The ascent in the interest for faster healing post-surgery or after signs are dealt with, upsurge in the need of improving quality of life, expanding geriatric populace and heightening in frequencies of chronic diseases are foreseen to support the market for the forecast period.
Market Size – USD 709.6 Million in 2019, Market Growth – CAGR of 4.5% Market Trends– Advancements in Silver Wound Dressings platform and improved regulations for treatment given.
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.
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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.
The COVID-19 impact:
The outbreak raised concern for the patient dealing with other underlying conditions. However, government authorities had laid down several guidelines to ensure the safety of the patient and the healthcare professional. The market has experienced a downturn over the weeks, which may continue over the next few months. The increased patient pool suffering from COVID-19 has disrupted the balance in healthcare. This pandemic has affected the Asia Pacific region the most, with China at the center of the outbreak. Most initiatives have come to a temporary halt in multiple countries changed. The production of silver wound dressings and supply chain has been put on hold, causing losses to the manufacturers, dealers, and consumers. The market might be facing a downside for the period. With a rising health concern, the demand would be hitting the roof as soon as there is a development in the condition.
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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 participants include 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.
For the purpose of this report, Reports and Data have segmented into the global Silver Wound Dressings market on the basis of products, types, applications, and region:
Products Outlook (Revenue in Million USD; 2017-2027)
- Silver Nitrate
- Silver Alginate
- Silver Plated Nylon Fiber Dressing
Types Outlook (Revenue in Million USD; 2017-2027)
Applications Outlook (Revenue in Million USD; 2017-2027)
- Cuts and Lacerations
Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- Rest of the Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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The global Silver Wound Dressings market report answers some important questions for you:
- What will be the market potential as well as the concentration of the global Silver Wound Dressings segment for the forecast period?
- What will be the avenues for access to the global Silver Wound Dressings market for the newly added range?
- How are business owners planning to meet the production demand and sales requirements to gain a competitive edge over others?
- Which demographic regions will witness a greater demand during the estimated period?
- What will be the composition of the target market? What are the gaps? Where do most new opportunities lie?
- What will be the consumers’ attitude towards the business during the forecast period, 2019 to 2027?
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3.1. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2017-2027
Chapter 3. Indicative Metrics
3.1. Macro-Economic Indicators
3.1.1. Growing demand for quicker healing
3.1.2. Rising technological advancements
Chapter 4. COVID 19 impact assessment
4.1. Silver Wound Dressings market industry outlook (2020)
4.2. Silver Wound Dressings market expected to be negatively affected during mid-2020 due to the COVID-19 pandemic crisis
4.2.1. Scenario 1: Silver Wound Dressings market declines by xx%
18.104.22.168. Scenario 1 timeline
22.214.171.124. Key indicators for scenario 1
126.96.36.199. Covid-19 virus impact on Silver Wound Dressings market revenue, 2019–2027: scenario-1
4.2.2. Scenario-2: Silver Wound Dressings market declines by xx%
188.8.131.52. Scenario 2 timeline
184.108.40.206. Key indicators for scenario 2
220.127.116.11. Covid-19 virus impact on Silver Wound Dressings market revenue, 2019–2027: scenario-2
4.2.3. Scenario-3: Silver Wound Dressings market grows by xx%
18.104.22.168. Scenario 3 timeline
22.214.171.124. Key indicators for scenario 3
126.96.36.199. Covid-19 virus impact on Silver Wound Dressings market revenue, 2019–2027: scenario-3
4.2.4. Scenario-4: Silver Wound Dressings market grows by xx%
188.8.131.52. Scenario 4 timeline
184.108.40.206. Key indicators for scenario 4
220.127.116.11. Covid-19 virus impact on Silver Wound Dressings market revenue, 2019–2027: scenario-4
4.3. Supply chain stabilization
4.3.1. Supply scenario
4.3.2. Demand scenario
4.4. Customer mapping
4.5. Economic scenario
4.5.1. Key customers
4.5.2. Key products
4.5.3. Future opportunities and impact
4.5.4. Business threat identification
4.6. Upcoming strategies required to combat the current situation
4.7. Areas of high confidence of return on investment
Chapter 5. Global Silver Wound Dressings Segmentation & Impact Analysis
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