global advanced wound care market - analysis & forecast (2016-2022)

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Global Advanced Wound Care Market - Analysis and Forecast (2016-2022) (Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices, Ultrasonic Devices, and Electromagnetic Devices)

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Page 1: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Page 2: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

BIS Research is a leading market intelligence and technology research company. BIS Research publishes in-depth

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applications, deeply segmented granular country-level market data and other important market parameters useful

in the strategic decision making for senior management. BIS Research provides multi-client reports, company

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Copyright © 2016 BIS Research

All Rights Reserved. This document contains highly confidential information and is the sole property of BIS Research.

Disclosing, copying, circulating, quoting or otherwise reproducing any or all contents of this document is strictly

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It may not be accessed by, or offered whether for sale or otherwise to any third party.

Page 3: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Table of Contents

Executive Summary ................................................................................. 18

1 Research Scope and Methodology ...................................................... 26

1.1 Research Scope ........................................................................ 26

1.2 Research Methodology ............................................................. 29

1.2.1 Historical and Base Year Estimation, 2011–2015 ......... 30

1.2.2 Forecasting, 2016–2022 .............................................. 30

1.2.2.1 Special Consideration ............................................... 31

1.3 Data Sources ............................................................................ 32

1.3.1 Secondary Research Data Sources ............................... 32

1.3.2 Primary Data Sources .................................................. 33

2 Introduction to Global Advance Wound Care Technologies ................. 35

2.1 Key Industrial Developments ................................................... 35

2.1.1 Skin Substitutes and Growth Factors ........................... 37

2.1.2 NPWT Devices .............................................................. 37

2.1.3 Hyperbaric Oxygen Therapy ......................................... 37

2.1.4 Industry Trends ........................................................... 38

2.2 Wounds .................................................................................... 39

2.2.1 Chronic Wounds ........................................................... 39

2.2.2 Acute Wounds .............................................................. 40

2.3 Macro and Micro Indicators ...................................................... 40

3 Market Dynamics ................................................................................ 43

3.1 Market Drivers .......................................................................... 44

3.1.1 Rise in Geriatric Population to Trigger the Growth in the Market ................................................................ 44

3.1.2 Surge in Chronic Diseases to Enhance Market

Growth ......................................................................... 46

3.1.3 Faster Healing Times Generates Favour Among

Emergency Care and ICU Staff ..................................... 46

Page 4: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

3.1.4 Increasing Patient Awareness and Healthcare

Expenditure ................................................................. 47

3.1.4.1 Worldwide Prevalence of Acute and Chronic

Wounds, by Types ................................................... 47

3.1.5 Rise in Incidence of Wound Infections Promotes the Sale of Wound Dressings ....................................... 48

3.2 Market Restraints ..................................................................... 48

3.2.1 High Cost of Advanced Wound Dressings Hampering Penetration into Asian Markets .................. 48

3.2.2 Reluctance in Accepting Novel Technologies at the Gp Level Creates a Negative Impact on Sales .............. 48

3.2.3 Unfavourable Reimbursement Scenario to Restraint

the Growth of the Global Wound Dressings Market ...... 49

3.3 Market Opportunities ................................................................ 49

3.3.1 Focus on the Development of Combination

Dressings ..................................................................... 49

3.3.2 Investing in Emerging Economies ................................ 50

4 Competitive Insights .......................................................................... 51

4.1 Key Market Developments & Strategies .................................... 51

4.1.1 New Product Launches, Developments and

Expansions ................................................................... 52

4.1.2 Acquisitions, Partnerships and Collaborations ............. 54

4.1.3 Business Expansion and Others ................................... 55

4.2 Global Market Share Analysis ................................................... 58

4.2.1 Market Share Analysis .................................................. 58

4.2.1.1 Acelity, Inc. ............................................................ 60

4.2.1.2 Smith & Nephew, Plc ................................................ 60

4.2.1.3 Mölnlycke Healthcare ............................................... 60

4.2.2 Product Segment Share, by Company, 2015 & 2016 .... 61

4.2.2.1 Advanced Wound Dressings ...................................... 61

4.2.2.2 NPWT Devices ......................................................... 62

4.2.2.3 Wound Care Biologics ............................................... 63

4.2.3 Regional Market Share Analysis ................................... 64

Page 5: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

4.3 Comprehensive Competitive Index ........................................... 66

4.4 Growth-Share Matrix ................................................................ 67

4.5 Opportunity Matrix Analysis ..................................................... 73

5 Global Advanced Wound Care Market by Products, 2016-2022 ........... 75

5.1 Overview .................................................................................. 75

5.2 Advanced Wound Dressing ....................................................... 78

5.2.1 Film Dressing ............................................................... 80

5.2.2 Foam Dressing ............................................................. 81

5.2.3 Hydrofiber Dressing ..................................................... 84

5.2.4 Hydrocolloids ............................................................... 86

5.2.5 Hydrogels ..................................................................... 88

5.2.6 Collagen ....................................................................... 90

5.2.7 Alginate ....................................................................... 92

5.2.8 Antimicrobial Dressing ................................................. 95

5.3 Negative Pressure Wound Therapies (NPWT Devices) .............. 97

5.3.1 Conventional Negative Pressure Wound Therapy (NPWT) ........................................................................ 98

5.3.1.1 Canisters ................................................................ 99

5.3.1.2 Pumps .................................................................... 99

5.3.1.3 Dressing Kits.......................................................... 100

5.3.2 Single-Use Negative Pressure Wound Therapy

(NPWT) ...................................................................... 101

5.4 Biologics ................................................................................. 103

5.4.1 Skin/Dermal Substitutes ............................................ 104

5.4.1.1 Allograft ................................................................ 106

5.4.1.2 Xenograft .............................................................. 107

5.4.1.3 Placenta/Amniotic Tissue ......................................... 107

5.4.1.4 Bioengineered skin/synthetic Substitutes ................... 108

5.4.2 Growth Factors .......................................................... 110

5.4.3 Topical Agents ........................................................... 111

5.5 Other Advanced Wound Care Products ................................... 113

Page 6: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

5.5.1 Hyperbaric Oxygen Therapy ....................................... 113

5.5.2 Ultrasonic Mist and Electrical Simulation Devices ...... 115

6 Global Advanced Wound Care Market by Wound Type, 2016-2022 ... 117

6.1 Overview ................................................................................ 117

6.2 Chronic Wounds ..................................................................... 121

6.2.1 Pressure Ulcer (PU) ................................................... 122

6.2.2 Venous Leg Ulcer (VLU) ............................................. 124

6.2.3 Diabetic Foot Ulcer (DFU) .......................................... 127

6.3 Acute Wounds ........................................................................ 131

7 Global Advanced Wound Care Market by Geography, 2016-2022 ..... 134

7.1 North America ........................................................................ 134

7.1.1 The U.S. ..................................................................... 140

7.1.2 Canada ....................................................................... 142

7.2 Europe .................................................................................... 144

7.2.1 U.K. ............................................................................ 147

7.2.2 Germany .................................................................... 149

7.3 Asia Pacific ............................................................................. 151

7.3.1 Japan ......................................................................... 154

7.3.2 China .......................................................................... 156

7.4 Rest of the World (RoW) ........................................................ 158

7.4.1 Brazil ......................................................................... 161

8 Company Profiles .............................................................................. 163

8.1 3M Healthcare ........................................................................ 163

