Global Silver Wound Dressings Market By Product Type (Traditional, and Advanced), By End-Use (Hospitals, Clinics, Home Healthcare, and Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Silver Wound Dressings Market Overview:

The global silver wound dressing market was worth USD 905.2 million in 2021. It is expected to grow at 5.89% during the forecast period.

Silver wound dressing is in high demand due to the increasing incidence of chronic diseases, technological advances, rising accidents, traumas, and a growing geriatric population.

Global Silver Wound Dressings Market Scope:

Product Type Analysis

The market can be divided into two types based on product types advanced and traditional wound dressing. Advanced silver wound dressing is divided into silver-plated nylon fiber dressing, Silver Alginates, Silver Hydrogel/Hydrofibre, and Nano Crystalline Silver Dressings. Advanced silver wound dressing was the most popular segment in 2021 and is anticipated to grow at the fastest rate in the coming years.

Advanced silver wound dressing has antimicrobial properties which allow for rapid wound healing. Advanced silver wound dressings can be used both as primary and secondary dressings. They are suitable for treating moderate, heavy exudates. These dressings treat pressure ulcers, surgical wounds, burn wounds, and diabetic foot ulcers. As such, the demand for silver antimicrobial wound dressings is expected to rise due to an increase in acute wound cases.

End-Use Analysis

In 2021, the market for silver wound dressings was dominated by hospitals. This segment is growing due to the increasing demand for treating chronic and acute wounds. The segment will also be driven by the rising incidence of diabetic foot and venous ulcers. Silver-based formulations are used to heal leg ulcers quickly.

The segment is also being driven by an increase in surgical wounds, which has been caused by the rise in the number of operations. These factors could fuel segment growth during the forecast period. The home health segment is expected to experience the most significant growth during the forecast period.

Patients with chronic wounds and geriatric patients prefer home care to hospitalization. Many surgeries require prolonged recovery periods, which means that dressings need to be changed frequently. This is why there is a growing demand for wound care products that can be used in home healthcare.

Кеу Маrkеt Ѕеgmеntѕ

By Product Type

• Traditional
  • Silver Bandages
  • Others
• Advanced
  • Silver Foam Dressing
  • Silver Plated Nylon Fiber Dressing
  • Silver Hydrogel/Hydrofibre
  • Silver Alginates
  • Nano Crystalline Silver Dressings
  • Others

By End-Use

• Hospitals
• Clinics
• Home Healthcare
• Other End-Uses

Market Dynamics:

The market is expected to grow due to the increasing prevalence of acute and chronic wounds and the introduction of technologically advanced products. Imbed Biosciences Inc. received a USD 1.5 million grant from the National Institutes of Health in October 2019 for the research and development of bioresorbable wound treatments with silver and gallium metal ions. These new products will positively impact the market’s growth during the forecast period.

The rising number of chronic wounds will also drive the market. According to data from the Centers for Disease Control and Prevention, 6 of 10 Americans had at least one chronic illness in 2021. These include diabetes, heart disease, and cancer.

This high rate of chronic disease in America is a major reason for the high death and disability rates. The United States considers cancer a major healthcare problem because it is one of the causes of death.
The global increase in surgeries has also led to the incidence of acute wounds. Silver-based wound dressings are increasingly used to prevent surgical site infection and allow rapid healing.

Post-cancer surgery surgical wounds are often large and deep. They release exudates that need to be managed regularly. Silver wound care products are able to manage large wounds and significantly reduce the chance of infection. These products will be in demand due to the rising prevalence of chronic diseases, which is attributed to driving the global market growth.

Market growth is also due to the increasing incidence of trauma events and road accidents. According to the American Association for the Surgery of Trauma, in 2017, 1.2 million people were killed worldwide, or around 3242 deaths per day. These cases will likely increase the demand for products that speed up wound healing.

To strengthen their positions in the industry, key players are using various strategies. For example, GEMCO Medical launched GEMCORE360 in February 2019. This brand is a line of advanced Wound Care products. This portfolio contains silver alginate dressings, hydrocolloid dressings, transparent thin films, alginate dressings, and PHMB foam dressings. These initiatives are expected to be a significant market driver during the coming years.

Regional Analysis

In 2021, North America was the dominant market. As such, it accounts for 36.9% of the market share among other regions. North America is expected to be driven by the increasing number of road accidents and the rising prevalence of chronic illnesses. The market will also be caused by the increased availability of skilled workers and improvements in the healthcare infrastructure over the forecast period. There are also key players in the region.

The market in the Asia Pacific is expected to experience the fastest growth during the forecast period. The market is expected to grow due to developing countries like China, India, and Japan. The market will also see an increase in chronic diseases like diabetes, which is expected to boost its growth over the forecast period.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Molnlycke Health Care AB and 3M, Coloplast, and Medline are the major players in this market. Smith and Nephew PLC and Smith and Nephew PLC are also prominent players. To strengthen their market position, key players are using various strategies, including mergers and acquisitions, product launches, partnerships, and partnerships.

KCI-an Acelity, for instance, introduced 2019 its advanced wound dressing products such as KERRAFOAM Gentle Border Dressing, KERRACONTACT Ag Dressing, and KERRAMAX CARE Dressing in South Africa to increase its market presence. 3M later purchased Acelity. These strategic initiatives are expected to increase the company’s market share and revenue.

Market Key Players:

• Mölnlycke Health Care AB
• The 3M Company
• Coloplast
• Medline
• Smith & Nephew PLC
• Convatec Group plc.
• B. Braun
• Kinetic Concepts, Inc.
• Other Key Players

For the Silver Wound Dressings Market research study, the following years have been considered to estimate the market size: