TechNavio recognizes the following companies as the key players in the Global Medical Antimicrobial Coatings Market: BASF SE, Covalon Technologies Ltd., Hydromer Inc., Royal DSM N.V., and Sono-Tek Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Owing to the growing potential of the Global Medical Device market, many medical device manufacturers collaborate to develop high-quality antimicrobial-based medical devices. For example, BASF Future Business GmbH, a subsidiary of BASF SE, announced collaboration with Medi-Solve Coatings LLC for antimicrobial coatings of catheters and other minimally invasive medical devices. This collaboration combines Medi-Solve’s proprietary AquaCoat coating technology with BASF Future Business’ proprietary HyGentic silver-based antimicrobial additive platform. Similarly, Hydromer Inc. signed two licensing agreements for its coating technology, one with a US-based medical device company and another with a Chinese medical device company. Thus, the increase in partnership activities is expected to drive the growth of the Global Medical Antimicrobial Coatings market.”
According to the report, the increasing prevalence of hospital acquired infections is one of the major factors that drive the growth of the Global Medical Antimicrobial Coatings market. It is estimated that every year 1.7 million cases of hospital acquired infections occur in the US and 99,000 of the cases die from these infections. Hospital acquired infections spread through contaminated medical equipment such as catheters, needles, wound dressings, and other medical consumables while performing medical practices such as surgery.
Further, the report states that one of the main challenges in this market is the stringent regulation policies. The regulations in each country vary making it very complex and difficult for vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-medical-antimicrobial-coatings-ma…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Medical Antimicrobial Coatings Market 2012-2016
