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Antimicrobial Medical Device Coatings Market Share, Trends, Key Drivers And Forecast To 2032
Antimicrobial Medical Device Coatings Market Analysis
The Business Research Company's Antimicrobial Medical Device Coatings Global Market Report 2023 identifies rising cardiovascular diseases as the major driver for the antimicrobial medical device coatings market's growth in the forecast period. Cardiovascular diseases (CVDs) are the primary, source of death worldwide with low- and middle-income nations accounting for three-quarters of CVD deaths. Antimicrobial coated cardiovascular devices are used for the treatment of cardiovascular diseases and disorders.
The global antimicrobial medical device coatings market size grew from $2.1 billion in 2022 to $2.43 billion in 2023 at a compound annual growth rate (CAGR) of 16.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The antimicrobial medical device coatings market size is expected to grow to $4 billion in 2027 at a CAGR of 13.2%.
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Major competitors in the antimicrobial medical device coatings market are AST Products Inc., BioInteractions Ltd., Covalon Technologies Ltd., Royal DSM, Hydromer, BASF SE, Sciessent LLC.
A key trend in the antimicrobial medical device coatings market includes growing technological advancements. Major companies operating in the antimicrobial medical device coating sector are focused on developing technological solutions for antimicrobial medical device coatings to prevent the spread of viruses. For instance, in November 2020, Zonitise Ltd., a UK-based biotech firm, introduced an antimicrobial surface treatment based on nanotechnology that has been shown to destroy hazardous viruses and bacteria for up to twelve months after one application, including TGEV COVID-19, the model virus for SARS COV 2. This coating not only disinfects surfaces but also protects them in an antimicrobial sealant that destroys and prevents the formation of any hazardous bacteria that come into touch with it for up to twelve months.
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The antimicrobial medical device coatings market is segmented -
1) By Type of Material: Metallic Coatings, Non Metallic Coatings
2) By Device Type: Catheters, Implantable Devices, Surgical Instruments, Other Device Types
3) By Application: Orthopedics, General Surgery, Dentistry, Cardiovascular, Gynecology, Other Applications
4) By End User: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the antimicrobial medical device coatings market.
The Business Research Company's "Global Antimicrobial Medical Device Coatings Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Antimicrobial Medical Device Coatings Market Include:
1. Executive Summary
2. Antimicrobial Medical Device Coatings Market Characteristics
3. Antimicrobial Medical Device Coatings Market Trends And Strategies
4. Antimicrobial Medical Device Coatings Market - Macro Economic Scenario
5. Antimicrobial Medical Device Coatings Market Size And Growth
……
26. Africa Antimicrobial Medical Device Coatings Market
27. Antimicrobial Medical Device Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Antimicrobial Medical Device Coatings Market
29. Antimicrobial Medical Device Coatings Market Future Outlook and Potential Analysis
30. Appendix
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