Antimicrobial Coatings for Medical Devices Market is expected to reach US$ 3,851.96 million by 2028

Cardiovascular Segment by Application Dominated the Antimicrobial Coatings for Medical Devices Market During 2021–2028

According to our new research study on "Antimicrobial Coatings for Medical Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Coating Type, Device Type, Material, Application and End User," the market was valued at US$ 1,594.50 million in 2021 and is expected to reach US$ 3,851.96  million by 2028; it is estimated to record a CAGR of 13.5% from 2022–2028. The report highlights the trends and drivers prevailing in the market.

Based on application, the antimicrobial coatings for medical devices market is segmented into general surgery, cardiovascular, orthopedics, gynecology, dentistry, and other applications. The cardiovascular segment held the largest share of the market in 2021. Moreover, the general surgery segment is anticipated to register the highest CAGR in the market during the forecast period. Cardiovascular diseases are the leading cause of mortality across the world and affect a significant population across the world. According to the Global  Heart & Circulatory Diseases Factsheet - 2023, 550 million people across the globe are living with heart and circulatory diseases and the number has been rising owing to changing lifestyles, growing elder population, and improved survival rates from heart attacks and strokes. The use of cardiovascular implants such as stents and other devices in aiding cardiovascular diseases has been increasingly documented over the years. Thus, growing prevalence of heart diseases across the world is likely to increase the demand for medical devices which will further drive the growth of antimicrobial coatings for medical devices market. Based on coating type, the antimicrobial coatings for medical devices market is segmented into antibacterial coatings, antiviral coatings, and others. In terms of 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 has been bifurcated into metallic and non-metallic coating. Based on end user, the global antimicrobial coatings for medical devices market are segmented into hospitals & clinics, diagnostic centers, ambulatory surgical centers, and others.

Impact of COVID-19 Pandemic on Antimicrobial Coatings for Medical Devices Market

During the outbreak of the COVID-19 pandemic, a huge decline in revenue due to stringent restrictions imposed by the government resulted in decreasing number of surgical procedures performed. These services are mainly used in surgeries with orthopedic and cardiac surgeries. Due to decreasing number of surgeries performed, the demand for antimicrobial coatings for medical devices reduced. For Instance: According to the data published by American Medical Association, there was a 48% reduction in total surgical procedures performed in the US due to the COVID-19 pandemic. However, after the pandemic restrictions normalized, the volume of surgical procedures returned to normal levels. The outbreak of COVID-19 variants in the region further restricted the surgical procedures performed, increasing the burden on infected countries.

However, the increasing coronavirus crisis increased the demand for antimicrobial coatings on medical devices. Various companies took the initiative to bring new and advanced antimicrobial coatings for medical devices during the pandemic in 2020. For instance, in December 2020, a British company, Smart Separations, developed and launched a new generation of antiviral coatings, ViraTeq, to destroy SARS-CoV-2 on surfaces, helping to prevent the spread of COVID-19.

Thus, the overall COVID-19 impact on the antimicrobial coatings for medical devices market was slightly positive. The market again gained traction and is expected to grow in the coming years.

Based on geography, the antimicrobial coatings for medical devices market market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, Thailand, 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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