Global Silver Wound Dressing Market to Reach US$ 1,386.7 Million by 2032, Impelled by Rising Chronic Wounds and Injuries Cases

September 13, 2022 | Healthcare

IMARC Group’s latest report, titled “Silver Wound Dressing Market Report by Type (Hydrofiber Silver Dressings, Nanocrystalline Silver Dressing, Silver Plated Nylon Fiber Dressing, Silver Nitrate Dressing, Silver Alginate Dressing, and Others), Disease (Ulcers, Burns, Cuts and Lacerations, and Others), End User (Inpatient Facilities, Outpatient Facilities), and Region 2024-2032,” finds that the global silver wound dressing market size reached US$ 970.1 Million in 2023. Silver wound dressings are advanced wound care products designed to manage bioburden by releasing steady amounts of silver to the wound to provide antibacterial and antimicrobial action. They are widely used as primary or secondary dressings to prevent infection and promote faster wound healing. These dressings help contain and manage minimal, moderate, or heavy exudates in surgical wounds, pressure ulcers, diabetic foot ulcers, venous leg ulcers, and burns. They can be used under compression or with select topical and adjunctive therapies to minimize the bacterial load and improve the appearance of the wound’s granulation tissue. As a result, silver wound dressings find extensive applications across the healthcare industry in treating acute or chronic wounds.

Global Silver Wound Dressing Market Trends:

The rising chronic wounds and injuries cases and improving healthcare infrastructure represent the primary factors driving the market growth. Moreover, the increasing number of surgeries has augmented the product demand to prevent surgical site infections and promote rapid healing. In addition, there has been a significant shift from traditionally used wound care and closure products toward advanced wound care treatment solutions like silver dressings, as they provide a wide range of antimicrobial activity and alter metalloproteinases within wounds. Along with this, the surging incidences of chronic diseases, such as cancer, diabetes, and cardiovascular diseases (CVDs), are positively influencing the market growth. Furthermore, the leading players are launching novel product variants, such as bioresorbable wound dressing with gallium and silver metal ions, to expand their product portfolio and customer base. In line with this, the widespread availability of silver wound dressings based on the patient and wound needs, such as exudate level, wound depth, odor control, ease of removal, and safety has accelerated the product adoption rate. Other factors, including the increasing road accidents, shifting preferences toward home healthcare, expanding geriatric population, technological advancements, and ongoing product innovations, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 1,386.7 Million by 2032, growing at a CAGR of 4% during 2024-2032.

Market Summary:

  • Based on the type, the market has been segmented into hydrofiber silver, nanocrystalline silver, silver plated nylon fiber, silver nitrate, silver alginate, and other dressings. 
  • On the basis of the disease, the market has been classified into ulcers, burns, cuts and lacerations, and others. 
  • The market has been bifurcated based on the end user into inpatient and outpatient facilities. 
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some of the key players being 3M Company, Advanced Medical Solutions Group plc, B. Braun Melsungen AG, Cardinal Health Inc., Coloplast A/S, ConvaTec Group plc, Ferris Mfg. Corp., Hollister Incorporated, Integra LifeSciences, Medline Industries LP, Mölnlycke Health Care AB, and Smith & Nephew plc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Type, Disease, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M Company, Advanced Medical Solutions Group plc, B. Braun Melsungen AG, Cardinal Health Inc., Coloplast A/S, ConvaTec Group plc, Ferris Mfg. Corp., Hollister Incorporated, Integra LifeSciences, Medline Industries LP, Mölnlycke Health Care AB and Smith & Nephew plc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
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Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Silver Wound Dressing Market to Reach US$ 1,386.7 Million by 2032, Impelled by Rising Chronic Wounds and Injuries Cases
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