Press release
Antibacterial Coatings Market for Medical Implants Expected to Reach $343 Million by 2023
The major factors that drive the global antibacterial coatings market for medical implants are increase in incidence of implant-associated infections, demand for implantable devices, rise in bone related and cardiovascular disorders, and growth of geriatric population.
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However, a high cost of antibacterial coatings, few drawbacks of silver coatings, and time-consuming regulatory approvals are expected to restrain the market growth. Conversely, growth in need of better healthcare services in the emerging markets, such as China and India, and development of novel antibacterial coatings are expected to provide lucrative opportunities to the market players.
According to a new report published by Allied Market Research the market was valued at $120.22 million in 2016 and projected to reach $343.16 million by 2023, registering a CAGR of 16.1% from 2017 to 2023. Metallic coatings segment held around three-fourths share of the total market in 2016.
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Major Players:
•AST Products Inc.
•BioCote Ltd
•Covalon Technologies Ltd.
•DOT GmbH
•Harland Medical Systems Inc.
•Hydromer Inc.
•Koninklijke DSM N.V.
•Sciessent LLC
•Specialty Coating SystemsInc.
Key Market Benefits:
•Comprehensive analysis of factors that drive and restrict the market growth is provided.
•Identification of factors instrumental in changing the market scenario, the rise in opportunities, and identification of key companies that can influence this market on a global and regional scale are provided.
•Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
•The study provides an in-depth analysis of the global antibacterial coating market for medical implants with current trends and future estimations from 2016 to 2023 to elucidate the imminent investment pockets.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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