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Due to the rise in the occurrence of acute injuries such as burns and cuts, first aid awareness continues to spread in developing countries. Governmental laws are becoming increasingly stringent regarding first aid training and delivery. This is leading to improvements in first aid facilities in workplaces, shopping malls, housing societies, and other such institutions. Non-adherent dressings are a critical part of first aid due to their ability to drain wounds while protecting fragile tissue and minimising any damage that may occur while removing or replacing wound dressings. This makes them ideal for first- and second-degree burns, as well as traumatic wounds, and is propelling the growth of the non-adherent dressings industry.
In October 2019, 3M Company (NYSE: MMM), one of the leading producers of non-adherent wound dressings, acquired Acelity for USD 6.7 billion. Acelity specialises in wound care and advanced wound dressings. This acquisition represents the increasing demand for wound care and further strengthens 3M’s role as a leader in advanced wound care. In April 2019, Smith & Nephew (LSE: SN, NYSE: SNN), a leader in wound care, acquired Osiris Therapeutics, Inc. for approximately USD 660 million. Osiris is a high-growth firm specialising in advanced wound care technologies. This acquisition underlines the increasing importance of wound dressings and is expected to drive growth in the global non-adherent dressings industry. Smith & Nephew also reported a healthy 14% annual growth in the Advanced Wound Management sector in 2019. Such developments are expected to positively influence the growth of the non-adherent dressings industry.
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The major players in the global non-adherent dressings market are 3M Company, Mölnlycke Health Care AB, Johnson & Johnson Services, Inc., B. Braun Melsungen AG, Medline Industries, Inc, Lohmann & Rauscher GmbH & Co. KG, and Smith & Nephew, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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