8.1.1 Overview .................................................................... 163

8.1.2 Financials ................................................................... 164

8.1.2.1 Financial Summary ................................................. 166

8.1.3 SWOT Analysis ........................................................... 167

8.2 Acelity (Kinetic Concepts, Inc., LifeCell Corporation and

Systagenix Wound Management, Limited) .............................. 168

8.2.1 Overview .................................................................... 168

Page 7: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

8.2.2 Financials ................................................................... 169

8.2.2.1 Financial Summary ................................................. 171

8.2.3 SWOT Analysis ........................................................... 172

8.3 Baxter International, Inc. ....................................................... 173

8.3.1 Overview .................................................................... 173

8.3.2 Financials ................................................................... 174

8.3.2.1 Financial Summary ................................................. 176

8.3.3 SWOT Analysis ........................................................... 177

8.4 B. Braun Melsungen AG .......................................................... 178

8.4.1 Overview .................................................................... 178

8.4.2 Financials ................................................................... 179

8.4.2.1 Financial Summary ................................................. 181

8.4.3 SWOT Analysis ........................................................... 182

8.5 Coloplast A/S ......................................................................... 183

8.5.1 Overview .................................................................... 183

8.5.2 Financials ................................................................... 184

8.5.2.1 Financial Summary ................................................. 186

8.5.3 SWOT Analysis ........................................................... 187

8.6 ConvaTec, Inc. ........................................................................ 188

8.6.1 Overview .................................................................... 188

8.6.2 Financials ................................................................... 189

8.6.2.1 Financial Summary ................................................. 191

8.6.3 SWOT Analysis ........................................................... 192

8.7 Derma Sciences, Inc. .............................................................. 193

8.7.1 Overview .................................................................... 193

8.7.2 Financials ................................................................... 194

8.7.2.1 Financial Summary ................................................. 196

8.7.3 SWOT Analysis ........................................................... 197

8.8 Paul Hartmann AG .................................................................. 198

8.8.1 Overview .................................................................... 198

8.8.2 Financials ................................................................... 199

Page 8: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

8.8.2.1 Financial Summary ................................................. 201

8.8.3 SWOT Analysis ........................................................... 202

8.9 Smith & Nephew ..................................................................... 203

8.9.1 Overview .................................................................... 203

8.9.2 Financials ................................................................... 204

8.9.2.1 Financial Summary ................................................. 206

8.9.3 SWOT Analysis ........................................................... 207

8.10 Medline Industries, Inc........................................................... 208

8.10.1 Overview .................................................................... 208

8.11 Molnlycke Health Care ............................................................ 209

8.11.1 Overview .................................................................... 209

8.12 Hollister Incorporated ............................................................ 210

8.12.1 Overview .................................................................... 210

8.13 Vivostat A/S ........................................................................... 211

8.13.1 Overview .................................................................... 211

8.14 MediPurpose ........................................................................... 212

8.14.1 Overview .................................................................... 212

Page 9: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

List of Tables

Table 1 Market Snapshot: Global Advanced Wound Care Market 18

Table 1.1 Research Parameters 29

Table 3.1 Geriatric (Aging) Population Statistics 45

Table 3.2 Worldwide Prevalence of Acute and Chronic Wounds, By Types 47

Table 4.1 New Product Launch, Development and Expansion 52

Table 4.2 Recent Acquisitions, Partnerships and Collaborations 54

Table 4.3 Recent Business Expansion and Others 56

Table 5.1 Global Advanced Wound Care Market 77

Table 5.2 Global Advanced Wound Care Dressing Market, by Product 78

Table 5.3 Major Market Available Film Dressings 81

Table 5.4 Major Market Available Foam Dressings 84

Table 5.5 Major Market Available Hydrocolloid Dressings 88

Table 5.6 Major Market Available Hydrocolloid Dressings 90

Table 5.7 Major Market Available Collagen Dressings 92

Table 5.8 Major Market Available Alginate Dressings 94

Table 5.9 Major Market Available Alginate Dressings 96

Table 5.10 Global NPWT Market, by Product 98

Table 5.11 Global Wound Care Biologics Market, by Product 103

Table 5.12 Global Skin/Dermal Substitutes Market, by Product 105

Table 6.1 Major Wound Types 118

Table 6.2 Global Advanced Wound Care Market, by Wound Types 119

Table 6.3 Global Chronic Wound Care Market 121

Table 6.4 Global Pressure Ulcer Statistics 122

Table 6.5 Global Venous Leg Ulcer Statistics 125

Table 6.6 Global Diabetes Statistics 127

Table 6.7 Global Diabetic Foot Ulcer Statistics 129

Table 6.8 Acute Wounds Statistics as a% of ED Visits (U.S.) 132

Table 7.1 Global Advanced Wound Care Market 136

Table 7.2 North America Advanced Wound Care Market, by Product 138

Table 7.3 North America Advanced Wound Care Market, by Country 139

Table 7.4 Europe Advanced Wound Care Market, by Product 145

Table 7.5 Europe Advanced Wound Care Market, by Country 146

Table 7.6 Asia Pacific Advanced Wound Care Market, by Product 152

Page 10: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Table 7.7 Asia Pacific Advanced Wound Care Market, by Country 153

Table 7.8 RoW Advanced Wound Care Market, by Product 159

Table 7.9 RoW Advanced Wound Care Market, by Country 160

Page 11: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

List of Figures

Figure 1 Global Advanced Wound Care Market, by Product, 2015 19

Figure 2 Global Advanced Wound Care Products Market Penetration 20

Figure 3 Global Advanced Wound Care Products Y-o-Y Growth 21

Figure 4 Advanced Wound Care Market Regional Share, 2015 & 2022 22

Figure 5 Global Advanced Wound Care Market Size ($Million), 2015 – 2022 23

Figure 6 Advanced Wound Care Market, by Country, 2015 24

Figure 7 Global Advanced Wound Care Market Share, by Company 25

Figure 1.1 Key Elements Considered for the Study are: 26

Figure 1.2 Research Overview 27

Figure 1.3 Projection, q (Technology Innovation Parameter) 31

Figure 2.1 The Global Advanced Wound Care Market 2015 35

Figure 2.2 Global Advanced Wound Emerging Technologies 36

Figure 2.3 Industry Trends in Advanced Wound Care Management 38

Figure 2.4 Global Chronic Wound Care Burden, 2015 & 2022 41

Figure 2.5 U.S. Chronic Wound Care Burden, 2015 & 2020 42

Figure 3.1 Market Dynamics 43

Figure 3.2 Advanced Wound Care: Market Dynamics 44

Figure 4.1 Key Market Developments & Strategies 52

Figure 4.2 Advanced Wound Care Market Share Analysis, 2015 58

Figure 4.3 Advanced Wound Care Market Share Analysis, 2016 59

Figure 4.4 Global Advanced Wound Dressings Market Share Analysis, 2015-2016 61

Figure 4.5 Global NPWT Market Share Analysis, 2015-2016 62

Figure 4.6 Global Wound Care Biologics Market Share Analysis, 2015 63

Figure 4.7 Global Wound Care Biologics Market Share Analysis, 2016 64

Figure 4.8 Global Advanced Wound Care Market, by Region, 2015 & 2022 65

Figure 4.9 Global Advanced Wound Care Market, by Country, 2015 66

Figure 4.10 CCI Index by Company, 2015 67

Figure 4.11 Advanced Wound Dressing Growth Share Matrix, 2015 68

Figure 4.12 Advanced Wound Dressing Growth Share Matrix, 2016 69

Figure 4.13 NPWT Growth Share Matrix, 2015 70

Figure 4.14 NPWT Growth Share Matrix, 2016 70

Figure 4.15 Wound Care Biologics Growth Share Matrix, 2015 71

Figure 4.16 Wound Care Biologics Growth Share Matrix, 2016 72

Page 12: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Figure 4.17 Advanced Wound Care Opportunity Matrix, by Region, 2015 73

Figure 4.18 Advanced Wound Care Growth-Share Matrix, by Country, 2015 74

Figure 4.19 Advanced Wound Care Growth-Share Matrix, by Country, 2022 74

Figure 5.1 Advanced Wound Care Market: Product Segments 76

Figure 5.2 Global Film Advanced Wound Dressing Market ($Million), 2015-2022 80

Figure 5.3 Global Foam Advanced Wound Dressing Market ($Million), 2015-2022 83

Figure 5.4 Global Hydrofiber Advanced Wound Dressing Market ($Million), 2015-2022 85

Figure 5.5 Global Hydrocolloid Advanced Wound Dressing Market ($Million), 2015-2022 87

Figure 5.6 Global Hydrogel Advanced Wound Dressing Market ($Million), 2015-2022 89

Figure 5.7 Global Collagen Advanced Wound Dressing Market ($Million), 2015-2022 91

Figure 5.8 Global Alginate Advanced Wound Dressing Market ($Million), 2015-2022 93

Figure 5.9 Global Antimicrobial Advanced Wound Dressing Market ($Million), 2015-2022 95

Figure 5.10 Global Conventional NPWT Market ($Million), 2015-2022 101

Figure 5.11 Global Single-Use NPWT Market ($Million), 2015-2022 102

Figure 5.12 Global Wound Care Allograft Market ($Million), 2015-2022 106

Figure 5.13 Global Wound Care Xenograft Market ($Million), 2015-2022 107

Figure 5.14 Global Wound Care Placenta/Amniotic Tissue Market ($Million), 2015-2022 108

Figure 5.15 Global Wound Care Bioengineered and Synthetic Skin Market ($Million), 2015-2022 110

Figure 5.16 Global Wound Care Growth Factors Market ($Million), 2015-2022 111

Figure 5.17 Global Wound Care Topical Agents Market ($Million), 2015-2022 112

Figure 5.18 Global Hyperbaric Oxygen Therapy Market ($Million), 2015-2022 114

Figure 5.19 Global Ultrasound Mist and Electrical Simulation Market ($Million), 2015-2022 115

Figure 6.1 Wound Treatment Scenario 120

Figure 6.2 Global Pressure Ulcer Advanced Wound Care Market ($Million), 2015-2022 124

Figure 6.3 Global Venous Leg Advanced Wound Care Market ($Million), 2015-2022 126

Figure 6.4 Global Pressure Ulcer Advanced Wound Care Market ($Million), 2015-2022 130

