Dynamic strategic collaboration activities in the global antimicrobial medical device coatings market will favor growth in the future.
According to the latest Arizton's market research report, the global antimicrobial medical device coatings market size to reach over USD 3 billion by 2026, growing at a CAGR of around 7% during the forecast period.
Global Antimicrobial Medical Device Coatings Market: Growth Analysis
The growing awareness of hygiene solutions in healthcare settings is fueling the demand for global antimicrobial medical device coatings market. Hospitals and clinics are dependent more on medical devices which are used for various diagnose and surgery processes. To prevent the further susceptibility of these devices towards other infections, manufacturers are coating them with antimicrobial coatings. Such factors will drive the demand for global antimicrobial medical device coatings market. In next few years it is expected the emergence of silver nanoparticles in the coatings of medical devices will witness strong growth in the global market. The increasing popularity of antimicrobial coating technologies in healthcare facilities is eventually contributing to the growth of the global market. Dynamic strategic collaboration activities in the global antimicrobial medical device coatings market will favor growth in the future.
Interesting Facts to Know?
- Covalon is offering advance coating technologies that is leading to the application of various coatings on a wide range of medical devices for excellent properties and better patient care.
- The DSM Innovation Center has multiple functions within DSM, including accelerating the innovation power of their core businesses and extracting value from their Emerging Business Areas (EBAs).
- Sciessent continuously focusses on introducing new and innovative coating solutions which will provide significant growth opportunities and increase market share in the global market.
- Canada’s total healthcare expenditure witnessed a growth rate of approximately 4%. The private healthcare sector expenditure has constant funding of around 30% of total healthcare expenditures.
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by material, devices, and geography
- Competitive Landscape – 7 Key Company Profiles and 10 Other Prominent Vendors
Is North America Dominating the Global Antimicrobial Medical Device Coatings Market?
Increasing spending in the healthcare setting is driving the demand in the North America antimicrobial medical device coatings market. In 2020, the region contributed revenue share of over 44%. The US Census Bureau estimates that the number of Americans over the age of 65 will grow to around 72 million by 2030. North America has a high concentration of medical coating manufacturers compared to any other region in the world. Increase in exports of medical devices along with the advancements in medical technology and rising demand for home healthcare are surging the demand for antimicrobial medical device coatings market in the region. Strong collaboration between the US and Canadian medical device industries are relatively similar in quality, geographic proximity, and safety standards that should stimulate regional antimicrobial coatings market growth and will propel the product demand in North America.
Global Antimicrobial Medical Device Coatings Market: Competitive Landscape
The players in the global antimicrobial medical device coatings market compete to establish long term relationship with the healthcare facilities to build strong customer base. Various medical companies are investing in R&D activities and strengthening distribution networks to enhance their share and presence in the market. They focus on market expansion and new markets to widen their product portfolios and boost their production capabilities to gain traction. Players also sometimes form strategic alliances to enter into co-marketing agreements to surge the competitiveness and market penetration of the antimicrobial coatings for medical devices. For instance, AST provides eco-friendly medical coatings for a variety of industries that facilitate the application of our advanced surface treatment technologies. The rising trends in medical device coatings led to various modified surface treatments and directed for the growth of the company. Apart from antimicrobial activity of medical coatings, expanding properties such as lubrication, biocompatibility, low toxicity, and longer lasting effects helped for business development.
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