Antimicrobial Medical Device Coatings Global Market To Reach Value Of About $3 Billion In 2025

10 Aug, 2021

The antimicrobial medical device coatings market consists of sales of antimicrobial medical device coatings by entities (organizations, sole traders, and partnerships) that manufacture antimicrobial coatings for medical devices. Chemicals are used in antimicrobial coatings to prevent pathogen growth by disrupting cellular membranes. In other words, an antimicrobial coating is a chemical substance that is applied to a surface to prevent disease-causing microorganisms from growing. These coatings not only improve the surface's durability, appearance, corrosion resistance, and so on, but they also protect it against disease-causing bacteria.

Global Antimicrobial Medical Device Coatings Market Size And Drivers:

The global antimicrobial medical device coatings market is expected to grow from $1.51 billion in 2020 to $1.77 billion in 2021 at a compound annual growth rate (CAGR) of 17.4%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The antimicrobial medical device coatings market is expected to reach $2.97 billion in 2025 at a CAGR of 13.8%. The rising cardiovascular diseases drive the growth of the antimicrobial medical device coatings market over the coming years.

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Trends In The Global Antimicrobial Medical Device Coatings Market

Growing technological advancements are shaping the antimicrobial medical device coating market. Major companies operating in the antimicrobial medical device coating sector are focused on developing technological solutions for antimicrobial medical device coatings to prevent the spread of viruses. For instance, in November 2020, Zonitise Ltd., a UK-based biotech firm, has introduced an antimicrobial surface treatment based on nanotechnology that has been shown to destroy hazardous viruses and bacteria for up to twelve months after one application, including TGEV coronavirus, the model virus for SARS COV 2. This coating not only disinfects surfaces but also protects them in an antimicrobial sealant that destroys and prevents the formation of any hazardous bacteria that come into touch with it for up to twelve months.

Global Antimicrobial Medical Device Coatings Market Segments:
The global antimicrobial medical device coatings market is further segmented based on type of material, device type, application, end user and geography.
By Type of Material: Metallic Coatings, Non Metallic Coatings
By Device Type: Catheters, Implantable Devices, Surgical Instruments, Others
By Application: Orthopedics, General Surgery, Dentistry, Cardiovascular, Gynecology, Others
By End User: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers
By Geography: The global antimicrobial medical device coatings market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the antimicrobial medical device coatings market in 2020.

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Antimicrobial Medical Device Coatings Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides antimicrobial medical device coatings market overviews, analyzes and forecasts market size and growth for the global antimicrobial medical device coatings market, antimicrobial medical device coatings market share, antimicrobial medical device coatings market players, antimicrobial medical device coatings market segments and geographies, antimicrobial medical device coatings market’s leading competitors’ revenues, profiles and market shares. The antimicrobial medical device coatings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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