Rising Awareness Regarding Healthcare-Associated Infections (HCAI) Globally drive the Market Growth

Healthcare-associated infections (HCAI) are a public health concern and a major cause of global mortality and morbidity. The European Centre for Disease Prevention and Control estimated that around 3.2 million patients develop an HCAI in Europe every year. Modern healthcare employs many medical devices to treat patients and help them recover from healthcare-associated infections (HCAI). Hence, the increasing demand of medical devices to treat patients by healthcare-associated infections (HCAI) is expected to enhance the market growth in upcoming years.

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Data Bridge Market Research analyses that the Antimicrobial Coatings for Medical Devices Market is expected to reach USD 14,431.20 million by 2029 from USD 5,545.12 million in 2021, growing with a CAGR of 12.70% in the forecast period of 2022 to 2029. Increasing usage across key novel applications will provide potential opportunities for the market growth in the forecast period.

Increasing adoption of antimicrobial coating across the healthcare sector is expected to drive the market's growth rate

An antimicrobial coating is a chemical agent which is used on surface that can stop or reduce the growth of disease-causing allergens and microorganisms. Along with increasing the surface's durability, cleanability, appearance and corrosion resistance, these coatings and surfaces also protect humans from disease-causing microbes. Antimicrobial coatings help to decrease the requirement for harsh cleaning agents and the overuse of the disinfectants and sanitizers. Thus, increasing adoption of antimicrobial coating mainly in healthcare applications is expected to drive the global antimicrobial coatings for medical devices market.

Report Scope and Market Segmentation

Segment Analysis:

The antimicrobial coatings for medical devices market is segmented on the basis of product type, coating, type, additives, materials, resin type, form, and application.

• On the basis of product type, the global antimicrobial coatings market is segmented into silver antimicrobial coatings, copper antimicrobial coatings, and others.

The silver antimicrobial coatings segment of product type segment is anticipated to dominate the antimicrobial coatings for medical devices market

The silver antimicrobial coatings segment is expected to dominate the global antimicrobial coatings market with a 49.75% market share due to the high thermal conductivity, high electric conductivity and superior corrosion resistance properties of a silver antimicrobial coating that is helpful in numerous applications.

• On the basis of coating, the global antimicrobial coatings market is segmented into silver, chitosan, copper, zinc, gallium, aluminum, titanium dioxide, and others. The silver segment is expected to dominate the global antimicrobial coatings market with a 31.95% market share because various properties of silver coatings are advantageous for medical devices, metal, and other surfaces.
• On the basis of type, the global antimicrobial coatings market is segmented into Escherichia coli, pseudomonas, listeria, and others. Escherichia coli is expected to dominate the global antimicrobial coatings market with a 35.21% market share due to rising  number of infection cases in the hospital.
• On the basis of additive, the global antimicrobial coatings market is segmented into silver ion antimicrobial additives, zinc antimicrobial additives, copper antimicrobial additives, and organic antimicrobial additives. The silver ion antimicrobial additives segment is expected to dominate the global antimicrobial coatings market with a 35.73% market share because silver is used as an antimicrobial agent which inhibits bacteria survival, colonization and reproduction.
• On the basis of material, the global antimicrobial coatings market is segmented into graphene materials, silver nanoparticles, polycationic hydrogel, polymer brushes, dendrimers, and others. The graphene materials segment is expected to dominate the global antimicrobial coatings market with a 29.47% market share because of its protection against various microbes and bacteria.
• On the basis of resin type, the global antimicrobial coatings market is segmented into epoxy, acrylic, polyurethane, polyesters, and others.

The epoxy segment of resin type segment is anticipated to dominate the antimicrobial coatings for medical devices market.

Epoxy is expected to dominate the global antimicrobial coatings market with a 40.02% market share because epoxy resins have many applications in different fields and relatively easy chemical modification processes for surface modification and coating technology.

• On the basis of form, the global antimicrobial coatings market is segmented into liquid, aerosol, and powder. The liquid is expected to dominate the global antimicrobial coatings market with a 49.90% market share because less quantity of liquid is enough as compared to the powder antimicrobial coatings.
• On the basis of application, the global antimicrobial coatings market is segmented into hospitals, indoor air/HVAC, pharmaceutical equipment, mold remediation, corrosion protection, building & construction, and food packaging equipment. The hospitals' segment is expected to dominate the global antimicrobial coatings market with a 27.80% market share because there is increased HCAI all around the globe and augmented demand for antimicrobial coatings for medical devices.
• On the basis of end-users, the global antimicrobial coatings market is segmented into the pharmaceutical industry, paint and coating industry, packaging industry, textiles industry, electronics industry, metal industry, water treatment industry, and others. The textiles industry is expected to dominate the global antimicrobial coatings market with a 31.85% market share because there is growing demand for protective clothing and antimicrobial-coated face masks owing to the pandemic.

Major Players

Data Bridge Market Research recognizes the following companies as the major antimicrobial coatings for medical devices market players in antimicrobial coatings for medical devices market Siemens (Germany), Virtalis (U.K.), CAE Healthcare (U.S.), General Electric (U.S.), Virtual Realities LLC (U.K.), Qualcomm Technologies Inc. (U.S.), Samsung (South Korea), Vuzix (U.S.), Mimic Technologies Inc (U.S.), Brainlab AG (Germany), SAMSUNG (South Korea).

Market Development

• In 2022, Specialty Coating Systems, Inc., leader in conformal coatings announced the addition of Specialty Coating Systems (Vietnam) Co. Ltd. The ISO 9001:2015-certified facility offers conformal coating services to industrial electronics, aerospace, transportation and medical device industries. This expansion will aid the company to create more goodwill in Vietnam.
• In 2022, Biomerics initiated its second manufacturing plant in Costa Rica. This plant will manufacture medical device solutions for micromachining metals processing, extrusion, injection molding and final assembly procedures in cleanrooms. This move was taken to fulfil growing demand for medical device solutions in the market.
• In 2021, Specialty Coating Systems, Inc. which is a global leader in Parylene conformal coating technology and services, announced its acquisition with Diamond-MT, Inc. which is a supplier of Parylene and liquid conformal coating. This development will give new opportunities to the growth of the company.
• In 2021, DuPont acquired Rogers Corporation ("Rogers") for USD 5.2 Billion. DuPont announced its strategy as a leading multi-industrial company focused on high-margin businesses, market-leading high-growth with financial characteristics and complementary technology. This expansion will aid DuPont develop its business with the support of Rogers Corporation.

Regional Analysis

Geographically, the countries covered in the antimicrobial coatings for medical devices market report are

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in antimicrobial coatings for medical devices market during the forecast period 2022 to 2029

Asia-Pacific dominates the antimicrobial coatings for medical devices market due to the significant presence of manufacturers of medical devices products in this region. Furthermore, increasing consumption of antimicrobial coating for medical devices will further boost the growth of the antimicrobial coatings for medical devices market.

North America is estimated to be the fastest-growing region in antimicrobial coatings for medical devices market the forecast period 2022 to 2029

North America is expected to grow during the forecast period of 2022-2030 owing to the rapid growth and expansion of medical facilities in developing economies in this region. Furthermore, growing demand for polypropylene (PP) and acrylonitrile butadiene styrene (ABS) in the coating of medical devices is expected to increase the market's growth in this region.

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