Silver Wound Dressings is anticipated to have CAGR of ~7.6% over 2019-2028. Silver wound dressings are dressings which contain silver or silver releasing compounds and are aided in the treatment of acute and chronic wound infections. The key factors which are anticipated to boost the industry include the surge in incidences of chronic, hard to heal wounds. The rise in incidences of chronic infected wounds such as ulcers, diabetes and a growth in awareness of the beneficial properties of silver incorporated dressings. The reduction in healing time and lowered infection risks are the major drivers of this industry.

Top Driver: Surge in incidences of wounds of Silver Wound Dressings to boost the industry

Silver Wound Dressings is projected to grow with the surge in the prevalence of the Silver Wound Dressings in the forecast period. The major application would be for diabetic foot ulcers. According to the recent statistics given by the Center of Disease Control and Prevention from 1980 to 2011, the incidence of diabetes among Americans has tripled from 5.6 million to 20.9 million. It is estimated that the risk for developing ulcers in diabetic patients in their lifetime is up-to 15%. This would lead to rising demand for advanced wound dressings.

Ulcers to Make Crucial Contribution to Growth of Global Silver Wound Dressings Market

Among treatment site segments of the global Silver Wound Dressings market, Ulcers segment is anticipated to gain maximum revenue shares in the forecast period. This owes to the leading cause being diabetes, which is growing at a higher pace and is contributing to growth of the industry in the coming years. The growth in the foot ulcer incidences would help the market boost in the near future. Furthermore, the skin grafts are expected to show greater demand in the coming years, owing to the increase in inclination towards the treatment at the earlier stage of the condition.

 Surge in aging population to Benefit North American Market

North America is anticipated to gain highest revenue growth than any other country and is anticipated to boost further in the coming years. This owes to the growth in the aging population and hike in the number of cases of diabetic foot ulcers, which are anticipated to help the industry gain lucrative growth in the coming years. However, other markets such as Europe and Asia Pacific are propelling markets due to rise in the awareness programs carried out for advanced wound care and the surge cases of chronic wounds, mainly due to the conditions such as diabetes.

Due to outbreak of COVID-19 the Silver Wound Dressings is experiencing a negative impact due to the lockout of the major hospitals in order to focus upon the COVID-19 patients. However, the rise in the awareness programs through digital platforms is anticipated to aid the industry boost in the current scenario.

Players to Focus on Silver Wound Dressings

The global Silver Wound Dressings market leaders include 3M Company, Argentum Medical, Smith & Nephew Plc, Medline Industries, B.Braun Melsungen AG, Integra Lifesciences Corporation, Hollister Incorporated, Coloplast AS​, and Mölnlycke Health Care AB

GEMCO Medical: in February 2019, GEMCO Medical had launched GEMCORE360, which is the brand of advanced wound care products. This portfolio includes silver alginate dressings, hydrocolloid dressings, transparent thin films, alginate dressings, PHMB foam dressings, and foam dressings.

KCI-an Acelity: In in 2019, KCI-an Acelity had introduced its advanced wound dressing products, such as KERRAFOAM Gentle Border Dressing, KERRACONTACT Ag Dressing, and KERRAMAX CARE Dressing, in South Africa to expand its market presence. Furthermore, Acelity was later acquired by 3M.

Argentum Medical: In February 2014, Argentum Medical, which is a leader in silver based anti-microbial wound dressings had signed a deal with Sorbion GmbH & Co. so as to distribute its product, Silverlon, in Europe. The Silverlon is an anti-microbial silver wound dressing product. This deal would boost the presence of the company in European markets and increase revenue.

Scope of the Report

By Drug Type

• Silver alginate Dressings
• Nano Crystalline Silver Dressings
• Silver Nitrate Dressings
• Hydrofibre Silver Dressings
• Silver Plated Nylon Fiber Dressings
• Others

 By Treatment Site

• Ulcers
• Lacerations and Cuts
• Surgical Wounds
• Skin Grafts
• Burns
• Others

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.