J&J, Hill-Rom, and KCI Leading in Wound Care

J&J, Hill-Rom, and KCI Leading in Wound Care

Six wound care companies earn over half the revenue in the wound care devices market, according to market research company Kalorama Information's new report, Advanced Wound Care Markets Worldwide. Top wound care companies worldwide include Johnson & Johnson, 3M, Medtronic, Hill-Rom, Acelity, and Smith & Nephew. These companies are responsible for about 56% of the revenues for the total wound care devices market. These developments are discussed in Kalorama Information's report, Advanced Wound Care Markets Worldwide

Leading Wound Care Companies

The top wound care medical device provider in 2016 was Johnson & Johnson securing 16.1% of the total wound care market, according to Advanced Wound Care Markets Worldwide. Johnson & Johnson divested its professional wound care arm in order to concentrate in other areas but continues to maintain a presence in the consumer wound care product line. The company enjoys a long history of providing quality sutures for surgeons worldwide and is undoubtedly the leader in the suture market. Expanding on its expertise in the surgical closure market, the company has developed several staplers and closure systems that have influenced the wound care market. It is anticipated that Ethicon will remain the leader in the market but it must continue to offer new innovations that capture the essence of the market either by developing them in house or acquiring technology from one of the many smaller niche companies operating in this market.   Hill-Rom held the second market position. Hill-Rom specializes in pressure relief devices, beds, and supplies increasing its revenues.  Acelity, owners of KCI, secured the third market position. KCI, through its V.A.C. line of products has increased its presence within the total worldwide wound care market.

Growth & Opportunities in the Wound Care Market 

Despite the dominance of these large wound care companies, there are still billions of dollars in the market. The worldwide wound care market reached revenues of over $20 billion in 2016. Exact market share detail is in provided in our report.  

 The wound care market is varied in terms of both product offerings and product maturity. Several of the products and medical devices within the worldwide wound care market are mature, such as anti-infectives and pressure relief products, while other medical devices for wound care such as biological dressings and negative pressure wound therapy are in the growing stages of development. Thus, some consumer wound care products within the market are slowing in growth rates while others are driving growth.     

Kalorama Information's Advanced Wound Care Markets Worldwide (report:http://www.kaloramainformation.com/Advanced-Wound-Care-10506928/ ) provides market estimates and forecasts for specific product category markets such as dressings, artificial skin, NPWT, cleaning agents, anti-infectives, wound closure supplies and other markets for wound care medical devices. 

For further information on the global market for medical devices, including the market's trends and competitors, visit Kalorama Information's report, The Global Market for Medical Devices, 8th Edition .