[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

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  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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FUTURE TRENDS

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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

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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.

Antimicrobial Coatings for Medical Devices Market Report Scope

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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.