Antimicrobial Coatings for Medical Devices Market Report | 2022-2028

Antimicrobial Coatings for Medical Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Coating Type (Antibacterial Coatings, Antiviral Coatings, and Others), Device Type (Catheters, Implantable Devices, Surgical Instruments, and Other Devices), Material [Metallic Coatings (Copper Coatings, Silver Coatings, and Other Metallic Coatings) and Non-Metallic Coatings (Polymeric Coatings, Organic Coatings, and Other Non-Metallic Coatings)], Application (General Surgery, Cardiovascular, Orthopedics, Gynecology, Dentistry, and Other Applications), and End User (Hospitals & Clinics, Diagnostic Centers, Ambulatory Surgical Centers, and Others)

  • Report Code : TIPRE00019605
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 165
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[Research Report] The antimicrobial coatings for medical devices market size was projected to grow from US$ 1,594.50 million in 2021 to US$ 3,851.96 million by 2028; it is further estimated to record a CAGR of 13.5% from 2022–2028.

Analyst Perspective:

The rising prevalence of hospital-acquired infections and the growing need for developing antimicrobial coatings on medical devices are the key factors driving the growth of antimicrobial coatings for the medical devices market. Also, healthcare providers strive to improve patient care and reduce the risk of infection. Additionally, market players offer a wide range of antimicrobial-coated medical devices that are biocompatible, biostable, non-toxic, and FDA-compliant. For instance, Microban International, Ltd. has one of the largest portfolios of antimicrobial technologies that are effective against harmful strains of bacteria. Such innovative formulations are applied on various medical product surfaces to inhibit the growth of microorganisms and help reduce the number of HAIs. Thus, the above-mentioned factors contribute to the growth of antimicrobial coatings for the medical devices market

Market Overview:

Bacterial adhesion and its deposition on medical devices like implants, ventilators, catheters, and others pose a major challenge to the biomedical industry. Excessive bacterial deposition onto these surfaces often leads to bacterial colonization and biofilm formation, leading to healthcare-associated infections. Further, it also leads to medical device failure, which causes huge financial losses. Healthcare-associated infections (HAIs) pose a risk to patients, especially in immunocompromised individuals. In many cases, HAIs are caused due to in-dwelling medical devices, such as catheters, implants, and intubation equipment. Thus, several market players have developed antimicrobial coatings effective against various pathogens. For instance, Norway-based Amicoat developed a peptide-based antimicrobial coating (AMC) that is active against a wide range of bacteria.

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Antimicrobial Coatings for Medical Devices Market: Strategic Insights

Antimicrobial Coatings for Medical Devices Market

  • CAGR (2021 - 2028)
    13.5%
  • Market Size 2021
    US$ 1.59 Billion
  • Market Size 2028
    US$ 3.85 Billion

Market Dynamics

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OPPORTUNITIES
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Key Players

  • The Dow Company
  • Biointeraction
  • PPG Industries, Inc
  • Microban International
  • Sciessent LLC
  • Specialty Coating System Inc.
  • AST Products
  • Covalon Technologies, Inc.
  • Hydromer Inc.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Coating Type
  • Antibacterial Coatings
  • Antiviral Coatings
  • Others
Device Type
  • Catheters
  • Implantable Devices
  • Surgical Instruments
  • Other Devices
Material
  • Metallic Coatings
Application
  • General Surgery
  • Cardiovascular
  • Orthopedics
  • Gynecology
  • Dentistry
  • Other Applications
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Driver:

Increasing Use and Demand of Medical Implants

With the rising number of medical procedures and growing demand for advanced medical devices, the threat of high-risk infections from MRSA, Clostridium difficile, and Pseudomonas aeruginosa, is also rising. Implant-associated Infections (IAIs) due to medical implants have led to high deaths and medical costs. For instance, as per the study "Implant-Associated Infections: A Review of the Safety of Cardiac Implants," published in 2020,  over 30% of patients with left ventricular assist devices developed implant-associated Infections. The most common isolated bacteria were S. aureus (45.4%), and the least were coagulase-negative Staphylococcus (CONS) (5.2%).

Moreover, the rising number of medical implant procedures complements the infection rates. For instance, as per the Center Orthopedic and Neurosurgical Care & Research, by 2030, the total number of knee replacement surgeries is projected to grow to 3.5 million. And nearly 1/2 of American adults will develop knee osteoarthritis in at least one knee in their lifetime.

Segmental Analysis:

Based on coating type, the antimicrobial coatings for medical devices market is segmented into antibacterial coatings, antiviral coatings, and others. The antibacterial coatings segment held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR of 13.9% during the forecast period. The antibacterial coatings segment held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR of during the forecast period. Antibacterial coatings are applied to medical device surfaces to alleviate the implant-associated infection. Whether antibacterial agents are locally delivered, they can be either passive or active. Passive coatings can hinder bacterial attachment and/or kill bacteria upon contact. In terms of 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 held the largest market share, and the same segment is expected to grow at the fastest CAGR during the coming years.

Based on material, the global antimicrobial coatings for medical devices market has been bifurcated into metallic and non-metallic coating. The metallic coating segment held 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.

By application, the global antimicrobial coatings for medical devices market has been categorized   into cardiovascular, dentistry, general surgery, gynecology, orthopedics, and other applications. The cardiovascular segment held the largest share of the market in 2021. Based on end user, the global antimicrobial coatings for medical devices market are segmented into hospitals & clinics, diagnostic centers, ambulatory surgical centers, and others. In 2021, the hospitals & clinics segment held the largest market share; however, the same segment is also expected to grow at the fastest CAGR during the coming years.