Figure 6.5 Global Acute Advanced Wound Care Market ($Million), 2015-2022 132

Figure 7.1 Global Acute Advanced Wound Care Market ($Million), 2015-2022 134

Figure 7.2 Global Advanced Wound Care Market 2015 135

Figure 7.3 North America Advanced Wound Care Market Snapshot 137

Figure 7.4 U.S. Advanced Wound Care Market Snapshot, 2015 140

Figure 7.5 U.S. Advanced Wound Care Market ($Million), 2015-2022 141

Figure 7.6 Canada Advanced Wound Care Market Snapshot, 2015 142

Figure 7.7 Canada Advanced Wound Care Market ($Million), 2015-2022 143

Figure 7.8 Europe Advanced Wound Care Market Snapshot, 2015 144

Figure 7.9 U.K. Advanced Wound Care Market Snapshot, 2015 147

Page 13: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Figure 7.10 U.K. Advanced Wound Care Market ($Million), 2015-2022 148

Figure 7.11 Germany Advanced Wound Care Market Snapshot, 2015 149

Figure 7.12 Germany Advanced Wound Care Market ($Million), 2015-2022 150

Figure 7.13 Asia Pacific Advanced Wound Care Market Snapshot 151

Figure 7.14 Japan Advanced Wound Care Market Snapshot, 2015 154

Figure 7.15 Japan Advanced Wound Care Market ($Million), 2015-2022 155

Figure 7.16 China Advanced Wound Care Market Snapshot 156

Figure 7.17 China Advanced Wound Care Market ($Million), 2015-2022 157

Figure 7.18 RoW Advanced Wound Care Market Snapshot 158

Figure 7.19 Brazil Advanced Wound Care Market Snapshot, 2015 161

Figure 7.20 Brazil Advanced Wound Care Market ($Million), 2015-2022 162

Figure 8.1 3M: Overall Financials ($Million), 2013-2015 164

Figure 8.2 3M: Net Revenue by Business Segment ($Million), 2013-2015 165

Figure 8.3 3M: Revenue across Different Geographies ($Million), 2013-2015 166

Figure 8.4 3M: SWOT Analysis 167

Figure 8.5 Acelity: Overall Financials ($Million), 2013-2015 169

Figure 8.6 Acelity, Inc.: Net Revenue by Business Segment ($Million), 2013-2015 170

Figure 8.7 Acelity, Inc.: Revenue across Different Geographies ($Million), 2013-2015 171

Figure 8.8 Acelity, Inc.: SWOT Analysis 172

Figure 8.9 Baxter International, Inc.: Overall Financials ($Million), 2013-2015 174

Figure 8.10 Baxter International, Inc.: Net Revenue by Business Segment ($Million), 2013-

2015 175

Figure 8.11 Baxter International, Inc.: Revenue across Different Geographies ($Million), 2013-2015 176

Figure 8.12 Baxter International, Inc.: SWOT Analysis 177

Figure 8.13 B. Braun Melsungen AG: Overall Financials ($Million), 2013-2015 179

Figure 8.14 B. Braun Melsungen AG: Net Revenue by Business Segment ($Million), 2013-2015 180

Figure 8.15 B. Braun Melsungen AG: Revenue across Different Geographies ($Million), 2013-2015 181

Figure 8.16 B. Braun Melsungen AG: SWOT Analysis 182

Figure 8.17 Coloplast A/S: Overall Financials ($Million), 2013-2015 184

Figure 8.18 Coloplast A/S: Net Revenue by Business Segment ($Million), 2013-2015 185

Figure 8.19 Coloplast A/S: Revenue across Different Geographies ($Million) 2013-2015 186

Figure 8.20 Coloplast A/S: SWOT Analysis 187

Figure 8.21 ConvaTec, Inc.: Overall Financials ($Million), 2013-2015 189

Figure 8.22 ConvaTec, Inc.: Net Revenue by Business Segment ($Million), 2013-2015 190

Page 14: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Figure 8.23 ConvaTec, Inc.: Revenue across Different Geographies ($Million), 2013-2015 191

Figure 8.24 ConvaTec: SWOT Analysis 192

Figure 8.25 Derma Sciences: Overall Financials ($Million), 2013-2015 194

Figure 8.26 Derma Sciences: Net Revenue by Business Segment ($Million), 2013-2015 195

Figure 8.27 Derma Sciences: Revenue across Different Geographies ($Million), 2013-2015 196

Figure 8.28 Derma Sciences: SWOT Analysis 197

Figure 8.29 PAUL HARTMANN AG: Overall Financials ($Million), 2013-2015 199

Figure 8.30 PAUL HARTMANN AG: Net Revenue by Business Segment ($Million), 2013-2015 200

Figure 8.31 PAUL HARTMANN AG: Revenue across Different Geographies ($Million), 2013-2015 201

Figure 8.32 PAUL HARTMANN AG: SWOT Analysis 202

Figure 8.33 Smith & Nephew: Overall Financials ($Million), 2013-2015 204

Figure 8.34 Smith & Nephew: Net Revenue by Business Segment ($Million), 2013-2015 205

Figure 8.35 Smith & Nephew: Revenue across Different Geographies ($Million), 2013-2015 206

Figure 8.36 Smith & Nephew: SWOT Analysis 207

Page 15: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

List of Acronyms

Acronyms Descriptions

AIDS Acquired Immune Deficiency Syndrome

AWC Advanced Wound Care

APWCA The American Professional Wound Care Association

APAC Asia Pacific

ABR The American Burn Repository

AAWC The Association for the Advancement of Wound Care

AND Academy of Nutrition and Dietetics

AAD American Academy of Dermatology

AVF American Venous Forum

ACA Affordable Care Act

CAGR Compound Annual Growth Rate

CDC The Centres for Disease Control and Prevention

CE The Conformite Europeenne

CFDA Chinese Food and Drug Administration

cGMP Current Good Manufacturing Practice

CIHR Canadian Institutes of Health Research

CMS Centres for Medicare & Medicaid Service

COPD Chronic Obstructive Pulmonary Disease

CAWC The Canadian Association of Wound Care

DEA Drug Enforcement Agency

DFU Diabetic Foot Ulcer

EWMA The European Wound Management Association

Page 16: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Acronyms Descriptions

EMA European Medicines Agency

ED Emergency Department

FDA Food and Drug Administration

GDP Gross Domestic Product

GPOs Group Purchasing Organizations

GP General Practitioners

HBOTR The Hyperbaric Oxygen Therapy Registry

MEA Middle East Asia

NHS The National Health Services

NCBI The National Center for Biotechnology Information

NIH National Institute of Health

NPWT Negative Pressure Wound Therapy

NASL The National Association for the Support of Long Term Care

NPUAP The National Pressure Ulcer Advisory Panel

PVD Peripheral Vascular Disease

PU Pressure Ulcer

RoW Rest of the World

SAWC Symposium on Advanced Wound Care

USWR The U.S. Wound Registry

U.K. United Kingdom

U.S. United States

UHMS Undersea & Hyperbaric Medical Society

VLU Venous Leg Ulcer

Page 17: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Acronyms Descriptions

WHO World Health Organization

WOCNS Wound, Ostomy and Continence Nurses Society

WHS Wound Healing Society

Page 18: Global Advanced Wound Care Market - Analysis & Forecast (2016-2022)

Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Executive Summary

Introduction

Wounds propose a substantial health hazard to patients, providers, and the global health economy, affecting millions

of patients and costing billions dollars annually. It has been observed that wounds have anecdotal effects on the

life quality of the patients or those affected, their caregivers and families. However, in the past two decades,

numerous changes have occurred in the science of wound healing. There has been pronounced advancements in in

the development of wound dressings that possess rapid healing properties compared to traditional wound dressing

products such as gauze, cotton and bandages. At present, owing to the rigorous research and development activities

along with positive outcomes of clinical trials, players operating in the wound market have been successful in

developing advanced and cost effective wound products such as foams, hydrocolloids, hydrofiber, alginates,

Negative pressure wound therapy (NPWT) devices, and biologics among others that provide better wound healing

care and faster recovery.

Table 1

Market Snapshot: Global Advanced Wound Care Market

Parameters 2015 2022

Global Advanced Wound Care

Market

Dressings - $XX Million

NPWT - $XX Million

Biologics - $XX Million

Others - $XX Million

Dressings - $XX Million

NPWT - $XX Million

Biologics - $XX Million

Others - $XX Million

Largest Segment Dressings - $XX Million Dressings - $XX Million

Largest Dressings Market Segment Antimicrobial - $XX Million Antimicrobial - $XX Million

Fastest Growing Segment Wound Biologics – XX%

Largest Regional Market North America - $XX Million North America - $XX Million

Market Share (%) by Key Players,

2015

Acelity, Inc. – XX%, Smith & Nephew plc – XX%, Mölnlycke Health Care

– XX%

BIS Research Analysis

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Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Figure 3

Global Advanced Wound Care Products Y-o-Y Growth

BIS Research Analysis

NPWT devices are categorized into conventional NPWT and single-use NPWT systems. The conventional NPWT

systems consist of a disposables canister, a vacuum pump and dressing kits. The conventional NPWT systems

market was worth $XX million in 2015 and is expected to reach $XX million in 2022 with the market growing at a

CAGR of XX% from 2016 to 2022. The major factors contributing to the growth of NPWT market are globally growing

elderly population, and rising incidence and prevalence rate of chronic wounds such as pressure and diabetic ulcer.

