The global silver wound care market was valued at USD 765.7 million in 2018 and is expected to grow at a CAGR of 6.5% to reach a market value of XX million by 2029.
Silver dressings are most popular as antimicrobial dressings. Silver Dressing is now in demand to investigate and research new and effective antimicrobial agents for infected wounds to reduce infection, and subsequently, reduce the level of wound exudates.
Collagen is one of the most abundant naturally occurring protein polymers among mammals. Among all the proteins in the human body, 25% to 35% are collagen.
Collagen helps migrate numerous types of cells, including fibroblasts and keratinocytes, to the wound, which plays a significant role in boosting tissue growth in a wound bed.
The global silver & collagen wound care market is driven by an increasing number of burn cases globally.
The growing incidence of chronic ailments such as diabetes is driving the growth of the global silver & collagen wound care market. diabetic patients exhibit a documented impairment in the healing of acute wounds. This may lead to severe wound infections. The diabetic population is prone to develop chronic non-healing diabetic foot ulcers (DFUs), which are estimated to occur in XX% of all persons with diabetes.
With the growing number of diabetics across the globe, wound care is gaining importance. The International Diabetes Federation reported that by 2040, diabetes incidence is expected to reach XX million. Thus, the growing incidences of diabetes are driving the market.
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Wound dressings that are combined with drug(s) together are generally regulated as combination products. A combination product is comprised of two or more constituent parts(i.e., drug/device, biologic/device, drug/biologic, or drug/device/biologic. A combination product is assigned to an FDA center that will have primary jurisdiction for the combination product’s premarket review and regulation based on its “primary mode of action” (PMOA). PMOA is the single mode of action of a combination product that provides the most important therapeutic action of the combination product. CDRH generally has primary jurisdiction over the combination of wound care dressings.
- By Silver Medication Dressing
- By Collagen Dressing
- By End-User
- By Region
By Collagen Dressing – Source
The source market was valued at USD 559.2 million in 2018 and the market is estimated to grow at a CAGR of 6.9% in the forecast period to reach a market value of USD XX million by 2029. On the basis of source, the market is segmented into synthetic and natural. Synthetic is further segmented into Polymers, Oxidized Regenerated Cellulose (ORC) and Ethylene Diamine Tetraacetic Acid (EDTA). Natural segment is further sub segmented into porcine, bovine and avian.
Synthetic wound dressings originally consisted of three types namely Polymers, Oxidized Regenerated Cellulose (ORC) and Ethylene Diamine Tetraacetic Acid (EDTA).
The U.S. has the highest standards of health care, which is also the costliest in the world. Rising prevalence of chronic wounds such as diabetic foot ulcer, venous ulcers and pressure ulcers (according to CDC estimates, around XX.XX million patients suffer from pressure ulcers every year in the U.S.) creates a large potential population.
According to the National Institutes of Health, more than six million cases of chronic wounds cost $XX.XX billion each year in the United States. Diabetic ulcers, pressure sores, surgical site wounds and traumatic injuries to high-risk patients account for most wounds that won’t heal. However, data from a University of Missouri School of Medicine study in February 2017, indicated that a recently developed skin-graft harvesting system aids in chronic wound recovery and reduces care costs by accelerating the healing process.
The increasing number of wound cases in the region is expected to boost the market. For instance, the National Institute of Health has estimated that XX% of the population 65 years and above would have a wound at some time. An even higher rate of incidence is expected, owing to the traumatic injuries and ulcers endemic in resource-poor countries to other regions. Thus, the rising number of wounds is driving the market.
The Silver & Collagen Wound Care market is a consolidated market with the top four companies occupying more than XX % of the market share in 2018.
The market in North America and Europe are fairly consolidated while the market is fairly fragmented in Asia-Pacific region due to the presence of a large number of companies.
Efficient distribution networks, product differentiation and supply competency play a major role in determining the market position of such players.
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