Global Silver Wound Dressing Market, By Traditional Product (Silver Bandages, Others), Advanced Product (Silver Foam Dressing, Silver Plated Nylon Fiber Dressing, Silver Hydrogel/Hydrofibre, Silver Alginates, Nano Crystalline Silver Dressings, and Other), End User (Hospitals, Clinics, Home Healthcare, and Others) – Industry Trends and Forecast to 2029.
Silver Wound Dressing Market Analysis and Size
According to data from the World Health Organization, over 305 million traumatic, acute, and burn wounds are reported and treated globally each year, and this number is rising. Furthermore, it is predicted that almost 2% of people in developed nations experience chronic wounds every year. The long-term effects of radiation therapy, obesity, and diabetes all have a role in the rising incidence of chronic wounds.
Data Bridge Market Research analyses that the silver wound dressing market which was USD 882.4 million in 2021, would rocket up to USD 2216.20 million by 2029, and is expected to undergo a CAGR of 12.20% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Silver Wound Dressing Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Traditional Product (Silver Bandages, Others), Advanced Product (Silver Foam Dressing, Silver Plated Nylon Fiber Dressing, Silver Hydrogel/Hydrofibre, Silver Alginates, Nano Crystalline Silver Dressings, and Other), End User (Hospitals, Clinics, Home Healthcare, and Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
3M (U.S), Coloplast Corp (Denmark), Medline Industries, Inc. (U.S), Cardinal Health (U.S), B. Braun Melsungen AG (Germany), Smith + Nephew (U.K), ConvaTec Group PLC(U.K), Integra LifeSciences (U.S), Scapa Group Ltd. (U.K), Advanced Medical Solutions plc. (U.K), Essity Medical Solutions (Germany), Hollister Incorporated (U.S), Urgo (France), Lohmannand Rauscher (Germany), Molnlycke Health Care AB (Sweden), PAUL HARTMANN AG (Germany)
Silver wound dressings are those effective anti-microbials that are frequently used to aid in the overall management of wounds that are primarily threatened by infection. Due to changing silver content in the dressings and rising technological advancements, silver wound dressings have a wide range of functions in medical facilities.
Silver Wound Dressing Market Dynamics
- Rising chronic diseases
The market for silver wound dressings is anticipated to grow significantly over the forecast period due to a number of key factors, including the rising prevalence of chronic diseases, technological advancements, an increase in accidents and trauma cases, and a rise in the number of senior citizens.
- Usage of silver wound dressings
Silver wound dressings have a wide spectrum of antibacterial activity, minimise the risk of infection, and change the activity of metalloproteinases in wounds. As a result, traditional wound care and closure solutions are being quickly replaced by silver wound dressings, which is the main reason fuelling the market's expansion.
- Rise in sports related injuries
The rising use of silver wound dressings is thought to be prominent in the outpatient and inpatient healthcare fields. In addition, the number of sports-related injuries is increasing, and governments in various nations are investing more in total medical costs, which is another important factor fuelling the growth of the worldwide silver wound dressing market.
- Increase in the number of traumatic events
The market's growth is fuelled by rising cases of traumatic events and road accidents. This will provide beneficial opportunities for the silver wound dressing market growth.
On the other hand, the growing use of antimicrobial and tissue engineered dressings and high cost associated with wound care procedures will restrain the market's growth rate.
This silver wound dressing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the silver wound dressing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Silver Wound Dressing Market
The COVID-19 epidemic has a severe negative impact on society and the economy. The pandemic has impacted numerous organisations' supply chains and value chains. There is no exception in the market for silver dressings. The impact of the COVID-19 pandemic will be examined based on the entire industry, considering both the demand and supply side viewpoints. The pandemic's consequences would be researched and examined for both short- and long-term situations. This will help all industry participants, including suppliers, manufacturers, vendors, distributors, and end-users, to develop business strategies for the time during and after the pandemic.
Global Silver Wound Dressing Market Scope
The silver wound dressing market is segmented on the basis of traditional product, advanced product, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Silver Bandages
- Silver Foam Dressing
- Silver Plated Nylon Fiber Dressing
- Silver Hydrogel/Hydrofibre
- Silver Alginates
- Nano Crystalline Silver Dressings
- Home Healthcare
Silver Wound Dressing Market Regional Analysis/Insights
The silver wound dressing market is analysed and market size insights and trends are provided by country, traditional product, advanced product, and end user as referenced above.
The countries covered in the silver wound dressing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the silver wound dressing market owing to the extraordinary healthcare infrastructure and large pool of people suffering from diabetes.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Silver Wound Dressing Market Share Analysis
The silver wound dressing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to silver wound dressing market.
Some of the major players operating in the silver wound dressing market are:
- 3M (U.S.)
- Coloplast Corp (Denmark)
- Medline Industries, Inc. (U.S.)
- Cardinal Health (U.S.)
- B. Braun Melsungen AG (Germany)
- Smith + Nephew (U.K.)
- ConvaTec Group PLC(U.K.)
- Integra LifeSciences (U.S.)
- Scapa Group Ltd. (U.K.)
- Advanced Medical Solutions plc. (U.K.)
- Essity Medical Solutions (Germany)
- Hollister Incorporated (U.S.)
- Urgo (France)
- Lohmannand Rauscher (Germany)
- Molnlycke Health Care AB (Sweden)
- PAUL HARTMANN AG (Germany)
Research Methodology: Global Silver Wound Dressing Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.