Antimicrobial Coating for Medical Devices Market Size to Reach USD 6.1 Billion by 2032 growing at 12.6% CAGR - Exclusive Report by Acumen Research and Consulting
Antimicrobial Coating for Medical Devices Market, valued at USD 1.9 Billion in 2022, is forecasted to exceed USD 6.1 Billion by 2032, reflecting a strong CAGR of 12.6%
The antimicrobial coating for medical devices market has grown significantly in recent years, due to rising awareness about medical infection. Antimicrobial coating is the process of removal or killing of harmful microorganisms or pathogens to avoid infection this technique is widely used in medical devices. The growing pharmaceutical and medical industries are the key factors for the growth of this particular market. However, expensive coating techniques, stringent rules and regulations, and minor duration of antimicrobial coating became restraints for the antimicrobial coating for medical devices market. Furthermore, advancements in inventive applications, rising developments in antimicrobial coatings, and expansion of the healthcare market prompted the Antimicrobial coating for medical devices market. As a consequence, market participants are looking into new advancements, indicating a growing trend toward technological advancements in the Antimicrobial coating for medical devices market.
Antimicrobial Coating For Medical Devices Market Statistics
- The global antimicrobial coating for medical devices market, valued at USD 1.9 billion in 2022, expects a robust CAGR surpassing 12.6% from 2023 to 2032
- North America leads with a substantial 34% market share in 2022
- Asia-Pacific foresees impressive growth with a projected CAGR of 13%
- Metal coating segment dominates, holding a significant market share in 2022
- Implantable device segment achieves notable share in 2022
- A noticeable trend in the antimicrobial coating for medical devices market is the increased awareness of infection control
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Antimicrobial Coating For Medical Devices Market Dynamics
Rising Awareness about Medical Infection Fuels the Antimicrobial Coating for Medical Devices Market Value
The Antimicrobial coating for medical devices market is seeing significant growth, driven by rising awareness about medical infections. Infection is a major problem encountered in the healthcare devices. It’s a most important cause regarding the therapeutic, clinical, and diagnostic procedures. Infection is caused due to hazardous pathogens that cause infectious diseases. Diseases caused due to medical infections are called healthcare-associated infections or nosocomial infections. Many infectious diseases are caused due to medical infections such as surgical-site infections, catheter-associated urinary tract infections, central line-associated bloodstream infections, and ventilator-associated pneumonia. In essence, antimicrobial coating destroys the pathogens, and this growing awareness about medical infection further boosts the demand of the market
Expansion of the Healthcare Sector Offers Significant Antimicrobial Coating for Medical Devices Market Opportunity
Expansion of the healthcare market creates an opportunity for antimicrobial coating for the medical devices market. China is the second largest country in the world for the healthcare sector. Due to the increase in the healthcare equipment medical sector in China is experiencing steady growth in the coming years. Additionally, due to increasing awareness, and growing income by 2022, India’s healthcare market is reached at US$ 372 billion. So this expansion of the healthcare market across the world prompted the antimicrobial coating for medical devices market
Antimicrobial Coating for Medical Devices Market Segmentation
The global market for antimicrobial coating for medical devices has been segmented into type, device type and region.
- Type is bifurcated into metallic and non-metallic coating.
- Device type segment is sub-segmented into surgical device, implantable device, and others.
- The antimicrobial coating for medical devices market is regionally split into APAC, Europe, Latin America, North America, and the Middle East and Africa
Antimicrobial coating for medical devices Market Regional Outlook
In terms of antimicrobial coating for medical devices market analysis, based on regional analysis, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. North America dominated the antimicrobial coating for medical devices market. Rising infectious diseases in hospitals and the increasing need for antimicrobial coating in medical devices boost the market value. Firstly, growing research and developments in this region due to the presence of robust key players further thrive the demand for antimicrobial coating for the medical devices market. For instance, Avinger, Inc. selected Hydromer as a partner for the coatings and services. so, this will become the shift toward growing the market
Additionally, Asia Pacific is the fastest-growing region in the Antimicrobial coating for the medical devices market. The growing healthcare and pharmaceutical sector in countries like China, India, Japan, and South Korea further boosts the demand. Additionally, increasing awareness about infectious diseases further thrive the market.
Antimicrobial coating for medical devices Market Players
Antimicrobial coating for medical devices companies profiled in the report include AST Products Inc, BASF SE, Biocote, PPG Industries, Inc., Bio Interaction Ltd., Covalon Technologies Ltd., Dow Chemical Company, Specialty Coating Systems Inc., Royal DSM, Hydromer Inc. and Sciessent LLC.
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