The global antimicrobial medical device coatings market size to be valued at USD 3 billion, growing at a CAGR of 7% during 2021-2026. The APAC is expected to witness the fastest growth during the forecast period due to the high prevalence of HAIs, which is 20 times higher than developed countries. The antimicrobial medical device coatings market constitutes an integral part of the global medical device coatings market. The use of antimicrobial agents in medical devices is increasing due to their biocompatibility, non-toxicity, durability, and biostability. The increasing popularity of antimicrobial technologies in healthcare facilities is contributing to the market growth. The rising demand for antimicrobial coatings will increase with the growing percentage of the elderly population and the rise in chronic diseases both in developed and developing countries. The adoption of innovative surface technologies will also significantly propel the demand for antimicrobial coatings for medical equipment.
With the outbreak of the COVID-19 virus, antimicrobial coatings have been in the spotlight. The growing concern over hospital-acquired infections (HAIs) and other related effects on humans is a significant factor influencing the market growth. Although antimicrobial coatings could not necessarily be antiviral, they can inhibit the growth of microbes. Metallic antimicrobial agents such as silver and copper are widely effective against bacteria and viruses by damaging cell membranes, inactivating proteins and degrading DNA leading to cell death.
- Metallic coatings are expected to grow at the fastest CAGR during the forecast period due to long-lasting protection, clean and hygienic, cost-effective, fine-finishing characteristics.
- Catheters antimicrobial coatings are likely to reach a revenue share of over $1.8 billion by 2026 because of the high prevalence of catheter-associated infections.
- North America is projected to emerge as a major revenue contributor to the market on account of the high percentage of the elderly population.
- APAC is expected to witness the fastest growth during the forecast period due to the high prevalence of HAIs, which is 20 times higher than developed countries.
GLOBAL ANTIMICROBIAL MEDICAL DEVICE COATINGS MARKET SEGMENTATION
This research report includes a detailed segmentation by
INSIGHTS BY MATERIAL
Metal-based antimicrobials can provide sustainability solutions toward infectious diseases. These solutions offer high efficacy at low dosage levels without the development of resistance—metal-based solutions, which silver and copper have displayed a wide-spread commercial deployment for few decades. Silver has been a long-time antimicrobial agent applicable in several fields, ranging from household to medical applications. It has been effective against both gram-positive and gram-negative bacteria. Innovations in product formulations and increasing awareness of antimicrobial coatings are expected to drive the demand for silver coatings.
Non-metallic coatings are ideal for several medical equipment. Polymers and inorganic materials are some of the non-metallic coatings. They have been effective in controlling biofilm formations via bactericidal activities and antifouling effects. They are likely to gain significance in upcoming years due to their high availability, less toxicity, and cost-effectiveness. Most non-metallic substances are ideal for a wide range of medical, household, and industrial applications. Polymer coatings are likely to replace chrome and cadmium partly due to increasing concern over heavy metals and environmental factors.
INSIGHTS BY DEVICES
The rise in catheter-associated infections is likely to increase the application of antimicrobial coatings. Due to the growth of microbial flora and biofilm formation, catheters related diseases are on the rise. Catheters are the most prominently used medical devices to which antimicrobial coatings are necessary. The increased usage of catheters in elderly patients is another key factor for the growth of the market. Though several agents can be used for coating, silver is the widely used antimicrobial agent. Silver and silver nanoparticles have displayed high efficiency in reducing microbial growth and preventing biofilms on catheters.
Implantable devices (IMD) are among the largest and rapidly growing sectors in the medical device market. Their demand is expected to increase due to the increase in the aging population and chronic disease growth. The use of versatile coating technologies such as electrophoretic deposition (EPD), a rapid and cost-effective method than plasma-based techniques, is expected to increase the demand for implant devices during the forecast period.
INSIGHTS BY GEOGRAPHY
In 2020, North America accounted for over 44% of the global antimicrobial medical device coatings market share. The region is witnessing growth due to a large elderly population and the prevalence of hospital-acquired infections (HAIs). Increased spending on the healthcare industry is driving the market in the region. With the increase in the geriatric population, an increase in the incidence and prevalence of chronic conditions requiring surgical interventions is growing. An effective decrease in HAIs and increased healthcare spending on medical devices will drive the demand for antimicrobial coatings and antimicrobial wound dressings. Increasing exports of medical devices and advances in medical technology and the growing demand for home healthcare increase the demand for antimicrobial solutions in the region.
INSIGHTS BY VENDORS
AST Products, BioInteractions, Covalon, DSM, Hydromer, Sciessent, and Specialty Coating Systems are the major players. Major coating manufacturing vendors focus on innovations, coupled with advanced features, which provide high lubricity, durability, biocompatibility, thermal resistance, and anti-corrosive nature. Vendors compete in terms of product variety, pricing, quality, innovation, and efficacy. Furthermore, they also compete to establish long-term relationships with healthcare facilities such as hospitals, clinics, and day-care centers. A majority of players focus on implementing several strategies such as product launches and approvals, marketing and promotional activities, acquisitions, increase R&D investment, and strengthen their distribution networks to enhance their market share and presence in the market.
The global antimicrobial medical device coatings market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:
- Implantable Devices
- North America
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa