Smith & Nephew10th April 2006
Medical devices group Smith & Nephew is celebrating 150 years in business. Established in 1856 the group now employs 8,000 people and has operations in 33 countries with annual sales of £1.4 billion.
Half of sales are generated in the US, with 33% in Europe and 10% in the UK.
The company currently operates in three areas:
This division, which manufactures knee joints, braces and other supports, accounts for almost half the company's annual revenues and is currently growing at 17% pa, twice the rate of the other divisions.
With a 30% market share, this division supplies complete endoscopy suites as well as specialised monitoring and treatment products including high resolution cameras, repair kits, radiofrequency treatments and a unique procedure for varicose vein removal.
The division's advanced wound management products include hydrocellular and antimicrobial dressings and a specialised fluid jet instrument to remove contaminated, dead and decaying tissue from wounds. The company has around a 20% share of this market.
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