Antimicrobial Coatings For Medical Devices Market
Antimicrobial Coatings For Medical Devices Market Forecasts to 2030 - Global Analysis By Coating Type (Silver-based Coatings, Copper-based Coatings, Zinc-based Coatings, Titanium-based Coatings, Nitric Oxide Releasing Coatings, Quaternary Ammonium Compounds (QAC) Coatings, Polymeric Coatings and Other Coating Types), Medical Device Type, Mode of Action, Application, End User and By Geography
According to Stratistics MRC, the Global Antimicrobial Coatings For Medical Devices Market is accounted for $1.41 billion in 2023 and is expected to reach $2.19 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Antimicrobial coatings for medical devices are innovative solutions aimed at preventing infections in healthcare settings. These coatings utilize materials with inherent or added antimicrobial properties, to inhibit the growth of bacteria, viruses, and fungi on the surface of medical devices. By incorporating these coatings, healthcare providers can reduce the risk of healthcare-associated infections (HAIs), enhance patient safety, and improve overall healthcare outcomes. Antimicrobial coatings represent a promising avenue for advancing infection control strategies in medical settings.
According to the Federal Statistical Office (Destatis), the healthcare expenditure in Germany rose to Euros 474.1 billion (USD 560.86 billion) in the second COVID-19 year of 2021.
Market Dynamics:
Driver:
Growing awareness of healthcare-associated infections (HAIs)
HAIs pose substantial risks to patients and healthcare professionals, driving demand for preventative measures. Antimicrobial coatings offer an effective solution by inhibiting the growth of pathogens on medical devices, reducing the risk of infections. This heightened awareness among healthcare providers and patients about the importance of infection control fosters a greater acceptance and adoption of antimicrobial coatings. Consequently, it propels the market forward as stakeholders prioritize patient safety and seek innovative solutions to mitigate the risks associated with HAIs.
Restraint:
Risk of antimicrobial resistance
The risk of antimicrobial resistance in antimicrobial coatings for medical devices arises from prolonged exposure to antimicrobial agents, potentially leading to the development of resistant strains of bacteria or fungi. This resistance diminishes the effectiveness of antimicrobial coatings over time, undermining their ability to prevent infections. This concern creates uncertainty and hinders market growth as stakeholders seek alternatives or demand more stringent safety assessments for antimicrobial coatings.
Opportunity:
Rising healthcare expenditure
Rising healthcare expenditure facilitates increased investment in advanced medical technologies. As healthcare budgets expand, there is greater emphasis on improving patient outcomes and reducing healthcare-associated infections (HAIs). Antimicrobial coatings offer an effective solution for preventing infections on medical devices, thereby reducing the burden of HAIs and associated treatment costs. Consequently, healthcare providers are more inclined to adopt antimicrobial-coated devices as part of their infection control measures, driving market growth as demand for these innovative solutions aligns with the broader goals of enhancing healthcare quality and efficiency.
Threat:
Cost constraints
Cost constraints in antimicrobial coatings for medical devices stem from the additional expenses incurred in integrating antimicrobial properties into devices. These costs include research and development, manufacturing, and regulatory compliance. As a result, antimicrobial-coated medical devices often carry a higher price tag compared to non-coated alternatives. This increased cost can deter healthcare providers from investing in such devices, , impacting the adoption rate of these innovative technologies.
Covid-19 Impact
The covid-19 pandemic has had a significant impact on the antimicrobial coatings for medical devices market. With increased focus on infection control and prevention, there has been a surge in demand for antimicrobial coatings to mitigate the risk of healthcare-associated infections. However, disruptions in the supply chain and reduced healthcare spending in some regions have hindered market growth. Despite challenges, the market is expected to rebound as healthcare facilities prioritize patient safety, driving continued innovation and adoption of antimicrobial coatings for medical devices.
The surgical instruments segment is expected to be the largest during the forecast period
The surgical instruments segment is estimated to have a lucrative growth. Antimicrobial coatings for surgical instruments provide a crucial layer of protection against healthcare-associated infections (HAIs) in clinical settings. These coatings are designed to inhibit the growth of bacteria, viruses, and other pathogens on the surface of surgical instruments, reducing the risk of infections during medical procedures. By enhancing the sterility of surgical equipment, antimicrobial coatings contribute to improved patient safety and outcomes. Additionally, they help healthcare facilities comply with stringent infection control standards.
