Global Silver Wound Dressing Market Is Expected To Reach US$ 14.7 Bn By 2025 | Credence Research

Global Silver Wound Dressing Market Is Expected To Reach US$ 14.7 Bn By 2025 | Credence Research

According to the latest report published by Credence Research, Inc. “Silver Wound Dressing Market – Growth, Future Prospects, and Competitive Analysis, 2017-2025,” the global Silver Wound Dressing Market was valued at US$ 10 billion in 2016 and is expected to reach US$ 14.7 billion by 2025, increasing to CAGR by 4.4 per cent from 2017 to 2025.

Market Insights                                                  

Dressings have a primary role to play in the management of wounds, regardless of their nature, but typically chronic wounds in a number of aetiologies that are recovering by secondary intent. They generally provide a moist wound condition, yet this property has been stretched through simple to complex, dynamic dressing that can deal with unnecessary exudation, help in debridement, and promote disorganized, slowed healing. Topical antimicrobial dressings, including those containing silver, are used to counteract or control infections in a wide range of wounds.

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Injury to the skin is a test of one kind, as the recovery of wounds is a complex and unpredictable process. Over 1.25 Mn burns occur annually in the U.S. and 6.5 Mn chronic skin ulcers caused by venous stasis, diabetes, or pressure. In addition, developments in recent trends and advancements in market technology are enhancing the market for silver wound dressing.

On the basis of product types, the market for silver wound dressings is divided into hydro fiber silver dressings, nanocrystalline silver dressings, silver alginate dressings, silver nitrate dressings, and silver-plated nylon fiber dressings. Advancing in wound dressing technology, increasing incidence of sports injuries, increasing incidence of diabetic and geriatric population, improved awareness of patients and increased disposable income in emerging countries would further boost the acceptance of silver wound dressing.

Geographically, the global market for silver wound dressings is being studied in Europe, North America, Asia Pacific, the Middle East, Africa, and Latin America. North America is currently leading the global market in terms of revenue share, and the region is expected to remain dominant in the forecast period. However, the dominance of North America will be strongly challenged by the markets of Europe and Asia-Pacific. The demand for advanced wound treatment has increased exponentially in the Asia Pacific due to the increase in the incidence of diabetic ulcers, sports injuries and foot ulcers, the increase in healthcare expenditure, disposable income and the rapid spread of healthcare infrastructure are some of the factors driving the market. In addition, countries such as India, Brazil, China, and Mexico will open additional market penetration opportunities to key companies that already have a stronghold in developed regions.

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List of Companies Covered:

  • 3M Healthcare
  • Argentum Medical
  • Braun Melsungen AG
  • ConvaTec Group
  • Derma Sciences
  • Hollister Wound Care
  • Integra Lifesciences Corporation
  • Kinetic Concepts Inc.
  • Medline Industries Inc.
  • Medtronic plc.
  • Smith & Nephew plc.

Market Segmentation

By Product Type

  • Hydrofibre silver dressings
  • Silver alginate dressings
  • Silver nitrate dressings
  • Nano crystalline silver dressings
  • Silver-plated nylon fiber dressings
  • Others

By Usage Areas

  • Hospitals
  • Ambulatory Centers
  • Private Clinics

By Geography Segment Type

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

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