
Medical coating market to be valued at $15.8b by 2030
One key factor is the rising prevalence of chronic diseases.
The medical coating market is expected to reach $15.8b by 2030 at a compound annual growth rate of 9.6%, according to MarketsandMarkets.
The sector’s expansion is attributed to the rising prevalence of chronic diseases, increased demand for advanced medical devices, and a growing ageing population.
Developments such as improved infection control, the growth of minimally invasive procedures, and shorter trial studies are further driving market growth.