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Mölnlycke Health Care AB

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Mölnlycke Health Care AB - Healthcare showcase

Year Founded & Workforce

1849

7,760 Employees

Industry

Healthcare

Services

Chlorhexidine Gluconate (CHG) ClothAdvance Wound Care
M

Mölnlycke Health Care AB Employee Contacts

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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

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Key Developments

DateApproachDevelopment
July 2019PartnershipMölnlycke 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 2019Patent AcquisitionMölnlycke 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 2019AcquisitionMölnlycke 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 2018AcquisitionMölnlycke 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

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Sales rose from USD 1,543 Mn in 2016 to USD 1,567 Mn in 2018.
Mölnlycke Health Care AB — By Business Segment
Series (USD Mn)201620172018
Global Sales1,5431,5581,567
R&D Expenditure37.944.441.7

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