Escherichia Coli is expected to dominate the Antimicrobial Coatings for Medical Devices Market, Growing at the Highest CAGR of 13.5%

An antimicrobial coating is basically an application of a chemical agent on a surface that can stop or reduce the growth of disease-causing microorganisms and allergens. Along with increasing the surface's durability, appearance, corrosion resistance, and cleanability, these coatings and surfaces also protect humans from harmful, disease-causing microbes. Therefore, the global antimicrobial coatings for the medical devices market are estimated to increase rapidly over the forecasted period.

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Data Bridge Market Research analyses that the antimicrobial coatings for medical devices market is expected to grow at a CAGR of 12.8% in the forecast period of 2022 to 2029 and is expected to reach USD 14,431.20 million by 2029. Technological advancements, public awareness, and constant demand for innovative products have given rise to many innovations. Long before the pandemic hit the world, the demand for antimicrobial coatings for medical devices was gaining momentum in the healthcare sector, mainly in medical devices.

Antimicrobial Coatings For Medical Device

Rising Awareness Regarding Healthcare Associated Infections is expected to drive the Market's Growth Rate

Healthcare associated infections (HCAI), also known as nosocomial infections, are healthcare complications that result in increased morbidity and mortality for patients. HCAI increases healthcare costs for patients, hospitals, and insurers due to prolonged hospitalization and clinical care. Annually, approximately two million patients suffer from healthcare associated infections (HAIs) in the U.S., and nearly 90,000 are estimated to die. The overall direct cost of HAIs to hospitals ranges from USD 28 Billion to USD 45 Billion. There are increased healthcare-associated infections across the globe, especially in developed countries, and hence the healthcare cost also increases with the increased infections. In addition, rising awareness regarding healthcare associated infections (HCAI) is expected to act as a driver for the global antimicrobial coatings market.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Product Type (Silver Antimicrobial Coating, Copper Antimicrobial Coating, Others), Coating (Silver, Chitosan, Titanium Dioxide, Aluminium, Copper, Zinc, Gallium, Others), Type (Escherichia Coli, Pseudomonas, Listeria, Others), Additives (Silver Ion Antimicrobial Additives, Organic Antimicrobial Additives, Copper Antimicrobial Additives, Zinc Antimicrobial Additives), Material (Graphene Materials, Silver Nanoparticles, Polycationic Hydrogel, Polymer Brushes, Dendrimers, Others), Resin Type (Epoxy, Acrylic, Polyurethane, Polyester, Others), Form (Liquid, Powder, Aerosol), Application (Surgical Instruments, Implantable Devices, Guidewires, Mandrels & Molds, Catheters, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

DSM (Netherlands), PPG Industries, Inc. (U.S.), Akzo Nobel N.V., Specialty Coating Systems Inc (U.S.), Covalon Technologies Ltd. (Canada), AST Products, Inc. (U.S.), Hydromer (U.S.), Sciessent LLC (U.S.), Microban International (U.S.), Axalta Coating Systems, LLC (U.S.), Biointeractions Ltd. (U.K.) Sika India Pvt. Ltd. (Switzerland), Harland Medical Systems, Inc., Biomerics (U.S.), BioCote Limited (U.K.) among others            

Data Points Covered in Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Segment Analysis:

The global antimicrobial coatings market is segmented into nine notable segments based on product type, coating, type, material, additive, resin type, form, application, and end-users.

  • On the basis of product type, the global antimicrobial coatings market is segmented into silver antimicrobial coatings, copper antimicrobial coatings, and others. In 2022, the silver antimicrobial coatings segment is expected to dominate the global antimicrobial coatings market, growing at a CAGR of 12.2% in the forecast period of 2022 to 2029. The silver antimicrobial coatings segment is expected to dominate the product type segment due to the high electric conductivity, thermal conductivity, and corrosion resistance properties of a silver antimicrobial coating useful in various applications.
  • On the basis of coating, the global antimicrobial coatings market is segmented into silver, chitosan, copper, zinc, gallium, aluminum, titanium dioxide, and others. In 2022, the silver segment is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.7% in the forecast period of 2022 to 2029. The silver is expected to dominate the coating segment as various properties of the silver coating are beneficial for medical devices, metal, and other surfaces, coupled with increased research and development related to the silver coating for medical devices.
  • On the basis of type, the global antimicrobial coatings market is segmented into Escherichia coli, pseudomonas, listeria, and others. In 2022, Escherichia coli is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.5% in the forecast period of 2022 to 2029. In 2022, Escherichia coli is expected to dominate the type segment on account of the increasing number of infection cases in the hospital.
  • On the basis of additive, the global antimicrobial coatings market is segmented into silver ion antimicrobial additives, zinc antimicrobial additives, copper antimicrobial additives, and organic antimicrobial additives. In 2022, the silver ion antimicrobial additives segment is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.2%

The silver ion antimicrobial additives segment is expected to dominate the global antimicrobial coatings market

In 2022, the silver ion antimicrobial additives segment is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.2% in the forecast period of 2022 to 2029. In 2022, the silver ion antimicrobial additives segment is expected to dominate the additive segment as silver has long been used as an antimicrobial agent, and small amounts of silver disrupt bacteria's metabolism by preventing it from converting nutrients into energy, which inhibits bacteria survival, reproduction and colonization.

