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Silver Wound Dressing Market, (By Product Type: Traditional, Advanced & Others. By End-User Type: Hospitals, Home Healthcare, Clinics & Others. By Region - North America, Europe , Asia-Pacific , LAMEA) - Global Market Analysis, Growth, Trends & Forecast, 2022 to 2032

Published Date : November 2022 | Report Id : HCMD 181 | Format : PDF,PPT | Slides : 220
Report Type : Syndicate Report

The global silver wound dressings market was valued at $0.83 billion in 2021 and it is expected to reach $1.4 billion at a CAGR of 4.6% between 2022 and 2032. Due to the rising incidence of chronic diseases, technological improvement, an increase in accidents and trauma cases, and an increase in the number of elderly people, there is an increased demand for silver wound dressing. Additionally, the market is expected to be driven by the increased prevalence of both chronic and acute wounds as well as the launch of technologically enhanced products.

By region, North America to hold the largest share of the silver wound dressing market in the future. 

Topical wound treatment products made from ionic silver include silver dressings. These solutions offer antimicrobial or antibacterial action and deliver a consistent amount of silver to the wound. Depending on how much exudate and germs are present in the wound, the silver is activated from the dressing to the surface of the wound. Moreover, to provide antimicrobial and antibacterial action, silver wound dressings are topical wound care solutions that distribute a consistent amount of silver to the wound. They are readily accessible in the form of hydrocolloids, foam dressings, charcoal cloth dressings, and barrier layers. For managing light, moderate, or severe exudate in both acute and chronic wounds, such as surgical wounds, burns, pressure ulcers, leg ulcers, and diabetic foot ulcers, silver dressings can be used as main or secondary dressings. The global market for silver wound dressings is anticipated to grow significantly over the forecast period due to several 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. Hence, these primary factors are projected to accelerate market growth during the forecast period.

Silver Wound Dressing Market

Source: SAI Research

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With a sizable number of players, the worldwide silver wound dressings market is moderately fragmented. The quality of life for those with chronic wounds improves as technology develops and becomes more practical. Due to their efficiency in wound management by promoting quicker healing, traditional closure and wound care products are gradually being replaced by enhanced closure solutions and wound care management. Market players are concentrating on various market expansion methods, such as acquisitions, mergers, collaborations, partnerships, new product launches, etc., to strengthen their market positions. Additionally, it is anticipated that an increase in the prevalence of diabetic ulcers will drive growth in the market for silver wound dressings. The prevalence rate of acute wounds is rising due to an increase in surgeries, which is happening globally. As a result, silver-based wound dressings are being used more frequently to avoid surgical site infections since they promote quick healing. Most surgical wounds following cancer surgery are deep and big, generating exudates that need to be managed daily. The use of the silver wound care product considerably lowers the risk of infection by managing big wounds.

However, a cutting-edge silver nanoparticle hydrogel-coated bandage was created in 2021 by researchers at the University of South Australia for the treatment of burn wounds. Ultra-small silver nanoparticles that can safely destroy antibiotic-resistant germs and aid in wound healing are released 'on demand' by this dressing.

Based on product type, the global silver wound dressing market is segmented into traditional, advanced, and others. The advanced silver would segment holds most of the market share and is anticipated to drive the market during the forecast period. Silver Foam Dressing, Silver Plated Nylon Fiber Dressing, Silver Hydrogel / Hydrofibre, Silver Alginates, Nano Crystalline Silver Dressings, and other advanced silver wound dressings have been further divided into categories. The antibacterial barrier provided by the ionic silver alginate matrix aids in preventing contamination from outside germs. The silver alginate matrix aids in preserving a moist wound environment favorable to innate healing processes when wound exudate is present. Antimicrobial qualities in advanced silver wound dressing enable quick wound healing.

In terms of end-user, the hospital category accounted for the largest share of the market. One of the key factors fueling the segment's expansion is the rising demand for the treatment of both acute and chronic wounds. The segment is also expected to be driven by the rising prevalence of venous leg ulcers and diabetic foot ulcers. However, the home healthcare category is also expected to dominate the market in the future due to rising cases of surgeries and recovery period geriatric people prefer to stay at home. Most procedures have a lengthy healing phase, which necessitates regular dressing changes. As a result, there is a rising need for improved wound care solutions in home healthcare settings. Furthermore, patients with chronic wounds, the elderly, and the obese prefer home care to hospitalization.

Geographically, the North American region has dominated the market over the last few years and is estimated to hold its dominant position in the upcoming years. Most of the key players are located in several emerging countries across this region which is a plus point for the market. The market in North America is expected to be driven by an increase in traffic accidents, a rise in the frequency of chronic conditions, and the existence of numerous important players in the area. Throughout the forecast period, the market is also anticipated to be driven by improvements in healthcare infrastructure and the availability of trained experts. The availability of qualified workers and improvements in the healthcare infrastructure is also anticipated to drive the market for silver wound dressings during the forecast period. On the other hand, the Asia-Pacific region is also expected to become the second-fastest market over the forecast period due to rising cases of surgery and the increasing geriatric population would accelerate the market growth.

According to the study, key players such as 3M (U.S), Acelity (U.S), Areza Medical (U.S), Advanced Medical Solutions (U.S), B.Braun Holding (GmbH), Cardinal Health (U.S), Coloplast (Denmark), Convatec (U.K), Hollister Inc (U.S), Integra LifeSciences (U.S), Medline Industries (U.S), Smith and Nephew (U.K), among others are leading the global aesthetic fillers market.

Scope of the Report:

Report Coverage Details
Market Size in 2021 US$ 0.83 Billion
Market Volume Projection by 2032 US$ 1.4 Billion
Forecast Period 2022 to 2032 CAGR 4.6%
Base Year: 2021
     Historical Data  2019, 2020 and 2021
     Forecast Period 2022 to 2032
     Segments covered

By Product Type: Traditional, Advanced & Others

By End-User Type: Hospitals, Home Healthcare, Clinics & Others

     Geographies covered

North America, Europe, Asia-Pacific, LAMEA

     Companies covered 3M (U.S), Acelity (U.S), Areza Medical (U.S), Advanced Medical Solutions (U.S), B.Braun Holding (GmbH), Cardinal Health (U.S), Coloplast (Denmark), Convatec (U.K), Hollister Inc (U.S), Integra LifeSciences (U.S), Medline Industries (U.S), Smith and Nephew (U.K), among others.

The Global Silver Wound Dressing Market Has Been Segmented Into:

The Global Silver Wound Dressing Market – by Product Type:

  • Traditional
  • Advanced
  • Others

The Global Silver Wound Dressing Market – by End-User Type:

  • Hospitals
  • Home Healthcare
  • Clinics
  • Others

The Global Silver Wound Dressing Market – by Regions: 

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • France
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia
    • Rest of Asia Pacific
  • LAMEA
  • Middle East
    • Saudi Arabia
    • UAE
    • Others
  • Latin America
    • Brazil
    • Chile
    • Others
  • Africa
    • South Africa
    • Egypt
    • Others
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