Report Highlights
- The global medical device coatings market will increase from an estimated $4.2 billion in 2008 to $4.7 billion in 2009. It should reach $7.5 billion in 2014, a compound annual growth rate (CAGR) of 9.9%.
- The NAFTA region has the largest share of the market with an estimated $2.1 billion in sales in 2008. This is expected to increase to $2.4 billion in 2009 and $3.9 billion in 2014, for a CAGR of 10.2%.
- The European Union has the second largest share of the market and is expected to generate $1.1 billion in 2008. This should increase slightly in 2009 and reach $2.0 billion in 2014, for a CAGR of 10.6%.
INTRODUCTION
STUDY GOALS AND OBJECTIVES
This study examines the most rapidly changing sector of the global medical device business. It describes technological and regulatory developments that have influenced the direction of this dynamic industry and also forecasts the global and regional requirements for coating and kindred treatment technologies through 2014.
- Eight technologies
- Four regions of the world
- Twenty-two medical specialties
- Alloy
- Ceramic
- Combination
- Energy-absorbing and optical
- Energy-emitting
- Micro and nano
- Protective polymer
- Surface treatment
- North American Free Trade Agreement (NAFTA) countries, (i.e., Canada, Mexico, and the U.S., including Puerto Rico)
- European Union (E.U.) (i.e., the 27 member countries as of 2008-09-15)
- Other Developed Nations (i.e., the 39 countries that BCC considers to have economies and medical device regulations comparable to those of NAFTA and E.U. countries.
- Rest of the World
- Anesthesia
- Cardiovascular
- Clinical medicine
- Clinical toxicology
- Dental
- Ear, nose, and throat
- Gastroenterology
- General hospital
- General surgery
- Hematology
- Immunology
- Microbiology
- Neurology
- Obstetrics and gynecology
- Ophthalmology
- Orthopedics
- Pathology
- Personal use
- Physical medicine
- Radiology
- Respiratory therapy
- Urology
Report Highlights
- The value of worldwide sales for all categories of coatings and surface treatment processes used in manufacturing medical devices reached $2.96 billion in 2005.
- Fueled by an explosive growth in high-value combination products, such as arterial stents and antimicrobial-coated catheters, the global medical device coatings business will experience an average annual growth rate (AAGR) of 12.4%, reaching worldwide sales of $5.31 billion by 2010.
- The swift acceptance of drug-eluting stents as a "gold standard" treatment by surgeons around the globe suggests that the demand for other coated versions of existing medical devices will be equally swift. Our analysis further suggests that there will be a correspondingly swift acceptance of new coated devices as they are introduced.
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