Advanced Wound Care Market is expected to grow at a healthy CAGR of 4.4% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global 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. For instance, in July 2019, Advanced Medical Solutions Group plc received FDA certification for silver high performance dressing and silicone PHMB foam dressing from Food and Drug Administration. These products help to strengthen the company’s advanced wound care portfolio as well as support end consumers and even wound care partners.

Smith+Nephew 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, 3M, Organogenesis Inc., Coloplast Group, ConvaTec Group PLC,  Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., MEDTRONIC, B. Braun Melsungen AG, PAUL HARTMANN Limited, Cardinal Health, Advanced Medical Solutions Group plc, MiMedx, Medline Industries, Inc., Advancis Medical UK, Hollister Incorporated, Zimmer Biomet, AVERY DENNISON CORPORATION,  Baxter and others.

SMITH & NEPHEW  

SMITH & NEPHEW is headquartered in Hertfordshire, U.K. which 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 business segments of company are advanced wound management and reconstruction, sports medicine, trauma & other surgical businesses and product categories are advanced wound management, orthopaedic reconstruction, robotics-assistance, sports medicine, trauma & extremities, ear, nose and throat.

• In June 2019, Smith & Nephew launched PICO 14 Single Use Negative Pressure Wound Therapy System (sNPWT) has pump duration for 2 weeks and used for deep wounds with 7 centimeters deep. 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 the globe such as Africa, Asia, Europe, Americas, Australasia and Middle East. 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

3M is headquartered in Minnesota, U.S. which was founded in 1902. The company focuses for the development, manufacturing and distribution of a range of products for industrial, safety & graphics, health care, electronics & energy and consumer use.  The business segments of company are industrial, safety & graphics, health care, electronics & energy and consumer and product categories are automotive, commercial solutions, design & construction, electronics, energy, healthcare, manufacturing, mining, oil & gas, safety, transportation.

For instance,

• In October 2019, 3M acquired Acelity, Inc., which is engaged in wound care and specialty surgical application solutions. With this acquisition the company added additional product in their existing product. This will help the company to improve its position in wound care market.

The company has wide global presence across the globe such as Americas, Europe, Middle East & Africa, Asia-Pacific. 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.

MEDLINE INDUSTRIES, INC

MEDLINE INDUSTRIES, INC. has headquartered in Illinois, U.S. and it 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 product categories of company are  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.

• In April 2019, Medline Industries, Inc. launched Skin Champion Program at Symposium on Advanced Wound Care (SAWC) in Charlotte, U.S. This will help the company to enhance its recognition in advance wound care market.

The company has presence 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.

Recent Strategic Decisions