Medline Industries, Inc., Smith & Nephew and 3M are Dominating the Europe Advanced Wound Care Market in 2019

Europe Advanced Wound Care Market is expected to grow with the CAGR of 4.1% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Europe 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 Europe advanced wound care market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in April 2019, Smith & Nephew announced that they have acquired Osiris Therapeutics, Inc. which engaged in offers medicine products such as bone graft, skin and articular cartilage substitutes. This acquisition will increase the product portfolio and business of advanced wound management which will ultimately result with upsurge of profit margin of a company.

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

Europe Advance Wound Care MarketMedline Industries, Inc.

Medline Industries, Inc., headquartered in Illinois, U.S. was founded in 1910. The company deals in supplying and manufacturing medical supplies. It offers various products related to wound and skin care, sterile and electrosurgical face masks, incontinence products, medical equipment, and others. The company provides products in various category such as advanced wound care, anesthesia, apparel, beds & mattresses, central sterile, diagnostics, durable medical equipment (DME), environmental services (EVS), equipment & furnishings,  foot & ankle, gloves, incontinence, infection prevention, lab supplies, nursing supplies/patient care, nutrition, office supplies, OR/surgery, pharmacy, punctal occlusion, respiratory, skin care, textiles, therapy & rehabilitation, urology & ostomy, vascular access, wound care,  specialty products, out of which clinical specialties & diseases is market focused solution category.

  • In April 2019, Medline Industries, Inc. announced that they have launched Skin Champion Program at Symposium on Advanced Wound Care (SAWC) in Charlotte, U.S. The Medline Skin Health Champion Program helps to develop new strategies in the field of treatment for those who fight and treat unhealing lesions and will provide wound care physicians and members with simple learning. This will help the company to enhance its recognition in advance wound care market.

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

Smith & Nephew

Smith & Nephew is headquartered in Hertfordshire, U.K., The Netherlands was founded in 1856. The company is engaged in developing, manufacturing and marketing novel solutions for orthopaedics, advanced wound management and sports medicine & ENT. The company has multiple business segments such as orthopaedics, sports medicine & ENT, advanced wound management in such segments advanced wound management is the market focused business segment. The company offers product categories which are advanced wound management, orthopaedic reconstruction, robotics-assistance, sports medicine, trauma & extremities, ear, nose and throat out of which advanced wound management is market focused category.

  • In June 2019, Smith & Nephew announced that they have introduced PICO 14 Single Use Negative Pressure Wound Therapy System (sNPWT) which has pump duration for 2 weeks and used for deep wounds with 7 centimeters deepness. This will help to increase its product portfolio with respect to clinical needs range and revenue of a company.

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

3M

3M is headquartered in Massachusetts, U.S. and was founded in year 1902. The company is engaged in manufacturing and operating in the field of industry, worker safety, health care and consumer goods. The company operates in safety and industrial, transportation and electronics, health care, consumer, corporate and unallocated business segments out of which health care is market focused 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 in which healthcare is market focused category.   

  • In October 2019, 3M announced that they have acquired Acelity, Inc., a provider of wound care and specialty surgical application solutions. With the addition in product portfolio, the company can provide the wound care solutions to its patient. This will help the company to accelerate its position in wound care market.

The company has wide global presence across as Asia-Pacific, Europe, Middle East and Africa, South Americas, North America with its various subsidiaries such as 3M Japan Limited (Japan), Meguiar's, Inc (U.S.), 3M India Limited (India), 3M Canada Company – Compagnie 3M Canada (Canada) and 3M Thailand Limited (Thailand), among others.