Antimicrobial Coatings Market Size

Antimicrobial Coatings Market Size

Antimicrobial Coatings Market reached at over USD 4.6 billion in 2023 and is estimated to register a CAGR of over 8.8% between 2024 and 2032, majorly led by the rising need to limit hospital-acquired infections (HAIs).

As per the U.S. Center for Disease Control and Prevention (CDC), 1.7 million hospitalized patients acquire health care associated infections (HCAIs) per year whilst being treated for other health-related problems. Antimicrobial coatings have emerged essential for surgical instruments, medical devices, and hospital surfaces for maintaining sterile environments.
 

The onset of the COVID-19 pandemic significantly triggered the awareness of the importance of hygiene and infection prevention, further driving the focus on reducing surface contamination and the spread of pathogens in public spaces, offices, and homes. This increased emphasis on safety is driving the demand for antimicrobial coatings in personal protective equipment (PPE) along with consumer goods, and electronic devices. The surge in government and regulatory support for improving public health and safety is also defining the industry development. For instance, in January 2024, the CDC granted $4.35 billion via the Public Health Infrastructure Grant to help U.S. health departments in promoting and protecting health in their communities.
 

However, the raw materials used in making antimicrobial coatings are more expensive compared to conventional products. As these coatings are subject to rigorous regulatory standards for ensuring their safety and efficacy, navigating them can be complex and time-consuming, further posing a barrier for the entry of new manufacturers. Rising concerns about the environmental impacts of certain agents, such as silver and copper, may also restrict the product usage to some extent.