Silver Based Wound Dressing Market: Exploring Opportunities through Market Share and Growth Projections

According to a report by TechSci Research titled "Silver Based Wound Dressing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028," the global market for silver-based wound dressing is expected to grow significantly during the forecast period from 2024 to 2028. The growth of the market is driven by the increasing prevalence of underlying conditions such as diabetes and hypertension, which are associated with stiffer blood vessels, slower circulation, and microvascular dysfunction. These factors result in reduced tissue oxygenation, making the global silver-based wound dressing market necessary. Diabetes, in particular, is known to cause poor circulation, further compromising wound healing by limiting the delivery of nutrients to the wound site. This leaves the wound susceptible to infections and hampers the healing process. Moreover, the market is witnessing growth due to the rising awareness about moderate wound surgeries and advancements in wound healing technologies.

However, certain types of wound dressings have been linked to secondary injuries due to their strong adhesion. When removed, these dressings can cause pain to patients and disrupt tissue growth, damaging new capillaries and delaying the healing process. Impaired healing of diabetic wounds affects around 25% of patients with diabetes mellitus, often leading to lower limb amputation and incurring high economic and psychosocial costs. Fiber loss or fraying is another challenge in wound care, as it increases the risk of infection and extends the time required for wound cleaning. Despite the market's growth potential, strict regulatory approvals, limited awareness, high treatment costs, and a shortage of qualified professionals may impede its expansion.

The global silver-based wound dressing market is segmented by product type, dressing type, mechanism, application, and end user. The product types include hydrofiber silver dressing, nanocrystalline silver dressing, silver plated nylon fiber dressing, silver nitrate dressing, and others. Among these, the nanocrystalline silver dressing segment is expected to grow during the forecast period due to its cost-effectiveness and various benefits, such as reducing burn wound incidence, minimizing pain during dressing changes, reducing the frequency of dressing changes, and inhibiting matrix metalloproteinase activity.

In terms of dressing type, the market is categorized into fibrous gauze, film, foam, hydrogel, and others. Fibrous gauze dominates this segment as it offers protection against bacterial infection and facilitates absorption of exudates and fluid in open wounds.

The mechanism segment includes antibacterial effects, anti-inflammatory effects, antioxidant activity, debridement and anti-eschar action, and others. The antibacterial effects of silver play a leading role in this segment, as silver is known to reduce bacterial adhesion, destabilize the biofilm matrix, and exhibit broad-spectrum antimicrobial properties. Several silver-containing dressings are recommended for long-term decontamination and wound healing.

The application segment comprises burns, ulcers, cuts and lacerations, and others. Burns dominate this segment, with a high incidence rate, especially among children. Severe skin damage caused by burns leads to cell death, and the American Burn Association reports over 450,000 serious burn injuries occurring annually in the United States.

Based on end user, the market is divided into hospitals, ambulatory surgery centers, homecare, and others. Hospitals have a significant share in this segment, driven by the inflow of patients with critical wounds requiring advanced wound dressings. The presence of trained staff in hospitals for wound care procedures, including dressing changes, further contributes to the demand for hospital admissions.

Overall, the global silver-based wound dressing market is expected to witness substantial growth in the forecast period, driven by the increasing prevalence of underlying conditions, advancements in wound healing technologies, and the need for effective wound management solutions.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Silver Based Wound Dressing Market" - https://www.techsciresearch.com/report/silver-based-wound-dressing-market/14803.html

Major companies operating in global silver based wound dressing market are:

• 3M Company
• Advanced Medical Solutions Group plc
• ConvaTec Group plc
• Ferris Mfg. Corp
• B. Braun Melsungen AG
• Cardinal Health Inc
• Integra LifeSciences
• Lohmann and Rauscher
• Smith & Nephew plc.
• Hollister Wound Care LLC     
• Coloplast A/S
• Mölnlycke Health Care AB
• Argentum Medical, LLC.
• Medline Industries LP
• Derma Science

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“Asia-Pacific is expected to register the highest growth of around 10.11% during the forecast period. This is attributed to the rising number of high blood pressure and diabetes patients, who are prone to chronic wound diseases, and growing health concerns, concerning the rise in demand for advanced diagnostic and therapeutic regimens for chronic wound diseases. China accounted for largest market share owing to a strong potential patient base suffering from acute and chronic wounds coupled with the strong healthcare expenditure. According to the international Diabetes Federation 2020, the total number of diabetes cases in China was estimated to be around 116 million. China ranks first in the world to have significant prevalence of 10.9% of adult diabetes. Hence, the companies are adopting various ingrowth strategies such as mergers and acquisitions, partnerships and collaborations, and others. Emerging companies can setup their business in the Asia-Pacific region, due to low manufacturing cost, low labor cost, various untapped opportunities, and others is expected to propel the global silver wound dressing market growth till 2028,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Silver Based Wound Dressing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type (Hydrofiber Silver Dressing, Nanocrystalline Silver Dressing, Silver Plated Nylon Fiber Dressing, Silver Nitrate Dressing, Others), By Dressing Type (Fibrous gauze, Film, Foam, Hydrogel, Others), By Mechanism (Antibacterial Effects, Anti-Inflammatory Effects, Antioxidant Activity, Debridement and Anti-Eschar Action, Others), By Application (Burns, Ulcers, Cuts and Lacerations, Others), By End User (Hospitals, Ambulatory Surgery Centres, Homecare, Others),   By Region and Competition”, has evaluated the future growth potential of global silver wound dressing  and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global Kidney Function Tests market.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

 

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