South & Central America Antimicrobial Coatings for Medical Devices Market

The antimicrobial coatings for medical devices market in South & Central America is expected to grow from US$ 139.10 million in 2022 to US$ 281.58 million by 2028. It is estimated to record a CAGR of 11.4% from 2022 to 2028.

Boosting prevalence of hospital acquired infections (HAIs)

Healthcare-associated infections (HAIs) include catheter-associated urinary tract infections, central line-associated bloodstream infections, and ventilator-associated pneumonia. These infections may also occur at surgery sites and are known as surgical site infections. Moreover, as published by National Healthcare Safety Network (NHSN) January 2022 report, Urinary tract infections (UTIs) are the fifth most common type of healthcare-associated infection. UTIs account for more than 9.5% of conditions reported by acute care hospitals. Catheter-Associated Urinary Tract Infection (CAUTI) is an infection of the urinary tract caused by urinary catheters that are placed to drain urine from the bladder. CAUTI is one of the most common infections among UTIs acquired in the hospital. The Centers for Disease Control and Prevention (CDC) published in 2020, that approximately 75% of infections are associated with a urinary catheter. Around 15% to 25% of hospitalized patients receive urinary catheters during their hospital stays. The most important risk factor for developing a CAUTI is prolonged urinary catheter use. Complications associated with CAUTI cause discomfort to the patient, long hospital stays, increased treatment costs, and even mortality. Additionally, as per CDC it has been estimated that more than 13,000 deaths are annually associated with UTIs. Acute uncomplicated cystitis results in an estimated 6 days of discomfort, leading to approximately 7 million office visits per year with associated costs of US$ 1.6 billion. Thus, HAIs are imposing a high economic burden on the healthcare system. The increasing incidence of CAUTI complements the rise in the use of antimicrobial coatings, therefore driving the market.

Market Overview

The growing use of antimicrobial coatings in medical device manufacturing to reduce the risk of HAIs, with campaigns by various organizations to raise awareness about this technique, favors the growth of the antimicrobial coatings for medical devices market in South & Central America. Moreover, growing safety and hygiene awareness and stringent legislation environment would continue to contribute to the market growth in the region during the forecast period. The South & Central America antimicrobial coatings for medical devices market is expected to grow at a CAGR of 12.5% during the forecast period.

South & Central America Antimicrobial Coatings for Medical Devices Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Antimicrobial Coatings for Medical Devices Market Segmentation

The South & Central America antimicrobial coatings for medical devices market is segmented into coating type, device type, material, application, end user, and country.

Based on coating type, the market is segmented into antibacterial coatings, antiviral coatings, and others. The antibacterial coatings segment registered the largest market share in 2022.

Based on device type, the market is categorized into catheters, implantable devices, surgical instruments, and other devices. The catheters segment held the largest market share in 2022.

Based on material, the market is categorized into metallic coatings and non-metallic coatings. The metallic coatings segment held the largest market share in 2022.

Based on application, the market is categorized into general surgery, cardiovascular, orthopedics, gynecology, dentistry, and other applications. The general surgery segment held the largest market share in 2022.

Based on end user, the market is categorized into hospitals and clinics, diagnostic centers, ambulatory surgical centers, and others. The hospitals and clinics segment held the largest market share in 2022.

Based on country, the market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the market in 2022.

The Dow Chemical Company; PPG Industries, Inc.; Microban International; and DSM are among the leading companies operating in the antimicrobial coatings for medical devices market in the region.

South & Central America Antimicrobial Coatings for Medical Devices Market Strategic Insights

South & Central America Antimicrobial Coatings for Medical Devices Market Segmentation Analysis

South & Central America Antimicrobial Coatings for Medical Devices Market Report Highlights

South & Central America Antimicrobial Coatings for Medical Devices Report Scope

South & Central America Antimicrobial Coatings for Medical Devices Market Country and Regional Insights