Why Will The Health Care Segment Be A Key Growth Driver For 3M?

Here Are The Reasons:

1. Faster Historical Growth Than Other Segments

2. Acquisition Of Ivera Medical Corp. To Bolster Presence In Infection Prevention Industry

3M completed the acquisition of Ivera Medical Corp., which develops innovative products to reduce complications for patients with I.V. catheters, in 2015. Ivera had annual sales of $30M before the acquisition, and will help 3M enter this market at an opportune time, as healthcare facilities are looking for cost-effective solutions that improve patient health outcomes.

3. Decision To Invest And Grow The Health Information Systems (HIS) Business

4. China To Be A Key Growth Market

5. Leading Market Positions In A Number Of Areas

• Skin and wound care (transparent IV dressings and tapes)
• Infection prevention (auscultation, specialty drapes, and surgical clippers)- 28% of 2015 Health Care sales
• Patient warming solutions
• Oral care solutions- 23% of 2015 Health Care sales
• Coding and reimbursement software
• Drug delivery (inhalation systems)- 8% of 2015 Health Care sales
• Food safety indicator solutions- 5% of 2015 Health Care Sales

Have more questions on 3M? Have a look at these links below:

• What Was The Biggest Factor Which Resulted In A Change In Sales In Q1 2016 In Each Region For 3M?
• 3M Beats EPS, Revenue Estimates
• Will Organic Growth Drive 3M’s Q1 Earnings?
• What Does 3M’s Five-Year Growth Plan Entail?
• What Is 3M’s Plan With Regards To China?
• What Caused The Change In Sales For Each Of 3M’s Segments And How Does It Compare With 2014?
• What Is The Geographic Breakdown of 3M’s Sales?
• How Does 3M Compare With Its Peers In Terms Of R&D Spending?
• What Is 3M’s Fundamental Value Based On Expected 2016 Results?
• How Will 3M’s Revenue And EBITDA Composition Change In The Next 3 Years?
• By What Percentage Did 3M’s Revenue & EBITDA Grow In The Last 5 Years?
• How Has 3M’s Revenue And EBITDA Composition Changed In The Last 5 Years?
• 3M: Year 2015 In Review
• What Is 3M’s Revenue And EBITDA Breakdown?

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