Antimicrobial Coatings for Medical Device Market Size Worth USD 3,851.96 million by 2028 says, The Insight Partners

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According to our latest study, titled “Antimicrobial Coatings for Medical Device Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Coating Type, Device Type, Material Type, Application, and End User,” the market is expected to grow from US$ 1,594.50 million in 2021 to US$ 3,851.96 million in 2028; it is estimated to grow at a CAGR of 13.5% from 2022 to 2028. The report highlights the key factors driving the global antimicrobial coatings for medical device market growth and prominent players, along with their developments in the market.

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Antimicrobial coatings are applied to medical devices to destroy or restrict the growth of microorganisms. While other coatings provide anticorrosion resistance properties, antimicrobial coatings protect against a broad spectrum of bacteria, mold, and mildew. The growth of the global antimicrobial coatings for medical device market is primarily attributed to the increasing use and demand of medical implants and the rising prevalence of Hospital Acquired Infections (HAIs). However, the tedious regulatory approval of antimicrobial coating products is restricting the market growth.

Based on coating type, the global antimicrobial coatings for medical device market is segmented into antibacterial coatings, antiviral coatings, and others. In 2022, the antibacterial coatings segment will likely hold the largest share of the market and is expected the register the highest CAGR during the forecast period. The growing prevalence of implant-associated infection will further result in the growth of the overall market. As per CDC report, ~722,000 annual cases of HAIs, which are related to 10% of patients admitted into acute care hospitals, were reported in the US. Urinary tract infections (UTIs) are one of the most common hospital-acquired infections, and approximately 80% of UTIs result from indwelling urinary catheters.

Based on device type, the global antimicrobial coatings for medical device market is segmented into catheters, implantable devices, surgical instruments, and other devices. In 2022, the catheters segment is expected to account for the largest share of the global market and is anticipated to register the highest CAGR in the market from 2022 to 2028. The major driving factor for the growth of the catheter segment is that these antimicrobial coatings are used on the catheters to prevent CAUTIs, which are under clinical trials.

Based on material, the global antimicrobial coatings for medical device market is bifurcated into metallic coatings and non-metallic coatings. In 2022, the metallic coatings segment will likely account for a larger share of the global market and is anticipated to register a higher CAGR in the market from 2022 to 2028. The major driving factor for the growth of the catheter segment is the intrinsic antimicrobial properties of metal without the use of drugs and their potential for much longer-lasting applications than drug-eluting coatings.

Based on application, the global antimicrobial coatings for medical device market is categorized into general surgery, cardiology, orthopedics, gynecology, dentistry, and others. In 2022, the general surgery segment is expected to account for the largest share of the global market, and is anticipated to register the highest CAGR in the market from 2022 to 2028. The major driving factor for the growth of general surgery is the increasing number of surgeries worldwide, which are directly boosting the use of surgical instruments and hence the antimicrobial coatings.

Based on end user, the global antimicrobial coatings for medical device market is segmented into hospitals & clinics, diagnostic centers, ambulatory surgical centers, and others. In 2022, the hospitals & clinics segment is expected to account for the largest share of the market and is anticipated to register the highest CAGR in the market from 2022 to 2028. The major driving factor for the growth of the segment is the increasing number of HAIs. For instance, the geriatric population is more than twice as likely to need hospitalization compared to middle-aged adults; approximately 17% of North Americans aged 65 years and older get hospitalized at least once during the year, out of which only 8% of adults from 45 to 64 years required hospitalization.

The Dow Company; PPG Industries, Inc.; Microban International; Sciessent LLC; Covalon Technologies Ltd; DSM; Specialty Coating Systems Inc.; AST Product, Inc.; Hydromer; and Biointeractions. are a few of the key players operating in the global antimicrobial coatings for medical device market. In May 2021, Hydromer announced that it had been selected as the key coatings and services partner for Avinger, Inc’s intravascular image-guided, catheter based systems for diagnosis and treatment of patients with Peripheral Artery Disease (PAD).

The report segments the global antimicrobial coatings for medical device market as follows:

Based on coating type, the global antimicrobial coatings for medical devices market is bifurcated into antibacterial coatings, antiviral coatings, and others. Based on device type, the global antimicrobial coatings for medical devices market is segmented into catheters, implantable devices, surgical instruments, and other devices. Based on material, the global antimicrobial coatings for medical devices market is bifurcated into metallic coatings and non-metallic coatings. Based on application, the global antimicrobial coatings for medical devices market is segmented into general surgery, cardiovascular, orthopedics, gynecology, dentistry, and other applications. Based on end user, the global antimicrobial coatings for medical devices market is categorized into hospitals & clinics, diagnostic centers, ambulatory surgical centers, and others.

Based on geography, the global antimicrobial coatings for medical devices market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Antimicrobial Coatings for Medical Device, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.

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