The Antimicrobial Medical Device Coatings Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Antimicrobial Medical Device Coatings Global Market Report 2024, The antimicrobial medical device coatings market size has grown rapidly in recent years. It will grow from $2.36 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The growth in the historic period can be attributed to aging population, regulatory compliance, increased patient awareness, healthcare infrastructure development, government initiatives.
The antimicrobial medical device coatings market size is expected to see rapid growth in the next few years. It will grow to $4.78 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to emerging markets, increasing incidence of healthcare-associated infections (hais), rise in healthcare expenditure, environmental concerns. Major trends in the forecast period include nanotechnology advancements, multifunctional coatings, integration with iot, hydrophilic coatings, collaboration and partnerships.
The rising cardiovascular diseases drive the growth of the antimicrobial medical device coatings market over the coming years. CVDs (cardiovascular diseases) are a category of heart and blood vessel problems. 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. According to the World Health Organization (WHO) report in 2021, cardiovascular diseases claimed the lives of 17.9 million individuals worldwide in 2019, accounting for 32% of all deaths. Heart attacks and strokes were responsible for 85% of these deaths. Therefore, rising cardiovascular diseases drive the growth of the antimicrobial medical device coatings market.
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The antimicrobial medical device coatings market covered in this report 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
The growing technological advancements are shaping the antimicrobial medical device coatings market. 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 April 2022, BioInteractions, a UK-based biomaterial technology company, launched TridAnt, a new coating technology for medical devices that represents a paradigm shift in infection prevention and protection against a broad range of pathogens. TridAnt incorporates active and passive components to create a non-leaching, effective, safe, and durable antimicrobial coating for medical devices and implants.
The antimicrobial medical device coatings market report table of contents includes:
- Executive Summary
- Antimicrobial Medical Device Coatings Market Characteristics
- Antimicrobial Medical Device Coatings Market Trends And Strategies
- Antimicrobial Medical Device Coatings Market – Macro Economic Scenario
- Global Antimicrobial Medical Device Coatings Market Size and Growth
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- Global Antimicrobial Medical Device Coatings Market Competitive Benchmarking
- Global Antimicrobial Medical Device Coatings Market Competitive Dashboard
- Key Mergers And Acquisitions In The Antimicrobial Medical Device Coatings Market
- Antimicrobial Medical Device Coatings Market Future Outlook and Potential Analysis
- Appendix
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