Silver Wound Dressing Market would rocket up to USD 2216.20 million by 2029

According to data from the World Health Organization, over 305 million traumatic, acute, and burn wounds are reported and treated globally each year, and this number is rising. Furthermore, it is predicted that almost 2% of people in developed nations experience chronic wounds every year. The long-term effects of radiation therapy, obesity, and diabetes all have a role in the rising incidence of chronic wounds.

Data Bridge Market Research analyses that the silver wound dressing market which was USD 882.4 million in 2021, would rocket up to USD 2216.20 million by 2029, and is expected to undergo a CAGR of 12.20% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Drivers

Rising chronic diseases
The market for silver wound dressings is anticipated to grow significantly over the forecast period due to a number of key factors, including the rising prevalence of chronic diseases, technological advancements, an increase in accidents and trauma cases, and a rise in the number of senior citizens.

Usage of silver wound dressings
Silver wound dressings have a wide spectrum of antibacterial activity, minimise the risk of infection, and change the activity of metalloproteinases in wounds. As a result, traditional wound care and closure solutions are being quickly replaced by silver wound dressings, which is the main reason fuelling the market's expansion.

Rise in sports related injuries
The rising use of silver wound dressings is thought to be prominent in the outpatient and inpatient healthcare fields. In addition, the number of sports-related injuries is increasing, and governments in various nations are investing more in total medical costs, which is another important factor fuelling the growth of the worldwide silver wound dressing market.

Some of the major players operating in the silver wound dressing market are:

3M (U.S.)
Coloplast Corp (Denmark)
Medline Industries, Inc. (U.S.)
Cardinal Health (U.S.)
B. Braun Melsungen AG (Germany)
Smith + Nephew (U.K.)
ConvaTec Group PLC(U.K.)
Integra LifeSciences (U.S.)
Scapa Group Ltd. (U.K.)
Advanced Medical Solutions plc. (U.K.)
Essity Medical Solutions (Germany)
Hollister Incorporated (U.S.)
Urgo (France)
Lohmannand Rauscher (Germany)
Molnlycke Health Care AB (Sweden)
PAUL HARTMANN AG (Germany)

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