Dublin, Aug. 20, 2024 (GLOBE NEWSWIRE) -- The "Silicone Scar Dressing Market - A Global and Regional Analysis: Focus on Region, Country-Level Analysis, and Competitive Landscape - Analysis and Forecast, 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The global silicone scar dressing market, valued at $318.9 million in 2023, is on a trajectory of robust growth and is anticipated to reach $495.6 million by 2030.
This market is expected to expand at a compound annual growth rate (CAGR) of 6.5% between 2023 and 2030, propelled by the increasing prevalence of chronic wounds such as diabetic ulcers, venous ulcers, and pressure injuries, particularly among the aging global population, the rising focus on cosmetic outcomes, and the growing prevalence of procedures causing scars.
As healthcare systems worldwide continue to evolve toward more efficient and patient-centric care models, the demand for silicone scar dressing is expected to rise, reflecting their critical role in modern wound care strategies.
The global silicone scar dressing market was valued at $301.7 million in 2022 and is anticipated to grow to $495.6 million by the end of 2030, at a projected CAGR of 6.5%. Regionally, North America is expected to maintain the largest market share, demonstrating steady growth with a CAGR of 5.79%, reflecting its advanced healthcare infrastructure and heightened awareness of wound management. The market in North America is expected to be driven by factors such as rising focus on cosmetic outcomes and the growing prevalence of procedures causing scars, along with the presence of numerous key market players.
The European region is expected to show robust growth at a 5.99% CAGR, fueled by rapid healthcare advancements and a growing aging population.
Asia-Pacific and the Rest-of-the-World regions are expected to exhibit the highest growth rates at 8.27% and 8.56%, respectively, due to improvements in healthcare systems and rising accessibility to advanced medical treatments. These dynamics underscore the expanding global need for effective wound care solutions and the significant opportunities for market players across diverse healthcare landscapes.
Key Market Players and Competition Synopsis
The global competitive landscape of the silicone scar dressing market has been defined by the presence of several key players, each contributing to the market's growth through innovation, business expansion, innovation, product launches, and a focus on expanding product portfolios.
Leading companies in this space are distinguished by their commitment to research and development, which enables them to introduce advanced wound care solutions that address a range of needs, from basic wound protection to complex wound management scenarios.
Some prominent names established in this market are:
- Molnlycke
- Smith & Nephew
- Advancis Medical
- Avocet Polymer Technologies
- B. Braun
- Bayer
- Espere Healthcare Ltd
- Bio Med Sciences
- BMG Pharma spA
- CCA Industries, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 41 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $318.9 Million |
| Forecasted Market Value (USD) by 2030 | $495.6 Million |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/2mb6ht
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