Global Silver Based Wound Dressing market is anticipated to register an impressive growth during the
forecast period, 2024-2028. An increase in acute wound surgeries is expected to
support the growth of global silver-based
wound dressing market. Conventional closure and wound care products are progressively being
replaced by advanced closure solutions and wound care management due to their
effectiveness in wound management by facilitating quicker recovery are
considered major factors responsible for fueling the silver based wound
dressing market in the coming years. According to the World Health
Organization data, over 305 million traumatic, acute, and burn wounds are
registered and treated each year globally. Furthermore, it is estimated that
nearly 2% of the population in developed countries suffers from chronic wounds
each year. Silver has been used as an antibacterial, and medical
professionals all over the world are aware about the beneficial properties of
silver for treating injured wounds. The prevalence of wounds that are
challenging to heal, such as lacerations, ulcers, and burns, has increased
patient awareness. The information about the antibacterial properties of silver
as well as the importance of providing effective and safe wound care and wound
management helps in healing the wound injuries. As a wound dressing, silver
promotes quicker healing, a decreased risk of infection, and affordable
treatment.
Rising Chronic Diseases
According
to the US Department of Health, chronic diseases are expected to become a great
cause of death for adults in the next ten years. Approximately, one third of
adults worldwide have multiple chronic conditions. The wound-healing process
can be affected by high bacterial counts, multi-resistant organisms, and
bacterial biofilms, especially in chronic wounds. By competing with host cells
for nutrients and oxygen and producing waste products that are toxic to host
cells, bacteria slows the healing of wounds. In
acute and chronic wounds, such as surgical wounds, burns, pressure ulcers, leg
ulcers, and diabetic foot ulcers, silver dressings can be used as primary or
secondary dressings to manage minimal, moderate, or heavy exudate. To lower the
bacterial load, contain exudate, and enhance the appearance of the wound's
granulation tissue, they can also be used in conjunction with specific topical
and adjunctive therapies.
This, in turn, is expected to drive the growth of the global silver-based wound
dressing market. Furthermore, acute kidney injury (AKI), also
known as acute renal failure or acute kidney injury, is very common in patients
who are in hospitals. Acute kidney injury (AKI) affects more than 13 million
people and results in 1.7 million deaths every year across the globe. Owing to the rising incidences of chronic wound diseases, the demand
for early diagnosis and treatments is expected to surge, which will bolster the
growth of the market.
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Increase in the number
of Diabetic Foot Ulcers
The
market is also supported by the rising number of diabetic foot ulcers. One of
the most common forms of chronic wound is a diabetic foot ulcer. The demand for
the global silver-based wound dressing market is anticipated to increase due to
the rising prevalence of diabetes and the rising incidence of foot ulcers among
diabetic patients. One of the most serious complications of diabetes is a
diabetic foot ulcer. A person with diabetes is more likely than a non-diabetic
patient to develop diabetic foot ulcers, according to numerous clinical trials
studies. The International Diabetes Federation estimates that 7.3 million
adults in Japan had diabetes in 2020, and the prevalence rate was projected to
increase by 7.9%. New product launches also support the market.
Rising
Cases of Traumatic Events and Road Accidents
One
of the main factors driving the market's expansion is the increase in traumatic
incidents and auto accidents. For instance, according to the American
Association for the Surgery of Trauma, there were approximately 1.2 million deaths
worldwide in 2017, or 3,242 casualties per day. Such situations are anticipated
to increase demand for quick-healing wound dressings. The World Health
Organization predicts that the leading cause of death for children and young
adults in 2022 will be traffic-related injuries. Road accidents claim the
lives of about 1.3 million people every year. The rise in the prevalence of
several injuries as well as increasing focus on silver based wound dressing
products by pharmaceutical companies owing to the greater awareness of the
beneficial properties of silver incorporated dressings on chronic and acute
wounds is expected to fuel the growth of the market during the forecast period.
Recent
Developments
- In October 2019, Imbed Biosciences Inc. was awarded USD 1.5 million
grant at the National Institutes of Health (NIH) for research and development
of bioresorbable wound dressing with gallium and silver metal ions.
