The Antimicrobial coatings for medical device market size is expected to reach US$ 3,851.96 million by 2028, registering a CAGR of 13.5% from 2022 to 2028, according to a new research study conducted by The Insight Partners. 

The report highlights the key factors driving the growth of the antimicrobial coatings for medical device market and prominent players with their developments in the market. The market growth is attributed to the increasing use and demand for medical implants and the rising prevalence of hospital-acquired infections (HAIs). However, the tedious regulatory approval of antimicrobial coating products is restricting the market growth.

The antimicrobial coatings for medical devices market was constantly growing owing to regular cancer screening, consultations, and treatments before the onset of the COVID-19 pandemic. The cost of overall healthcare is significantly rising in North America. The US health system incurred a direct cost of US$ 5.3 billion in 2020. Further, the healthcare system contributed US$ 60 billion in addition to the overall annual costs of the country in 2020. In 2020, over 40% of the population in North America canceled their medical appointments, and 13% reported that they required care but did not schedule or receive it.

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Based on coating type, the global antimicrobial coatings for the medical devices market are segmented into antibacterial coatings, antiviral coatings, and others. In 2022, the antibacterial coatings segment is expected to account for the largest market shareand is anticipated to grow at the highest CAGR in the market from 2022 to 2028.

The Dow Company; PPG Industries, Inc.; Microban International; Sciessent LLC; Covalon Technologies Ltd; DSM; Specialty Coating Systems Inc.; AST Product, Inc.; Hydromer; and Biointeractions are a few of the leading companies operating in the global antimicrobial coatings for medical device market. In April 2020, Agion antimicrobial by Sciessent, a US-based provider of antimicrobial solutions consisting of naturally occurring elements, is incorporated into FDA-cleared N95 respirator masks, the type of mask with the highest demand during the COVID-19 pandemic. Moreover, in March 2020, over 3 million Nexera SpectraShield 9500 masks incorporating the Agion AM were delivered to healthcare facilities globally. Antimicrobial coatings used in medical devices help reduce the infection rates. The growing healthcare expenditure by governments, along with rising adoption of products with antimicrobial coatings is fueling the expansion of the global antimicrobial coatings market

Antimicrobial coating is a chemical agent that helps prevent the growth of harmful bacteria, mold, viruses, and germs on applied surfaces. Antimicrobial coatings are most commonly used for walls, door handles, counters, and other areas continuously touched by people. Coatings add value and improve the functionality of the applied product by reducing contamination, stain, and smell caused due to bacterial growth. Such coatings are commonly used by hospitals and clinics, food & beverage companies, pharmaceutical manufacturing plants, and construction buildings.

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