  • On the basis of material, the global antimicrobial coatings market is segmented into graphene materials, silver nanoparticles, polycationic hydrogel, polymer brushes, dendrimers, and others. In 2022, the graphene materials segment is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.8% in the forecast period of 2022 to 2029. The graphene materials segment is anticipated to dominate the global antimicrobial coatings market due to its protection against bacteria and microbes.
  • On the basis of resin type, the global antimicrobial coatings market is segmented into epoxy, acrylic, polyurethane, polyesters, and others. In 2022, epoxy is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.3% in the forecast period of 2022 to 2029. The epoxy is expected to dominate the resin type segment as epoxy resins have wide applications in different fields and relatively easy chemical modification procedures aimed at developing innovative solutions for surface modification and coating technology.
  • On the basis of form, the global antimicrobial coatings market is segmented into liquid, aerosol, and powder. In 2022, the liquid is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.0% in the forecast period of 2022 to 2029. The liquid segment is expected to dominate the form segment as less liquid is required than powder antimicrobial coatings.
  • On the basis of application, the global antimicrobial coatings market is segmented into hospitals, indoor air/HVAC, pharmaceutical equipment, mold remediation, corrosion protection, building and construction, and food packaging equipment. In 2022, the hospitals' segment is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.9%

The hospitals segment is expected to dominate the global antimicrobial coatings market

In 2022, the hospitals segment is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.9% in the forecast period of 2022 to 2029. The hospitals segment is expected to dominate the application segment as there is increased HCAI across the world and increased demand for antimicrobial coatings for medical devices.

  • On the basis of end-users, the global antimicrobial coatings market is segmented into the pharmaceutical industry, paint and coating industry, packaging industry, textiles industry, electronics industry, metal industry, water treatment industry, and others. In 2022, the textiles industry is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.7% in the forecast period of 2022 to 2029. The textiles industry is expected to dominate the end-users segment as there is increased demand for antimicrobial-coated face masks and protective clothing owing to the pandemic.

Major Players

Data Bridge Market Research recognizes the following companies as the major antimicrobial coatings for medical devices market players in antimicrobial coatings for medical devices market are DSM (Netherlands), PPG Industries, Inc. (U.S.), Akzo Nobel N.V., Specialty Coating Systems Inc (U.S.), Covalon Technologies Ltd. (Canada), AST Products, Inc. (U.S.), Hydromer (U.S.), Sciessent LLC (U.S.), Microban International (U.S.), Axalta Coating Systems, LLC (U.S.), Biointeractions Ltd. (U.K.) Sika India Pvt. Ltd. (Switzerland), Harland Medical Systems, Inc., Biomerics (U.S.), BioCote Limited (U.K.)

Antimicrobial Coatings For Medical Device

Market Development

  • In April 2022, Specialty Coating Systems, Inc. announced the addition of Specialty Coating Systems (Vietnam) Co. Ltd. The ISO 9001:2015-certified facility provides conformal coating services to customers across the consumer and industrial electronics, transportation, aerospace, and medical device industries. This development will help the company to generate more business and goodwill in Vietnam.
  • In March 2021, Specialty Coating Systems, Inc., a global leader in Parylene conformal coating services and technology, announced its acquisition of Diamond-MT, Inc., a provider of Parylene and liquid conformal coating services. This development will give new growth opportunities to the company.
  • In November 2021, DuPont entered into a definitive agreement to acquire Rogers Corporation ("Rogers") for USD 5.2 Billion. DuPont announced a series of actions advancing its strategy as a premier multi-industrial company focused on market-leading high-growth, high-margin businesses with complementary technology and financial characteristics. This development will help DuPont expand its business with the help of Rogers Corporation.
  • In September 2021, BioCote Limited, showcased innovative antimicrobial coating technology, including their latest developments for plastic antimicrobial coating products. This enhanced the company's annual revenue.
  • In January 2022, Biomerics inaugurated its second manufacturing plant located in Costa Rica. The plant will manufacture medical device solutions for extrusion, injection molding, micromachining metals processing, and final assembly processes in cleanrooms. This move was taken to meet the increasing demand for medical device solutions in the market.
  • In May 2021, Hydromer announced that it has been selected as a key Coating and services partner for the company name Avinger, Inc. This move helps the company to propel its growth in the market

Regional Analysis

Geographically, the countries covered in the antimicrobial coatings for medical devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in antimicrobial coatings for medical devices market during the forecast period

Asia-Pacific dominated the antimicrobial coatings for medical devices market due to the healthcare industry's growing opportunities. Asia-Pacific will continue to dominate the antimicrobial coatings for medical devices market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increased consumption of antimicrobial coating in medical devices due to the significant presence of medical devices products manufacturers in this region.

North America is estimated to be the fastest-growing region in antimicrobial coatings for medical devices market

North America is expected to grow during the forecast period due to the rapid development of medical facilities in emerging economies in this region. In addition to this, rising demand for Polypropylene (PP) and ABS in the coating of medical devices is expected to propel the market's growth rate in this region.

COVID-19 Impact Analysis

Coronavirus disease (COVID-19) is an infectious disease caused by the newly discovered SARS-CoV-2 virus, which affects a large portion of the population. People infected with the COVID-19 virus will have mild-to-moderate respiratory illness and recover without special treatment. However, coronavirus (COVID-19) spread has been increasing globally in recent months, and the patient population has increased dramatically. The outbreak of largely impacted the healthcare industry. The pandemic had a negative impact on supply chain and manufacturing activities. Furthermore, as the world came to a halt and transportation services were halted around the world, borders were sealed to prevent the virus from spreading. During the pandemic, trade practices also faced significant challenges. As a result, the supply of implants, their import, export, local transportation, and the supply of raw materials were severely impacted.

However, the antimicrobial coatings for medical devices market was, however positively affected by it. This is due to the fact that antimicrobial coatings prevent and treat infections in humans through medical devices, which is highly needed during the COVID. As a result, the antimicrobial coatings for medical devices have enormous potential in the healthcare sectors for preventing and controlling pathogenic growth. Thus, the antimicrobial coatings for medical devices market had a massive growth during COVID-19.

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