How To Buy A Silver Wound Care Market On A Shoestring Budget

Growing Prevalence Of Diseases And Conditions Affecting Wound Healing Capabilities

• The growing incidence of chronic ailments such as diabetes is driving the growth of the global silver wound care market.
• Diabetic patients exhibit a documented impairment in the healing of acute wounds. This may lead to severe wound infections. The diabetic population is prone to develop chronic non-healing diabetic foot ulcers (DFUs), which are estimated to occur in 15% of all persons with diabetes.
• With the growing number of diabetics across the globe, wound care is gaining importance. The International Diabetes Federation reported that by 2040, diabetes incidence is expected to reach 642.0 million. Thus, the growing incidences of diabetes are driving the market.
• According to the World Health Organization (WHO), the incidence of diabetes for all age groups worldwide was estimated to be 2.8% in 2000 and 4.4% by 2030. The total number of people with diabetes is anticipated to rise from 171 million in 2000 to 366 million by 2030.
• Increased age is also a major risk factor for impaired wound healing. According to the WHO, there has been a significant rise in the global geriatric population; the group of people above 65 years of age is the fastest growing population segment. This segment is expected to grow from 13% in 2010 to 19% by 2030. This rise in the geriatric population is likely to increase the demand for medical services substantially.
• Moreover, this significant rise in the population is expected to trigger the growth of noncommunicable diseases (heart, cancer, diabetes), which account for about 87% of the burden on the aged population in the lower-middle and high-income countries.
• According to the International Diabetes Federation (IDF), in 2017, approx. 425 million adults (20-79 years) were living with diabetes and estimated to rise to 629 million by 2045.
• The proportion of people with type-2 diabetes is increasing in most countries 79% of adults with diabetes were living in low- and middle-income countries. The highest numbers of people with diabetes were between 40 and 59 years of age.
• This situation would also need surgical interventions, consequently fueling the growth of the wound care dressings market.
• Due to the significant development and growth observed in medical care, especially with the advent of antibiotics, vaccinations, and several public health measures, the average life expectancy of an individual has improved dramatically.
• The rise in life expectancy in developed countries will increase the demand for wound care devices in the next few years.
• Thus, as a consequence, the prevalence of diabetes and conditions affecting wound healing capabilities are expected to increase over the forecast period (2019-2026), leading to rising in demand for silver & collagen wound care products.

Market Opportunities

• The increasing initiatives taken by the government and private organizations related to awareness towards wound care treatment are expected to create vast growth opportunities for the silver & collagen wound care market globally.
• Topical silver sulfadiazine is the standard treatment for burn injuries, however, newer occlusive dressings can provide faster healing and are often more cost-effective. Each year more than 500,000 persons present to U.S. emergency departments with burns, and 40,000 are hospitalized. Consequently, most patients with burn wounds are treated in the outpatient setting, making primary care physicians the main treatment source for thousands of burn patients each year.
• The rising incidence of diabetic ulcers is also contributing to the rapid growth of the market which proves the various opportunity that silver wound dressing products have globally over the forecast period.
• The silver and collagen wound dressing market is expected to create more opportunities with advancement in technology which becomes more viable. Traditional wound care and closure products are being increasingly substituted with advanced wound care management and closure products due to their efficacy and effectiveness in managing wounds by enabling faster healing.
• Modern wound care clinicians have witnessed the development of a bewildering array of new technologies, many of which have emerged as a result of the failings of previous products. One of the more successful recent advances has been the introduction of Hydrofiber® Technology. Hydrofibers are one of the most widely used modern wound care dressings and this article examines their qualities and the evidence for their efficacy.

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