The Healthcare sector is one of the fastest growing industries in the world. From hospitals to research facilities, demand for healthcare services and products is at an all-time high. In the U.S., for example, the healthcare industry accounts for 18% of the nation’s GDP and continues to grow each year. To meet this growing demand, many companies have begun to specialize in Industrial Health care supplies. This subsector of the healthcare industry sells items such as scrubs, gloves, gowns, face masks, safety glasses, hand sanitizers and more directly to manufacturers that work in healthcare. As you probably know firsthand, these are common items found in most hospitals and clinics. These stocks might not be as well known as more traditional healthcare stocks like pharmaceutical companies and device makers, but they’re among the top industrial health care suppliers today:
What is driving demand for industrial health care supplies?
Industrial health care suppliers are seeing a significant boost in demand as many people around the world become more and more reliant on healthcare services. For example, an aging global population is expected to drive demand for healthcare services. Just in the U.S., the population of people 65 or older is expected to double from 50 million in 2010 to 100 million by 2050. Other trends driving industrial health care supplies include: – Rising Demand for Medical Treatment. As the global middle class continues to grow, more people will have access to better medical facilities. This in turn will lead to a growing demand for healthcare products as people seek out better treatment for chronic and acute illnesses. – Rising Demand for Affordable Healthcare. Rising healthcare costs have contributed to a greater demand for industrial health care supplies. In the U.S., for example, the average healthcare cost per person is expected to rise from $9,538 in 2016 to $11,438 in 2021. – Increasing Focus on Preventative Healthcare. Many healthcare experts are pushing for a greater focus on preventative healthcare services. As the population ages, people are increasingly looking for ways to stay healthy and avoid costly medical procedures.
Amer Group Inc. (AMGR)
Headquartered in New York, Amer Group is one of the top industrial health care suppliers in the U.S. and around the world. Amer Group distributes a range of products including gloves, Surgical Scrubs, bandages, hand sanitizers, face masks and lab coats. Amer Group is growing rapidly thanks to its strong network of sales agents and exclusive contracts with top brands. Amer Group is one of the largest suppliers of surgical scrubs in the country. The company’s surgical scrub brand, Medwear, is available at more than 60,000 retail locations across the country. Amer Group is expected to continue growing thanks to its focus on innovation, customer service and diversification. For example, Amer Group has been investing significantly in its e-commerce business to take advantage of the growing demand for online shopping. In addition, the company is expanding into new product lines to drive even more growth. Amer Group has also been expanding its international presence, especially in Asia. For investors, Amer Group offers a strong dividend yield of 3.7% and a strong profit growth rate of 23.1%. Amer Group is currently trading at a P/E ratio of 14.2x and has a dividend yield of 3.7%.
Berrywell NV (BRW)
Headquartered in Amsterdam, Berrywell is one of the largest industrial health care suppliers in Europe. Berrywell distributes a range of products including surgical scrubs, gloves, masks, face shields and gowns. The company has a strong presence in Europe and a growing presence in other parts of the world, especially Asia. Berrywell has been investing heavily in new products and technologies to meet the growing demand for healthcare services across the globe. In addition, the company has been growing its e-commerce business to take advantage of the rising demand for online shopping. Berrywell has also been expanding its contract manufacturing business to help drive growth. For example, the company is currently working with a major firm to provide surgical scrubs and other items to the healthcare industry in Africa. Berrywell has been growing rapidly thanks to its strong network of sales agents and exclusive contracts with top brands. The company is one of the largest suppliers of surgical scrubs in Europe. Berrywell’s surgical scrub brand, Scrubs & Beyond, is available at more than 3,000 retail locations across Europe. For investors, Berrywell offers a strong dividend yield of 4.0% and a strong profit growth rate of 21.5%. Berrywell is currently trading at a P/E ratio of 13.7x and has a dividend yield of 4.0%.
Essity Ltd. (ESYY)
Headquartered in Sweden, Essity is one of the largest industrial health care suppliers in Europe. Essity distributes a range of products including gloves, incontinence care products, surgical scrubs, gowns and face masks. The company has a strong presence in Europe and a growing presence in Asia. Essity has been investing heavily in new products and technologies to meet the growing demand for healthcare services across the globe. In addition, the company has been growing its e-commerce business to take advantage of the rising demand for online shopping. Essity has also been expanding its contract manufacturing business to help drive growth. For example, the company is currently working with a major firm to provide surgical scrubs and other items to the healthcare industry in Africa. Essity has been growing rapidly thanks to its strong network of sales agents and exclusive contracts with top brands. The company is one of the largest suppliers of surgical scrubs in Europe. Essity’s surgical scrub brand, Libresse, is available at more than 3,300 retail locations across Europe. For investors, Essity offers a strong dividend yield of 3.7% and a strong profit growth rate of 20.2%. For investors, Essity has a P/E ratio of 13.5x and a dividend yield of 3.7%.
Hill-Rom Holdings Inc. (HRC)
Headquartered in Lake Bluff, IL, Hill-Rom is one of the largest industrial health care suppliers in the U.S. Hill-Rom distributes a range of products including surgical scrubs, gloves, gowns, incontinence care products and mobility products. The company has a strong presence in the U.S. and a growing presence in other parts of the world, especially Asia. Hill-Rom has been investing heavily in new products and technologies to meet the growing demand for healthcare services across the globe. In addition, the company has been growing its e-commerce business to take advantage of the rising demand for online shopping. Hill-Rom has also been expanding its contract manufacturing business to help drive growth. For example, the company is currently working with a major firm to provide surgical scrubs and other items to the healthcare industry in Africa. Hill-Rom has been growing rapidly thanks to its strong network of sales agents and exclusive contracts with top brands. The company is one of the largest suppliers of surgical scrubs in the U.S. Hill-Rom’s surgical scrub brand, Physician’s Choice, is available at more than 10,000 retail locations across the country. For investors, Hill-Rom offers a strong dividend yield of 2.6% and a strong profit growth rate of 33.7%. For investors, Hill-Rom has a P/E ratio of 13.2x and a dividend yield of 2.6%.
Hexagon Ltd. (HXL)
Headquartered in Sweden, Hexagon is one of the largest industrial health care suppliers in Europe. Hexagon distributes a range of products including surgical scrubs, gloves, gowns, masks and incontinence care products. The company has a strong presence in Europe and a growing presence in other parts of the world, especially Asia. Hexagon has been investing heavily in new products and technologies to meet the growing demand for healthcare services across the globe. In addition, the company has been growing its e-commerce business to take advantage of the rising demand for online shopping. Hexagon has also been expanding its contract manufacturing business to help drive growth. For example, the company is currently working with a major firm to provide surgical scrubs and other items to the healthcare industry in Asia. Hexagon has been growing rapidly thanks to its strong network of sales agents and exclusive contracts with top brands. The company is one of the largest suppliers of surgical scrubs in Europe. Hexagon’s surgical scrub brand, Hex, is available at more than 6,200 retail locations across Europe. For investors, Hexagon offers a strong dividend yield of 2.5% and a strong profit growth
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