Press release
Antibacterial Coatings Market is Rising Due to Surge in Prevalence of Implant Infections | Forecast 2023
The major factors that drive the global antibacterial coatings market for medical implants are the increase in the incidence of implant-associated infections, demand for implantable devices, the rise in bone-related and cardiovascular disorders, and growth of geriatric population.
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However, the 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, titled, "Antibacterial Coatings Market for Medical Implants: Global Opportunity Analysis and Industry Forecast, 2017-2023," the market was valued at $120.22 million in 2016, and is 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:
•BioCote Ltd
•Covalon Technologies Ltd.
•DOT GmbH
•Harland Medical Systems Inc.
•Hydromer Inc.
•Koninklijke DSM N.V.
•Sciessent LLC
•Specialty Coating Systems Inc.
Key Findings:
•Non-metallic coating segment is expected to grow at a CAGR of 13.8% from 2017 to 2023.
•Metallic coatings segment accounted for the 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.
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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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