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SmartTRAK Life Sciences News and Analysis Blog

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The Past, Present and Future of 3M Health Care

1/17/23 9:18 AM

3M Past Present Future HEADERWith the recent announcement that 3M is spinning off its Health Care division, SmartTRAK looks back at the evolution of 3M Health Care, its businesses today, the entry into Advanced Wound Care (AWC) and potential new opportunities for the new Health Care business.

3M, a large, diversified company with annual sales of $35.4B in 2021 announced earlier this year plans to spin-off its Health Care business into a new public company. Today, 3M markets thousands of products through four business groups: Safety and Industrial, Transportation and Electronics, Health Care and Consumer. Post-spin-off, 3M will continue as a leading global material science innovator, while the new stand-alone business will seek to become a global diversified healthcare company focused on wound care, healthcare IT, oral care and biopharma filtration.

Download "The Past, Present and Future of 3M Health Care" Article
Among the many topics covered in this fascinating article are:

  • The Genesis of 3M's Health Care Division
    • Early Innovations
    • Acquisitions and Divestitures
    • Expanding the Portfolio: Economies of Scale
  • 3M Health Care and Advanced Wound Care
  • Opportunities and Challenges Moving Forward
    • Leveraging and Sharing Technology Development
    • Business Model: Non-Traditional Acquisition Targets
    • More Focused Healthcare Strategy
    • Greater R&D and Clinical Research Investment
    • Entering New Markets

3M is positioning the spin-off as a value play that will create two new companies focused on growth, innovation and investor returns. Within this context, in this article, SmartTRAK takes a look at the evolution of 3M’s Health Care business, how AWC fits within the Health Care business and what the future holds for the business post-spin-off.

To download and read the complete SmartTRAK perspective article "The Past, Present and Future of 3M Health Care" just click the button below. Download the 3M Article

SmartTRAK is a comprehensive, easy-to-use, business intelligence solution for the Life Sciences Industry that provides breaking updates on pertinent company news, potential treatments and guidance, international survey results, statistical analysis by country, studies, trial results, financial impact and more. All subscribers receive a Daily Updates email containing the latest need-to-know news curated by our expert analysts. It's the perfect way to start your day! If you would like to learn more about SmartTRAK, just click here.
Susan Paquette
Written by Susan Paquette

Susan Paquette, MS, MBA | Vice President and General Manager, Wound. 25+ years' experience in new business development, R&D, international and marketing. Director, New Business Development & Commercialization, 3M Health Care; Technical Director, 3M Medical.

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