The report “Antimicrobial Coatings for Medical Devices Market by Type of Material (Metallic Coatings (Silver Coatings), Non-metallic Coatings (Polymeric Coatings), by Device Type (Catheters, Implantable Devices, Surgical Instruments) - Global Forecast to 2020”, analyzes and studies the major market drivers, restraints, and opportunities.
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The global antimicrobial coatings for medical devices market is estimated at USD 0.61 Billion in 2015, and is projected to reach USD 1.17 Billion by 2020, at a CAGR of 14.2% during the forecast period. The global antimicrobial coatings for medical devices market for are segmented on the basis of type of material, device type, and region.
Based on type of material, the antimicrobial coatings for medical devices market is segmented into metallic coatings and non-metallic coatings. The metallic coatings segment is further segmented into silver coatings, copper coatings, and other metallic coatings. The non-metallic coatings segment is categorized into polymeric coatings, and organic coatings.
Based on device types, the antimicrobial coatings for medical devices market is segmented into catheter, implantable devices, surgical instruments, and others (mandrels & molds, guidewires, epidural needles, and elastomeric seals).
On the basis of region, the market is divided into North America, Europe, Asia-Pacific, and rest of the world (RoW). The rest of the world region comprises Latin America, the Middle East, & Africa. North America is expected to account for the largest share of the antimicrobial coatings market for medical devices, followed by Europe, Asia-Pacific, and rest of the world (RoW) in 2015.
Factors such as rising awareness about hospital-acquired infections, favorable research and funding environment, technological advancements in antimicrobial coatings, growing implantable devices market, increasing research and development activities for antimicrobial coated cardiovascular devices, high growth in geriatric population, and increasing burden of cardiovascular diseases across the globe are driving the growth of this market. However, factors such as limitations of silver coatings, presence of time and resource intensive processes for development and approval of antimicrobial coating products, and unfavorable healthcare reforms in the U.S. are hindering its market growth.
Some of the major players in the global antimicrobial coatings for medical devices market include BASF SE (Germany), AST Products, Inc. (U.S.), BioInteractions LTD (U.K.), Covalon Technologies LTD (Canada), Sciessent LLC (U.S.), Royal DSM (The Netherlands), Specialty Coating Systems, Inc. (U.S.), The Dow Chemical Company (U.S.), Hydromer, Inc. (U.S.), and PPG Industries, Inc. (U.S.).
