Smith and Nephew plc (UK) and MiMedx Group plc (US) are Leading Players in the Biofilms Treatment Market
The biofilms treatment market is projected to reach USD 2.4 billion by 2025 from USD 1.6 billion in 2020, at a CAGR of 7.9%. The growth of this market is largely driven by the rising prevalence of chronic, surgical, and traumatic wounds and the increasing incidence of burn injuries. However, the high cost and low adoption rate of advanced wound care products are expected to limit the growth of this market to a certain extent.
The biofilms treatment market is consolidated in nature. Prominent players operating in this market include Smith & Nephew (UK), MiMedx Group Inc. (US), ConvaTec Group plc (UK), Coloplast A/S (Denmark), Mölnlycke Healthcare AB (Sweden), Organogenesis Holdings Inc. (US), Integra LifeSciences Holdings Corporation (US), B. Braun Melsungen AG (Germany), PAUL HARTMANN AG (Germany), and Medline Industries Inc. (US).
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Smith and Nephew plc (UK) held the leading position in the biofilms treatment market in 2018. The company focuses on product launches and acquisitions to further increase its share in the market. Smith and Nephew is a pioneer in advanced wound care and has been in the market for more than 15 years. This provides it with a competitive edge over other market players.
MiMedx Group plc (US) held the second position in the global biofilms treatment market in 2018. Its well-established product portfolio has helped it to maintain its leading position in the biofilms treatment market. The company focuses on organic growth strategies such as product launches to further expand its consumer base.
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