Middle East 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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Middle East advanced wound care market is a fragmented 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 Middle East advanced wound care market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
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 will help to increase its product portfolio with respect to clinical needs range and revenue of a company.
3M is the dominating player in Middle East advanced wound care market. The other key players existing in the market includes Baxter, Cardinal health, MiMedx, Johnson & Johnson Services, Inc., Integra LifeSciences Corporation, Coloplast Group Medline Industries, Inc., Mölnlycke Health Care AB, ConvaTec Inc., Avery Dennison Corporation, Lohmann & Rauscher GmbH & Co. KG., B. Braun Melsungen AG, Medtronic, Hollister Incorporated, Zimmer Biomet, Elkem Silicones (A Subsidiary of China National Bluestar (Group) Co,Ltd.), TRIAGE MEDITECH PVT. LTD., Brightwake Ltd among others. .
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, healthcare and consumer. The product categories of the company include Abrasives, Adhesives and Tape, Advanced Materials, Aerospace and Aircraft Maintenance, Animal and Pet Care, Orthodontics, Patient Monitoring, Personal Healthcare, Skin and Wound Care, Sterlization Monitoring, Surgical Solutions among others out of which Skin and Wound Care is the market focused category.
- 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 presence across Americas, Europe, Asia-Pacific, Middle East and Africa.
Baxter
Baxter is headquartered in Illinois, U.S. and was founded in 1931. The company is engaged in offering products for dominas such acute and chronic dialysis therapies, sterile intravenous (IV) solutions, infusion systems and devices, parental nutrition therapies, inhaled aesthetics, generic injectable pharmaceuticals and surgical homeostat and sealant products. The product categories of the company include Patients and Healthcare Professionas out of which Healthcare Professions is the market focused category.
- In July 2020, Baxter International Inc. announced that it has received the U.S. FDA clearance of its product named Altapore Shape Bioactive Bone Graft. This FDA clearance received by the company has increased its demand and sales in the market leading to increased revenue in the future.
The company has a presence across North America, Europe, Middle East and Africa and South America.
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 product categories of the company include Wound Care and Surgical out of which Wound Care is the market focused category.
- In November 2018, Mölnlycke Health Care AB introduced Mepilex Border Flex dressing which will heal the wound in lesser time with minimized costs and waste. This launch will maximize the product line and profit margin of a company.
The company has a presence across South America, North America, Asia-Pacific, Europe and Middle East and Africa.
