Portland, OR -- (SBWIRE) -- 11/28/2017 -- Global Antimicrobial Coatings Market for medical implants is projected to reach $343.16 million by 2023 from was $120.22 million in 2016, registering a CAGR of 16.1% from 2017 to 2023. Antibacterial coatings are overlay materials that prevent the growth of bacteria on the implants surface. Medical implants, placed internally, may introduce bacterial infections that need to be replaced. Frequent replacement of implants can cause excessive discomfort in patients, thus to prevent this, medical implants can be treated with antibacterial agents. Antibacterial coatings are biocompatible, bio-stable, and nontoxic.

Rise in prevalence of implant associated infections, surge in global geriatric population, the increase in the number of implantation surgeries, and high incidence of implant associated infections drive the market. However, high costs of raw materials involved in antibacterial coating and time-consuming regulatory approvals for the coatings restrain the market growth. The impact of the driving factors is expected to surpass that of the restraints.

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The global antibacterial coating market for medical implants is segmented based on material, type, and region. Based on material, it is bifurcated into metallic and non-metallic coatings. Metallic coatings are further segmented into silver coatings, copper coatings, and other coatings. Non-metallic coatings segment is further divided into polymeric coatings and organic coatings.

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The key players operating in this market include 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.

Antimicrobial Coatings Market Key Segments:

By Material

-Metallic Coatings
-Silver Coatings
-Copper Coatings
-Other Coatings
-Non-Metallic Coatings
-Polymeric Coatings
-Organic Coatings

By Type

-Orthopedic Implants
-Dental Implants
-Neurovascular Implants
-Cardiac Implants
-Others