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Rising Incidence of Hospital-acquired Infections to Drive Antibacterial Glass Demand
Antibacterial Glass Market
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“Business expansion by means of penetration into other geographies is a key growth strategy of top players in this market,” according to TMR analyst. Increased focus on research and development for enhancing technical expertise and product innovation is the key growth strategy of top players in this market. Energy conservation and development of eco-friendly products are also what key players in this market are focused on.
TMR analyst says, “An increasing number of hospital-acquired infections (HAI) is one of the major growth drivers of the global antibacterial glass market.” As per the estimates of the World Health Organization, out of 100 hospitalized patients at any given time, ten in developing countries and seven in developed countries acquire at least one type of HAI. While basic sanitization is of paramount importance to reduce HAIs, architectural prevention is also critically important for the same.
An expansion of the medical device coatings market is also favoring the antibacterial glass market. For example, catheters that are coated with antimicrobial layers are the first choice to counter infections that are resistant to antibiotics. Technological advancements and the readiness among end users for health-boosting devices will increase the demand for antimicrobial coatings. Thus, the demand for medical device coatings will indirectly benefit the antibacterial glass market.
“Low consumer awareness and high price factor of antibacterial glass are impeding the market’s growth,” says TMR analyst. Other than technologically advanced markets such as the U.S. and countries of the European Union, emerging markets such as China, India, and Brazil have significantly low awareness about these products. This is challenging the entry of established players in new markets.Stringent regulations in place for antimicrobial coatings are also detrimental to the growth of the antibacterial glass market.
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The global antibacterial glass market is expected to reach a valuation of US$183.3 mn by 2018.
Hospitals account as the leading end-user segment in the overall antibacterial glass market. Europe is currently the leading regional segment and is expected to maintain its dominance in the global market in the coming years as well. This is mainly due to a high level of awareness about antibacterial glass along with the presence of top-notch manufacturers such as AGC Glass Europe in this region. Silver is the leading active ingredient segment of this market.
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