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SmartTRAK Life Sciences News and Analysis Blog

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Advanced Wound Care Posts Modest Gains Offset by China: Q120 Market Recap

6/22/20 11:22 AM

Q120 AWC Header-1In Q120, the US and EU AWC markets experienced modest gains, offset by ROW (China) hit early in the quarter with COVID-19.

For Q120, according to BioMedGPS’ SmartTRAK Financial Dashboard, WW Advanced Wound Care (AWC) revenues for Advanced Dressings, External Devices and Biologics was up +2.2% YoY. Many companies commented on the impact of COVID-19 on their business performance. Overall, the impact in Q120 was limited, as the pandemic hit in March in most countries, whereas Jan and Feb were more business as usual. All are expecting a more severe impact in Q220, and almost all companies have withdrawn their FY20 projections.

Among the many topics covered in the comprehensive Q120 Advanced Wound Care Market Recap* are:

  • Revenue & Shares of Adv. Dressings, External Devices and Biologics
  • COVID-19 Effect on Overall Market
  • Impact of COVID-19 Among Market Leaders
  • Wound Biologics – Mixed Results
  • NPWT – Single-use Devices Remain Strong
  • Advanced Dressings – Limited COVID-19 Impact
  • Constant and Reported Growth analysis for Key Companies

High exposure to China will have a greater impact in Q120 and a less severe impact is expected in Q220. The two leading examples are Smith & Nephew* (S+N) and Coloplast*. S+N saw their Advanced Wound Care segment, primarily dressings, decline -6.7%, largely impacted by restrictions in APAC. Coloplast, with China being its largest wound market, saw sales drop. Wounds are most often treated in hospitals in China and ...

Read the entire Q120 Advance Wound Care Market Recap including news, data, charts, company revenues and analysis*...

*The entire article and the links can only be viewed by SmartTRAK subscribers to this module. For more information on how to receive a demo and subscribe, please click the button below.

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Topics: Wound Care

Susan Paquette
Written by Susan Paquette

Susan Paquette, MS, MBA | Vice President and General Manager, Wound. 25+ years' experience in new business development, R&D, international and marketing. Director, New Business Development & Commercialization, 3M Health Care; Technical Director, 3M Medical.

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