Silver & Collagen Wound Care Market Size
Global Silver & Collagen Wound Care market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.
Advanced dressings for different kinds of wounds are made possible by the combination of collagen's tissue-regenerative characteristics and silver's antibacterial properties in silver and collagen wound care solutions.
To stop dangerous germs from entering an open wound using collagen wound dressings, silver is utilized to prevent infection and bacterial colonization of the dressing. To provide comfortable use and little interference with the healing process, many collagen and silver dressings are flexible and can conform to different wound shapes and sizes.
Market Summary
| Metrics | Details |
| CAGR | YY% |
| Market Size Available for Years | 2022-2031 |
| Estimation Forecast Period | 2024-2031 |
| Revenue Units | Value (US$ Mn) |
| Segments Covered | Product, Source, Form, Indication, End-User |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Largest Region | North America |
| Fastest Growing Region | Asia-Pacific |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Silver & Collagen Wound Care Market Dynamics
Increase in the prevalence of chronic wounds
An increase in the prevalence of injuries, wounds and ulcers is expected to increase the demand for silver and collagen wound care products. For instance, according to NIH in 2023, approximately 18.6 million people worldwide are affected by diabetic foot ulcers each year, including 1.6 million people in the United States. These ulcers precede 80% of lower extremity amputations among people diagnosed with diabetes and are associated with an increased risk of death.
Additionally, according to the report by NIH in 2022, it is estimated that around 1 to 3 million individuals are affected by pressure injuries of the skin and soft tissues every year in US. The prevalence of pressure injuries among hospitalized patients is 5% to 15%, with the percentage considerably higher in some long-term care environments and intensive care units. Thus, the above factors are expected to drive the market growth.
High cost of the silver and collagen dressing
High cost of silver and collagen wound care products is expected to hinder the market growth. Patients and healthcare systems may have financial difficulties while using collagen and silver dressings, as they are often more costly than standard dressings. This may make places less accessible, particularly those with little resources.
Silver & Collagen Wound Care Market Segment Analysis
The global silver & collagen wound care market is segmented based on the type of needle gauges, applications, end-users and region.
Silver Dressing segment is expected to dominate the market share
Silver reduces the chance of infection in susceptible wounds by successfully fighting off a variety of bacteria, fungi, and certain viruses. Patients and healthcare professionals gain from the continuous release mechanisms of some silver dressings, which minimize the need for frequent changes. Many silver dressings are pliable and conform to different wound forms, making them easy to wear.
In the venous leg ulcer condition, silver-releasing foam dressings reduce discomfort, control odour, absorb exudate, and prevent infection, however, if the patient also receives concurrent compression therapy, the foam dressing's stiffness should be taken into account. Thus, the above factors are expected to hold the segment in the dominant position during the forecast period.
Silver & Collagen Wound Care Market Geographical Share
North America is expected to hold a significant position in the silver and collagen wound care market share
North America is expected to hold a dominant position in the market growth. This is due to the presence of strong players in the region and also the well-established healthcare. Advancements in wound care, prevalence of chronic wounds, ulcers and other surgical site infections and launches of a number of products to reduce infection are expected to hold the region in the dominant position in the market share in the forecast period.
For instance, diabetes is the leading cause of non-traumatic amputations in the US. According to the report by NIH in 2022, it is estimated that overall, about 5% of patients with diabetes mellitus develop foot ulcers and 1% end up with an amputation.
Additionally, according to the journal published by Mary Ann Liberty Inc. in 2021, it is estimated that chronic wounds impact the quality of life of nearly 2.5% of the total population of the United States. Thus, the above factors are expected to drive the region’s market growth.
COVID-19 Impact Analysis
Limited surgical procedures and the reduced need to prevent surgical site infections have lowered the usage of wound care products. Reduced attention toward the chronic wound patients by prioritizing COVID-19 patients has also affected product usage. Reduced supply chain due to the lockdown at the borders and also the reduced production of non-essential medical products during the COVID-19 phase have impacted the market growth. Thus, COVID-19 has affected the market growth.
Silver & Collagen Wound Care Key Players
The major global players in the market include DermaRite Industries, LLC., Hymed Group, McKesson Medical-Surgical Inc., Covalon Technologies Ltd., 3M, Byram Healthcare Centers, Inc., ZENIMEDICAL., Cascade Healthcare Solutions, Dynamic Techno Medicals, Medline Industries, LP. among others.
Why Purchase the Report?
- To visualize the global silver & collagen wound care market segmentation based on the product, source, form, indication, end-user and region as well as understand key commercial assets and players.
- identify commercial opportunities by analyzing trends and co-development.
- excel data sheet with numerous data points of the silver & collagen wound care market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global silver & collagen wound care market report would provide approximately 55 tables, 58 figures and 180 pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
