Global Antimicrobial Coatings Market for medical implants is projected to reach $343.16 million by 2023 from was $120.22 million in 2016, registering a CAGR of 16.1% from 2017 to 2023.
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Antibacterial coatings are overlay materials that prevent the growth of bacteria on the implants surface. Medical implants, placed internally, may introduce bacterial infections that need to be replaced.
Frequent replacement of implants can cause excessive discomfort in patients, thus to prevent this, medical implants can be treated with antibacterial agents. Antibacterial coatings are biocompatible, bio-stable, and nontoxic.
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These coatings are segmented into metallic coatings & non-metallic coatings. Metallic coatings are further divided into silver coatings, copper coatings, and other metallic coatings.
On the other hand, non-metallic coatings are categorized into polymeric coatings and organic coatings.
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Drivers, Restraints and Opportunities
Rise in prevalence of implant associated infections, surge in global geriatric population, the increase in the number of implantation surgeries, and high incidence of implant associated infections drive the market. However, high costs of raw materials involved in antibacterial coating and time-consuming regulatory approvals for the coatings restrain the market growth.
The impact of the driving factors is expected to surpass that of the restraints. Moreover, the development of effective antibacterial coating for medical implants and presence of untapped market in the developing nations are expected to present new opportunities for market players in the near future.
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.
The key players operating in this market include aap Implantate AG, AST Products, Inc., BioCote Ltd, Covalon Technologies Ltd., DOT GmbH, Harland Medical Systems Inc., Hydromer, Inc., Koninklijke DSM N.V., Sciessent LLC, and Specialty Coating Systems, Inc.
Key Market Benefits
- 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.
Antimicrobial Coatings Market Key Segments: By Material
- Metallic Coatings
- Silver Coatings
- Copper Coatings
- Other Coatings
- Non-Metallic Coatings
- Polymeric Coatings
- Organic Coatings
- Orthopedic Implants
- Dental Implants
- Neurovascular Implants
- Cardiac Implants
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