Antibacterial Coatings Market Anticipated to Grow at an Impressive Rate during the Period

The Antibacterial Coatings Market is expected to reach $ 343.16 million in 2023, with a CAGR of 16.1% from 2017 through 2023. The metal coating sector accounted for about three-quarters of the entire market in 2016.

Antibacterial coating is a substance that prevents bacterial adhesion and biofilm formation on the surface of medical implants. It also acts as an anti-thrombotic coating to prevent thrombus formation in the patient after surgery. Therefore, medical implants are coated with an antimicrobial coating and have an ideal surface to provide protection against pathogens.

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The major companies profiled in the report are
 aap Implantate AG
 AST Products Inc.
 BioCote Ltd
 Covalon Technologies Ltd.
 DOT GmbH
 Harland Medical Systems Inc.
 Hydromer Inc.
 Koninklijke DSM N.V.
 Sciessent LLC
 Specialty Coating Systems Inc.

The leading factors in the global antimicrobial coating market for medical implants are the incidence of implant-related infections, increased demand for implant devices, increased bone and cardiovascular disease, and increased elderly population. However, market growth is expected to be constrained by the high cost of antimicrobial coatings, the disadvantages of silver coatings and time-consuming regulatory approvals.

Conversely, growth in emerging markets such as China and India that require better healthcare services and the development of new antimicrobial coatings are expected to provide a better opportunity for market participants.

The Metallic Coatings sector accounted for the largest share in 2016 due to the availability and availability of metal coatings in medical and clinical environments. In addition, metal coated segments are expected to continue to dominate the market during the forecast period. The use of antimicrobial coatings on cardiac implants is high, but orthopedic implants are expected to grow at high CAGR over the forecast period. This is due to increased incidence of bone-related diseases such as fractures or joint replacements that increase the use of orthopedic implants.

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Key Findings of the Antibacterial Coatings Market:
• Non-metallic coating segment is expected to grow at a CAGR of 13.8% from 2017 to 2023.
• Metallic coatings segment accounted for around three-fourths share of the global antibacterial coatings market for medical implants in 2016.
• Cardiac implants segment accounted for more than one-fifth share of the global antibacterial coatings market for medical implants in 2016.
• Asia-Pacific is expected to grow at the highest CAGR of 17.4%, from 2017 to 2023.
• North America accounted for around one-third share of the global antibacterial coatings market for medical implants in 2016.

North America was the leading revenue contributor to the global antibacterial coatings market for medical implants. This is attributed to the early adoption of technologically advanced coating and high use of implantable devices due to rise in incidence of chronic disorders.

However, Asia-Pacific is expected to grow at the highest CAGR during the study period, due to increase in affordability, surge in healthcare expenditure, and growth in awareness about implantation surgeries.

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