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Antibacterial Coatings Market Witness Unprecedented Growth in Coming Years: Global Players Hydromer, BioCote & Sciessent

02-25-2019 10:07 AM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Antibacterial Coatings Market Witness Unprecedented Growth

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 protect against pathogens. 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%.

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 increasingly 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.

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

MARKET PLAYERS:

• Hydromer Inc.
• Sciessent LLC
• BioCote Ltd
• Covalon Technologies Ltd.
• DOT GmbH
• Harland Medical Systems Inc.
• Koninklijke DSM N.V.
• Specialty Coating Systems Inc.

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The Metallic Coatings sector had the highest 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. Although the use of antimicrobial coatings for cardiac implants is high, orthopedic implants are expected to grow at high CAGR over the forecast period.

KEY FINDINGS OF ANTIBACTERIAL COATINGS MARKET:

• The Asia-Pacific is expected to grow at a CAGR of 17.4% from 2017 to 2023.

• The Metallic Coatings segment accounted for approximately three-quarters of the global antimicrobial coatings market in the medical implant market in 2016.

• The Heart Implant sector accounted for more than one-fifth of the global antimicrobial coating market in the medical implant market in 2016.

• North America accounted for about one-third of the global antimicrobial coating market for medical implants in 2016.

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About Us:

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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