Moreover, high awareness about advanced wound care devices and patients’ preference for the treatment with

minimum side-effects are also driving the growth of this market. The single use NPWT systems market was worth

$XX million in 2015 and is expected to reach $XX million in 2022 with the market growing at a CAGR of XX% from

2016 to 2022.

The Regional Market

Geographically, North America dominated the global advanced wound care market in 2015, accounted for XX% of

the global market. Furthermore, the Asia Pacific region was the largest geographical market for wound care biologics

and NPWT devices due to the large patient base suffering from diabetes associated foot ulcers, pressure ulcer and

geriatric population. In 2015, it has been estimated that more than $XX billion was spent on pressure ulcer

management in the U.S. Furthermore, the Centers for Disease Control and Prevention (CDC) and National Institutes

of Health (NIH) estimates that as of 2015, there was over XX million pressure ulcers patient in the world. In the

U.S. alone, more than XX million pressure ulcers are cured in hospitals and acute care facilities.

2016 2017 2018 2019 2020 2021 2022

Films

Foams

Hydrofiber

Hydrocolloids

Hydrogels

Collagen

Alginates

Antimicrobial

DressingTraditionalNPWT

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(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Figure 6

Advanced Wound Care Market, by Country, 2015

BIS Research Analysis

The advanced wound care market by geography was valued at $XX million in 2015 and is estimated to reach $XX

million by 2022 at a CAGR of XX% from 2016 to 2022. In 2015, the U.S. was the largest single market for advanced

wound care products with XX% market share, followed by Germany, Japan and the U.K. However, it is anticipated

that China could have the potential to just overtake the U.S. as the world’s largest advanced wound care market

by 2030. The industry experts also believe that the gap amongst the largest wound care markets (the U.S., Germany

and Japan) and the other nations will broaden over the next few decades. In 2015, the largest market, the U.S.,

was around XX% larger than the second biggest market (Germany).

Competitive Landscape

The top four wound care companies, Acelity, Inc., Smith and Nephew plc, Molnlycke Healthcare and ConvaTec

account for over XX% of the advanced wound care market globally, with their principal emphasis surrounds wound

dressing, and NPWT devices. These companies are expected to dominate the advanced wound care market during

the forecast period as the application of NPWT devices, and wound care biologics is anticipated to grow in near

future. However, stringent regulation reimbursement and pricing pressures, and the beginning of competitive

bidding models expect to temper growth rate of these companies. However, the growth of episode-base payment

XX

XX

XX

XX

XX

XX

XXXX

XX

XX

XX

XX

XX

XX

XX

U.S. Germany Japan U.K. France China

Italy Canada Spain S. Korea Russia Australia

KSA India Brazil Others

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(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

2 Introduction to Global Advance Wound Care Technologies

2.1 Key Industrial Developments

Wound management is an orchestra of extremely integrated cellular and molecular events of cell migration,

proliferation, extracellular matrix deposition and re-modelling. Certain metabolic and physiochemical conditions can

modify this normal sequence of events so that healing is compromised or hampered, resulting in complex, non-

healing wounds. Chronic wound conditions such as pressure ulcer and diabetic foot ulcers readily become non-

healing, and very challenging to manage. The costs associated with the healing of an ulcer has been noted to be as

high as $70,000; however, these approximations do not comprise the deleterious effects on the patient’s quality of

life because of impaired mobility and significant loss of productivity. Although wound care challenges remain,

advancements over the past decade have improved the clinician’s armamentarium in the medical and surgical

management of wounds. The incorporation of technological advances with the comprehensive understanding of the

complex molecular mechanisms of wound healing has led to the development of various advanced wound healing

modalities, such as synthetic skin and tissue substitutes, Negative Pressure Wound Therapy (NPWT), and Hyperbaric

Oxygen Therapy (HBOT).

Figure 2.1

The Global Advanced Wound Care Market 2015

BIS Research Analysis

XX

XX

Key Growth DriversAdvanced Wound

Care Technology

Market Share

(%), 2015

XXAdvanced Dressings

XX

XX

XX

XX

% CAGR

(2015-2020)

High product penetration in the

European market, Growing demand

of antibacterial dressing

NPWT Devices

Biologics

HBOT

Others

XX

XX

XX

High product penetration in the

U.S. market, Increasing Prevalence

of diabeties and venous leg ulcer

Growing adoption of skin grafts in

developed markets such as the U.S.

Non-lnvesive, suitable for the

elderly or infirm

Non-lnvesive, suitable for the

elderly or infirm

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Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

2.1.4 Industry Trends

The evolution of traditional wound care to advanced wound care technologies such as NPWT, biologics, and advanced

dressings has been steady. The use of simple bandages and dressings gave way to hydrofibers, alginates, collagen,

hydrogels and silver containing dressings. Replacement of traditional wound management regimens with advanced

wound care products is mainly due to their efficiency in treating wounds by preventing the growth of excess exudate,

while preserving the precise level of moisture to stimulate healing with minimum scarring. These products are

progressively being accepted by acute care centers and emergency departments to reduce the length of patient

stay and reduce the overall cost of wound management. Growing awareness of precisely formulated products and

swift technological innovations are also contributing towards market growth. Moreover, the escalating base of

geriatric population and increasing incidence of chronic conditions such as diabetes that result in chronic wounds

which need advanced level of treatment, are also spurring opportunities for the market.

Figure 2.3

Industry Trends in Advanced Wound care Management

BIS Research Analysis

Another important trend in the wound care market is the development of a combination of advanced dressings

which are prepared using several other available wound dressings in different combinations. Currently, biological

agents in combination with antimicrobials dressings are getting traction. These combination products have gained

extensive usage due to their ability to safeguard the body against microorganisms and absorb extra wound exudate.

Given their better efficiency than advanced dressings such as hydrocolloids in handling highly oozing wounds,

combination dressings are emerging to be one of the bright spots in the moist wound dressings market.

Traditional Wound Products

Gauze-based dressing,Sponges, Bandages

Combination Dressings

Combination Dressings,Single-Use NPWT

Advanced Dressings

Foam, Film, Hydrocolloids, Alginates,

NPWT

Conventional NPWT, Hydrofibers,

1970 1990 2000 2012

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(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Figure 2.4

Global Chronic Wound Care Burden, 2015 & 2020

BIS Research Analysis

In the U.S., venous leg ulcers alone cost between $XX to $XX billion. Furthermore, this figure is increasing by $XX

million annually, owing to an addition of at least 150,000 new cases. Furthermore, approximately XX million

Americans experience diabetic foot ulcers each year, corresponding to an annual healthcare expenditure of $XX to

$XX billion. Expenditures for treating pressure ulcers in the U.S. have been estimated at $XX billion annually. The

National Institute of Health (NIH) estimates that as of 2015 there were over XX million pressure ulcers in the world

where estimates exist. In the U.S alone, over XX million pressure ulcers are treated in acute care facilities, hospitals

and specialized clinics.

Values in $Billion

2015

2020

Global Wound care

Burden

XX

XX

XX

XX

XX

XX

XX

XX

Diabetic Foot Ulcer

Pressure Ulcer

Venous Leg Ulcer

Acute Wounds

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Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

3.1 Market Drivers

Market drivers are the underlying forces which compel markets to grow and further develop.

The figure below shows key market drivers in this market:

Figure 3.2

Advanced Wound Care: Market Dynamics

BIS Research Analysis

3.1.1 Rise in Geriatric Population to Trigger the Growth in the Market

According to the WHO, there has been a significant rise in the global geriatric population; the group of people above

65 years of age is the fastest growing population segment. This segment is expected to grow from XX% in 2010 to

XX% by 2020. This rise in the geriatric population is likely to increase the demand for medical services substantially.

Moreover, this significant rise in the population is expected to trigger the growth of non-communicable diseases

(heart, cancer, diabetes), which account for about XX% of the burden on the aged population in the lower-middle

and high income countries. This situation would also need surgical interventions, consequently fueling the growth

of the wound care dressings market.

Restrains Drivers

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Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

4.2 Global Market Share Analysis

4.2.1 Market Share Analysis

The wound dressings market, cumulative of dressing, NPWT, biologics, HBOT, and other products is highly

fragmented in nature due to the involvement of numerous global as well as regional players in this industry. In

terms of revenue, Acelity, Inc. accounted for the highest share of the overall wound dressings market in 2015 with

at a market share of XX%; followed by Smith & Nephew at XX%, Molnlycke Healthcare at XX%, ConvaTec at XX%,

3M Healthcare at XX%, and Coloplast at XX%. The global advanced wound care market is generally dominated by

the players mentioned above, however, depending on geographic areas market of these players varies accordingly.

Efficient distribution networks, product differentiation and supply competency play a major role in determining the

market position of such players. Majority of these players are focusing on expanding distribution network as well as

expanding presence, as Asia Pacific, Latin America and the Middle East are developing regions and there is an

increasing awareness about advanced wound dressings along with improving economic conditions.

