Global antimicrobial coatings market was valued at US$ 2,918.30 million in 2019 and is projected toreach US$ 7,514.56 million by 2028; it is expected to grow at a CAGR of 11.2% from 2020 to 2028.
Antimicrobialcoatings are commonly used on doors, counters, door handles, and otherhigh-touch areas such as mechanical and HVAC vents, among other surfaces. They are also sprayed onto gloves, masks, carpeting, and textiles on occasion. Paint manufacturers use antimicrobial coatings in their primer products and wall paint to limit pathogen development in facilities. The demand for antimicrobial coatings is increasing largely with the increase in health care associated infections. The healthcare industry is expected to witness monumental transformation along with the factors such as rapid urbanization, rising instances of infectious diseases, and shift in consumer lifestyle. The demand for antimicrobial coatings has been rising in healthcare setting for sterilization of medical devices.
Healthcare-associatedinfections (HCAI) or nosocomial infections are the infections associated withthe equipment and devices, such as catheters or ventilators, used during medical procedures. Over the period, there has been rising prevalence of HCAI diseases, which has become a serious concern among various economies. For instance, according to National Center for Biotechnology Information, it has been estimated that almost 2 million patients in the US suffer from HCAI annually, out of which ~98,000 people die. Likewise, in the EU, the European Center for Disease Prevention and Control (ECDC) registers almost 4.1 million acute care patients acquiring HCAI every year with ~37,000 deaths. Further, as per the World Health Organization (WHO), almost 7% and 10% of patients from developed and developing economies respectively have instances of healthcare associated infection during medical treatment. HCAIs poses major health challenge in healthcare units and the conditions arising from HCAIs is the sixth leading cause of death in western nations and even higher in other developing economies. Therefore, in 2016, AMiCI, an association representing universities and institutes along with organizations and manufacturers, was formed in Europe to increase awareness among people and organizations about research and application of antimicrobial coatings. Antimicrobial coatings are the layers applied on medical equipment that are exposed to sensitive bodily fluids such as blood and urine. Medical equipment need regular sanitation and disinfection with antimicrobial coatings to avoid infection arising from external bacteria. The rising focus toward impact of HCAI through several programs along with active participation of hospitals and manufacturers to generate the significance of the antimicrobial coatings is expected to stimulate the growth in the global antimicrobial coatings market.
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The major playersoperating in the global antimicrobial coatings market include Cupron, AlistagenCorporation, AK Coatings Inc., Fiberlock, Microban International Ltd., PPG Industries Inc., Akzo Nobel N.V., DuPont de Nemours, Inc., Nano-Care Deutschland AG, and Axalta Coating Systems among others.The major players in the antimicrobial coatings market are focused on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally.
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