Silver Wound Dressing Market 2021 Strategic Assessment- ConvaTec Inc., B.Braun Melsungen AG, 3M Company, Argentum Medical, Smith & Nephew Plc

Global Silver Wound Dressing Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

The market for silver wound dressing is majorly driven by factors such as growing incidence of the chronic wounds, increasing geriatric population who is prone to diseases such as Diabetes, raising awareness among the general population regarding the advanced wound care treatment and the adoption to the same in developing as well as developed countries.

According to the data given by World Health Organization, every year more than 305 million acute, traumatic and burn wounds are recorded and treated across the globe and it is indicated that this number is on the rise. Added to that, it is also suggested that up to two percent of the population across the developed countries is suffering from chronic wounds every year. Diabetes, Obesity and the late effects of radiation therapy are some of the factors that also contribute to the rising incidence of chronic wounds. A study conducted by the Wound Healing Society (WHS), United States, revealed that approximately 8.2 million people had wounds with or without infection during the year 2018 in the United States and the total cost of Medicare for acute and chronic wounds was around USD 21.1 to USD 96.8 billion. The statistics indicate that there is a burden of chronic wounds across the globe which is a direct factor propelling the growth of the market studied.

Furthermore, a rise in the incidence of Diabetic ulcers is contributing to the rapid growth of the market studied. A report published by the America Diabetes Association has stated that the annual incidence of Diabetic Foot ulcers is around 2% and is on the rise in Western countries. In the United Kingdom, people with diabetes account for over 40% hospitalizations for major amputations and around 73% for minor amputations for the foot ulcers. This proves the opportunity that silver wound dressing products have in this country.

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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-

ConvaTec Inc., B.Braun Melsungen AG, 3M Company, Argentum Medical, Smith & Nephew Plc, Medline Industries, Acelity LP, Integra Lifesciences Corporation, BSN Medical, Hollister Wound Care

Burns is Expected to Witness High CAGR Over the Forecast Period

Burns is one of the most common household injuries, especially among children. It is the burning sensation associated with this injury. Burns are characterized by severe skin damage that causes the affected skin cells to die. Data from the National Center for Injury Prevention and Control in the United States show that approximately 2 million fires are reported every year which results in 1.2 million people with burn injuries. Moderate to severe burn injuries requiring hospitalization account for approximately 100,000 of these cases, and about 5,000 patients die each year from burn-related complications

There are approximately 90% of burns that occur in low to middle-income countries, and these countries generally lack the necessary infrastructure to reduce the incidence and severity of burns. But there has been a worldwide downward trend of burn incidence, burn severity, length of hospital stay, and mortality rate. According to a study article published in 2016, there were 11 studies from 10 countries (Australia, Bulgaria, China, the Czech Republic, Finland, Iran, Israel, the Netherlands, Oman, and the United Kingdom) reporting an increase of burn incidence rates. And in most of the studies (26 studies from 16 countries Australia, Austria, Canada, Chile, China, Germany, Hong Kong, India, Japan, Mexico, the Netherlands, Singapore, South Africa, South Korea, Sweden, and the United States) has reported a downward trend of burn.
The above-mentioned statistics indicate that as the number of cases with burns is increasing, there is a rising demand for silver wound dressings.
In addition, the rising burden of Diabetes is also contributing to the market growth as diabetic people are falling prey to the diabetic foot ulcers which are propelling the demand for wound management products.

The United States to Hold the Largest Market Share

Major factors that are driving the market studied in the United States are rapidly growing the aging population, a high number of diabetic population, and the developed healthcare system which adapts to the novel innovations. The high number of Diabetic population in the country is indicating that there are chances of rising cases of diabetic ulcers which are showing moderate prevalence. For instance, the National Institute of Health has stated that the incidence of DFU (Diabetic Foot Ulcers) in the United States was 15% in the year 2018. This is augmenting the demand for silver wound dressing in this country and ultimately the market is growing.

Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America) 
Middle East & Africa

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Major points covered in this research are:-

─Silver Wound Dressing Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers

─Global Market Size (Value) of Silver Wound Dressing (2020-2025)

─Global Silver Wound Dressing Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)

─Global Silver Wound Dressing Production, Revenue (Value), Price Trend by Type

─Global Silver Wound Dressing Market Analysis by Application

─Global Silver Wound Dressing Manufacturers Profiles/Analysis

─Silver Wound Dressing Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Global Silver Wound Dressing Market Forecast (2020-2025)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this Silver Wound Dressing report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Silver Wound Dressing product development and gives an outline of the potential Global market.

Irfan Tamboli (Head of Sales) – Market Insights Reports
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irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.