3m, SMITH & NEPHEW, MEDLINE INDUSTRIES, INC are dominating the Asia-Pacific Advanced Wound Care Market in 2019

Asia-Pacific Advanced Wound Care Market is expected to grow with the healthy CAGR of 4.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Advanced wound care market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in global advanced wound care market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. In April 2016, Baxter International Inc. received FDA approval for the topical hemostatic drug Floseal hemostatic matrix. Floseal has an innovative type of processing system with 20 percent lower components and other highly efficient materials. This advancement in the method of healing will help the organization notify intraoperative bleeding.

3M is the dominating player in the advanced wound care market. The other key players existing in the market includes Smith+Nephew, Mölnlycke Health Care AB, Coloplast Group, ConvaTec Group PLC,  Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., MEDTRONIC, B. Braun Melsungen AG, PAUL HARTMANN Limited, Cardinal Health, Medline Industries, Inc., Advancis Medical UK, Hollister Incorporated, Zimmer Biomet, AVERY DENNISON CORPORATION,  Baxter and others.

Asia-Pacific Advanced Wound Care Market

3M

3M is headquartered in Minnesota, the United States of America in 1902. The company engaged in developing, manufacturing and distributing a range of products for industrial, safety, graphics, health care, electronics, energy and consumer use. The business sectors of the company are industry, electronics and energy, healthcare, safety and graphics, and consumer and product categories are commercial solutions, automotive, mining, oil and gas, electronics, energy, design and construction, safety, health care, manufacturing, transportation.

For instance,

  • In October 2019, 3M acquired Acelity, Inc. , which works in the field of wound care and specialized surgical application solutions. With this acquisition, the company added an additional product to its existing products. This will help the company improve its position in the wound care market.

The company has a wide global presence throughout the world such as the Americas, the Middle East, Europe, Africa and Asia Pacific. In addition, the company also earns revenues from various subsidiary companies such as 3M Canada Company, Meguiar's, Inc (United States), 3M Japan Limited (Japan), and 3M India Limited (India) - Compagnie 3M Canada (Canada), 3M Thailand Limited ( Thailand) among others.

SMITH & NEPHEW  

SMITH & NEPHEW is headquartered in Hertfordshire, United Kingdom founded in 1856. The company is engaged in the development, manufacture and marketing of new orthopedic and advanced medicine solutions for wound management, sports medicine, ENT. The company's business sectors are: advanced wound management and reconstruction, sports medicine, trauma and other surgical companies and product categories are Sports Medicine, Orthopaedic Reconstruction, Ear, Nose and Throat, advanced Wound Management, Robotics-assistance, and Trauma & Extremities.

  • In June 2019, Smith & Nephew launched the PICO 14 single-use negative pressure therapy (sNPWT) system for a two-week pump period and is used for deep wounds 7 centimeters deep. This will help increase its product portfolio in relation to the range of clinical needs and company revenue.

The company has wide global presence across the globe such as Africa, Europe, Australasia, Asia, Americas and Middle East. In addition, the company also generates revenue from various subsidiary companies such as Osiris Therapeutics (U.S.), ArthroCare (U.S.), Smith and Nephew, Inc. (U.K.), Ceterix Orthopaedics Inc (U.S.), Blue Belt Technologies Inc (U.S.) among others.

MEDLINE INDUSTRIES, INC

MEDLINE INDUSTRIES, INC. has headquartered in Illinois, U.S. and it was founded in 1910. The company engaged in the supply and manufacture of medical supplies. It deals in many products related to medical equipment, sterile and electrical face masks, wound and skin care, incontinence products, and others. The product categories of company are  advanced wound care, apparel, anesthesia, beds & mattresses, diagnostics, central sterile, durable medical equipment (DME), equipment & furnishings, environmental services (EVS),  gloves, foot & ankle, incontinence, nursing supplies/patient care, wound care,  infection prevention,  lab supplies, office supplies, nutrition, OR/surgery, punctal occlusion, pharmacy, respiratory, textiles, skin care, therapy & rehabilitation, vascular access, urology & ostomy, specialty products

  • In April 2019, Medline Industries, Inc. launched Champion Skin Program at a Symposium on Advanced Wound Care (SAWC) in Charlotte, USA, which will help the company enhance its recognition in the advanced wound care market.

The company has presence in Europe, North America, Asia & Oceania. In addition, the company also generates revenue from various subsidiary companies such as Professional Hospital Supply, Inc. (U.S.), Chester Packaging LLC (U.S.), and Precept Medical Products, Inc. (U.S.), Centurion Medical Products (U.S.) among others.