Smith & Nephew, Mölnlycke Health Care AB and 3M are Dominating in the Europe Advanced Wound Care Market in 2020

Europe Advanced Wound Care Market is expected to grow with the CAGR of 5.8% in the forecast period of 2021 to 2028. 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. The market has witnessed increased strategic developments owing to favourable market scenario.    

The major players dealing in the Europe advanced wound care market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition and agreement into the market. This has helped the companies to maximize the sales with enhanced product portfolio. For instance, in January 2019, Mölnlycke Health Care AB acquired M&J Airlaid Products A/S which offers specific and high-quality absorbent materials. This has strengthened the wound care business by offering wide range of products and solutions. This acquisition has supported the growth and enhanced the R&D capacity of company which ultimately resulted in increased differentiated portfolio.

Smith & Nephew is the dominating player in the Europe advanced wound care market. The other key players existing in the advanced wound care market includes 3M, B. Braun Melsungen AG, Medline Industries, Inc., Mölnlycke Health Care AB, Hollister Incorporated, Essity Aktiebolag, ConvaTec Group PLC, Baxter, Brightwake Ltd., Coloplast Group, Cardinal Health, Kerecis, Lohmann & Rauscher GmbH & Co. KG, MiMedx, AVERY DENNISON CORPORATION, Johnson & Johnson Services, Inc., Medtronic, Zimmer Biomet, Elkem ASA, TRIAGE MEDITECH PVT. LTD., Integra LifeSciences Corporation among others.

Europe Advanced Wound Care Market

Smith & Nephew:

Smith & Nephew is headquartered in Watford, U.K. and was founded in 1856. The company focuses on designing and making technology that takes the limits off living in order to help healthcare professionals achieve the same goal by offering products in orthopedics, advanced wound management, sports & medicine among more. The company deals in multiple business segments such as orthopaedics, sports medicine & ENT and advanced wound management out of which advanced wound management is the market focused segment. The company has various products under categories such as advanced wound management, orthopaedic reconstruction, robotics and digital surgery, sports medicine, trauma & extremities, ear, nose & throat and material composition among which advanced wound management is the market focused category.   

For instance,

  • In June 2019, Smith & Nephew 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 reduces the requirement for fillers as well as decreases the frequency of dressing as compared with traditional system. This has helped to increase its product portfolio with respect to clinical needs range and revenue of a company.

The company has wide presence across Americas, Europe, Middle East and Africa, Asia-Pacific and Australasia. The company has various subsidiaries such as Blue Sky Medical Group Inc (U.S.), Exogen, Inc (U.S.), Endocare GmbH (Germany), Plus Orthopedics France SAS (France) and Smith & Nephew (Europe) B.V (Netherlands) among more.

Mölnlycke Health Care AB:

Mölnlycke Health Care AB is headquartered in Gothenburg, Sweden and was founded in 1849. The company provides medical products and solutions for healthcare industry related to wound management, surgery and pressure ulcer prevention. The company has various products under categories such as wound care and surgical out of which wound care is the market focused category.  

For instance,

  • In October 2019, Mölnlycke Health Care AB held conference in Las Vegas, NV having aim to enhance performance in healthcare in the various parts of the world. This has increased the awareness about the company’s technological products and solutions.

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

3M:

3M is headquartered in Minnesota, U.S. and was founded in 1929. The company is engaged in product development, manufacturing and marketing in safety and industrial, transportation and electronics, health care and consumer. The company deals in multiple business segments such as safety and industrial, transportation and electronics, health care and consumer out of which health care is the market focused segment. The company has various products under categories such as abrasives, adhesives & tape, advanced materials, aerospace & aircraft maintenance, animal & pet care, orthodontics, patient monitoring, personal health care, skin & wound care, sterilization monitoring and surgical solutions among others out of which skin & wound care is the market focused category.  

For instance,

  • In October 2019, 3M successfully 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 has helped the company to accelerate its position in wound care market.

The company has wide presence across Americas, Europe, Middle East and Africa and Asia-Pacific. The company has various subsidiaries such as 3M Japan Products Limited (Japan), 3M Korea High Tech Limited (South Korea), 3M West Europe B.V. (Netherlands), 3M Products Limited (U.K.) and 3M Thailand Limited (Thailand) among others.