Figure 4.2

Advanced Wound Care Market Share Analysis, 2015

BIS Research Analysis

The market is very competitive in the advanced wound care industry. Being in an extensively regulated industry,

cost of sales, marketing, and compliance are astronomically high. As a consequence, once companies have

XX

XX

XXXX

XX

XX

XX

XX

XX

XX

XXXX

XX

XX

XX

XX

XX XX

XX, Others

2015 AcelitySmith & NephewMolnlycke HealthcareConvatec3M HealthcareP.HartmannOranogenesisBSN MedicalColoplastIntegra Life ScienceMiMedx Group, IncOsiris Therapeutics IncDeRoyal Industries, Inc.Derma SciencesBioD, LLCAlliquaMISONIX, INC.Cytori TherapeuticOthers

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Ultrasonic Devices, and Electromagnetic Devices)

overcome market entry, and regulatory hurdles, they are under enormous pressure to ramp up sales in order to

capture market share and generate an adequate return on investment on their huge investments. As the U.S.

advanced wound care moves towards episode-based payment models, many companies will likely take a more

dynamic part in the risk sharing for healing outcomes, specially related to chronic wounds. The future advanced

wound products most likely to be acquired/licensed by the major companies will need to be extremely cost effective

while influencing positive clinical outcomes. Precisely, the advanced wound care domain will experience significant

activity in the wound dressing, single-use NPWT and wound care biologics segments.

Figure 4.3

Advanced Wound Care Market Share Analysis, 2016

BIS Research Analysis

Recently, several new wound care biologics have been launched in the U.S. market. Many of these biologics have

been driven by recent amendments in the fee-for-service reimbursement model for regenerative medicines including

biologics. Moreover, the episode-based reimbursement models is also expected to boost the wound care biologics

market. The wound care biologics will continue to play a vital role in wound healing, but the emphasis will shift

towards those biologics with cost saving characteristics (not just retail price, but storage ease/cost,

preparation/application time, etc. as well).

XX

XX

XX

XXXX

XX

XX

XX

XXXX

XX

XX

XXXX

XX XX

XX

XX

XXOthers

2016 (Expected Share) Acelity

Smith & Nephew

Molnlycke Healthcare

Convatec

3M Healthcare

P.Hartmann

Oranogenesis

BSN Medical

Coloplast

Integra Life Science

MiMedx Group, Inc

Osiris Therapeutics Inc

DeRoyal Industries, Inc.

Derma Sciences

BioD, LLC

Alliqua

MISONIX, INC.

Cytori Therapeutic

Others

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(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Furthermore, the company’s Avance Solo hybrid single-use NPWT device is clearly intended at seizing market share

from Acelity and Smith & Nephew. However, it is seems to be a challenging job as both of these competitors have

large GPO accounts which is very difficult to make an entry into. Molnlycke recent acquisition of Sundance Solutions’

offloading products may allow it to protect the infringement of several foam competitors such as Smith & Nephew.

The company’s recent acquisitions are both defending against new launches in the market, besides taking an aim

at pressure ulcer treatment market.

4.2.2 Product Segment Share, by Company, 2015 & 2016

4.2.2.1 Advanced Wound Dress ings

Advanced dressings, an essential element wound management strategies, reached $XX million in 2015 down to -

XX% compared to 2014 sales. Europe accounts for roughly XX% or $XX million of the global advanced dressing

segment. Most advanced dressing companies reported negative growth rate in Europe which is XX% primarily

because of currency depreciations. However, in second quarter, 2016, the advanced dressing segment has shown

some positive growth in the European market. On the other hand the U.S. registered high rate of increase in 2015

with revenue estimated at $XX million while Asia Pacific stood at $XX million. Antimicrobial dressings make up the

leading segment with XX% share of the advanced dressing market and are expected to continue to grow due to

their ease of application, management of exudate and prophylactic use for pressure ulcer reduction. Foam dressing

closely followed the antimicrobial dressings market with XX% market share. However, in the recent times, foam

has lost substantial market share owing to growing popularity of antimicrobial and hydrofiber dressings.

Figure 4.4

Global Advanced Wound Dressings Market Share Analysis, 2015-2016

BIS Research Analysis

XX

XX

XX

XXXX

XX

XXXX

XX

XX

2015Smith & Nephew

Mölnlycke

Convatec

3M Healthcare

Hartmann

Acelity

Coloplast

BSN Medical

Medline

Derma Science

Others

XX

XX

XX

XXXX

XX XX

XXXX

XXXX

2016

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Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

4.2.2.3 Wound Care Bio log ics

Wound care biologics continued to show remarkable gains in 2015. The U.S. which accounts for over XX% of the

global market, increased by +5.4% with revenues reaching $XX million in 2015. Smith & Nephew’s topical collagen

formulation, the Collagenase SANTYL Ointment was the main contributor for this growth. Synthetic and

bioengineered skin substitutes posted XX% annual growth rate.

Figure 4.6

Global Wound Care Biologics Market Share Analysis, 2015

BIS Research Analysis

XX

XX

XX

XXXX

XX

XXXX

XX

XX

XX

XX

XX

2015 Smith & Nephew

Organogenesis

Acelity

Integra

MiMedex

Osiris Therapeutics

Others

Molyncke Health Care

Derma Science

BioDlogics

Avita Medical

Cytori Therapeutic

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(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Figure 4.9

Global Advanced Wound Care Market, by Country, 2015

BIS Research Analysis

4.3 Comprehensive Competitive Index

To capture the intensity of competition in the advanced wound care sector, the comprehensive competitive index,

which measures the market concentration of an industry’s largest firms has been used. The CCI values can range

from 0(extremely fragmented market) to 5.0(monopoly). The CCI for advanced wound care industry increased from

XX in 2013 to XX in 2015, signifying that the biggest firms in the market increased their market concentration

marginally over that period owing to ongoing merger and acquisition activities. In 2015, Acelity held the top position

in the global advanced wound care market with XX% share. Since the merger and acquisition of the Kinetic Concept

(KCI), Systagenix, and LifeCell brands in 2013, the company has dominated the NPWT segment with more than

XX% market share. Smith & Nephew is second most dominated player in the advanced wound care market. In

2015, the company held XX% of global market and established itself as a well-known brand with a comprehensive

product portfolio and substantial global presence.

XX

XX

XX

XX XX

XX XX

XX

XX

XX

XX

XX

XXXX

XX

XX

XX

U.S.

Germany

Japan

U.K.

France

China

Italy

Canada

Spain

S. Korea

Russia

Australia

KSA

India

Brazil

Others

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Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Figure 4.10

CCI Index by Company, 2015

BIS Research Analysis

4.4 Growth-Share Matrix

Smith & Nephew held a leading position in the global advanced wound dressing market, accounting for a share of

XX% in 2015. It was followed by Molnlycke Healthcare, accounting for XX% share of the market in 2015. Other

major players included ConvaTec. (XX%), 3M Healthcare (XX%), Heartmann Paul (XX%), Coloplast (XX%), and

BSN Medical (XX%).

Acelity

Smith & Nephew

Molnlycke

ConvaTec3M

P. Hartmann

Organogenesis

BSN MedicalColoplast

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(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Figure 4.12

Advanced Wound Dressing Growth Share Matrix, 2016

BIS Research Analysis

In the NPWT segment, Acelity held the top position with XX% market share in 2015. It was followed by Smith &

Nephew, accounting for XX% share of the market in 2015. Other major players included Medela, Molnlycke

Healthcare, CovaTec, and Spiracur.

S&N, XX

Molnlycke, XX

ConvaTec, XX

3M, XX

Hertmann, XX

Acelity, XX

Coloplast, XX

BSN, XX

Medline, XX

Derma Sciences, XX

Others, XX

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Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Smith & Nephew held a leading position in the global advanced wound dressing market, accounting for a share of

XX% in 2015. It was followed by organogenesis, accounting for XX% share of the market in 2015. Other major

players included Acelity (XX%), Integra LifeScience (XX%), Mimedx (XX%), Osiris (XX%), and Molnlycke Healthcare

(XX%).