- In January 2021, Healogics launched a program to make 2021 The Year of
Healing for Chronic Wounds, a condition affecting 6.7 million Americans and a
leading cause of amputation
- In January 2022, ConvaTec entered the wound biologics market with a USD
450M bid for the Triad Life Sciences acquisition
Market Segmentation
Global Silver Based Wound
Dressing market is
segmented on the basis of product type, dressing type, mechanism,
application, end user, regional distribution, and competitional landscape. Based on product type, the market is divided
into hydrofiber silver dressing, nanocrystalline silver dressing, silver plated
nylon fiber dressing, silver nitrate dressing, and others.
Based on dressing type, the market is categorized into fibrous gauze, film, foam,
hydrogel, and others. Based on mechanism, the market is further bifurcated into
antibacterial effects, anti-inflammatory effects, antioxidant activity, debridement
and anti-eschar action, and others. Based on application, the market is divided
into ulcers,
surgical wounds, traumatic wounds, and others. Based on end user, the market is
categorized into hospitals, ambulatory surgery centers, homecare, and others. In
terms of country, the United States is expected to be a lucrative market during
the forecast period due to the rising cases of chronic wound diseases.
Market Players
3M Company., Advanced Medical
Solutions Group plc., ConvaTec Group plc., Ferris Mfg. Corp., B. Braun
Melsungen AG., Cardinal Health Inc., Integra LifeSciences., Lohmann and
Rauscher., Smith & Nephew plc.., Hollister Wound Care LLC., Coloplast A/S.,
Mölnlycke Health Care AB., Argentum Medical, LLC., Medline Industries LP, and Derma
Science are
some of the leading companies operating in the market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, CAGR for 2018-2022
and 2023-2028
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Report coverage
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Revenue forecast, Company share, Competitive landscape, Growth
factors, and Trends
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Segments covered
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Product Type
Dressing Type
Mechanism
Application
End User
Region
Company
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Regional scope
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North America, Europe, Asia Pacific, South America, Middle
East & Africa
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Country scope
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United States, Canada, Mexico, France, Germany,
United Kingdom, Netherlands, Sweden, Italy, Spain, China, Japan, Singapore, India,
Australia, Brazil, Argentina, Colombia, UAE, Saudi Arabia, South Africa
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Key companies profiled
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3M Company., Advanced Medical Solutions Group plc., ConvaTec
Group plc., Ferris Mfg. Corp., B. Braun Melsungen AG., Cardinal Health Inc.,
Integra LifeSciences., Lohmann and Rauscher., Smith & Nephew plc..,
Hollister Wound Care LLC., Coloplast A/S., Mölnlycke Health Care AB.,
Argentum Medical, LLC., Medline Industries LP, and Derma Science.
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Customization scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, global Silver
Based Wound Dressing market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:·
Silver
Based Wound Dressing Market, By Product Type:
o Hydrofiber Silver Dressing
o Nanocrystalline Silver Dressing
o Silver Plated Nylon Fiber
Dressing
o Silver Nitrate Dressing
o Others
·
Silver
Based Wound Dressing Market, By Dressing Type:
o
Fibrous gauze
o
Film
o
Foam
o
Hydrogel
o
Others
·
Silver
Based Wound Dressing Market, By Mechanism:
o
Antibacterial Effects
o
Anti-Inflammatory
Effects
o
Antioxidant
Activity
o
Debridement
and Anti-Eschar Action
o
Others
·
Silver
Based Wound Dressing Market, By Application:
o
Ulcers
o
Surgical
Wounds
o
Traumatic
Wounds
o
Others
·
Silver
Based Wound Dressing Market, By End User:
o
Hospitals
o
Ambulatory
Surgery Centers
o
Homecare
o
Others
·
Silver
Based Wound Dressing Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ Germany
§ United Kingdom
§ Netherlands
§ Sweden
§ Italy
§ Spain
o Asia-Pacific
§ China
§ Japan
§ Singapore
§ India
§ South Korea
§ Australia
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ UAE
§ Saudi Arabia
§ South Africa
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in Silver Based Wound Dressing market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Silver Based Wound Dressing Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]