Regional Analysis:

Global antimicrobial coatings for medical device market are segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In North America held the largest market share for antimicrobial coatings for medical device market.  Rising prevalence of hospital-acquired infections and the need for developing antimicrobial coatings on medical devices are key factors responsible for the growth of antimicrobial coatings for the medical devices market in North America. The Asia Pacific is expected to account for the fastest growth in the global antimicrobial coatings for medical device market owing to the increasing number of surgeries. Additionally, the rising geriatric population, new product development, and international players entering the region is expected to equally influence the overall growth of the antimicrobial coatings for medical device market during the forecast period.

Key Player Analysis:

The antimicrobial coatings for medical devices market majorly consists of the players such as The Dow Company; Biointeraction; PPG Industries, Inc; Microban International, Sciessent LLC; Specialty Coating System Inc.; AST Products; Covalon Technologies, Inc.; Hydromer Inc.; DSM; among others. Among the players in the antimicrobial coatings for medical devices market The Dow Company and PPG Industries, Inc are the top two players owing to its organic and inorganic activities.

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the antimicrobial coatings for medical devices market. A few recent key market developments are listed below: 

  • In May 2023, PPG industries announced a $44 million investment to upgrade five powder coating manufacturing facilities in the U.S. and Latin America. The projects are part of PPG’s strategic efforts to expand its powder coatings offerings and increase global production to meet growing customer demand for sustainably advantaged products.
  • In April, 2023 PPG completed a $15-million investment to enhance its Brazil, powder coatings production facility. The plant has been expanded by 20,000 square feet to accommodate two state-of-the-art lines for bonded metallic powder and automated packaging capabilities.
  • In May 2023, Bio-Gate and OSSIS expand into more international markets with HyProtect coatings. In May 2023, OSSIS was acquired by Zimmer Biomet – a global medical device technology manufacturer. However, the cooperation with Bio-Gate will remain the same due to the high quality of the HyProtect coating. Therefore the partnership will be expanded to further international markets.

Antimicrobial Coatings for Medical Devices Market Report Scope

Report Attribute Details
Market size in 2021 US$ 1.59 Billion
Market Size by 2028 US$ 3.85 Billion
Global CAGR (2021 - 2028) 13.5%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Coating Type
  • Antibacterial Coatings
  • Antiviral Coatings
  • Others
By Device Type
  • Catheters
  • Implantable Devices
  • Surgical Instruments
  • Other Devices
By Material
  • Metallic Coatings
By Application
  • General Surgery
  • Cardiovascular
  • Orthopedics
  • Gynecology
  • Dentistry
  • Other Applications
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • The Dow Company
  • Biointeraction
  • PPG Industries, Inc
  • Microban International
  • Sciessent LLC
  • Specialty Coating System Inc.
  • AST Products
  • Covalon Technologies, Inc.
  • Hydromer Inc.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Coating Type, Device Type, Material, Application, and End User

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoE, RoMEA, RoSAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    Which end user segment held the largest market share in the antimicrobial coatings for medical devices market?

    The hospitals & clinics segment dominated the global antimicrobial coatings for medical devices market and accounted for the largest market share of 32.91% in 2021.

    What is meant by the antimicrobial coatings for medical devices market?

    Antimicrobial coatings for medical devices are a critical component of healthcare. These coatings are applied to medical devices to destroy or restrict the growth of microorganisms. While other coatings provide anti-corrosion resistance properties, antimicrobial coatings protect against a broad spectrum of bacteria, mold, and mildew.

    What is the regional market scenario of the antimicrobial coatings for medical devices market?

    Global antimicrobial coatings for medical devices market is segmented by region into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. Geographically, North America accounted for the largest share of the global antimicrobial coatings for medical devices market in 2021, followed by Europe. Compared to this, Asia-Pacific is expected to grow at the highest CAGR in the forecast period.

    Which application segment led the antimicrobial coatings for medical devices market?

    Based on application, general surgery segment held the largest share of the market in 2021 and is expected to continue to do so till the forecast period.

    What are the driving factors for the antimicrobial coatings for medical devices market across the globe?

    Increasing use and demand for medical implants and rising prevalence of hospital-acquired infections (HAIs) are the major factors driving the growth of the market.

    Which segment held the largest market share in the antimicrobial coatings for medical devices market?

    Based on coating type, antibacterial coatings segment held the largest share of the market in 2021 and the same segment is anticipated to register the highest CAGR during the forecast period.

    Who are the key players in the antimicrobial coatings for medical devices market?

    The Dow Company; Biointeraction; PPG Industries, Inc; Microban International, Sciessent LLC; Specialty Coating System Inc.; AST Products; Covalon Technologies, Inc.; Hydromer Inc.; DSM are among the leading companies operating in the global antimicrobial coatings for medical devices market.

    The List of Companies - Antimicrobial Coatings for Medical Devices Market

    1. The Dow Company
    2. Biointeraction
    3. PPG Industries, Inc
    4. Microban International
    5. Sciessent LLC
    6. Specialty Coating System Inc.
    7. AST Products
    8. Covalon Technologies, Inc.
    9. Hydromer Inc.
    10. DSM

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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