Silver Wound Dressings Market Analysis, Forecast, and Assessment 2019
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There are various types of silver wound dressings presently used in the industry: hydrofiber silver dressings, silver nitrate dressings, silver alginate dressings, nano crystalline silver dressings, and silver plated nylon fiber dressings, among others. These dressings are used in the treatment of several ailments, including skin grafts, surgical wounds, ulcers, lacerations and cuts, and burns.
The report offers a detailed assessment of the various product types available in the silver wound dressings market and discusses their feasibility and performance over the last few years. The various technological advancements that define the trajectory of this market have been talked about at length and their impact on the key vendors and the future of this market has been highlighted. With the help of the latest research tools, the report also sheds light on the power of buyers, suppliers, substitutes, new entrants, and competitors on the vendor landscape.
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The use of silver wound dressings in the treatment of chronic and acute wound infections has increased of late and this is a major factor driving the global market. With the rise in hard-to-heal wounds – such as ulcers, lacerations, and burns, there has been a subsequent surge in the level of awareness among patients. This awareness is not only regarding the importance of proper and safe wound care and wound management, but also regarding the benefits of silver as an antimicrobial. Silver, as a wound dressing, ensures reduced healing time, lower risk of infection, and cost-effective treatment.
The demand for silver wound dressings is relatively higher among those suffering from diabetic foot ulcers. The Centers for Disease Control and Prevention (CDC) notes that in the period from 1980 to 2011, the incidence of diabetes rose from 5.6 mn to 20.9 mn in the U.S. The risk of these patients developing diabetic foot ulcers is estimated to be up to 15.0%.
From a geographical perspective, the global market for silver wound dressings is segmented into Asia Pacific, North America, Europe, and Rest of the World. North America has been identified as a prominent market for silver wound dressings mainly due to a massive geriatric and diabetic population base. The greater incidence of chronic wounds such as gangrene and diabetic foot ulcers is also a key factor driving the demand for silver wound dressings in this regional market. Europe and Asia Pacific are also anticipated to witness considerable growth over the coming years owing to the rising incidence of chronic wounds, occurring primarily due to diabetes, and growing awareness about advanced wound care. In addition to this, a massive population base, increasing inflow of medical tourists, and lower bed capacity in hospitals is likely to result in greater uptake of silver wound dressings in Asia Pacific.
Kinetic Concepts Inc., Smith & Nephew plc., 3M Company, Medline Industries Inc., Argentum Medical, ConvaTec Inc., and B. Braun Melsungen AG are some of the key players in the global silver wound dressings market. Most companies competing in this space have been focusing on product development and technological advancements to strengthen their hold over the market.
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