Report Ocean presents a comprehensive research report on Antibacterial Coatings, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Antibacterial Coatings.
The global antibacterial coatings market for medical implants size was US$ 270.4 million in 2021. The global antibacterial coatings market for medical implants is projected to grow to US$ 1011.1 million by 2030 by registering a compound annual growth rate (CAGR) of 11.4% during the study period from 2022 to 2030.
Anti-bacterial agents find applications in coating medical device surfaces to reduce the probability of implant-related infection. The coating can significantly lessen infections in patients by creating a surface protein layer after the implantation of foreign material.
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COVID-19 Impact Analysis
It is projected that the COVID-19 outbreak has negatively affected the global market for antibacterial coatings for medical implants. According to the British Cardiovascular Society, hospitals have delayed non-urgent elective procedures in reaction to the COVID-19 pandemic. The delivery of cardiac care was significantly constrained as a result of a change in strategy to address the spike in patients with COVID-19. Lockdown caused the use of medical implants to decline, which, in turn, reduced the manufacturing of sophisticated finished medical products and raw materials.
Regional Analysis
Based on Region, North America is projected to exhibit the highest CAGR during the analysis period due to the growing range of surgeries being performed in the region. The region is also home to a wide range of key players, which are continuously focusing on bringing advancements in the market. The key players in the region include AST Products Inc., Biocote Ltd., Harland Medical Systems, Inc., etc.
The Asia-Pacific antibacterial coatings market is projected to grow at a significant growth rate due to the rising cases of orthopedic diseases, which is leading the demand for orthopedic implantation procedures.
Factors Influencing the Market
The global antibacterial coatings market is expected to witness a notable rise in terms of revenue due to the growing prevalence of implant-associated infections and rising technological advancements in antibacterial coatings. Further, the rising adoption of cardiovascular & orthopedics implants will contribute to the growth of the market during the analysis period. The International Osteoporosis Foundation 2019 report says that nearly 200 million people were affected by osteoporosis-related fractures. The numbers are expected to increase in the coming years, which will open doors of opportunities for the antibacterial coatings market during the analysis period.
The growing cases of road accidents will bring untapped growth opportunities for the overall antibacterial coatings market for medical implants. The World Health Organization reports that 1.3 million people die every year due to road traffic crashes and accidents. Thus, it will contribute to the growth of the antibacterial coatings market for medical implants.
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Competitors in the Market
AAP IMPLANTATE AG
AST PRODUCTS INC.
BIOCOTE LTD.
COVALON TECHNOLOGIES, LTD.
DOT GMBH
HARLAND MEDICAL SYSTEMS, INC.
HYDROMER INC.
SCIESSENT LLC.
SPECIALTY COATING SYSTEMS, INC.
Secoa Technology
Other Prominent Players
Market Segmentation
The global antibacterial coatings market for medical implants segmentation focuses on Material, Type, and Region.
By Material
Metallic Coatings
Non-Metallic Coatings
By Type
Cardiac Implants
Orthopedic Implants
Dental Implants
Neurological Implants
Other Implants
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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