Report : Asia Pacific Antimicrobial Coatings for Medical Devices Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Coating Type (Antibacterial Coatings, Antiviral Coatings, and Others), Device Type (Catheters, Implantable Devices, Surgical Instruments, and Other Devices), Material [Metallic Coatings (Copper Coatings, Silver Coatings, and Other Metallic Coatings) and Non-Metallic Coatings (Polymeric Coatings, Organic Coatings, and Other Non-Metallic Coatings)], Application (General Surgery, Cardiovascular, Orthopedics, Gynecology, Dentistry, and Other Applications), and End User (Hospitals & Clinics, Diagnostic Centers, Ambulatory Surgical Centers, and Others)
At 14.1% CAGR, the Asia Pacific Antimicrobial coatings for medical devices market is speculated to be worth US$ 893.65 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific antimicrobial coatings for medical devices market was valued at US$ 404.20 million in 2022 and is expected to reach US$ 893.65 million by 2028, registering a CAGR of 14.1% from 2022 to 2028. Higher use and demand of medical implants and boosting innovations in silver ion coating are factors driving the growth of the market.
With the increasing number of medical procedures and demand for advanced devices, the threat of high-risk infections from superbugs, such as MRSA, Clostridium difficile, and Pseudomonas aeruginosa, is also increasing. Implant-associated Infections (IAIs) due to medical implants account for an increasing number of deaths and high medical costs. The increasing prevalence of osteoarthritis and other conditions among consumers is leading to a surge in the knee and hip implants. Patients with osteosynthetic implants around the hip and knee show higher infection rates after joint arthroplasty. For instance, a study published in the National Library of Medicine (NLM) in 2019, titled ""Clinically Asymptomatic Patients Show a High Bacterial Colonization Rate of Osteosynthetic Implants Around the Knee but Not the Hip,"" revealed that staphylococci are the most common causative agents of periprosthetic joint infections. Thus, antimicrobial coating technology appears to be the most proficient means of improving infection control in a healthcare setting. There is a wide variety of coating technologies and antimicrobial agents for medical devices and surgical implants, ensuring the disinfection of surfaces.
On the contrary, tedious regulatory approval of antimicrobial coating products may act as restraining factor to the growth of the market.
Based on coating type, the Asia Pacific antimicrobial coatings for medical devices market is segmented into antibacterial coatings, antiviral coatings, and others. The antibacterial coatings segment held 48.8% market share in 2022, amassing US$ 253.96 million. It is projected to garner US$ 445.85 million by 2028 to expand at 14.5% CAGR during 2022–2028.
Based on device, the Asia Pacific antimicrobial coatings for medical devices market is categorized into catheters, implantable devices, surgical instruments, and other devices. The catheters segment held 32.6% market share in 2022, amassing US$ 131.74 million. It is projected to garner US$ 300.96 million by 2028 to expand at 14.8% CAGR during 2022–2028.
Based on material, the Asia Pacific antimicrobial coatings for medical devices market is categorized into metallic coatings and non-metallic coatings. The metallic coatings segment held 58.5% market share in 2022, amassing US$ 236.40 million. It is projected to garner US$ 534.78 million by 2028 to expand at 14.6% CAGR during 2022–2028.
Based on application, the Asia Pacific antimicrobial coatings for medical devices market is categorized into general surgery, cardiovascular, orthopedics, gynecology, dentistry, and other applications. The general surgery segment held 32.1% market share in 2022, amassing US$ 129.70 million. It is projected to garner US$ 292.86 million by 2028 to expand at 14.5% CAGR during 2022–2028.
Based on end user, the Asia Pacific antimicrobial coatings for medical devices market is categorized into hospitals and clinics, diagnostic centers, ambulatory surgical centers, and others. The hospitals and clinics segment held 33.1% market share in 2022, amassing US$ 133.69 million. It is projected to garner US$ 304.74 million by 2028 to expand at 14.7% CAGR during 2022–2028.
Based on country, the Asia Pacific antimicrobial coatings for medical devices market has been segmented into China, Japan, India, South Korea, Australia, and Rest of APAC. Our regional analysis states that China captured 36.1% market share in 2022. It was assessed at US$ 146.05 million in 2022 and is likely to hit US$ 337.86 million by 2028, exhibiting a CAGR of 15.0% during the forecast period.
Key players dominating the Asia Pacific antimicrobial coatings for medical devices market are The Dow Chemical Company; Covalon Technologies Ltd.; PPG Industries, Inc.; Microban International; and DSM among others.
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