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

Germany Advanced Wound Care Market is expected to grow with the CAGR of 5.5% 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. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Germany advanced wound care market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This helped companies to maximize the sales with enhanced product portfolio. For instance,

• In May 2017, AVERY DENNISON CORPORATION acquired Finesse Medical Ltd., an innovator for medical drug designing and manufacturing for wound treatment and skin disease management. With this acquisition, the company will maximize its customer base worldwide.

Smith & Nephew is the dominating player in Germany advanced wound care market. The other key players existing in the market includes 3M, Medline industries, Mölnlycke Health Care AB, Convatec Group PLC among others.

Smith & Nephew:

The company was established in 1856, headquartered in Hertfordshire, U.K. The company is engaged in developing, manufacturing and marketing novel solutions for orthopaedics, advanced wound management and sports medicine & ENT. The company offers its product in different categories such as advanced wound management, orthopaedic reconstruction, robotics-assistance, sports medicine, trauma & extremities, ear, nose and throat. The market focused product is advanced wound management. The company has wide global presence such as Africa, Asia, Europe, Americas, Australasia and Middle East. The companies has various subsidiaries including 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.

• 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 will help to increase its product portfolio with respect to clinical needs range and revenue of a company.

3M:

3M, headquartered in Minnesota, U.S. was founded in 1902. The company focuses on the development, manufacturing and distribution of a range of products for industrial safety, graphics, healthcare, and electronics among others. The company offers its products in several categories such as automotive, commercial solutions, design & construction, electronics, energy, healthcare, manufacturing, mining, oil & gas, safety and transportation. Market focused segment is healthcare. The company has various subsidiaries around the world including 3M Japan Limited (Japan), Meguiar's, Inc (U.S.), 3M India Limited (India), 3M Thailand Limited (Thailand) among others. The company has its presence in Americas, Europe, Middle East & Africa, and Asia-Pacific.

• 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 will help the company to accelerate its position in wound care market.

Medline Industries Inc.:

Medline Industries, Inc., headquartered in Illinios, 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 has its products in different categories 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, and specialty products. The market focused segment is advanced wound care. The company has wide presence across North America, Europe, and Asia & Oceania. The company also generates its revenue from the subsidiaries 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.

• In April 2018, Medline Industries, Inc. 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 advanced wound care market