Antimicrobial Coatings for Medical Devices Market Scope and Analysis by 2028
Antimicrobial Coatings for Medical Devices Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 1.59 Billion |
Market Size by 2028 | US$ 3.85 Billion |
Global CAGR (2021 - 2028) | 13.5% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Coating Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the antimicrobial coatings for medical devices market. A few recent key market developments are listed below:
- In May 2023, PPG industries announced a $44 million investment to upgrade five powder coating manufacturing facilities in the U.S. and Latin America. The projects are part of PPG’s strategic efforts to expand its powder coatings offerings and increase global production to meet growing customer demand for sustainably advantaged products.
- In April, 2023 PPG completed a $15-million investment to enhance its Brazil, powder coatings production facility. The plant has been expanded by 20,000 square feet to accommodate two state-of-the-art lines for bonded metallic powder and automated packaging capabilities.
- In May 2023, Bio-Gate and OSSIS expand into more international markets with HyProtect coatings. In May 2023, OSSIS was acquired by Zimmer Biomet – a global medical device technology manufacturer. However, the cooperation with Bio-Gate will remain the same due to the high quality of the HyProtect coating. Therefore the partnership will be expanded to further international markets.