The global Silver Wound Dressings market was valued at USD 709.6 Million in 2019 and is expected to reach USD 1,008.2 million by the year 2027, at a CAGR of 4.5%. Primary drivers of the silver wound dressings includes rising geriatric people, rising prevalence of chronic diseases, inciting a deferral in wound healing, for instance, diabetes, ulcers. The expanding incidences of incessantly tainted wounds, for example, diabetes, ulcers, and a more prominent attention to the valuable properties of silver consolidated dressings, viz. antimicrobial nature, decrease in healing time, and brought down contamination dangers are the essential drivers of this market.
As indicated by the International Diabetes Federation in 2019, roughly 463 million grown-ups (20-79 years) live with diabetes by 2045, which will ascend to 700 million. Besides, awareness of the utilization of silver wound dressing and upsurge in the occurrences of diabetic ulcers is foreseen to boost the market.
This proves the opportunity that silver wound dressing items have in this nation. Also, the ascent in the people's spending capacity and the need to have a superior personal satisfaction is relied upon to move the market in the coming years. Besides, the greater expense of the innovative work and severe guidelines of the government are relied upon to rapidly frustrate the market.
Alginate wound dressings are the best example that is used in the management of exudating wounds. Some of the vital silver alginate dressings which are used for silver wound dressing are Cardinal Health Silver Alginate and CMC Wound Dressing, Safe N Simple Simpurity Silver Alginate Wound Dressing, Hollister CalciCare Calcium Silver Alginate Dressing, Abena Silver Calcium Alginate Dressing, Systagenix Silvercel Antimicrobial Alginate Dressing, among others.
Top Companies Profiled in the Report Include:
ConvaTech Inc., B.Braun Melsungen AG, 3M Company, Acelity LP, Integra Corporation, Argentum Medical, Smith Nephew, Kinetic Concept, Medline Industries, and Sorbion GmbH Co. among others
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Market Overview:
The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, RD activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
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Additionally, the report consists a detailed analysis of the segmentation of the Silver Wound Dressings Market based on product types and end-use/application offered in the Silver Wound Dressings Market.
Products Outlook (Revenue in Million USD; 2017-2027)
- Hydrofiber
- Nanocrystalline
- Silver Nitrate
- Silver Alginate
- Silver Plated Nylon Fiber Dressing
- Others
Types Outlook (Revenue in Million USD; 2017-2027)
- Traditional
- Advanced
Applications Outlook (Revenue in Million USD; 2017-2027)
- Cuts and Lacerations
- Burns
- Ulcers
- Others
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Silver Wound Dressings Market in these key regions.
Country-wise regional analysis covers:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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