Smith & Nephew, 3M, Mölnlycke health care AB and B. Braun Melsungen AG are Dominating the Belgium Advanced Wound Care Market in 2019

Belgium Advanced Wound Care Market is expected to grow with the CAGR of 2.0% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Belgium 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 strategic developments owing to favourable market scenario.   

The major players dealing in Belgium advanced wound care market are introducing strong range of product portfolio. This has helped the companies to maximize the sales with enhanced product portfolio. For instance, in November 2018, Mölnlycke Health Care AB introduced Mepilex Border Flex dressing which will heal the wound in reduced time with cost that is low and also reduces waste.

Smith & Nephew is the dominating player in Belgium advanced wound care market. The other key players existing in the market includes 3M, Baxter, B. Braun Melsungen AG, Coloplast Group, Johnson & Johnson Services, Inc., MEDTRONIC, Mölnlycke Health Care AB, Medline Industries, Inc., Integra LifeSciences Corporation, Hollister Incorporated, Zimmer Biomet, , ConvaTec Group PLC, Elkem Silicones, Lohmann & Rauscher GmbH & Co. KG, BSN MEDICAL.

Belgium Advanced Wound Care Market

Smith & Nephew

Smith & Nephew is headquartered in Hertfordshire, U.K. The company is focused on developing, manufacturing and marketing novel solutions for orthopaedics, advanced wound management and sports medicine & ENT.

The company has multiple business segments like advanced wound management and reconstruction, sports medicine, trauma & other surgical businesses. Among these, advanced wound management and reconstruction is the market focused segment. They provide a wide range of products like advanced wound management, orthopaedic reconstruction, robotics-assistance, sports medicine, trauma & extremities, ear, nose and throat. In this, advanced wound management is the market focused category.

  • In December 2018, Smith & Nephew proclaimed an agreement of the Wound Care Sector Deal within the Life Sciences Industrial Strategy. This agreement will help to reduce the alternatives related to wound treatment and even help to medicate the wound within less time at a cost which is low. This proposes a new ground-breaking tool for examination and treatment of wounds and aids to showcase the product of a company around the world.

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

3M

The company is headquartered in Minnesota, U.S and was founded in 1908. The company is engaged in the development, manufacturing and distribution of a range of products for industrial, safety & graphics, health care, electronics & energy and consumer use. The company has multiple business segments like industrial, safety & graphics, health care, electronics & energy and consumer, in it, health care is the market focus segment. The company offers wide range of product categories such as automotive, commercial solutions, design & construction, electronics, energy, healthcare, manufacturing, mining, oil & gas, safety, transportation, among this healthcare is the market focused category.

  • In October 2019, 3M successfully acquired Acelity, Inc., which provides wound care and specialty surgical application solutions. With the enhancement in the variety of products, the company can provide the wound care solutions to its patient.

The company has presence in Asia-Pacific, Europe, Middle East, North America and Latin America. In addition to it, the company also generates its revenue from the various subsidiary companies such as  3M Japan Limited (Japan), Meguiar's, Inc (U.S.), 3M India Limited (India), 3M Canada Company –Compagnie 3M Canada (Canada), 3M Thailand Limited (Thailand) among others.

MÖLNLYCKE HEALTH CARE AB

Mölnlycke Health Care AB is headquartered in Gothenburg, Sweden and was found in 1849. The company focused on medical products and solutions for healthcare industry related to wound management, surgery and pressure ulcer prevention. The company offers wide range of product categories such as wound management, prevention and surgical solutions, in this wound management is the market focused category.

  • In November 2018, Mölnlycke health care AB introduced Mepilex border flex dressing which will heal the wound in very less time with reduced costs and minimal waste.

The company has wide global presence in Asia-Pacific, South America, North America and Middle East and Africa.