Mölnlycke Health Care AB

Mölnlycke Health Care AB Overview

Company Headquarters: Sweden

Founded: 1849

Workforce: 7,760

Company Working: Mölnlycke Health Care AB develops and manufactures single-use surgical and wound care products for customers, healthcare professionals, and patients internationally. It offers wound care systems, antiseptics, customized procedure trays, dermatology/scar treatment products, dental/stoma/tracheostomy, support/compression products, surgical drapes, surgical gloves, surgical staff clothing, wound care dressings, and wound care supplementary products for angiographic procedures, cardiovascular surgery, ear, nose and throat (ENT) surgery, and others.

Strategy

Mölnlycke Health Care AB focuses on the launch of new products in the wound care and surgical solutions segment. The strategic collaborations to improve wound imaging will help improve outcomes for customers. The strategy of developing new supply chain solutions that improve efficiency and reduce costs for customers is employed to gain new customers.

Company Snapshot

$1,543M

Revenue

7,760

Employees

1849

Founded

Sweden

Headquarters

SWOT Analysis

Strengths

Innovative product launch
Wound imaging technology
Unique set of offerings for customers
Strong global presence
Well developed distribution channel

Weaknesses

Weaker sales in Western Europe
Rely on limited business segments
Low presence in emerging markets

Opportunities

Launching more products in the advanced wound care therapy devices market
Strategic collaborations
Mergers with pharmaceutical companies to increase its presence in potential markets
Growing innovation in the pharmaceutical industry

Threats

M&A by existing key players in the market
Product liability
Protection of intellectual property

Key Developments

Date	Approach	Development
July 2019	Partnership	Mölnlycke and Zuellig Pharma (Philippines), a leading healthcare service provider in Asia, strengthened partnership for advanced wound care solutions in South-East Asia. The partnership will leverage the deep expertise of both companies to improve the range and availability of wound care products and solutions across the region.
June 2019	Patent Acquisition	Mölnlycke acquired patent application for smart solutions to detect infection in wounds from Innovation Skåne (Sweden), which will help detect infections in wounds. Once developed, the patent is intended to play a major role in reducing the unnecessary use of antibiotics in wound care.
January 2019	Acquisition	Mölnlycke acquired M&J Airlaid Products A/S (Denmark) to strengthen its wound care capabilities further. M&J’s air-laid technology is critical, along with foams and soft silicone in Mölnlycke’s wound care products.
July 2018	Acquisition	Mölnlycke acquired a German wound care company, SastoMed GmbH. The deal adds new, award-winning products to Mölnlycke’s products offering, enabling it to further help healthcare professionals and patients by accelerating the wound healing process and treating chronic wounds.

Product Offering

Mölnlycke Health Care AB
- Chlorhexidine Gluconate (CHG) Cloth
- Advance Wound Care

Financial Performance

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