Antibacterial Coatings Market for Medical Implants Expected to Reach $1.1 Billion by 2030—Allied Market Research

According to a new report published by Allied Market Research, titled, “Antibacterial Coatings Market for Medical Implants," The antibacterial coatings market was valued at $234.42 million in 2020, and is estimated to reach $1.1 billion by 2030, growing at a CAGR of 16.4% from 2021 to 2030.

Antibacterial coatings are materials that prevent the bacterial adhesion and biofilm formation on the surface of medical implants. In addition, they act as anti-thrombotic coating, which prevents the formation of thrombus during bacterial infections after the surgery in patient. So accordingly, medical implants are coated with antibacterial coating to obtain an ideal potent surface that can provide protection against the pathogens.

Factors that drive the growth of the global antibacterial coatings market size include, increase in number of cardiac surgeries, which increases the usage of cardiac implants products. Furthermore, rise in prevalence of implant associated infections, which are related to prosthetic joints and internal fixation devices or implants where the bacteria adhere to the implant’s surface and forms the biofilm. These biofilms are not only resistant to phagocytosis, but also to most antimicrobial agents. Therefore, they cause various bacterial infections that affect both implants and neighboring tissues. However, to eliminate the occurrence of bacterial biofilm, the implants are coated with antibacterial agents, such as metal nanoparticles, antibiotics, polymers, and other antimicrobial agents. This coating keeps away the foreign material to accumulate on the implant surface. Moreover, implant manufacturers themselves are adopting measures to improve the safety of devices by incorporating appropriate medical coatings, thereby supplementing the market growth. 

Moreover, development of pharmaceutical and medical device industries and improvement in healthcare spending are anticipated to drive the growth of the antibacterial coatings industry. In addition, increase in demand for performing dental implants led to development of anti-microbial coatings materials in the healthcare sector, thereby propelling growth of the market.

Moreover, initiatives taken by governments for development of coatings materials and by the healthcare sector for manufacturing of anti-bacterial coatings materials are the key factors that boost the growth of the market. Furthermore, surge in geriatric population, who are more vulnerable to cardiovascular disease led to increase in number of cardiac implant surgeries and rise in usage of cardiac implants products increase the production of anti-bacterial coatings propel the growth of the market. 

As per the American Academy for Implant Dentistry, over 15 million people in the U.S. undergo bridge and crown replacements for missing teeth every year. Thus, facilitating the demand for dental implants, which increases the use of anti-bacterial coatings. Thus, driving the growth of the market. In addition, rise in number of cardiovascular diseases results in increase in number of cardiac implant procedures. This has led to increase in usage of anti-bacterial coatings that boosts the growth of the market. Geriatric population is at high risk of suffering from cardiovascular diseases, increasing the demand for surgical interventions. Thus, rise in geriatric population is expected to drive the antibacterial coatings market growth during forecast period.

The anti-bacterial coatings market is segmented on the basis of materials, product type, and region. On the basis of material, the market is segmented into metallic coatings and non-metallic coatings. Metallic coatings segment dominated the growth of the market in 2020. This is attributed to the usage applicability and availability of metallic coatings in medical & clinical settings. On the basis of product type, the market is divided into orthopedic implants, dental implants, neurovascular implants and others implants includes bone graft substitutes and craniomaxillofacial implants.  The other implants segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in number of bone graft substitutes and craniomaxillofacial implants surgeries and advancements in R&D activities in pharmaceutical and medical device industries. 

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.  
Region-wise, North America accounted for a majority of the antibacterial coatings market share in 2020, and is anticipated to remain dominant during the antibacterial coatings market forecast. This is attributed to rise in prevalence of cardiovascular disorders and dental disorders, increase in number of approvals for anti-bacterial coatings material, and presence of key players. Asia-Pacific is anticipated to witness lucrative growth during antibacterial coatings market analysis, owing to increase in number of orthopedic implant surgeries, rise in number of geriatric populations, and growth in healthcare expenditures.

KEY FINDINGS OF THE STUDY 
•    By material, the metallic coatings segment was the highest contributor to the market in 2020.
•   On the basis of type, the other implants segment dominated the antibacterial coatings industry in 2020, and is expected to continue this trend during the forecast period.
•    Region-wise, North America accounted for a majority of the anti-microbial coatings market share in 2020, and is anticipated to remain dominant during the forecast period.