Antimicrobial Coating for Medical Devices Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032
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The Antimicrobial Coating for Medical Devices Market Size accounted for USD 1.9 Billion in 2022 and is estimated to achieve a market size of USD 6.1 Billion by 2032 growing at a CAGR of 12.6% from 2023 to 2032.
Antimicrobial Coating for Medical Devices Market Highlights
- Global antimicrobial coating for medical devices market revenue is poised to garner USD 6.1 billion by 2032 with a CAGR of 12.6% from 2023 to 2032
- North America antimicrobial coating for medical devices market value occupied around 34% market share in 2022
- Asia-Pacific antimicrobial coating for medical devices market growth will record a CAGR of more than 13% from 2023 to 2032
- Among type, the metallic coating sub-segment generated significant revenue in 2022
- Based on device type, the implantable device sub-segment generated notable market share in 2022
- Booming research activities a popular trend in the antimicrobial coating for medical devices market
Antimicrobial coatings have diverse applications in the medical field. They are used to reduce or destroy the growth of hazardous microorganisms. Antimicrobial coatings contain a particular chemical agent with the ability to kill pathogens or disease-causing agents. These coatings help mitigate infection and release antibacterial agents such as inorganic antimicrobial agents and antibiotics. In essence, the rising awareness about medical infections drives the demand for antimicrobial coatings in the medical devices market.
Global Antimicrobial Coating for Medical Devices Market Dynamics
Market Drivers
- Growing demand in medical and healthcare industry
- Rising awareness about medical infection
- Increasing research activities
Market Restraints
- Expensive coating technique
- Stringent rules and regulation
- Minor duration of antimicrobial coating
Market Opportunities
- Advancements in inventive applications
- Rising developments in the antimicrobial coatings
- Expansion of healthcare market
Antimicrobial Coating for Medical Devices Market Report Coverage
Market | Antimicrobial Coating for Medical Devices Market |
Antimicrobial Coating for Medical Devices Market Size 2022 | USD 1.9 Billion |
Antimicrobial Coating for Medical Devices Market Forecast 2032 |
USD 6.1 Billion |
Antimicrobial Coating for Medical Devices Market CAGR During 2023 - 2032 | 8.1% |
Antimicrobial Coating for Medical Devices Market Analysis Period | 2020 - 2032 |
Antimicrobial Coating for Medical Devices Market Base Year |
2022 |
Antimicrobial Coating for Medical Devices Market Forecast Data | 2023 - 2032 |
Segments Covered | By Type, By Device Type, And By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | PPG Industries, Inc., Dow Chemical Company, Specialty Coating Systems Inc., Royal DSM, BASF SE, AST Products Inc, Biocote, Hydromer Inc., Sciessent LLC, Bio Interaction Ltd., and Covalon Technologies Ltd. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Antimicrobial Coating for Medical Devices Market Insights
Antimicrobial coatings for medical devices have experienced significant growth in recent years due to increased awareness of infections associated with medical devices. Infection poses a major problem in healthcare settings, impacting therapeutic, clinical, and diagnostic procedures. Various types of infections, such as viral, fungal, bacterial, and parasitic infections, contribute to diseases like the common cold, typhoid, stomach flu, ringworm, and hookworms.
Moreover, infectious diseases resulting from medical procedures, such as surgical-site infections, catheter-associated urinary tract infections, central line-associated bloodstream infections, and ventilator-associated pneumonia, have heightened awareness of the importance of medical devices that can mitigate these risks. The rising demand in the medical and pharmaceutical industries further drives the growth of the antimicrobial coating market.
However, the market faces obstacles such as expensive coating techniques and stringent regulations. Metallic and non-metallic coating techniques, which include silver and polymeric coatings, respectively, involve chemical, physical, and biological methods. Chemical methods often require expensive surfactants and hazardous chemicals, while physical methods demand specialized equipment and high energy input, contributing to the high cost of these coatings. Additionally, the short duration of antimicrobial effectiveness and stringent regulations hinder market growth.
Despite these challenges, the expansion of the healthcare market presents opportunities for antimicrobial coatings in medical devices. The U.S. healthcare sector, known for its high expenditure-16.8% of GDP in 2019-faced challenges in 2023 due to labor shortages and high inflation rates but experienced accelerated improvements in 2024. This growing sector creates opportunities for antimicrobial coatings in medical devices. Furthermore, ongoing developments and advancements in antimicrobial coatings and their innovative applications further bolster opportunities in the forecasted years
Antimicrobial Coating for Medical Devices Market Segmentation
The worldwide market for antimicrobial coating for medical devices is split based on by type, by device type, and geography.
Antimicrobial Coating for Medical Devices Market By Type
- Metallic Coating
- Silver Coating
- Copper Coating
- Other Metallic Coating
- Non-Metallic Coating
- Polymeric Coating
- Organic Coating
According to antimicrobial coating for medical devices industry analysis, based on the types market is segmented into metallic coating and non-metallic coating. Metallic coating is sub-segmeted into silver coating, copper coating, and others; and non-metallic coating is sub-segmented into polymeric coating as well as organic coating. Metallic coating dominates the antimicrobial coating for medical devices market. Metallic coating is widely used in the medical devices due to their antimicrobial properties. To inhibit the growth of microorganisms metallic coating is used. It contains types of metal coating such as zinc, silver, titanium and copper. In that silver contain diverse of antimicrobial properties to distroy the pathogens.
Antimicrobial Coating for Medical Devices Market By Device Type
- Surgical Device
- Implantable Device
- Others
According to the antimicrobial coating for medical devices market analysis, the device type segment is segmented into surgical devices, implantable devices, and others. Implantable device dominates the antimicrobial coating for the medical devices market. An implantable device is a medical device that is introduced into the body at the time of surgery. There are some implantable medical devices such as blood pressure sensors, pacemakers, and cochlear implants. This device is used because of patient safety in the healthcare sector. Several implantable devices can measure vital signs like blood pressure and heartbeat. In essence, due to this pivotal role in the healthcare industry implantable devices take over its dominance in the antimicrobial coating for medical devices market.
Antimicrobial Coating for Medical Devices Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Antimicrobial Coating for Medical Devices Market Regional Analysis
In terms of Antimicrobial Coating for Medical Devices market analysis, based on regional analysis, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America dominated the antimicrobial coating for medical devices market. Rising infectious diseases in hospitals and the increasing need for antimicrobial coating in medical devices boost the market value. Countries like the U.S., Canada, and Mexico contain the presence of a robust number of key players due to their research and developments further driving the demand of the market. For instance, to improve manufacturing facilities in powder coating, PPG invested $44 million in the U.S. and Latin America. Additionally, the U.S. spends a lot of percent of the gross domestic product (GDP) on the healthcare sector. For instance, in 2019, 16.8% of the GDP was spent by the U.S. country on the healthcare sector and it experienced a significant growth that is 18.3% in 2021. Furthermore, according to Statista, most of the top pharmaceutical companies are located in the U.S such as Abbvie, Bristol Myers Squibb, Pfizer, and Johnson and Johnson and those companies invested 20% of the revenue on research and developments in 2021 which further experienced a steady growth of the antimicrobial coating for medical devices market.
Asia-Pacific is the fastest-growing region in the antimicrobial coating for medical devices market. Robust key players are present in countries like China, Japan, India, Australia, and South Korea. Firstly, in China, there is an increase in awareness about infectious diseases in medicine this awareness increases the importance of antimicrobial coating
Antimicrobial Coating for Medical Devices Market Players
Some of the top antimicrobial coating for medical devices companies offered in our report includes PPG Industries, Inc., Dow Chemical Company, Specialty Coating Systems Inc., Royal DSM, BASF SE, AST Products Inc, Biocote, Hydromer Inc., Sciessent LLC, Bio Interaction Ltd., and Covalon Technologies Ltd.