Medical Device Coating Market Size Worth $18.96 Billion By 2027
Medical Device Coating Industry Overview The global medical device coating market size is expected to reach USD 18.96 billion by 2027, expanding at a CAGR of 8.3% from 2020 to 2027, according to a report by Grand View Research, Inc. Rising demand for coatings to protect the surfaces of different medical devices, such as cardiovascular, neurovascular, and gynecological, is expected to drive the demand for medical device coating over the forecast period. Medical Device Coating Market Segmentation Grand View Research has segmented the global medical device coating market on the basis of product, application, and region: Based on the Product Insights, the market is segmented into Hydrophilic, Antimicrobial, Drug-eluting, Anti-thrombogenic, Others. In terms of revenue, antimicrobial coatings dominated the market with a share of 31.5% in 2019. This is attributed to their low cost and high compatibility with various device materials, including metal, plastic,...