Antibacterial coatings are materials that reduce implants related infections in patients by inhibiting bacterial adhesion, colonization, and proliferation of bacteria on the implant surface and into the surrounding tissues. Medical implants are highly susceptible to infection and may result to risk in surgery. Therefore, treatment with antibacterial coatings provide protection against pathologically relevant strains of bacteria.
The global antimicrobial coatings market for medical implants was $120.22 million in 2021, and is projected to reach $343.16 million by 2026, registering a CAGR of 16.1% from 2021 to 2026.
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In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Global healthcare market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Rise in prevalence of implant associated infections, technological advancements in antibacterial coatings, and high adoption of cardiovascular & orthopedics implants drive the market growth. Moreover, increase in geriatric population and rise in burden of bone related disorders and cardiovascular diseases across the globe further drives the market growth.
However, time-consuming regulatory approval process and high cost of coating impedes the market growth. Conversely, increase in awareness about implantation surgeries, development of effective antibacterial coating for medical implants, and rise in demand for better healthcare facilities are expected to provide opportunities for the market growth during the forecast period.
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The global antibacterial coating market for medical implants is segmented based on material, type, and region. Based on material, it is bifurcated into metallic and non-metallic coatings. Metallic coatings are further segmented into silver coatings, copper coatings, and other coatings.
Non-metallic coatings segment is further divided into polymeric coatings and organic coatings. Based on type, the market is divided into orthopedic, dental, neurovascular, cardiac, and other implants. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The study provides an in-depth analysis of the global antibacterial coating market for medical implants with current trends and future estimations from 2016 to 2023 to elucidate the imminent investment pockets.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global and regional scale are provided.
Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
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Key Market Segments
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Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Key players profiled in the report:
aap Implantate AG
AST Products, Inc.
Covalon Technologies Ltd.
Harland Medical Systems Inc.
Koninklijke DSM N.V.
Specialty Coating Systems, Inc.
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