Antibacterial Coatings Market for Medical Implants Expected to Reach $343 Million by 2023

Antibacterial coatings are materials that prevent the bacterial adhesion and biofilm formation on the surface of medical implants. In addition, they act as anti-thrombotic coating, which prevents the formation of thrombus during bacterial infections after the surgery inpatient. So accordingly, medical implants are coated with an antibacterial coating to obtain an ideal potent surface that can provide protection against the pathogens.

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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