Antibacterial coating is a substance that prevents bacterial adhesion and biofilm formation on the surface of medical implants. It also acts as an anti-thrombotic coating to prevent thrombus formation in the patient after surgery. Therefore, medical implants are coated with an antimicrobial coating and have an ideal surface to protect against pathogens. The market was valued at $120.22 million in 2016, and is projected to reach $343.16 million by 2023, registering a CAGR of 16.1%.

The leading factors in the global antimicrobial coating market for medical implants are the incidence of implant-related infections, increased demand for implant devices, increased bone and cardiovascular disease, and increased elderly population. However, market growth is expected to be constrained by the high cost of antimicrobial coatings, the disadvantages of silver coatings and time-consuming regulatory approvals.

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Conversely, growth in emerging markets such as China and India, which require better healthcare services, and the development of new antimicrobial coatings are expected to provide a better opportunity for market participants.

The Metallic Coatings sector had the highest share in 2016 due to the availability and availability of metal coatings in medical and clinical environments. In addition, metal coated segments are expected to continue to dominate the market during the forecast period. Although the use of antimicrobial coatings for cardiac implants is high, orthopedic implants are expected to grow at high CAGR over the forecast period.

KEY FINDINGS OF ANTIBACTERIAL COATINGS MARKET:

• The Asia-Pacific is expected to grow at a CAGR of 17.4% from 2017 to 2023.
• The Metallic Coatings segment accounted for approximately three-quarters of the global antimicrobial coatings market in the medical implant market in 2016.
• The Heart Implant sector accounted for more than one-fifth of the global antimicrobial coating market in the medical implant market in 2016.
• North America accounted for about one-third of the global antimicrobial coating market for medical implants in 2016.

The major companies profiled in the report are aap Implantate AG, AST Products, Inc., BioCote Ltd, Covalon Technologies Ltd., DOT GmbH, Harland Medical Systems Inc., Hydromer, Inc., Koninklijke DSM N.V., Sciessent LLC, and Specialty Coating Systems, Inc.

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