Silver dressings are wound care products derived from ionic silver. These products release a steady amount of silver to the wound and provide antimicrobial or antibacterial action. Silver dressings may be used as primary or secondary dressings to manage minimal, moderate, or heavy exudate in acute and chronic wounds, including burns, surgical wounds, diabetic foot ulcers, pressure ulcers, and leg ulcers. It provides a broad range of antimicrobial activity, reduces infection, and alters metalloproteinases within wounds.
Allied Market Research has published a study report with the title Silver Wound Dressings Market Size was Valued at USD 889.1 million in 2021 and is Projected to Garner USD 1.51 billion by 2031, registering a CAGR of 5.4% from 2022 to 2031.
- The Covid-19 pandemic had a negative impact on the market due to a sudden decrease in the number of people visiting hospitals and clinics for surgical procedures.
- Moreover, prolonged lockdowns across the world resulted in closure of most of the wound care centers.
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Top Companies of Silver Wound Dressings: –
- Argentum Medical LLC
- B. Braun Melsungen AG
- Convatec Inc.
- Dermarite Industries, Inc.
- Ferris Mfg. Corp., Ltd.
- Johnson and Johnson
- Molnlycke Health Care AB
- Smith and Nephew PLC.
Silver Wound Dressings Marke Segmentation: –
By product type, the gels and creams segment is estimated to portray the highest CAGR of 6.1% during the forecast period. In addition, the segment held the largest share in 2021, accounting for nearly two-fifths of the global silver wound dressings market, and is expected to continue its dominance throughout the forecast period. This is due to rise in the number of burns and ulcer cases across the world. The report includes analysis of sheets, foams, and others segments.
By treatment, the surgical wounds segment held the largest share in 2021, contributing to more than one-fourth of the global silver wound dressings market, and is expected to maintain leading position during the forecast period. In addition, the segment is projected to manifest the highest CAGR of 6.6% during the forecast period, owing to surge in number of surgical procedures across the world. The report includes analysis of burns, ulcers, lacerations and cuts, skin grafts, and others segments.
By end user, the hospitals and clinics segment is projected to manifest the highest CAGR of 5.9% during the forecast period. Moreover, the segment held the largest share in 2021, accounting for more than two-fifths of the global silver wound dressings market, and is expected to continue its dominance from 2022 to 2031. This is due to increase in a number of patients visiting the facilities for the treatment of acute and chronic wound across the world. The report includes analysis of ambulatory surgical centers and homecare segments.
By region, the market across North America held the largest share in 2021, accounting for more than two-fifths of the market, and is projected to continue its dominance throughout the forecast period. This is due to high adoption rate of technologically advanced products, increase in healthcare expenditure, and presence of major key players involved in the R&D activities. However, the global silver wound dressings market across Asia-Pacific is expected to register the highest CAGR of 6.8% during the forecast period, owing to rising population in the countries such as India and China, high prevalence rate of road accidents, and chronic disease. In addition, the increasing patient awareness about the beneficial properties of silver-incorporated dressings such as their antimicrobial nature, reduction in healing time, and low infection risk are expected to further drive the market growth.
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Drivers, Restraints, and Opportunities-
Rise in prevalence of sport-related injuries & road accidents, surge in geriatric population, and increase in number of surgical procedures have boosted the growth of the global silver wound dressings market. However, high cost of silver wound care hinders the market growth. On the contrary, surge in the geriatric population, high growth potential in developing countries, and surge in awareness toward advanced wound care therapies are expected to open new opportunities in the future.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
- Which region has more opportunities?
By Region Outlook
- North America
(U.S., Canada, Mexico)
(Germany, France, UK, Italy, Spain, Rest of Europe)
(Japan, China, India, Rest of Asia-Pacific)
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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