3M Company (3M) is expected to become a leading provider of negative pressure wound therapy (NPWT) products following its announcement on 2 May of plans to acquire Acelity L.P. Inc. (Acelity) for $6.7 billion.

The deal is expected to supplement 3M’s strategy for advanced wound care solutions and accelerate the penetration of NPWT products internationally.

3M vacuum dressing products

NPWT, also referred to as topical negative pressure therapy, or vacuum-assisted wound closure, is an advanced wound management technology that is being used in the treatment of both acute and chronic wounds. The treatment uses a vacuum suction device coupled with a wound dressing to promote wound healing and closure, as well as draw bacteria and foreign debris from the wound. As education among physicians increases and more robust clinical data becomes available, the outlook for the NPWT market will continue to improve. Additionally, there is room for further product improvement in the market with next-generation cost-effective devices and accessories.

The global NPWT market, which GlobalData valued at $911.1 million in 2018, is expanding at a compound annual growth rate (CAGR) of 3.3% and is forecast to reach $1.1 billion in 2025. Acelity dominated the NPWT market by offering a diverse NPWT product line, from stand-alone devices to disposable or single-use devices.

Other major players in the field include Smith & Nephew Plc, Molnlycke Health Care AB, Convatec, and Paul Hartmann AG. Acelity’s acquisition by 3M will further enhance the market-leading position of its V.A.C. brands.

Acelity’s NPWT products have generated the majority of their revenue in North America. As the cost of NPWT products is reduced with the development of lower-profile and disposable devices, the adoption of NPWT devices in emerging markets is expected to increase dramatically. Additionally, because 3M markets its products globally through wholesalers, retailers, distributors, dealers, and directly to users, GlobalData expects its strong sales force in developing economies to boost its share of the promising NPWT market to new heights.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData