A new market research report by Transparency Market Research, titled “Silver Wound Dressings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, provides an in-depth evaluation of the market for silver wound dressings. The information presented in this study is an amalgamation of historical data and insights from leading industry experts. This information is gathered by conducting both primary as well as secondary research. An extensive review of the market drivers, challenges, inhibitors, and opportunities is also a part of this research report. The overall evaluation of the prime products within the market as well as their scope in the coming years has also been included in this study. The SWOT analysis as well Porter’s five forces model utilized in this report will help in business advancement within this market. An evaluation on the market’s competitive scenario has enabled strategic decision making by the upcoming players looking to penetrate the market.
According to the report, the major factor fuelling the growth of the market for silver wound dressings is the rising occurrence of chronic wounds, including pressure sores, diabetic foot ulcers, and traumatic wounds. In addition, the increasing aging population and rising disposable income globally will also further raise the demand for silver wound dressings in the coming years. On the other hand, as per the report, the soaring costs of development and the stagnant commercialization of advanced products are amongst the chief factors that may restrain the growth of the market in forthcoming years.
In terms of type of silver wound dressings, the market is segmented into silver nitrate dressings, anti-microbial silver dressings, hydrofibre silver dressings, and silver alginate silver dressings. Silver wound dressings are utilized for treating a number of ailments such as burns, skin grafts, skin irritations, lacerations and cuts, rashes, skin ulcers, and incisions.
In terms of geography, the report segments the silver wound dressings market into Asia Pacific, North America, Europe, and Rest of the World (RoW). Amongst these, North America held the largest share in the market in 2013 due to the huge base of aging population and the rising occurrence of chronic wounds, including gangrene and diabetic foot ulcers. On the other hand, the regions of Asia Pacific and Europe will experience the greatest growth in the market for silver wound dressings due to the increasing occurrence of diabetes-related chronic wounds within these two regions
As stated in the report, the chief players dominant in the market are B. Braun Melsungen AG, Argentum Medical, ConvaTec Inc., Kinetic Concepts Inc., Medline Industries Inc., Smith & Nephew plc., and 3M Company, among others.
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