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.

 

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.


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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.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, Company share, Competitive landscape, Growth factors, and Trends

Segments covered

           Product Type

           Dressing Type

           Mechanism

           Application

           End User

           Region

           Company

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

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

Key companies profiled

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.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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:

    • Hydrofiber Silver Dressing
    • Nanocrystalline Silver Dressing
    • Silver Plated Nylon Fiber Dressing
    • Silver Nitrate Dressing
    • 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:

    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • United Kingdom
      • Netherlands
      • Sweden
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • Singapore
      • India
      • South Korea
      • Australia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • 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).
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1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Clinical Trial Analysis

5.1.  Ongoing Clinical Trials

5.2.  Completed Clinical Trials

5.3.  Terminated Clinical Trials

5.4.  Breakdown of Pipeline, By Development Phase

5.5.  Breakdown of Pipeline, By Status

5.6.  Breakdown of Pipeline, By Study Type

5.7.  Breakdown of Pipeline, By Region

5.8.  Clinical Trials Heat Map

6.    Global Silver Based Wound Dressing Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type (Hydrofiber Silver Dressing, Nanocrystalline Silver Dressing, Silver Plated Nylon Fiber Dressing, Silver Nitrate Dressing, Others)

6.2.2.     By Dressing Type (Fibrous gauze, Film, Foam, Hydrogel, Others)

6.2.3.     By Mechanism (Antibacterial Effects, Anti-Inflammatory Effects, Antioxidant Activity, Debridement and Anti-Eschar Action, Others)

6.2.4.     By Application (Ulcers, Surgical Wounds, Traumatic Wounds, Others)

6.2.5.     By End User (Hospitals, Ambulatory Surgery Centres, Homecare, Others) 

6.2.6.     By Region

6.2.7.     By Company (2022)

6.3.  Product Map

5.3.1 By Product Type

5.3.2 By Dressing Type

5.3.3 By Mechanism

5.3.4 By Application

5.3.5 By End User

5.3.6 By Region

7.    North America Silver Based Wound Dressing Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type (Hydrofiber Silver Dressing, Nanocrystalline Silver Dressing, Silver Plated Nylon Fiber Dressing, Silver Nitrate Dressing, Others)

7.2.2.     By Dressing Type (Fibrous gauze, Film, Foam, Hydrogel, Others)

7.2.3.     By Mechanism (Antibacterial Effects, Anti-Inflammatory Effects, Antioxidant Activity, Debridement and Anti-Eschar Action, Others)

7.2.4.     By Application (Ulcers, Surgical Wounds, Traumatic Wounds, Others)

7.2.5.     By End User (Hospitals, Ambulatory Surgery Centres, Homecare, Others) 

7.2.6.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Silver Based Wound Dressing Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product Type

7.3.1.2.2.             By Dressing Type

7.3.1.2.3.             By Mechanism

7.3.1.2.4.             By Application

7.3.1.2.5.             By End User

7.3.2.     Canada Silver Based Wound Dressing Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Product Type

7.3.2.2.2.             By Dressing type

7.3.2.2.3.             By Mechanism

7.3.2.2.4.             By Application

7.3.2.2.5.             By End User

7.3.3.     Mexico Silver Based Wound Dressing Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product Type

7.3.3.2.2.             By Dressing Type

7.3.3.2.3.             By Mechanism

7.3.3.2.4.             By Application

7.3.3.2.5.             By End User

8.    Europe Silver Based Wound Dressing Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type (Hydrofiber Silver Dressing, Nanocrystalline Silver Dressing, Silver Plated Nylon Fiber Dressing, Silver Nitrate Dressing, Others)

8.2.2.     By Dressing Type (Fibrous gauze, Film, Foam, Hydrogel, Others)

8.2.3.     By Mechanism (Antibacterial Effects, Anti-Inflammatory Effects, Antioxidant Activity, Debridement and Anti-Eschar Action, Others)

8.2.4.     By Application (Ulcers, Surgical Wounds, Traumatic Wounds, Others)

8.2.5.     By End User (Hospitals, Ambulatory Surgery Centres, Homecare, Others) 

8.2.6.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Silver Based Wound Dressing Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.