The hospitals segment is expected to have the highest CAGR during the forecast period
The hospitals segment is anticipated to witness the highest CAGR growth during the forecast period. In hospital applications, antimicrobial coatings for medical devices play a crucial role in reducing the risk of healthcare-associated infections by inhibiting the growth of bacteria, viruses, and other pathogens on medical equipment surfaces. By enhancing infection control measures, antimicrobial coatings contribute to patient safety, lower HAI rates, and reduce healthcare costs associated with treating infections. Consequently, they are widely adopted in hospitals to improve overall hygiene and enhance patient outcomes.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to rising awareness about healthcare-associated infections (HAIs) and the need for infection control measures. With increasing healthcare expenditure and technological advancements in countries like China, India, Japan, and South Korea, the demand for antimicrobial coatings has surged. Key players are focusing on strategic partnerships and product innovations to capitalize on the growing market potential in the Asia Pacific region. Additionally, the region's large population base and expanding healthcare infrastructure further contribute to market growth.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to its stringent regulatory standards and the rising adoption of advanced medical technologies. The region's well-established healthcare infrastructure, coupled with high healthcare expenditure in countries like the United States and Canada, fuels market expansion. Moreover, the presence of prominent market players and extensive research and development activities contribute to market competitiveness. Focus on improving patient outcomes further propels the growth of the North American antimicrobial coatings market for medical devices.
Key players in the market
Some of the key players profiled in the Antimicrobial Coatings For Medical Devices Market include BASF SE, Covalon Technologies Limited, Royal DSM, Specialty Coating Systems Inc., BioInteractions Limited, Surmodics Inc., AST Products Inc., Hydromer Inc., Sono-Tek Corporation, Microban International, Bio-Gate AG, NAGASE Specialty Materials LLC, Harland Medical Systems, Camstent Limited and Alistagen Corporation.
Key Developments:
In October 2022, Microban International presented LapisShield™, a novel, non-heavy-metal technology designed to seamlessly integrate antimicrobial functionality into any water-based coating formulation. This broad spectrum antimicrobial technology is proven to inhibit bacterial growth by up to 99.99 %, and prevent the growth of mold and mildew, helping to protect treated surfaces from various sources of microbial degradation.
In April 2022, BioInteractions, a UK biomaterial technology company, has launched TridAnt, a new coating technology for medical devices which represents a paradigm shift in infection prevention and protection against a broad range of pathogens. TridAnt incorporates active and passive components to create a non-leaching, effective, safe and durable antimicrobial coating for medical devices and implants.
Coating Types Covered:
• Silver-based Coatings
• Copper-based Coatings
• Zinc-based Coatings
• Titanium-based Coatings
• Nitric Oxide Releasing Coatings
• Quaternary Ammonium Compounds (QAC) Coatings
• Polymeric Coatings
• Other Coating Types
Medical Device Types Covered:
• Cardiovascular Devices
• Orthopedic Devices
• Urological Devices
• Neurological Devices
• Ophthalmic Devices
• Dental Devices
• Gastrointestinal Devices
• Dermatological Devices
• Other Medical Device Types
Mode of Actions Covered:
• Surface Modification Coatings
• Release Coatings
• Reactive Coatings
• Passive Coatings
Applications Covered:
• Catheters
• Surgical Instruments
• Implants
• Endoscopes
• Wound Dressings
• Medical Textiles
• Other Applications
End Users Covered:
• Hospitals
• Ambulatory Surgical Centers
• Home Healthcare Settings
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Antimicrobial Coatings For Medical Devices Market, By Coating Type
5.1 Introduction
5.2 Silver-based Coatings
5.3 Copper-based Coatings
5.4 Zinc-based Coatings
5.5 Titanium-based Coatings
5.6 Nitric Oxide Releasing Coatings
5.7 Quaternary Ammonium Compounds (QAC) Coatings
5.8 Polymeric Coatings
5.9 Other Coating Types
6 Global Antimicrobial Coatings For Medical Devices Market, By Medical Device Type
6.1 Introduction
6.2 Cardiovascular Devices
6.3 Orthopedic Devices
6.4 Urological Devices
6.5 Neurological Devices
6.6 Ophthalmic Devices
6.7 Dental Devices
6.8 Gastrointestinal Devices
6.9 Dermatological Devices
