Smith & Nephew, 3M and Medline Industries, Inc. are Dominating the Global Advanced Wound Care Market in 2020

Global Advanced Wound Care Market is expected to grow with the CAGR of 6.3% in the forecast period of 2021 to 2028. 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 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 helped companies to maximize the sales with enhanced product portfolio.

  • In April 2019, Smith & Nephew had acquired Osiris Therapeutics, Inc. which offers medicine products such as bone graft, skin and articular cartilage substitutes. It has been completed for USD 19.00 per share in cash, which represents a total equity value around USD 660 million. 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.

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

Advanced Wound Care Market

Smith & Nephew

Smith & Nephew has headquartered in Watford, U.K. 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 orthopaedics, advanced wound management, sports & medicine among others.

  • In December 2009, Smith & Nephew announced an agreement of the Wound Care Sector Deal within the Life Sciences Industrial Strategy. This agreement will help to minimize the variant related to wound treatment and even help to cure the wound within less time at cheaper cost. This offers a novel innovative tool for examination and treatment of wounds and help to showcase the product of a company around the world.

The company has presence in North America, South America, Europe, Asia-Pacific, and Middle East & Africa. The company has various subsidiaries that are Blue Sky Medical Group Inc (U.S.), Exogen, Inc. (U.S.), Endocare GmbH (Germany), Plus Orthopaedics France SAS (France) and Smith & Nephew (Europe) B.V (Netherlands) among more.

3M

3M headquartered in Minnesota, U.S, was founded in year 1929. The company is engaged in product development, manufacturing and marketing in safety and industrial, transportation and electronics, health care and consumer.

  • 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.

The company has wide global presence across the world as North America, Europe, Asia-Pacific, South America, Middle East and Africa with its 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

Medline Industries, Inc.

Medline Industries, Inc. is headquartered InIllinois, 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.

  • In April 2020, Medline Industries, Inc. announced that it has undergone partnership with BandGrip in order to expand its micro-anchor skin closure technology. This partnership done by the company has increased its demand and sales in the market leading to increased revenue in future.

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