Figure 4.15

Wound Care Biologics Growth Share Matrix, 2015

BIS Research Analysis

S&N, XX

Organogenesis, XX

Integra, XX

Mimedx, XX

Derma Sci., XX

Cytori, XX

BioDlogics, XX

Molnlycke, XX

Osiris, XX

Acelity, XX

Others, XX

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Ultrasonic Devices, and Electromagnetic Devices)

4.5 Opportunity Matrix Analysis

Asia Pacific, has been identified as the most prospective market (on a scale of 0 to 10) for growth of advanced

wound care during the forecast period due to the following factors:

Presence of large patient population and unmet medical needs coupled with growing patient awareness for

advance wound management products provide huge growth opportunities for advanced wound dressings market in

this region

Rapidly growing geriatric population in countries such as Japan, India and China will also help the region to

maintain its position as the most prospective regional market during the forecast period, owing to the increased

incidence of chronic wounds and diseases

Increasing incidence rates of chronic medical conditions such as diabetes, cancer and AIDS would fuel the

demand for advanced wound dressings in this region; alternatively, which would help the region to maintain its

position as the most significant market in the near future

Economic development in emerging economies such as India, Hong Kong, China and Singapore along with

improving healthcare expenditure will also help the region to retain its position as the most lucrative market, owing

to their rising disposable incomes

Figure 4.17

Advanced Wound Care Opportunity Matrix, by Region, 2015

BIS Research Analysis

Gro

wth

Rate

(%

)

Market Opportunity Index

North

America

Europe

Asia Pacific

RoW

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Ultrasonic Devices, and Electromagnetic Devices)

Figure 4.18

Advanced Wound Care Growth-Share Matrix, by Country, 2015

BIS Research Analysis

Figure 4.19

Advanced Wound Care Growth-Share Matrix, by Country, 2022

BIS Research Analysis

U.S.

Germany

Japan

U.K.

France

China

Italy

Canada

Spain

Korea

Australia

India

Brazil

U.S.

Germany

Japan

U.K.

France

China

Italy

Canada

Spain

Korea

Australia

India

Brazil

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Global Advanced Wound Care Market - Analysis and Forecast (2016-2022)

(Focus on Advanced Wound Care Dressings, NPWT Devices, Wound Care Biologics, HBOT Devices,

Ultrasonic Devices, and Electromagnetic Devices)

Table 5.1

Global Advanced Wound Care Market

Product 2015E 2016F 2017F 2018F 2019F 2020F 2021F 2022F

CAGR

(2016-

2022)

Advanced

Dressings XX XX XX XX XX XX XX XX XX

NPWT XX XX XX XX XX XX XX XXX XX

Biologics XX XX XX XX XX XX XX XX XX

Others XX XX XX XX XX XX XX XX XX

Total XX XX XX XX XX XX XX XX XX

BIS Research Analysis

The global advanced wound care market, by products, was valued to be $XX million in 2015 and is estimated to

reach a market value of $XX million by 2022 at a CAGR of XX% from 2016 to 2022. Despite the tight competition

in the advanced wound care market and the rising demand by the government to reduce spending on healthcare,

the future growth is expected to be driven by favorable demographic factors such as growing aging population and

rising incidences of chronic wounds. Growth is particularly expected in Brazil, China, India, and other emerging

countries where the market penetration of advanced wound care products, and especially biologics, is just a fraction

of the market penetration in the U.S.

The advanced wound care biologics market is currently witnessing highest growth so far, owing to the highly

competitive environment, favorable reimbursement scenario, and growing demand for bioengineered tissue grafts.

This segment is also characterized by more levels of innovation than any other segment of the advanced wound

care market, though this is the smallest segment and market entry is very restricted owing to stringent government

regulations.

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Ultrasonic Devices, and Electromagnetic Devices)

5.2 Advanced Wound Dressing

The medical relevance of wound care management was recognized by the U.S. Department of Defense, particularly

in war scenarios without medical assistance. Advanced wound dressings were developed keeping in mind the basic

principles of wound care management. These include innovative designs in wound closure, providing basic wound

care environment and controlling microorganism population within the wound effectively. Films, foams,

hydrocolloids, hydrogels, collagen, hydrofiber, and alginates are some of the well-known commercial forms of the

advanced wound dressing. The advanced wound care market has grown significantly in the past two decades in the

developed nations of the west i.e., North America and Europe. Moreover, it is also gaining immense popularity in

the major developing nations in Asia Pacific as well.

Table 5.2

Global Advanced Wound Care Dressing Market, by Product

Product 2015E 2016F 2017F 2018F 2019F 2020F 2021F 2022F

CAGR

(2016-

2022)

Films XX XX XX XX XX XX XX XX XX

Foams XX XX XX XX XX XX XX XX XX

Hydrofiber XX XX XX XX XX XX XX XX XX

Hydrocolloids XX XX XX XX XX XX XX XX XX

Hydrogels XX XX XX XX XX XX XX XX XX

Collagen XX XX XX XX XX XX XX XX XX

Alginates XX XX XX XX XX XX XX XX XX

Antimicrobial

Dressing XX XX XX XX XX XX XX XX XX

Total XX XX XX XX XX XX XX XX XX

BIS Research Analysis

The global advanced wound dressings market was valued at $XX million in 2015. It is expected to grow at a CAGR

of XX% during the forecast period (2014-2020) to reach $XX million in 2022.

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Ultrasonic Devices, and Electromagnetic Devices)

Figure 5.3

Global Foam Advanced Wound Dressing Market ($Million), 2015-2022

BIS Research Analysis

The foam-based advanced wound dressings segment was valued at $XX million in 2015. It is expected to grow at

a CAGR of XX% during the forecast period (2016-2022) to reach $XX million in 2022.

Foam dressings have been constantly growing in terms of popularity since their inception in the 1970s. In 2015,

sales of foam dressings grew at XX% rates owing to increased product awareness among patients, physicians, and

nurses regarding the benefits of foam dressings over traditional dressings. The adoption of foam dressings is

anticipated to rise regardless of their higher costs owing to ease of application and their flexibility in maintaining a

moist atmosphere for a diverse range of wound types.

Prominent players in the foam wound dressing segment include 3M Company, Smith & Nephew plc, ConvaTec, Inc.

Acelity, Molnlycke Healthcare, Medline Industries, Hollister, Hartmann Paul, Derma Sciences, and Coloplast among

the others. In 2015, 3M Healthcare was the leading player in the foam dressings market. The company held the

substantial share in the global foam dressings, hydrocolloid and film dressings segments. The company’s Tegaderm

brand has a strong brand recognition amongst consumers and is available in all advanced dressing product

categories. The second prominent player in 2015 in the foam dressings market was Smith & Nephew. Smith &

Nephew has product line-up in all wound dressings market segments. The company’s ALLEVYN product line

accomplished particularly well in the growing foam segment. It was also strong in the hydrocolloid and hydrogel

XX XX X

X

XX

XX X

X XX

XX

XX XX

XXXX

XXXX

XX

XX

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

950.0

1,000.0

1,050.0

1,100.0

1,150.0

1,200.0

1,250.0

1,300.0

1,350.0

2015 E 2016 F 2017 F 2018 F 2019 F 2020 F 2021 F 2022 F

Market Size Y-0-Y Growth

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Ultrasonic Devices, and Electromagnetic Devices)

NPWT system has a life of seven days and the dressing kit also has a wear time of seven days, depending on the

type of wound exudation. Single-use NPWT systems are designed to deliver suction pressure of 80 to 125 mmHg.

However, these systems do not contain bulky canisters which make the device more accessible and simplified for

the patients.

In early 2014, the Centers for Medicare and Medicaid Services (CMS) revised the reimbursement rules for single

use NPWT systems. According to the new rules, CMS increased the mean reimbursement amount for single use

NPWT systems from $XX to $XX. This increase in reimbursement applies to the HCPCS G-codes (G0456 and G0457)

and Ambulatory Payment Classification 0016. These new rules have been effective from January 1, 2014.

Figure 5.11

Global Single-Use NPWT Market ($Million), 2015-2022

BIS Research Analysis

The single-use NPWT systems market was valued at $XX million in 2015 and is estimated to reach $XX million by

2022 at a CAGR of XX% from 2016 to 2022, owing to the insurgence of many new single use NPWT systems such

as SNaP (Spiracur, Inc.) and PICO (Smith & Nephew ) in the global NPWT market. The other factors contributing to

the growth of the single-use NPWT system market is the increase in incidence rate of non-healing

XX X

X XX X

X

XX X

X

XX

XX

XX

XXXX

XX

XX

XXXX

XX

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

-

50.0

100.0

150.0

200.0

2015 E 2016 F 2017 F 2018 F 2019 F 2020 F 2021 F 2022 F

Market Size Y-o-Y Growth

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Ultrasonic Devices, and Electromagnetic Devices)

The skin/dermal substitutes encompasses an array of biological products including biological skin substitutes

(allograft and xenograft), amniotic and placenta tissues, synthetic skin and bioengineered skin substitutes. Biological

skin substitutes act as a natural skin and have the benefits of being comparatively abundant in supply chain and

not very expensive. Although the most of the synthetic or bioengineered skin substitutes can be synthesized and

modified for any precise requirement with improved control over alignment and composition, the biological skin

substitutes (allograft and xenograft) have a more intact and native extracellular matrix structure which allow the

development of a more natural new dermis. They also allow exceptional re-epithelialisation features due to the

presence of a basement membrane. However, natural constructs can exhibit problems with slow vascularisation of

the material. The most extensively used skin/dermal substitute globally are bioengineered skin, synthetic

substitutes, porcine skin xenograft and amniotic membrane.

