Global Medical Antimicrobial Coatings Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-21 17:31:04
The Global Medical Antimicrobial Coatings market to grow at a CAGR of 11.42 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing prevalence of hospital-acquired infection. The Global Medical Antimicrobial Coatings market has also been witnessing increasing partnership activities among vendors. However, the stringent regulation policies could pose a challenge to the growth of this market.
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.
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