Wound Care Market Key Trends, Research Methodology, Development Factors, Top Company Share

The most notable market participants are Smith & Nephew; Ethicon USA LLC; Convatec Group Plc; BAXTER International Inc.; COLOPLAST AS; Paul HARTMANN AG; MEDTRONIC PLC; 3M COMPANY; MIMEDX, and Integra LifeSciences Holdings Corporation, occupying a considerable share of the market owing to their offerings to the market.

Market leaders are involved in extensive research for the development of new wound care with better efficiency and treatment outcomes. For instance, in September 2022, MiMedx Group, Inc. announced the launch of AMNIOEFFECT, a tri-layer PURION-processed human tissue allograft consisting of the amnion, intermediate, and chorion membrane layers of the placenta. AMNIOEFFECT complements and expands the Company’s Surgical Recovery product portfolio. In addition, AMNIOEFFECT offers superior handling characteristics and provides surgeons the capability to secure the tissue in place with sutures when needed to address a surgical wound.

Many well-known as well as small local companies are present in the market to provide diversified products to its customers. The larger firms are adopting the strategy of acquiring small firms to enhance its product portfolio and expand its footprint in different geographies. Additionally, various companies are also undergoing other strategic alliances such as collaborations and others to garner their significance and remain competitive in the market.