Table 5.12

Global Skin/Dermal Substitutes Market, by Product

Product 2015E 2016F 2017F 2018F 2019F 2020F 2021F 2022F

CAGR

(2016-

2022)

Allograft XX XX XX XX XX XX XX XX XX

Xenograft XX XX XX XX XX XX XX XX XX

Placenta/Amniotic

Tissue XX XX XX XX XX XX XX XX XX

Bioengineered

skin/synthetic

Substitutes

XX XX XX XX XX XX XX XX XX

Total XX XX XX XX XX XX XX XX XX

BIS Research Analysis

The skin/dermal substitute market was valued at $XX million in 2015 and is estimated to reach $XX million by 2022

at a CAGR of XX% from 2016 to 2022. The skin and dermal substitutes have caused a paradigm shift in wound care

therapies. Scientific advances and discoveries have allowed the shift from traditional methods that treat the

symptoms of the disease to a focus on improving the primary causes of the disease. Some of the key factors driving

skin and dermal substitute market include the increasing ageing population which is putting a strain on the global

healthcare industry; increase in chronic diseases like neurodegenerative disorders, diabetes, and obesity; change

in reimbursement policies; and the increasing private insurance coverage, which is willing to pay for these new

treatments.

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Ultrasonic Devices, and Electromagnetic Devices)

6 Global Advanced Wound Care Market by Wound Type, 2016-2022

6.1 Overview

Wound management is a colossal market that accounts for a significant share of medical expenses in any country.

Owing to its broad extent, many healthcare experts considers it to be an umbrella category that includes any

therapeutic technique, product services, from basic cotton gauze to complex collagen-based dressings, that helps

one recover from wounds on the body. However, in general, wound care is largely divided into two distinct types

namely; traditional and advanced. Each category has different products developed to improve the healing process

precise to certain types of wounds.

Advanced wound care products for the wound management are usually recommended by physicians after a visit to

the clinic or hospital. This class generally includes film and foam dressings, hydrogels, alginates and hydrocolloids.

Such products are mostly focused on keeping the wound moist to boost healing process, following the philosophy

that a moist microenvironment promotes the natural healing process (human cells require water to live and grow)

without occluding the wound.

The science of wound care is evolving swiftly, predominantly as a result of new healing approaches such as skin

substitutes, growth factors, advanced dressing and stem cell therapy. Over the past two decades, numerous

advanced wound care products have been established for their capability to accelerate the healing of acute and

chronic wounds. A chronic wound is defined as one that is physio-chemically compromised due to a disturbance of

the wound healing cycle as a consequence of diminished angiogenesis, cellular intervention, innervation, among

other causes. The most common chronic wounds comprise non-healing wounds, contaminated or infected surgical

wounds, pressure ulcers, diabetic foot ulcers, venous leg ulcers, and ischemic ulcers. Unlike chronic wounds, acute

wound is an injury to the skin or deeper tissues that occur suddenly rather than over a course of time. It heals at

an anticipated and predicted rate according to the usual wound healing process. Acute wounds can occur anywhere

on the body and range from small superficial injuries to deep tissue cuts damaging blood vessels, nerves, and

muscles.

The advanced wound care market earned revenues of $ XX million in 2015 and estimates this to reach $XX million

in 2022 owing to increasing awareness among physicians and other healthcare experts on the benefits of advanced

wound care products that allow quicker healing than traditional products. In addition, a burgeoning population,

greater awareness among patients, rapid rise in lifestyle diseases and the related risk of chronic wounds, and higher

buying power will further push the market.

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Ultrasonic Devices, and Electromagnetic Devices)

Table 6.2

Global Advanced Wound Care Market, by Wound Types

Wound Type 2015E 2016F 2017F 20118F 2019F 2020F 2021F 2022F

CAGR

(2016-

2022)

Chronic XX XX XX XX XX XX XX XX XX

Acute XX XX XX XX XX XX XX XX XX

Total XX XX XX XX XX XX XX XX XX

BIS Research Analysis

The U.S. and EU-5 countries currently represent the two largest markets in the world and principally driven by a

growing elderly population, increasing demand and broader acknowledgement and acceptance of advanced wound

care products. Major players in the advanced wound care space include 3M Health Care, Smith & Nephew, Mölnlycke

healthcare, Coloplast, Medline Industries, Acelity, Inc., and ConvaTec. Emerging companies, such as Systagenix

(now part of Acelity), Derma Sciences, MiMedex and Urgo, also play an important role in developing unique brands

and technologies.

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Ultrasonic Devices, and Electromagnetic Devices)

6.2 Chronic Wounds

Chronic wounds result in substantial functional deficiency, the decline in quality of life, and huge financial burden

for patients and the health care system. Yet the underline clinical profile of chronic wounds hasn’t been well

established and explored. This interrupt precise assessment of the global wound care burden and so the information

that could improve the distribution of precious healthcare resources towards prevention and management of this

global problem.

Chronic wounds usually take months or years to fully recover, or may never improve. Chronic wounds adversely

disturb the patient quality of life and are a prominent cause of escalating healthcare expenditure. Spending on

chronic wound care is significant for healthcare providers around the globe. In the U.K for example the total annual

cost of wound management has been reported to be as high as $XX billion. In the U.S. wound care costs the

healthcare system more than $XX billion each year including more than $XX billion on advanced wound care

products.

One of the cardinal drivers for chronic wound care is the growing geriatric population across the globe. Chronic

diseases, such as metabolic syndromes, cardiovascular conditions, and autoimmune syndromes influence the

healing process as a result of their effect on a number of cellular functions. Ailments that cause the most significant

wound problems include diabetes, arteriosclerosis, chronic obstructive pulmonary disease (COPD), angiogenesis,

peripheral vascular disease (PVD), cardiovascular disorders, and any conditions leading to hypotension,

hypovolemia, edema, and anaemia.

Table 6.3

Global Chronic Wound Care Market

Wound Type 2015E 2016F 2017F 20118F 2019F 2020F 2021F 2022F

CAGR

(2016-

2022)

Pressure Ulcer XX XX XX XX XX XX XX XX XX

Venous Leg Ulcer XX XX XX XX XX XX XX XX XX

Diabetic Foot Ulcer XX XX XXX XX XX XX XX XX XX

Other XX XX XX XX XX XX XX XX XX

Total XX XX XX XX XX XX XX XX XX

BIS Research Analysis

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Ultrasonic Devices, and Electromagnetic Devices)

estimated to be XX% in the nursing home setting and XX% in the hospital setting. The prevalence in the U.K. is 1

to 3 per 1,000. Venous leg ulcer increases with age and reaches 16 to 18 per 1,000 in the 75+ age group. There is

no socioeconomic predilection but ulcers take longer to heal in lower socioeconomic groups.

Table 6.5

Global Venous Leg Ulcer Statistics

Country % of Population With

VLU 2015 VLU Population 2015

VLU Population

2018

VLU Population

2020

U.S. XX XX XX XX

U.K. XX XX XX XX

Germany XX XX XX XX

France XX XX XX XX

Italy XX XX XX XX

Spain XX XX XX XX

Netherlands XX XX XX XX

Belgium XX XX XX XX

Switzerland XX XX XX XX

Canada XX XX XX XX

Mexico XX XX XX XX

Brazil XX XX XX XX

India XX XX XX XX

China XX XX XX XX

Japan XX XX XX XX

S. Korea XX XX XX XX

Australia XX XX XX XX

NZ XX XX XX XX

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Ultrasonic Devices, and Electromagnetic Devices)

Country % of Population With

VLU 2015 VLU Population 2015

VLU Population

2018

VLU Population

2020

Saudi

Arabia

XX XX XX XX

U.A.E XX XX XX XX

Russia XX XX XX XX

BIS Research Analysis

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Ultrasonic Devices, and Electromagnetic Devices)

7 Global Advanced Wound Care Market by Geography, 2016-2022

7.1 Overview

The chapter focuses on over four major regions - North America, Europe, Asia Pacific and the RoW with respect to

the usage of advanced products such as a wound care therapy. The wound dressings market is highly diverse and

largely dependent upon the country and its geographic location with respect to the region it lies in. The diversity of

the wound dressings market is largely due to the varied infrastructure, health care systems, social acceptability

(culture, traditions, etc.), affordability and availability. Wounds are among the most common ailments besides

cold/fever for a physician visit. In most parts of the world, this has been addressed using traditional wound

dressings. However, rise in bedridden geriatric population has triggered the demand for advanced wound care

globally. The North American market is expected to retain its dominant position globally owing to a high incidence

rate of diabetic foot ulcer cases. Moreover, other regions such as South-East Asia are also expected to be a lucrative

market due to the high incidence of severe burn related wounds in such regions.

