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)
The antimicrobial coatings for medical devices market in Asia Pacific is expected to grow from US$ 404.20 million in 2022 to US$ 893.65 million by 2028. It is estimated to record a CAGR of 14.1% from 2022 to 2028.
Innovations in Silver Ion Coating to Introduce New Trends in Market
Antimicrobial coating materials include metallic and nonmetallic materials. Among these, metallic coating, such as silver and copper, are used applied majorly on surgical tools, implants, MRI machines, and many other medical devices to provide or enhance their biological and physical characteristics. Silver coating of medical devices is believed to prevent device-associated infections; the plating can sometimes be as thin as 0.000003 inches. Silver keeps a check on bacterial growth and even targets components within bacteria cells. Such antimicrobial and antibacterial qualities are critical for ensuring the safety of medical devices. Thus, the trend of innovative coating products, such as silver ion coating, is expected to contribute to the Asia Pacific antimicrobial coatings for medical devices market growth during the forecast period.
Market Overview
The Asia Pacific antimicrobial coatings for medical devices market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. Favorable policies implemented by the governments of countries in this region, such as Foreign Direct Investment (FDI) and Make in India, are expected to create sufficient growth opportunities for the healthcare industries in the region, which would, in turn, trigger the consumption of antimicrobial coatings in the coming years.
Asia Pacific Antimicrobial Coatings for Medical Devices Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Antimicrobial Coatings for Medical Devices Market Segmentation
The Asia Pacific antimicrobial coatings for medical devices market is segmented into coating type, device type, material, application, and end user.
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 China, Japan, India, South Korea, Australia, and the Rest of APAC. China dominated the market in 2022. The Dow Chemical Company; PPG Industries, Inc.; Microban International; DSM; and Covalon Technologies Ltd. are among the leading companies operating in the antimicrobial coatings for medical devices market in the region.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific antimicrobial coatings for medical devices market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific antimicrobial coatings for medical devices market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the antimicrobial coatings for medical devices market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook