Silver Wound Dressing Market would rocket up to USD 1,793.54 million by 2030

PRESS RELEASE
Published October 4, 2023

An influential Silver Wound Dressing Market report has a chapter on the global market and all its associated companies with their profiles, which provides valuable data related to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. The report puts light on the change in the market which is taking place due to the moves of key players and brands such as product launches, joint ventures, mergers and acquisitions that in turn modifies the view of the global face of HELATH industry. Analysis and discussion of important industry trends, market size, market share estimates are also covered in the first class Silver Wound Dressing Market report.

According to data from the World Health Organization (WHO), over 305 million traumatic, acute, and burn wounds are reported and treated globally each year, and this number is rising. Furthermore, it is predicted that almost 2% of people in developed nations experience chronic wounds every year. The long-term effects of radiation therapy, obesity, and diabetes all have a role in the rising incidence of chronic wounds.

Data Bridge Market Research analyses that the silver wound dressing market which was USD 990.05 million in 2022, would rocket up to USD 1,793.54 million by 2030, and is expected to undergo a CAGR of 8.2% during the forecast period. This indicates the market value. “Silver Bandages” dominates the traditional product segment of the silver wound dressing market owing to the growing demand for better surgical/operating accessories. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Silver wound dressings are that effective anti-microbial that are frequently used to aid in the overall management of wounds that are primarily threatened by infection. Due to changing silver content in the dressings and rising technological advancements, silver wound dressings have a wide range of functions in medical facilities.

Opportunities

  • Increase in the number of traumatic events 

The market’s growth is fueled by rising cases of traumatic events and road accidents. This is expected to provide beneficial opportunities for the silver wound dressing market growth.

Restraints/Challenges

The growing use of antimicrobial and tissue engineered dressings that is more of a non-synthetic mode for preparing wound dressings in order to avoid side effect due to some medicines and also for promoting the natural healing process. However, the high cost associated with wound care procedures and accessories will restrain the market’s growth rate. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, heavy custom duty imposed on the medical devices and accessories, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.

This silver wound dressing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the silver wound dressing market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.

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Silver Wound Dressing Market Scope

The silver wound dressing market is segmented on the basis of traditional products, advanced product, disease and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Traditional Product

  • Silver Bandages
  • Others

 Advanced Product

  • Silver Foam Dressing
  • Silver Plated Nylon Fiber Dressing
  • Silver Hydrogel/Hydrofibre
  • Silver Alginates
  • Nano Crystalline Silver Dressings
  • Other

By Disease

  • Burns
  • Ulcers
  • Cuts and Lacerations
  • Other Wound Types

End User

  • Hospitals
  • Clinics
  • Home Healthcare
  • Others

Recent Developments

  • In January 2022, ConvaTec with a USD 450 million bid entered into the wound biologics market for the Triad Life Sciences acquisition
  • In January 2021, by Healogics, The Year of Healing for Chronic Wounds was launched as a program to make 2021 a memorable year for a condition affecting 6.7 million Americans and a leading cause of amputation

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the this market
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Critical Insights Related to This Market Included in the Report:

  • Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
  • Value chain analysis of prominent players in the market
  • Current trends influencing the dynamics of this market across various geographies
  • Recent mergers, acquisitions, collaborations, and partnerships
  • Revenue growth of this industry over the forecast period
  • Marketing strategy study and growth trends
  • Growth driven factor analysis
  • Emerging recess segments and region-wise market
  • An empirical evaluation of the curve of this market
  • Ancient, Present, and Probable scope of the market from both prospect value and volume

Browse Detailed Summary of Research Report with TOC:  https://www.databridgemarketresearch.com/toc/?dbmr=global-silver-wound-dressing-market&Shri

Some of the major players operating in the silver wound dressing market are:

  • 3M (U.S.)
  • Coloplast Corp (Denmark)
  • Medline Industries, Inc. (U.S.)
  • Cardinal Health (U.S.)
  • B. Braun Melsungen AG (Germany)
  • Smith + Nephew (U.K.)
  • ConvaTec Group PLC(U.K.)
  • Integra LifeSciences (U.S.)
  • Scapa Group Ltd. (U.K.)
  • Advanced Medical Solutions plc. (U.K.)
  • Essity Medical Solutions (Germany)
  • Hollister Incorporated (U.S.)
  • Urgo (France)
  • Lohmannand Rauscher (Germany)
  • Molnlycke Health Care AB (Sweden)
  • PAUL HARTMANN AG (Germany)

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