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Global Antimicrobial Coatings for Medical Devices Market 2023-2029

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Global Antimicrobial Coatings for Medical Devices Market Overview



The global antimicrobial coatings for medical devices market is estimated to generate $84.8 million in 2023, and is projected to reach $119.7 million by 2029, growing at a CAGR of 5.8% from 2023 to 2029. An antimicrobial coating is a kind of biostatic coating used in health care settings to reduce the adhesion of bacteria and microbes on medical instruments and other hospital equipment. The efficient properties of these coatings are useful in combatting drug-resistant organisms (DROs). Increasing demand for medical device coatings to realize disease control and prevention, and rising demand for cost-effective and hygienic materials are few of the major drivers of the antimicrobial coatings for medical devices market. Moreover, increasing demand for antibiotic coatings and antimicrobial textiles for medical instruments, growing geriatric population, and rising awareness about the disadvantages caused by traditional coatings are major factors driving the market growth. However, stringent regulatory requirements for the successful implementation of the coatings, and the high cost of these coatings are restraining factors of the market.


Technology Analysis



The global antimicrobial coatings for medical devices market is segmented on the basis of technology, application, and geography. On the basis of technology, the global antimicrobial coatings for medical devices market is bifurcated into silver and copper-based coatings, quaternary ammonium compounds, and others. Silver and copper-based coatings dominate the market, as these coatings provide effective barrier to pathogens. Silver and copper-based coatings are more effective than quaternary ammonium compounds; however, copper-based coatings are much more versatile and cost-effective.


Application Analysis



On the basis of application, the global antimicrobial coatings for medical devices market is segmented into orthopedic, cardiovascular, dialysis, ophthalmology, urology and gynecology, and others. Orthopedic applications accounted for a major market share in 2019, and is projected to grow during the forecast period. The growing geriatric population, an increase in the prevalence of orthopedic diseases, and the increasing number of orthopedic surgeries are some of the major factors fueling the market growth.


Geography Analysis



On the basis of geography, the global antimicrobial coatings for medical devices market is divided into North America, Europe, Asia-Pacific, and the rest of the world. North America held the largest market share in 2019, followed by Europe, Asia-Pacific, and the rest of the world. Growing precision engineering in bio-nanotechnology, and rising demand for cost-effective and hygienic coatings are some of the major factors driving the growth of the antimicrobial coatings for medical devices market in North America.


Competitive Landscape



The major players in the global antimicrobial coatings for medical devices market are Royal DSM, Precision Coating Company, Inc., P2i Ltd., Advanced Nano Products Co., Ltd., BioCote, Specialty Coating Systems, Inc., and BioSavita GmbH. These companies are deploying strategies such as product launches, collaborations, acquisitions, and partnerships to expand their global presence and increase their market share.


Conclusion



The global antimicrobial coatings for medical devices market is estimated to generate $84.8 million in 2023, and is projected to reach $119.7 million by 2029, growing at a CAGR of 5.8% from 2023 to 2029. Silver and copper-based coatings dominate the market, as these coatings provide effective barrier to pathogens. Orthopedic applications accounted for a major market share in 2019, and is projected to grow during the forecast period. North America held the largest market share in 2019, followed by Europe, Asia-Pacific, and the rest of the world. The major players in the global antimicrobial coatings for medical devices market are Royal DSM, Precision Coating Company, Inc., P2i Ltd., Advanced Nano Products Co., Ltd., BioCote, Specialty Coating Systems, Inc., and BioSavita GmbH.

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