Antimicrobial Coated Medical Devices Market Size to Reach US$ 1,344 Mn in 2022 | New Opportunities Planning by Future Market

Antimicrobial Coated Medical Devices Market Outlook (2022-2032)

[333 Pages Report] Global antimicrobial coated medical devices market is anticipated to be valued at US$ 1,344 Million in 2022, forecast to grow at a CAGR of 13.1% to be valued at US$ 5,205.2 Million from 2022 to 2032.

Growth is attributed to the rising awareness about bacterial and microbial infections. From 2016 to 2021, the market experienced a CAGR of 13.1%. The antimicrobial coating is useful in healthcare-associated infections. The antimicrobial coating features a highly effective viable antimicrobial coating and modifications precisely dosed and delivered right from the surface of the medical device.

The increasing awareness about bacterial and microbial infections led to the increasing demand for antimicrobial-coated medical devices is expected to provide growth opportunities for the market.

North America is considered to be a highly lucrative market for the antimicrobial-coated medical devices market driven primarily by its utilization across the healthcare sector and rapid infrastructure development in healthcare.

The high cost of the coating process and stringent rules and regulations restrict the demand for antimicrobial coating and restrain the growth of the global antimicrobial-coated medical devices market over the forecast period.

Which are Some Prominent Drivers Spearheading Antimicrobial Coated Medical Devices Market Growth?

Technological advancement in the healthcare sector and the increasing burden of cardiovascular diseases are expected to accrue significant benefits to the global antimicrobial-coated medical devices market. Also, technological advancements in antimicrobial coatings and the growing implantable devices market are expected to propel the growth of the antimicrobial-coated medical devices market in forecasting years.

The increasing research and development activities and innovations in the antimicrobial coating process are also expected to bolster the growth of the global antimicrobial-coated medical devices market. The advanced medical infrastructure and facilities are also expected to propel the demand for antimicrobial-coated medical devices, driving the global antimicrobial-coated medical devices market over a forecast period.

What are the Challenges Faced by the Antimicrobial Coated Medical Devices Industry?

Although the antimicrobial-coated medical devices market has numerous uses, there are numerous obstacles that likely pose a challenge to market growth. High costs associated with a coating process and other components may hamper the growth of the global antimicrobial-coated medical devices market.

In addition, the stringent rules and regulations, and unfavorable reforms for the material and process used for antimicrobial coating for medical devices may hinder the growth of the antimicrobial-coated medical devices market in the forecasting period. The limitations related to metallic coatings such as silver coating and copper coating due to the antimicrobial resistance may restrain the growth of the global antimicrobial coated medical devices market over the forecast period.

Why is North America Emerging as an Opportunistic Antimicrobial Coated Medical Devices Market?

North America was the largest market for the angiographic-catheters market, and the trend is expected to continue into the forecast period owing to the increasing preference for advanced antimicrobial coated medical devices over conventional procedures for patient safety purposes.

Moreover, rising awareness about antimicrobial-coated medical devices and increasing government investment in medical technologies are the other factors fueling the growth of this market in the region.

The region is forecast to have a 36% market share of the antimicrobial-coated medical devices market. North America is expected to be the next dominant region witnessing high adoption rates for the antimicrobial-coated medical devices market during the forecast period.

How is Europe Contributing to the Growth of the Antimicrobial Coated Medical Devices Market?

According to Future Market Insights, Europe is expected to provide immense growth opportunities for the antimicrobial-coated medical devices market due to the expansion of the healthcare sector in the region. The antimicrobial-coated medical devices market is expected to witness sustained growth over the forecast period.

The growth of the antimicrobial-coated medical devices market is driven by the increasing demand for antimicrobial-coated medical devices in the region. Europe accounts for a total of 27% share in the antimicrobial-coated medical devices market.

How is the Start-Up Ecosystem in the Antimicrobial Coated Medical Devices Market?

While a number of innovations have significantly advanced healthcare, a legion of start-ups in the market for antimicrobial coated medical devices are evolving in the recent times.

Example:

TheraDep, a US-based firm, offers customised biologic coatings for medical and lab equipment. By combining cold atmospheric plasma with desired biomolecules or medications, the start-up’s patented BioDep technique enables them to cling and attach to any surface.

For improved wound healing and infection therapy, the start-up’s AerMedX deposition method enables the non-systemic administration of collagen and medications directly onto tissues or implants.

Last but not least, Labware offers lab instruments for diagnostic and research purposes that have coatings of peptides, amino acids, proteins, polysaccharides, and other sophisticated substances.

What is the Competitive Landscape in the Antimicrobial Coated Medical Devices Market?

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as AST products, Inc., Covalon Technologies Ltd., BASF SE account for considerable market size, several regional level players are also operating across key growth regions.

Recent developments:

• Innovative antimicrobial coating technology, including BioCote Limited’s most recent advancements for plastic antimicrobial coating solutions, were on display. This increased the business’s yearly revenue.
• The company Hydromer has announced that Avinger, Inc. has chosen them as a significant partner for coating and services. This action aids the business in accelerating its market expansion.

Key players:

• AST Products, Inc.
• Covalon Technologies Ltd.
• BASF SE
• Bio Interaction Ltd.
• Royal DSM
• Sciessent LLC
• Specialty Coating Systems
• Hydromer Inc.
• Dow Chemical Company
• Biocote
• PPG Industies, Inc.

Report Scope

Growth Rate

CAGR of 13.1% from 2022 to 2032

Base Year for Estimation

2021

Market Value in 2022

US$ 1,344 Million

Market Value in 2032

US$ 5,205.2 Million

Historical Data

2016-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in US$ Million and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

• Device Type
• Coating Material
• Region
• Regions Covered
• North America
• Latin America
• Asia Pacific
• Middle East and Africa
• Europe
  Key Countries Profiled
• U.S
• Canada
• Brazil
• Mexico
• Germany
• U.K
• France
• Spain
• Italy
• China
• Japan
• South Korea
• Malaysia
• Singapore
• Australia
• New Zealand
• GCC
• South Africa
• Israel
  Key Companies Profiled
• AST products Inc.
• Covalon Technologies Ltd.
• BASF SE
• Bio Interaction Ltd.
• Royal DSM
• Sciessent LLC
• Specialty Coating Systems Inc.
• Hydromer Inc.
• Dow Chemical Company
• Biocote
• PPG Industries, Inc.

Key Segments Profiled in the Antimicrobial Coated Medical Devices Industry Survey

By Device Type:

• Antimicrobial Coated Catheters
• Antimicrobial Coated Surgical Instruments
• Antimicrobial Coated Implantable Devices
• Other Antimicrobial Coated Devices

By Coating Material:

• Metallic Antimicrobial Coated Medical Devices
  • Silver Coating
  • Copper Coating
  • Other Metal Coatings
• Non-Metallic Antimicrobial Coated Medical Devices
  • Polymeric Coating
  • Organic Coating

By Region:

• North America
• Latin America
• The Asia Pacific
• Middle East and Africa
• Europe

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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