Global Silver Wound Dressing Market – Industry Trends and Forecast to 2030

Silver Wound Dressings Market Analysis and Size

According to data from the World Health Organization (WHO), 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 990.05 million in 2022, would rocket up to USD 1,793.54 million by 2030, and is expected to undergo a CAGR of 8.2% during the forecast period. This indicates the market value. “Silver Bandages” dominates the traditional product segment of the silver wound dressing market owing to the growing demand for better surgical/operating accessories. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Silver Wound Dressings Market Scope and Segmentation

Market Definition

Silver wound dressings are that effective anti-microbial 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.

Global Silver Wound Dressings Market Dynamics

Drivers

• 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, minimize the risk of infection, and change the activity of metalloproteinase in wounds. As a result, traditional wound care and closure solutions are being quickly replaced by silver wound dressings, which is the main reason expected to fuel 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 fueling the growth of the worldwide silver wound dressing market.

Opportunities

• Increase in the number of traumatic events 

The market's growth is fueled by rising cases of traumatic events and road accidents. This is expected to provide beneficial opportunities for the silver wound dressing market growth.

Restraints/Challenges

The growing use of antimicrobial and tissue engineered dressings that is more of a non-synthetic mode for preparing wound dressings in order to avoid side effect due to some medicines and also for promoting the natural healing process. However, the high cost associated with wound care procedures and accessories will restrain the market's growth rate. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, heavy custom duty imposed on the medical devices and accessories, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.

This silver wound dressing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 make an informed market decision to achieve market growth.

Recent Developments

• In January 2022, ConvaTec with a USD 450 million bid entered into the wound biologics market for the Triad Life Sciences acquisition
• In January 2021, by Healogics, The Year of Healing for Chronic Wounds was launched as a program to make 2021 a memorable year for a condition affecting 6.7 million Americans and a leading cause of amputation

Global Silver Wound Dressing Market Scope

The silver wound dressing market is segmented on the basis of traditional products, advanced product, disease and end user. The growth amongst these segments will help you analyse 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.

Traditional Product

• Silver Bandages
• Others

 Advanced Product

• Silver Foam Dressing
• Silver Plated Nylon Fiber Dressing
• Silver Hydrogel/Hydrofibre
• Silver Alginates
• Nano Crystalline Silver Dressings
• Other

By Disease

• Burns
• Ulcers
• Cuts and Lacerations
• Other Wound Types

End User

• Hospitals
• Clinics
• Home Healthcare
• Others

Global Silver Wound Dressing Market Regional Analysis/Insights

The global 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 because of the strong base of healthcare facilities, the strong presence of major players in the market, the extraordinary healthcare infrastructure, and the large pool of people suffering from diabetes.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and growing demand for advanced medical technology, the large population pool, and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The silver wound dressing market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the silver wound dressing market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the surgical microscopes market.

Competitive Landscape and Surgical Microscopes Market Share Analysis

The silver wound dressing market competitive landscape provides details by competitors. 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 the 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)

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