The global silver wound dressing market size is expected to reach USD 1.3 billion by 2027, expanding at a CAGR of 5.7%, according to a new report by Grand View Research, Inc. The rising cases of diabetic foot ulcers, introduction of technologically advanced products, and increasing cases of accidents and burns globally are the key driving factors for the market.
The
silver wound dressings are, basically, advanced bandages comprising of silver
as the main component. These topical wound care products allow rapid healing
owing to antibacterial and antimicrobial properties, which prevents further
complications. The dressings are majorly available as hydrocolloid and foam,
charcoal cloth, and barrier layers. The bandage can also be used along with
adjunctive and topical therapies as it helps in reduction of wound exudate,
bacterial load, and healing of granulation tissues.
In
addition, the bandage is also very much effective in healing chronic and acute
injuries. The increasing cases of burn wounds and diabetic foot ulcers across
the globe are anticipated to be the major driving factors for the market. For
instance, as per the journal published by the International Journal of
Endocrinology in 2018, around 15.00% to 25.00% of patients suffering from
diabetes have the risk of developing diabetic foot ulcers and in next three
years, the risk rate may increase around 17.0% to 60.0%. Since, these dressings
allows rapid and effective healing of diabetic foot ulcers, thus increasing
incidence of chronic injuries are expected to surge the demand for these
products, thereby propelling silver wound dressing market growth over the forecast
period.
North
America dominated the market in 2019 owing to rising cases of chronic diseases,
road accidents, and presence of key market players in the region. Advanced
healthcare infrastructure and availability of professionals will drive the
market in the region over the forecast period. In Asia Pacific, the market is
expected to grow fast over the forecast period owing to rising cases of chronic
diseases in the region.
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Silver Wound
Dressing Market Report Highlights
- The silver foam dressing
segment is anticipated to witness the largest market share over the
forecast period owing to the increasing incidence of diabetic foot ulcers
and venous leg ulcers across the globe
- The hospital segment held
the largest market share in 2019 due to the rising cases of burns and
accidents
- In Asia Pacific, the market
is expected to witness the fastest growth over the forecast period owing
to the rising number diabetic patients and growing medical tourism in the
region
- Prominent players present in
the silver wound dressing market are Smith and Nephew PLC., Mölnlycke
Health Care AB, and 3M.
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Silver Wound
Dressing Market Segmentation
Grand View Research has segmented
the global silver wound dressing market on the basis of product, end use, and
region:
Silver Wound
Dressing Product Outlook (Revenue, USD Million, 2016 - 2027)
- Traditional
- Silver Bandages
- Others
- Advanced
- Silver Foam Dressing
- Silver Plated Nylon Fiber
Dressing
- Silver Hydrogel/Hydrofibre
- Silver Alginates
- Nano Crystalline Silver
Dressings
- Others
Silver Wound
Dressing End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Hospitals
- Clinics
- Home Healthcare
- Others
Silver Wound
Dressing Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- MEA
- South Africa
- Saudi Arabia
- UAE
- Turkey
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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