar Medical Device Coating Market By Material
12.5.1.9.4 Qatar Medical Device Coating Market By Application
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Medical Device Coating Market By Coating Type
12.5.1.10.2 Rest of Middle East Medical Device Coating Market By Product
12.5.1.10.3 Rest of Middle East Medical Device Coating Market By Material
12.5.1.10.4 Rest of Middle East Medical Device Coating Market By Application
12.5.2. Africa
12.5.2.1 Africa Medical Device Coating Market By Country
12.5.2.2 Africa Medical Device Coating Market By Coating Type
12.5.2.3 Africa Medical Device Coating Market By Product
12.5.2.4 Africa Medical Device Coating Market By Material
12.5.2.5 Africa Medical Device Coating Market By Application
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Medical Device Coating Market By Coating Type
12.5.2.6.2 Nigeria Medical Device Coating Market By Product
12.5.2.6.3 Nigeria Medical Device Coating Market By Material
12.5.2.6.4 Nigeria Medical Device Coating Market By Application
12.5.2.7 South Africa
12.5.2.7.1 South Africa Medical Device Coating Market By Coating Type
12.5.2.7.2 South Africa Medical Device Coating Market By Product
12.5.2.7.3 South Africa Medical Device Coating Market By Material
12.5.2.7.4 South Africa Medical Device Coating Market By Application
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Medical Device Coating Market By Coating Type
12.5.2.8.2 Rest of Africa Medical Device Coating Market By Product
12.5.2.8.3 Rest of Africa Medical Device Coating Market By Material
12.5.2.8.4 Rest of Africa Medical Device Coating Market By Application
12.6. Latin America
12.6.1 Latin America Medical Device Coating Market By Country
12.6.2 Latin America Medical Device Coating Market By Coating Type
12.6.3 Latin America Medical Device Coating Market By Product
12.6.4 Latin America Medical Device Coating Market By Material
12.6.5 Latin America Medical Device Coating Market By Application
12.6.6 Brazil
12.6.6.1 Brazil Medical Device Coating Market By Coating Type
12.6.6.2 Brazil Medical Device Coating Market By Product
12.6.6.3 Brazil Medical Device Coating Market By Material
12.6.6.4 Brazil Medical Device Coating Market By Application
12.6.7 Argentina
12.6.7.1 Argentina Medical Device Coating Market By Coating Type
12.6.7.2 Argentina Medical Device Coating Market By Product
12.6.7.3 Argentina Medical Device Coating Market By Material
12.6.7.4 Argentina Medical Device Coating Market By Application
12.6.8 Colombia
12.6.8.1 Colombia Medical Device Coating Market By Coating Type
12.6.8.2 Colombia Medical Device Coating Market By Product
12.6.8.3 Colombia Medical Device Coating Market By Material
12.6.8.4 Colombia Medical Device Coating Market By Application
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Medical Device Coating Market By Coating Type
12.6.9.2 Rest of Latin America Medical Device Coating Market By Product
12.6.9.3 Rest of Latin America Medical Device Coating Market By Material
12.6.9.4 Rest of Latin America Medical Device Coating Market By Application
13 Company Profile
13.1 DSM
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Infinita Biotech Pvt. Ltd.
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Sono-Tek Corp
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Covalon Technologies Ltd.
13.4.1 Company Overview
13.4.2 Financials
13.4.3 Product/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 SurModics Inc.
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Materion Corp.
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Hydromer Inc.
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Specialty Coating Systems
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Precision Coating Company Inc.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Axalta Coating Systems
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Antimicrobial Coatings Market Size was valued at USD 11.58 billion in 2023 and is expected to reach USD 32.15 billion by 2031 and grow at a CAGR of 13.5% over the forecast period 2024-2031.
The Basalt Fiber Market Size was esteemed at USD 280.02 million out of 2022 and is supposed to arrive at USD 693.2 million by 2030 and develop at a CAGR of 12% over the forecast period 2023-2030.
The Calcium Carbonate Market size was USD 48.26 billion in 2023 and is expected to Reach USD 80.53 Billion by 2031 and grow at a CAGR of 6.5% over the forecast period of 2024-2031.
The Textile Finishing Agents Market size was valued at USD 2.71 billion in 2023 and is expected to grow to USD 4.03 billion by 2031 and grow at a CAGR of 5.02% over the forecast period of 2024-2031.
The Cashew Nutshell Liquid Market Size was valued at USD 3.76 billion in 2022, and expected to reach USD 6.76 billion by 2030, and grow at a CAGR of 7.6% over the forecast period 2023-2030.
The Battery Metals Market Size was valued at USD 17.26 billion in 2023. It is expected to reach USD 33.26 billion by 2031 and grow at a CAGR of 8.1% over the forecast period 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
