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Global advanced wound care market to reach $22 billion by 2024

Medical Market Research

The Global Advanced Wound Care Market is expected to reach USD 22,088.6 million by 2024 from USD 11,683.5 million in 2016, at a CAGR of 8.4% in the forecast period 2017 to 2024.

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Acelity L.P. INC. is going to dominate the "advanced wound care market" in 2016 followed by Smith and Nephew, and Molnlycke Healthcare AB. Other players in this market include 3M, Medtronic, Convatec Inc, Baxter, Coloplast, Ethicon.

Inc, Hollister Inc, Integra Life Sciences Corporation, Derma Sciences Inc, Spiracur Inc, Medline Industries, Mimedx Group, Organogenesis Inc, Talley Group, BSN Medical, Devon Medical Products, Human Biosciences Inc, B.Braun Melsungen AG, Cardinal Health, Paul Hartmann Limited, DeRoyal Industries Inc, DermaRite Industries LLC, MPM Medical Inc, Kinetic Concepts, Advancis Medical among others holds 26.0% of the global advanced wound care market in 2016.

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Acelity L.P. Inc was founded in 1976 and headquartered in San Antonio, Texas, this company designs products to address needs in the areas of advanced wound therapy and regenerative medicine with best-in-class solutions that deliver superior clinical outcomes for patients. The company's operations span across North America, Europe, Middle East, Africa, Asia, and rest of the world.

Acelity L.P. Inc operates through two business segments: Advanced Wound Therapy (AWT) and Regenerative Medicine (RM).

Recent Developments:

  1. In February 2017, Acelity L.P. Inc. announced that it has completed the sale of its regenerative medicine business unit, Life cell Ccorporation to Allergen for USD 2.9 billion in cash.
  1. In October 2016, Acelity L.P. Inc. announced that Alloderm Select Duo Regenerative Tissue Matrix is launched in the United States. Alloderm Regenerative Tissue Matrix is the nation’s leading biological tissue matrix for soft tissue reinforcement.

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Company supports healthcare professionals in more than 100 countries in their daily efforts to improve the lives of their patients by taking a pioneering approach to the design of our advanced medical products and services, by securing wider access to our diverse technologies for more customers globally, and by enabling better outcomes for patients and healthcare systems. The company's operations span across North America, Europe, Middle East, Africa, Asia, and rest of the world.

Smith and Nephew operate through four business segments: orthopedics reconstruction, advanced wound management, sports medicine, and trauma & extremities.

Recent Developments:

  1. In December 2016, Smith and Nephew, the globalmedical technology business, has been awarded the 2016 French Galien Award for PICO; the novel single-use negative pressure wound therapy (NPWT) system.

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Molnlycke was founded in 1849, and is headquartered in Gothenburg, Sweden. Mölnlycke Health Care is a world leading medical products and Solutions Company that equips healthcare professionals to achieve the best patient, clinical and economic outcomes.

Company design and supply products and solutions for use in wound treatment, pressure ulcer, infection prevention and surgery. The company's operations span across North America, Europe, Middle East, Africa, Asia, and rest of the world.

Recent Developments:

  1. In February 2016, Molnlycke announced the acquisition of Sundance Solutions, a leader in developing innovative solutions for the safe positioning and turning of patients to help prevent pressure ulcers.

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