PRZOOM - /newswire/ -
San Antonio, TX, United States, 2006/04/12 - Frost & Sullivan finds that the U.S. Antimicrobial Coatings Markets earned revenues of $175.4 million in 2005 and estimates this to reach $558.7 million in 2012..
There is an overwhelming need to arrest the hospital acquired infection rates in the United States, which is a serious cause of concern in the healthcare industry. The ability of antimicrobial coatings to address the above stated concern expects to offer good growth opportunities.
Frost & Sullivan finds that the U.S. Antimicrobial Coatings Markets earned revenues of $175.4 million in 2005 and estimates this to reach $558.7 million in 2012. The market expects to grow with the increasing need to address microbial growth in end application markets like healthcare facility, HVAC Equipment markets and Mold remediation markets.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the U.S. Antimicrobial Coatings Markets, then send an e-mail to Trisha Bradley, Corporate Communications at trisha.bradley[.]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. The brochure will be e-mailed to you upon receipt of this information.
The need to arrest microbe growth in applications such as hospitals, day care centers and indoor environments positively impacts the growth of the antimicrobial coatings market for the United States. The increasing knowledge and familiarity about the advantages of antimicrobial coatings protection is favoring the growth of the market.
“An increasing pressure to resist the hospital acquired infection rates is expected to play a crucial role in the growth of this market in the medical domain with its usage in wound dressings and catheters,” says Frost & Sullivan Research Analyst Rajesh Varadarajan. “Antimicrobial Coatings is increasingly seen to ensure good indoor air quality with its presence in HVAC equipments and in mold remediation market to subside mold formation.”
False claims made by certain companies and reluctance to adopt new technologies by some companies expects to impede growth of the antimicrobial coatings market. The market for antimicrobials also suffers from lack of awareness shown by end users in understanding the product benefits associated with antimicrobial coatings that is hampering product usage.
The market is witnessing products by companies that have not lived up to the claims earlier promised. This affects the market because OEMs question the efficacy of product performance.
“Medical devices manufacturer’s fear that the physical property of the device must be altered to accommodate the coating which as a result has resisted the usage of antimicrobial coatings. The end users familiarity with antimicrobial coatings affects the entire market,” notes Varadarajan.
It is suggested that antimicrobial coatings suppliers undertake initiatives to educate and spread awareness about the product as well the benefit it accompanies. Companies will have to focus on research and development activities to create competitive products, which would boost market growth and eliminate product differentiation. The antimicrobial coating suppliers should offer extended product lines that provide a broad-spectrum application reach in healthcare facilities.
U.S. Antimicrobial Coatings Markets is part of the Chemicals, Materials & Food Subscription, which also includes research in the following markets: U.S. Antimicrobial Devices Markets. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.