MedWatch

Coloplast's urology business takes growth leap after Covid-19 dive

Two years after Coloplast considered selling off its urology division, President and CFO at the company Anders Lonning-Skovgaard is happy they decided to keep and invest in the area, though the grounds for comparison this year were favorable.

Photo: Niels Hougaard/ERH

While Coloplast's business area Continence Care saw an organic growth of 5 percent in the financial year that just ended, where the Ostomy Care also grew with 6 percent, the medtech company's urology division skyrocketed with an organic growth of 19 percent in the same period, the company's states in its 2020/2021 financial full-year report. 

This comes just two years after Coloplast had its urology division analyzed, which was linked with a potential divestment of the unit, but after an "strategic evalution" it retained its place at the organization and investments were actually increased.

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