Antimicrobial Coatings for Medical Devices Market Share, Size

The global antimicrobial coatings for medical devices market is valued US$ 1,594.50 million in 2021; it is estimated to grow at a CAGR of 13.5% from 2022 to 2028.

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.

The report offers insights and in-depth analysis of the global antimicrobial coatings for medical devices market, emphasizing various parameters, including market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players. It also includes the impact of the COVID-19 pandemic on the market across all regions.

The overall impact of the COVID-19 pandemic on the antimicrobial coatings for medical devices market was positive; hence, the market is still gaining traction and is expected to grow in the coming years. The postponed surgical procedures were rescheduled and performed, which increased the demand for antimicrobial coatings for medical devices. As a result, the market players experienced growth opportunities with the introduction of innovative products. According to the American Association of Orthopaedic Surgeons and the Agency for Healthcare Research and Quality (AHRQ), an estimated 700,000 knee replacements and ~450,000 hip replacement procedures are performed in the US each year. Moreover, according to an article published by the University of Alabama in 2021, 320,000 coronary artery bypass grafting procedures were performed in the US in 2020.

Strategic Insights

Geography-Based Insights

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

Lucrative Regions for Antimicrobial Coatings for Medical Devices Market

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Market Insights

Rising Prevalence of Hospital Acquired Infections (HAIs)

Healthcare-associated infections (HAIs) include catheter-associated urinary tract infections, central line-associated bloodstream infections, and ventilator-associated pneumonia. These infections may also occur at surgery sites and are known as surgical site infections. According to a report titled “2020 National and State Healthcare-Associated Infections Progress Report," published by the Centers for Disease Control and Prevention (CDC) in 2021, an increase of approximately 24%, 35%, and 15% of central line-associated bloodstream infections, ventilator-associated events, and Methicillin-resistant Staphylococcus Aureus (MRSA) bacteremia, respectively, were recorded from 2019 to 2020 in the US.

Moreover, as published by National Healthcare Safety Network (NHSN) January 2022 report, Urinary tract infections (UTIs) are the fifth most common type of HAI. UTIs account for more than 9.5% of conditions reported by acute care hospitals. Catheter-associated urinary tract infection (CAUTI) is an infection of the urinary tract caused by urinary catheters that are placed to drain urine from the bladder.

CAUTI is one of the most common infections among UTIs acquired in the hospital. The CDC published that approximately 75% of infections are associated with a urinary catheter in 2020. Furthermore, ~15-25% of hospitalized patients receive urinary catheters during their hospital stays. The most important risk factor for developing a CAUTI is prolonged urinary catheter use. Complications associated with CAUTI cause discomfort to the patient, long hospital stays, increased treatment costs, and risks of death. Additionally, as per CDC, it has been estimated that more than 13,000 deaths are annually associated with UTIs. Acute uncomplicated cystitis results in an estimated six days of discomfort, leading to approximately 7 million office visits per year with associated costs of US$ 1.6 billion.

Thus, HAIs are imposing a high economic burden on the healthcare system. The increasing incidence of CAUTI contributes to the rise in the use of antimicrobial coatings, therefore driving the antimicrobial coatings for medical devices market.

Coating Type-Based Insights

Based on coating type, the global antimicrobial coatings for medical devices market is segmented into antibacterial coatings, antiviral coatings, and others. In 2021, the antibacterial coatings segment accounted for the largest market share, and it is anticipated to register the highest CAGR from 2022 to 2028.

Global Antimicrobial Coatings for Medical Devices Market, by Coating Type – 2021 and 2028

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Device Type-Based Insights

Based on device type, the global antimicrobial coatings for medical devices market is segmented into catheters, implantable devices, surgical instruments, and other devices. In 2021, the catheter segment accounted for the largest market share, and the same segment is anticipated to register the highest CAGR from 2022 to 2028.

Material -Based Insights

Based on material, the global antimicrobial coatings for medical devices market is bifurcated into metallic coating and non-metallic coating. The metallic coating segment is further segmented into copper coatings, silver coatings, and other metallic coatings. The non-metallic coating is further segmented into polymeric coatings, organic coatings, and other non-metallic coatings. The metallic coating segment hold the largest share of the market in 2021. Moreover, the same segment is anticipated to register the highest CAGR in the market during the forecast period.

Application-Based Insights

Based on application, the global antimicrobial coatings for medical devices market is segmented into cardiovascular, dentistry, general surgery, gynecology, orthopedics, and other applications. The cardiovascular segment holds the largest market share in 2021, and it is expected to register the highest CAGR during the forecast period.

End User-Based Insights

Based on end user, the global antimicrobial coatings for medical devices market is segmented into hospitals & clinics, diagnostic centers, ambulatory surgical centers, and others. The hospitals & clinics segment holds the largest market share in 2021, and it is expected to register the highest CAGR during the forecast period.

The global antimicrobial coatings for medical devices market players are adopting organic strategies, including product launch and expansion, to expand their footprint and product portfolio worldwide and meet the growing demand. A few of the key players operating in the market are The Dow Company; Biointeraction; PPG Industries, Inc; Microban International, Sciessent LLC; Specialty Coating System Inc.; AST Products; Covalon Technologies, Inc.; Hydromer Inc.; and DSM.