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.
The Global Antimicrobial Coatings For Medical Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Antimicrobial coatings are used to destroy microorganisms in medical devices.
The devices used are implantable devices, surgical instruments, elastomeric seals etc.
The rising awareness about infections, technological advancements, growing implantable devices, growing R carried on antimicrobial coating market have been factors that have propelled the growth of this market.
Moreover, rising geriatric population with rising cases of cardiovascular patients have helped in the growth of this market.North America is expected to be the largest market owing to its growing awareness towards infections, and extensive investments made on R of this market.
Moreover, Asia Pacific is the fastest growing market as it observes growing focus on healthcare.
This market study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period derived with the help of SWOT analysis.Global antimicrobial coatings for medical devices market is expected to register a healthy CAGR of 15.5% in the forecast period of 2019-2026.
Get Sample Analysis of This Market Information: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-antimicrobial-coatings-medical-devices-marketMarket Definition: Global Antimicrobial Coatings for Medical Devices Market Antimicrobial coating is a process of applying a covering comprising antimicrobial agents such as biocides or silver nanoparticles.
The medical devices include which are undergoing the coatings procedure are catheters, surgical instruments, implantable devices, mandrels & molds, and elastomeric seals and othersSegmentation: Global Antimicrobial Coatings for Medical Devices Market Global Antimicrobial Coatings for Medical Devices Market By Product (Antimicrobial Coatings, Hydrophilic Coatings, Drug-Eluting Coatings, Anti-Thrombogenic Coatings, Others)Device Type (Implantable Devices, Catheters, Surgical Instruments, Other Devices)Material (Metallic Coatings, Non-Metallic Coatings)Application (Orthopedics, General Surgery, Dentistry, Cardiovascular, Gynecology, Others)End-Users (Hospitals, Diagnostic Centers, Ambulatory Surgical Centres), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East And Africa)Key vendors operating in the market:Few of the major market competitors currently working in the global antimicrobial coatings for medical devices market are AST Products, Inc., BASF SE, BioInteractions Ltd, Nippon Paint Co., Ltd., PPG Industries, Inc., BioCote Limited, Covalon Technologies Ltd., Koninklijke DSM N.V., The Sherwin-Williams Company, RPM International Inc., Hydromer.com, KRATON CORPORATION, Lonza, Troy Corporation, AkzoNobel N.V., Sono-Tek Corporation, LyondellBasell Industries Holdings B.V., Microban International, Ltd., Diamond Vogel, Dow, Polyone Corporation, DuPont de Nemours, Inc., AK Coatings Inc., Sciessent LLC, Specialty Coating Systems, Inc. among others.Focal points covered in this Antimicrobial Coatings for Medical Devices Market reportThis Antimicrobial Coatings for Medical Devices Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
Also it creates a relationship of the market outlook with Porter Five Force AnalysisThis research report is inclusive concept of the market progression.
The market progression considers the components of the present situation and compares the current scenario of the market with future developmental chances.The Antimicrobial Coatings for Medical Devices Market research report includes investigation at global and regional levels.
These comprehensive and local level investigations are inclusive of the request as well as the supply powers which in turn willingly or unwillingly affects the market developmentVarious Topics such as product offering, finance related data, recent developments, analysis of Strengths, weakness, Opportunities and Threats in the upcoming scenario are highlighted in this research report.Competitive Analysis:Global antimicrobial coatings for medical devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
