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Impact of the COVID-19 pandemic on the Antibacterial Coatings Market

08-05-2020 05:50 PM CET | Health & Medicine

Press release from: Allied Market Research

Antibacterial Coatings Market

Antibacterial Coatings Market

According to a new report titled "Antimicrobial Coatings Market for Medical Implants: World Opportunity Analysis and Industry Forecast, 2017-2023," published by Allied Market Research, the market was valued at $120.22 million in 2016 and reached $343.16 million. Is expected. The metal coating sector accounted for three-quarters of the total 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 during bacterial infection after the patient's surgery. Therefore, medical implants are coated with an antibacterial coating to obtain an ideal powerful surface that can be protected from pathogens.

Click here to access the free sample report: https://www.alliedmarketresearch.com/request-sample/4462

The main factors driving the global antimicrobial coating market for medical implants are increased incidence of implant-related infections, demand for implantable devices, increased bone-related and cardiovascular disease, and an increase in the elderly population. However, the cost of antibacterial coatings is high, the disadvantages of silver coatings are low, and market growth is expected to be limited due to time-consuming regulatory approvals. Conversely, in emerging markets such as China and India, the need for better healthcare is increasing, and the development of new antibacterial coatings is expected to offer market players a favorable opportunity.

The metal coating sector occupied the highest share in 2016 due to the applicability and availability of metal coatings in medical and clinical environments. In addition, the metal coating segment is expected to continue to dominate the market during the forecast period. Although the utilization of antimicrobial coatings for cardiac implants is high, orthopedic implants are expected to grow at high CAGRs during the forecast period. This is due to an increased incidence of bone-related disorders such as fractures or replacements of joints that increase the use of orthopedic implants.

The main results of the antibacterial coating market:
• The non-metallic coatings sector is expected to grow at an annual average rate of 13.8% from 2017 to 2023.
• The metal coating sector accounted for about 3/4 of the world's antibacterial coating market for medical implants in 2016.
• The heart implant sector accounted for one fifth of the world's antibacterial coating market for medical implants in 2016.
• The Asia Pacific region is expected to grow at a CAGR of 17.4% from 2017 to 2023.
• North America accounted for about one third of the world's antibacterial coating market for medical implants in 2016.

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North America has been a major source of revenue for the world's antibacterial coating market for medical implants. This is due to the early adoption of technologically advanced coatings and the high use of implantable devices due to the increased incidence of chronic diseases. However, the Asia-Pacific region is expected to grow at the highest CAGR during the study period due to increased economics, increased medical expenditures and increased awareness of implant surgery.

The main companies featured 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 NV, Sciessent LLC and Specialty Coating. Systems

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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