6.10 Other Medical Device Types
7 Global Antimicrobial Coatings For Medical Devices Market, By Mode of Action
7.1 Introduction
7.2 Surface Modification Coatings
7.3 Release Coatings
7.4 Reactive Coatings
7.5 Passive Coatings
8 Global Antimicrobial Coatings For Medical Devices Market, By Application
8.1 Introduction
8.2 Catheters
8.3 Surgical Instruments
8.4 Implants
8.5 Endoscopes
8.6 Wound Dressings
8.7 Medical Textiles
8.8 Other Applications
9 Global Antimicrobial Coatings For Medical Devices Market, By End User
9.1 Introduction
9.2 Hospitals
9.3 Ambulatory Surgical Centers
9.4 Home Healthcare Settings
9.5 Other End Users
10 Global Antimicrobial Coatings For Medical Devices Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Covalon Technologies Limited
12.3 Royal DSM
12.4 Specialty Coating Systems Inc.
12.5 BioInteractions Limited
12.6 Surmodics Inc.
12.7 AST Products Inc.
12.8 Hydromer Inc.
12.9 Sono-Tek Corporation
12.10 Microban International
12.11 Bio-Gate AG
12.12 NAGASE Specialty Materials LLC
12.13 Harland Medical Systems
12.14 Camstent Limited
12.15 Alistagen Corporation
List of Tables
1 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Region (2021-2030) ($MN)
2 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Coating Type (2021-2030) ($MN)
3 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Silver-based Coatings (2021-2030) ($MN)
4 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Copper-based Coatings (2021-2030) ($MN)
5 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Zinc-based Coatings (2021-2030) ($MN)
6 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Titanium-based Coatings (2021-2030) ($MN)
7 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Nitric Oxide Releasing Coatings (2021-2030) ($MN)
8 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Quaternary Ammonium Compounds (QAC) Coatings (2021-2030) ($MN)
9 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Polymeric Coatings (2021-2030) ($MN)
10 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Other Coating Types (2021-2030) ($MN)
11 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Medical Device Type (2021-2030) ($MN)
12 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Cardiovascular Devices (2021-2030) ($MN)
13 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Orthopedic Devices (2021-2030) ($MN)
14 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Urological Devices (2021-2030) ($MN)
15 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Neurological Devices (2021-2030) ($MN)
16 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Ophthalmic Devices (2021-2030) ($MN)
17 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Dental Devices (2021-2030) ($MN)
18 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Gastrointestinal Devices (2021-2030) ($MN)
19 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Dermatological Devices (2021-2030) ($MN)
20 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Other Medical Device Types (2021-2030) ($MN)
21 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Mode of Action (2021-2030) ($MN)
22 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Surface Modification Coatings (2021-2030) ($MN)
23 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Release Coatings (2021-2030) ($MN)
24 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Reactive Coatings (2021-2030) ($MN)
25 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Passive Coatings (2021-2030) ($MN)
26 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Application (2021-2030) ($MN)
27 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Catheters (2021-2030) ($MN)
28 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Surgical Instruments (2021-2030) ($MN)
29 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Implants (2021-2030) ($MN)
30 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Endoscopes (2021-2030) ($MN)
31 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Wound Dressings (2021-2030) ($MN)
32 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Medical Textiles (2021-2030) ($MN)
33 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Other Applications (2021-2030) ($MN)
34 Global Antimicrobial Coatings For Medical Devices Market Outlook, By End User (2021-2030) ($MN)
35 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Hospitals (2021-2030) ($MN)
36 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
37 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Home Healthcare Settings (2021-2030) ($MN)
38 Global Antimicrobial Coatings For Medical Devices Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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