Market Analysis: Global Antimicrobial Coatings for Medical Devices Market
Antimicrobial coatings for medical devices market is expected to register a healthy CAGR of 15.5% in the forecast period of 2019-2026. This rise in the market can be attributed to the expanding awareness about hospital-acquired infections, favorable research and funding environment and technological advancements in antimicrobial coatings.
Market Definition: Global Antimicrobial Coatings for Medical Devices Market
Antimicrobial coating is a process of applying a covering comprising antimicrobial agents such as biocides or silver nanoparticles. Antimicrobial coatings are principally used in medical devices with the aim to prevent the growth of microorganisms. The medical devices include which are undergoing the coatings procedure are catheters, surgical instruments, implantable devices, mandrels & molds, and elastomeric seals and others.
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Market Drivers
• Expanding Awareness About Hospital-Acquired Infections
• Favorable Research and Funding Environment
• Technological Advancements in Antimicrobial Coatings
• Increasing Emphasis on Hygiene
Market Restraints
• Limitations of Silver Ion Coatings
• Growing Number of Free Trade Agreements
• Stringent Regulations and Norms by the Governmental Bodies
Segmentation: Global Antimicrobial Coatings for Medical Devices Market
By Product
• Antimicrobial Coatings
• Hydrophilic Coatings
• Drug-Eluting Coatings
• Anti-Thrombogenic Coatings
• Others
By Device Type
• Implantable Devices
• Catheters
• Surgical Instruments
• Other Devices
By Material
• Metallic Coatings
o Silver Coatings
o Copper Coatings
o Other Metallic Coatings
• Non-Metallic Coatings
o Polymeric Coatings
o Organic Coatings
o Other Non-Metallic Coatings
By Application
• Orthopedics
• General Surgery
• Dentistry
• Cardiovascular
• Gynecology
• Others
By End-Users
• Hospitals
• Diagnostic Centers
• Ambulatory Surgical Centers
By Geography
• North America
o U.S.
o Canada
o Mexico
• South America
o Brazil
o Argentina
o Rest of South America
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
• Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Malaysia
o Indonesia
o Thailand
o Philippines
o Rest of Asia-Pacific
• Middle East and Africa
o South Africa
o Egypt
o Saudi Arabia
o United Arab Emirates
o Israel
o Rest of Middle East and Africa
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Key Developments in the Market:
• In April 2016, Lucideon and King's College London have developed antimicrobial coatings specifically for mobile devices as mobile devices screen gather most germs. The antimicrobial coating will restrict the germs to adhere on the mobile screen and further can be used for medical devices after more research and development
• In February 2015, INM researchers developed an Antimicrobial and Abrasion-Resistant Coatings. The coatings have silver and copper colloids which can kill germs and simultaneously prevent establishment of germs.
Competitive Analysis:
Global Antimicrobial coatings for medical devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global antimicrobial coatings for medical devices for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Key Market Competitors:
Few of the major market competitors currently working in the global antimicrobial coatings for medical devices market are AST Products, Inc., BASF SE, BioInteractions Ltd, Nippon Paint Co., Ltd., PPG Industries, Inc., BioCote Limited, Covalon Technologies Ltd., Koninklijke DSM N.V., The Sherwin-Williams Company, RPM International Inc., Hydromer.com, KRATON CORPORATION, Lonza, Troy Corporation, AkzoNobel N.V., Sono-Tek Corporation, LyondellBasell Industries Holdings B.V., Microban International, Ltd., Diamond Vogel, Dow, Polyone Corporation, DuPont de Nemours, Inc., AK Coatings Inc., Sciessent LLC, Specialty Coating Systems, Inc. among others.
Primary Respondents
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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