40,000 metric tons Coil & Strip Capacity to be added by the end of 2025, fuelling the growth of Coil & Strip for Medical Devices Market

Medical Devices Market to Reach USD 2.15 Billion by 2025 Amid Price Trend Shifts and Production Growth 

Coil & Strip For Medical Devices Market is forecasted to reach a market size of approximately USD 2.15 billion by the end of 2025, reflecting a steady compound annual growth rate (CAGR) of 6.4% from 2020 to 2025. Driven by rising medical device innovation, expanding minimally invasive surgeries, and stronger OEM demand for precision-engineered components, the market is witnessing robust expansion. Increasing emphasis on lightweight, corrosion-resistant, and biocompatible materials is expected to further accelerate the Coil & Strip For Medical Devices Market growth throughout 2025. 

Rising Demand from Surgical and Implantable Devices Powering the Market 

The medical device sector continues to record healthy expansion into 2025, with manufacturing output expected to grow by approximately 7.8% compared to 2024. The Coil & Strip For Medical Devices Market benefits significantly from this momentum, supplying critical precision materials for implants, catheters, stents, and wearable health monitors. 

As healthcare infrastructure modernizes across both developed and emerging economies, the demand for medical-grade coil and strip products is forecasted to strengthen further through the second half of 2025. 

Pricing Dynamics: Moderate Increases in Coil & Strip For Medical Devices Market Price Trend 

The Coil & Strip For Medical Devices Market price trend is projected to exhibit moderate increases in 2025, with average prices estimated at $3,650 to $4,400 per metric ton, depending on material type and technical specification. This represents a year-over-year rise of roughly 3.5% over 2024. 

Key influences on the price trend include tighter supply of specialized alloys, elevated energy and transportation costs, and stricter quality demands from medical OEMs. Experts forecast that price fluctuations will remain within a 2%–5% band throughout the four quarters of 2025. 

Production Volumes Expand to Meet Soaring Demand 

Coil & Strip For Medical Devices Production levels are expected to grow by approximately 5.2% year-on-year in 2025, reaching new highs as manufacturers increase capacity to address rising order volumes. New production facilities are expected to come online in the United States, Germany, South Korea, and China by mid-2025, adding nearly 40,000 metric tons of new capacity globally. 

Advanced cold rolling, precision surface finishing, and enhanced alloy formulations are being deployed to cater to the evolving performance requirements set by next-generation medical devices. 

Innovation and Miniaturization Trends Boost Market Growth 

One of the most powerful drivers of Coil & Strip For Medical Devices Market growth in 2025 is the continued trend towards smaller, lighter, and smarter medical devices. With miniaturization becoming a core focus, especially in implantables and cardiovascular devices, demand for high-precision, ultra-thin coil and strip materials is accelerating. 

In the first half of 2025 alone, over 60 new miniaturized devices and wearable medical solutions are anticipated to be introduced worldwide, fueling the need for specialized metallic materials and expanding market growth opportunities. 

Regional Analysis: APAC Leads Market Growth; North America Remains Largest Consumer 

North America remains the largest regional market, accounting for an estimated 36% of the global Coil & Strip For Medical Devices Market revenue in 2025. However, the Asia-Pacific region is poised to register the fastest growth at an annualized rate of 9.2%, fueled by aggressive healthcare infrastructure expansion, local manufacturing incentives, and increased demand for affordable medical technologies. 

Europe maintains a strong 28% share, supported by leading-edge R&D and regulatory harmonization efforts. 

Leading Manufacturers in the Coil & Strip For Medical Devices Market 

A select group of companies dominates the Coil & Strip For Medical Devices Market in 2025, leveraging their expertise in precision metallurgy and healthcare compliance. The top players include: 

• Ulbrich Stainless Steels & Special Metals Inc. – Known for its highly specialized rolled products tailored for surgical applications. 

• Sandvik Materials Technology – Leading supplier of advanced alloys for critical medical devices worldwide. 

• Metals USA – A strong North American presence in supplying strip materials to medical OEMs. 

• Allegheny Technologies Inc. (ATI) – Specializes in high-performance materials for structural implants and diagnostic devices. 

• Fort Wayne Metals – Pioneer in medical-grade coils and wires used extensively across orthopedic and cardiovascular domains. 

These companies are ramping up investments in capacity expansion, R&D partnerships with device manufacturers, and sustainable manufacturing practices to secure leadership positions. 

Sustainability and ESG Trends Shape Procurement Decisions 

Sustainability initiatives continue to gain prominence in 2025. More than 45% of medical device OEMs are now evaluating suppliers based on their Environmental, Social, and Governance (ESG) scores. Coil and strip manufacturers are responding by investing in renewable energy usage, low-emission processing technologies, and circular economy models for material reuse. 

Manufacturers that successfully integrate ESG compliance into their operations are expected to gain competitive advantages and preferred supplier status by leading medical OEMs. 

Challenges: Managing Rising Quality Expectations and Regulatory Complexities 

The Coil & Strip For Medical Devices Market faces mounting pressures around regulatory compliance and quality consistency in 2025. With stricter guidelines from the U.S. FDA, European Medicines Agency (EMA), and China's NMPA, manufacturers must ensure superior traceability, batch consistency, and bio-compatibility documentation. 

Additionally, supply chain volatility remains a risk factor, particularly for critical input materials like cobalt, nickel, and titanium alloys. 

Future Forecast: Coil & Strip For Medical Devices Market Poised for Robust Growth Beyond 2025 

The long-term outlook for the Coil & Strip For Medical Devices Market beyond 2025 remains highly positive, supported by the continuing evolution of the global healthcare landscape, advancements in medical technology, and growing demand for precision-engineered, biocompatible materials. Market analysts anticipate that the global Coil & Strip For Medical Devices Market will expand from its estimated USD 2.15 billion valuation in 2025 to approximately USD 2.6 billion by 2027, achieving a robust compound annual growth rate (CAGR) of around 9% during the forecast period from 2025 to 2027. 

A principal catalyst for this growth will be the surge in demand for minimally invasive surgical (MIS) procedures, which require highly specialized components made from ultra-thin, flexible, and durable coil and strip materials. With the global MIS procedures volume expected to rise by over 30% between 2025 and 2027, manufacturers of coil and strip products will find expanding opportunities to supply critical materials for next-generation catheters, stents, guidewires, and implant delivery systems. 

In addition, the ongoing miniaturization trend in medical device design is creating heightened demand for thinner gauges, tighter tolerances, and advanced surface finishes in coil and strip products. Innovations such as robotic surgical systems, wearable biosensors, and neurostimulation implants require metallic components that offer high strength-to-weight ratios, corrosion resistance, and bioinert properties. These developments will firmly position high-performance alloys like Nitinol, cobalt-chrome, and ultra-fine stainless steel grades as key materials within the Coil & Strip For Medical Devices Market moving into the next phase of growth.