According to the current analysis of Reports and Data, 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.
According to the World Diabetes Federation, by 2045, there will be 700 million adults worldwide living with diabetes, up from the current estimate of 463 million adults (20-79 years old). Also, an increase in the prevalence of diabetic ulcers and awareness of the use of silver wound dressing are anticipated to drive market growth.
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Further key findings from the report suggest
- Burns, by applications segment, held the largest market share in the year 2019. The segment is further expected to grow at a rate of 4.3%, owing to it to the rising demand for quicker healing techniques for wounds.
- North America held the largest market share of the overall industry in the year 2019. A high pace of technological advancements and the developed healthcare system adjusted to the novel developments will impel the market.
- According to an investigation directed in 2018, Wound Healing Society (WHS), the United States, uncovered that around 8.2 million individuals had wounds with or without contamination during the United States.
- Europe held the second largest market share in the year 2019 with a compounded annual growth rate of 4.2% during the forecast period.
- Rising spending capacity of individuals for improving quality of life and initiatives taken by the governments in the region will fuel the market growth in APAC.
- About 39.5% of the global Silver Wound Dressings market is occupied by Silver Alginate segment.
Key Players covered in this report are
Silver Wound Dressings segment are 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.
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
Key Regional Markets Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Major Points covered in this report are as below:
• The Silver Wound Dressings industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Silver Wound Dressings Market report provides key statistics on the market status of the Silver Wound Dressings manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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