The Global Antimicrobial Coatings Market size is expected to reach $2,186.8 million by 2024, rising at a market growth of 14.3% CAGR during the forecast period

NEW YORK, Jan. 3, 2019 /PRNewswire/ -- The Global Antimicrobial Coatings Market size is expected to reach $2,186.8 million by 2024, rising at a market growth of 14.3% CAGR during the forecast period. Antimicrobial coatings are employed to prevent the growth of bacteria and other organisms on several surfaces. These are an ultimate overlay material used to destroy the growth of microorganism. The antimicrobial coating industry is growing at a rapid pace, wherein healthcare sector have exhibited the considerable growth in the recent years.

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The growing concern of bacterial infection and rising emphasis on hygiene have provoked the demand for antimicrobial coating in the healthcare industry. The prime factor driving the market growth is the infection associated with the medical devices that are implanted in patient's body. Mostly the bacterial infection poses serious problems leading to several health issues along with the cost burden both to the patient and healthcare settings globally. The antimicrobial coatings are nontoxic, bio compatible and bio stable for a wide range of medical devices, thereby driving the market growth.

The global antimicrobial coatings market is segmented into material, type and geography. On the basis of material, the market is segmented into metallic coatings & non-metallic coatings. Metallic coatings are further sub segmented into silver coatings, copper coatings, and other metallic coatings. The non-metallic coatings are further segmented into polymeric coatings and organic coatings. On the basis of type the market is segmented into Orthopedic Implants, Cardiac Implants, Dental Implants, Neurovascular Implants and Other Types. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa (LAMEA).

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Prominent players offering Antimicrobial Coatings Market include PPG Industries, Inc. AST Products, Inc., Biointeractions Ltd, Sciessent LLC, Specialty Coating Systems, Inc., BASF Corporation, Covalon Technologies Ltd., Koninklijke DSM N.V., DowDuPont and Hydromer, Inc.

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