Top 5 Leading Companies in the Market for Medical Clothing | Fortune Business Insights
Medical clothing has radically advanced since the coronavirus pandemic. Our perception of hygiene has evolved, and new standards of cleanliness and quality have been established. The manufacturers of medical clothing are incorporating materials that provide superior hygiene and security from germs. Protective medical garments, such as coats, scrub shirts & pants, and others, are being developed to withstand any external harm and protect the skin from any infiltration. Top players adopt premium materials and launch medical garments with protective inner lining.
The coronavirus pandemic has opened a myriad of growth opportunities for industry players. The exponentially surging importance of hygiene and safety has accelerated the demand for protective clothing. Rising investments in the healthcare sector and the growing awareness of medical apparel intensify the competition between the manufacturers. As per Fortune Business InsightsTM, the global medical clothing market size is projected to hit USD 140.64 billion by 2028. Factors, such as the rising prevalence of zoonotic diseases, surging research and development in protective clothing, and increasing pandemic outbreaks, including Swine Flu, SARS, COVID-19, and others, are expected to strengthen the demand for medical clothing in the coming years.
Fortune Business Insights Identifies the Following as the Top 5 Leading Medical Clothing Companies:
- Cardinal Health Inc.
Founded in 1971, Cardinal Health Inc. has its headquarters located in Dublin, Ohio, U.S., and is the 14th highest revenue-making company in the U.S. It provides medical products to more than 75% of hospitals in the U.S. The company manufactures and distributes surgical and medical products, including fluid management products, surgical apparel, and gloves. It reported annual revenue of USD 42.6 billion in the fourth quarter of the fiscal year 2021. In November 2021, Cardinal Health announced a collaboration with Zipline to provide on-demand autonomous aircraft deliveries to pharmacies. Zipline is a global pioneer in instant logistics.
- Halyard Health
Formerly known as Kimberly-Clarke Health Care and now a part of Owens & Minor, the company was established in 2014 and has headquarters located in Alpharetta, Georgia, U.S. Halyard Health is a leading provider of protective apparel, facial protection, gowns, sterilization wraps, gloves, and surgical drapes in over 100 countries. It reported a peak revenue of USD 1.6 billion in 2021.
- Barco Uniforms
Founded in 1929, this privately-held company has its headquarters located in Los Angeles, California, U.S. The company specializes in a myriad of products, including medical clothing, medical supplies, food service uniforms, healthcare uniforms, lab coats, and others that are sustainable and eco-friendly. It reported a peak revenue of USD 30.5 million in 2021.
- 3M Company
With its headquarters in Saint Paul, Minnesota, U.S., 3M Company was founded in June 1902. This American multinational conglomerate corporation operates in consumer goods, healthcare, and worker safety. It manufactures more than 60,000 products, including orthodontic and dental products, car-care products, medical products, electronic insulating and connecting materials, abrasives, adhesives, personal protective equipment, paint protection films, laminates, healthcare software, and others. It recently bought Acelity and its KCI subsidiaries in October 2019 for USD 6.7 billion. 3M reported a revenue of USD 35.4 billion, registering a noteworthy year-on-year increase in sales by 9.9%.
- Ansell Healthcare LLC
Incorporated in 1981, Ansell Healthcare has its headquarters located in Melbourne, Australia. The company is a pioneer in designing, developing, and manufacturing healthcare products. It sells surgical gloves, exam gloves mats, bags, protection suits, and other products. In January 2021, it announced the acquisition of Primus brand and associated assets that comprise the Life Science business. The company also formed a long-term partnership with Primus. It aims to amplify its presence through this expansion strategy globally. It reported annual sales of USD 2,027 million in FY 2021. The top manufacturers of medical clothing are resorting to aggressive pricing, product upgrades, and product differentiations to gain a competitive edge. They are adopting various strategies, including acquisitions, distribution partnerships, and others, thereby amplifying their global and regional footprint. They conduct extensive research & development activities and introduce high-value products across the healthcare sector. These factors are likely to surge the demand for such clothing in the forthcoming years.