The latest market report published by Credence Research, Inc. “Global Medical Coatings for Implants Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2030”. The Global Medical Coatings for Implants Market generated revenue of around USD 1.1 billion in 2022 and is anticipated to grow a CAGR of over 8.8% during the forecast period from 2023 to 2030 to reach around USD 2.0 billion in 2030.
Increased demand for implantable medical devices, the growth of both public and private institutions, and improvements in tissue and medical device biocompatibility are the main factors driving the market. The growing senior population worldwide may be driving the market for medical coatings for implants, which may also increase demand for medical implants. The use of medical coatings in various implantable medical devices significantly influences the sector’s development. Growing advancements in imaging technologies, neurosurgery endoscopic equipment, and related sectors are anticipated to fuel market growth throughout the forecasted period.
The global medical coatings for implants market is bifurcated into Product, Technology, Application, and Geography. Based on product, the market is categorized into hydroxyapatite (HA), titanium, plasma spray, nanoparticle and others. Based on technology, the market is categorized into plasma spray, vacuum spray, physical vapor deposition (PVD) and others. Based on application, the market is categorized into orthopedic implants, screws, pedicle screws, sacroiliac si joint screws, dental implants, cardiovascular implants and others. The market is segmented based on geography: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America dominated the market with more than 40% of all sales in 2022. The growing medical and healthcare sectors, the introduction of smart implants, and cutting-edge smart sensor technologies are all driving the demand for medical coatings for implants in North America. Additionally, it is anticipated that smart medical implants and gadgets will be significant in orthopedics as real-time measurements of critical performance insights that would improve outcomes for analyzing patient rehabilitation and propel the market in the area.
The medical coatings for implants market is currently undergoing a period of significant growth and expansion. This is being driven by a number of factors, including the increasing popularity of minimally invasive surgery, the aging population and the growing demand for more effective and durable medical implants. As a result, there is a growing need for medical coatings that can improve the performance and longevity of these devices.
Why Buy This Report-
- The report provides a qualitative and quantitative analysis of the global medical coatings for implants market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2021, base year- 2022, and forecast period 2023-2030.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
- In-depth analysis of the global medical coatings for implants market segmentation based on product, technology, and application.
- Major countries in each region with their import/export statistics
- The global medical coatings for implants market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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