Figure 7.1

Global Acute Advanced Wound Care Market ($Million), 2015-2022

BIS Research Analysis

Country Market Size CAGR Growth

XX%

XX%

XX%

XX%

XX%

$XX Million

$XX Million

$XX Million

$XX Million

$XX Million

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Ultrasonic Devices, and Electromagnetic Devices)

Figure 7.2

Global Advanced Wound Care Market 2015

BIS Research Analysis

The global advanced wound care market is forecast to grow, from $XX million in 2015 to $XX million by 2022, at a

CAGR of XX%. As the global economic power shifts away from established developed economies in North America,

Europe and Asia (Japan), the advanced wound care market is expected to witness immense growth in developing

countries such as China and India. China has already overtaken developed European wound care markets including

Italy in 2015 to become the 6th largest single market for advanced wound care product. However, the recent

experience in economic slowdown has reemphasised that a comparatively rapid growth is not anticipated for all

developing countries, as directed by current economic problems in Russia and Brazil. It requires persistent and

operational investment in healthcare infrastructure and improving political, economic, and legal healthcare

framework. It also requires openness to the free flow of advanced technology and innovation that are key drivers

of the wound care market growth.

$3,503.7 Million

7.9%

$3,503.7 Million

3.3%

EUROPE

ASIA-PACIFIC

$3,503.7 Million

8.4%

$3,503.7 Million

4.4%

NORTH AMERICA

Market

CAGR %

RoW

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Ultrasonic Devices, and Electromagnetic Devices)

As the advanced wound care market enters 2017, the U.S. remains the world leader by market size, with total

revenue of around $XX million, approximately one-third of the $XX million global pie. As of October 2014, U.S.

companies held two of the top five standings for wound care companies with the most revenue and represented

more than XX% of the global market. An aging population, growing prevalence of chronic wounds, and increased

accessibility of healthcare as a result of the Affordable Care Act (ACA) will continue to keep the U.S. well positioned

in the global advanced wound care market. The U.S. wound modalities devices export grew at a CAGR of XX% from

2010 to 2015 and are anticipated to grow at an extensive rate in the future.

Figure 7.5

U.S. Advanced Wound Care Market ($Million), 2015-2022

BIS Research Analysis

However, the U.S. advanced wound care market also faces multidimensional challenges such as stringent regulatory

and economical requirements that are hampering its growth. In the last 3 years, the energetic pace of the growth

of the U.S. advanced wound care market has slackened. As a consequence, the U.S. advanced wound care market

is expected to expand by only XX% to XX%, which is considerably down from its XX% to XX% growth rate, a decade

ago. To improve its forecasts, the industry will need to exploit on its strong point, overcome its weaknesses, grab

opportunities for growth, and address threats that could obstruct its progress.

XX X

X XX X

X XX

XX

XX

XX

XX

XXXX

XXXX

XXXX

XX

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

-

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

4,000.0

4,500.0

2015 E 2016 F 2017 F 2018 F 2019 F 2020 F 2021 F 2022 F

Market Size Y-o-Y Growth

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Ultrasonic Devices, and Electromagnetic Devices)

In the Asia Pacific region, advanced wound dressing products are gaining importance over traditional products owing

to the trend shift toward home care and the growing need to discharge patients early from hospitals. In addition,

the wound dressings market in China is undergoing rapid development. Advanced wound dressing products are

imperative for treatment of chronic wounds such as diabetes, pressure ulcer, and venous leg ulcers. According to

the Chinese Medical Association Diabetes Society in 2010, there were approximately 95 million cases of diabetes

mellitus in China and the number is expected to reach up to 117 million by 2020. This rise in the diabetic population

would further lead to diabetic ulcers, boosting the demand for advanced wound dressing products such as alginates,

hydrogels and hydrocolloids. Owing to robust support from the Chinese government, international firms such as

Smith & Nephew plc, Kinetic Concepts, Inc. and Johnson & Johnson Inc. have established their offices in China.

Also, rising disposable incomes is expected to pump the growth of the advanced wound dressings market in the

near future.

Table 7.6

Asia Pacific Advanced Wound Care Market, by Product

Product 2015E 2016F 2017F 20118F 2019F 2020F 2021F 2022F

CAGR

(2016-

2022)

Advanced

Dressing XX XX XX XX XX XX XX XX XX

NPWT XX XX XX XX XX XX XX XX XX

Biologics XX XX XX XX XX XX XX XX XX

Others XX XX XX XX XX XX XX XX XX

Total XX XX XX XX XX XX XX XX XX

BIS Research Analysis

Some of the primary factors contributing to the growth of the wound care market in this region are increased

incidence of chronic wounds such as venous ulcers, diabetic foot ulcers and severe burn injuries. In addition, factors

such as rising elderly population and improved economic growth are expected to drive the growth of the NPWT

market in the Asia Pacific region. However, other factors such as disinclination in commercialization of advanced

technologies and increased demand for elective surgeries are hampering the overall growth of the market.

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Ultrasonic Devices, and Electromagnetic Devices)

8 Company Profiles

8.1 3M Healthcare

8.1.1 Overview

Particular Specifications (as of 2016)

Website www.solutions.3m.com

Contact Details

3M Center

St. Paul, Minnesota 55144-1000

United States

Tel: +1 8883643577

Year of Establishment 1969

Ownership Type Public

Company Type medical care, oral care, and drug delivery products

Number of Employees ~89,446 (as of December, 2015)

Net Revenue $XX Million (Healthcare, 2015)

Competitors Covidien plc, Johnson & Johnson, Acelity, Smith & Nephew Plc,

Medline Industries, Coloplast A/S, and ConvaTec among the others

Subsidiaries 3M Health Care Limited operates as a subsidiary of 3M Company

Related Products & Services Barriers, Creams & Lotions, Compression Therapy, Supportive

Foam Padding, Wound Care Dressings, etc.

Other Products & Services

Food Safety & Microbiology, Hand Hygiene, Health Information

Systems, Medical Device & Optical Components, Patient

Monitoring, Sterilization Monitoring, Surgical Solutions, Tapes &

Adhesives

3M Website, 3M Annual Report, BIS Research Analysis

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Ultrasonic Devices, and Electromagnetic Devices)

8.1.2 Financials

The following is the 3M overall financials and net revenue by the business segments (2013-2015):

Overall Financials

The following shows the overall financials from the year December (2013-2015):

Figure 8.1

3M: Overall Financials ($Million), 2013-2015

3M Website, 3M annual report, BIS Research Analysis

XX XX

XX

XX XXXX

XX XX XX

XXXX XX

2013 2014 2015

Revenue Total Operating Expenses Operating Income Net Income

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Ultrasonic Devices, and Electromagnetic Devices)

Net Revenue by Business Segment

The following shows net revenue earned by its different business segments from December (2013-2015)

Figure 8.2

3M: Net Revenue by Business Segment ($Million), 2013-2015

3M website, 3M annual report, BIS Research Analysis

2013 2014 2015

XX X

X

XX

XX

XX

XX

XX

XX

XX

XX

XX XX

XX XX XX

Industrial Safety and Graphics Health Care

Electronics and Energy Consumer

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Ultrasonic Devices, and Electromagnetic Devices)

Revenue across Different Geographies

The following shows the revenue earned across different geographies from December (2013-2015):

Figure 8.3

3M: Revenue across Different Geographies ($Million), 2013-2015

3M website, 3M annual report, BIS Research Analysis

8.1.2.1 F inanc ia l Summary

3M’s total revenue was $XX million in 2015, a decrease of XX% from $XX million in 2014. This includes the impact

of the stronger U.S. dollar, which reduced sales by approximately XX%. The company’s net operating income was

$XX million in 2015, compared to $XX million in 2014. The decrease in net income was attributed to a higher

pension/post-retirement benefit and raw material costs. However, Selling, General and Administrative expenses

(SG&A) decreased $XX million, or XX%, in 2015 when compared to 2014.

From the 3M business segment perspective, organic local currency sales increased XX% in health care, XX% in

consumer, XX% in safety and graphics, and XX% in industrial, while sales dropped XX% in electronics and energy.

Geographically, 2015 organic local-currency sales grew XX% in the United States, XX% in Latin America/Canada,

XX% in Asia Pacific, and XX% in Europe Middle East and Africa (EMEA).

2013 2014 2015

XX

XX XX

XX X

X

XX

XX XX

XX

XX

XX

XX

United States Asia Pacific Europe, Middle East and Africa Latin America and Canada

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Ultrasonic Devices, and Electromagnetic Devices)

3M Health Care’s revenue was $XX billion in 2015, a decrease of XX % from the previous year owing to declined

sales of drug delivery systems. However, Health Care sales grew by 8% in developing markets of Asia Pacific such

as China, India and other South Eastern Asian countries.

8.1.3 SWOT Analysis

Figure 8.4

3M: SWOT Analysis

3M website, BIS Research Analysis

S

W

O

T

STRENGTHS

WEAKNESSES

OPPORTUNITIES

THREATS

• Low inventory turnover which impacts inventories and margins

• Sample

• Sample

• Sample

• Acquisitions in key operating areas

• Sample

• Sample

• Sample

• Diversified businesses - Industrial and transportation, healthcare, display and

graphics, consumer and office, safety, security and protection services, and

electro and communications

• Sample

• Sample

• Rising commodity and energy prices

• Sample

• Sample

• Sample

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Ultrasonic Devices, and Electromagnetic Devices)

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