Winner Medical
Winner Medical is a Shenzhen-based, vertically integrated Chinese manufacturer of cotton-based medical dressings, advanced wound care, surgical disposables, and consumer healthcare products, serving hospitals, pharmacies, and consumers across 110+ countries through B2B sales, distributors, and e-commerce.
- Company typePublic
- Founded1991
- HeadquartersShenzhen, China
- Headcount51–100
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Winner Medical does
Winner Medical Co., Ltd. (Shenzhen, founded 1991, ticker 300888.SZ since September 2020) is an integrated Chinese medical and consumer healthcare manufacturer built around a fully controlled cotton industrial chain — from raw cotton procurement through spinning, weaving, and finished disposables. The company's core technology platforms are proprietary PurCotton spunlace non-woven fabric (patented in 30+ countries since 2005), medical-grade hydrophilic polyurethane foam (first stable mass production in China), and a complete silicone coating and perforation line. Its 12,000+ employees and 30 subsidiaries operate GMP-compliant manufacturing in China with a new USD 60M Vietnam base under construction for 2027 production.
Its commercial portfolio spans three brands and four major solution sets. The Winner Medical brand delivers advanced wound care (foam, silicone, gelling fiber, antimicrobial dressings), surgical gowns and drapes (SMMS and PurCotton variants), and OR procedure packs to hospitals and surgical centers. The Purcotton and PureH2B consumer lines sell 100% cotton personal care items (facial masks, wipes, cotton pads, adult diapers under QINGFULI) through retail and pharmacy channels. Sub-brand Dimora Medical runs a direct Amazon marketplace presence targeting consumers in the wound-care category. Products are CE- and ISO 13485-certified and span AAMI PB70, EN 13795, ASTM F1671, EN 14126, and multiple Chinese YY standards, allowing export to 110+ countries.
Revenue is generated primarily through multi-year B2B contracts to hospitals, pharmacies, and healthcare institutions via direct sales, regional distributors, six localized e-commerce sites, and recurring participation in MEDICA, EWMA, Arab Health, and IWII trade shows. An aggressive M&A program — Zhejiang Longterm Medical (55%, $108.2M, 2022), Pingan Medical (65.55%, $97.3M, 2022), Guilin Latex (100%), and U.S.-based Global Resources International (75.2%, $120M, late 2024) — has expanded advanced wound care, injection products, latex supply, and U.S. distribution. Pricing is quote-based with no public list pricing, and customer mix is distributed across B2B institutions, distributors, and a smaller but growing consumer channel.
Winner Medical firmographics
Firmographics- Name
- Winner Medical
- Legal name
- Winner Medical Co., Ltd.
- Website
- https://winnermedical.com
- Company type
- Public
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Winner Medical is a Shenzhen-based, vertically integrated Chinese manufacturer of cotton-based medical dressings, advanced wound care, surgical disposables, and consumer healthcare products, serving hospitals, pharmacies, and consumers across 110+ countries through B2B sales, distributors, and e-commerce.
- Ownership category
- akta.pro rank
Winner Medical industry classification
Industry- Product category
- Medical Disposables
- NAICS
- Surgical Appliance and Supplies Manufacturing (339113), Medical Equipment and Supplies Manufacturing (3391), Apparel Accessories and Other Apparel Manufacturing (31599)
- SIC
- Surgical & Medical Instruments & Apparatus (3841), Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047), Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300)
- akta.pro primary industry
- Medical & Hygiene Technical Textiles (Gauze/Drapes/Wipes/Barrier Fabrics) (IMAOADAD)
- akta.pro secondary industries
- Medical & Healthcare Hygiene Disposables (Patient Wipes, Underpads) (IMAMAGAF), Protective Disposable Wear (Masks, Gloves, Shoe Covers, Hairnets) (CRADALAJ), Disposable Protective Apparel (Coveralls, Gowns, Shoe Covers) (CRAAALAM)
Keywords
Where Winner Medical is headquartered
LocationHeadquarters
- HQ city
- Shenzhen
- HQ country
- China
- HQ region
- Asia
Offices4 records
Markets served
Winner Medical business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Medical Disposables (Medical Segment): Winner Medical generates primary revenue through the sale of medical consumables and disposables including surgical gowns, wound care dressings (foam, silicone, gelling fiber), surgical drapes, isolation gowns, masks, gloves, and infection prevention products. Both CE and ISO 13485 certified, serving hospitals, pharmacies, and healthcare institutions globally.
- Consumer/Personal Care Products (Consumer Segment): Revenue is also generated from consumer products under brands such as Purcotton (cotton-based personal care: cotton pads, facial masks, wet wipes, adult diapers) and PureH2B. The consumer segment is distributed through both medical/pharmacy channels and direct-to-consumer retail.
- Strategic Acquisitions and Market Expansion: The company has pursued growth through acquisitions (Pingan Medical, Zhejiang Longterm Medical, Global Resources International/GRI, Guilin Latex) which expand product lines, manufacturing capabilities, and market reach, contributing to overall revenue growth through expanded portfolio and distribution.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B enterprise pricing — hospital, pharmacy, and institutional customers |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels5 records
Winner Medical product offering
Product offeringCore offering
Winner Medical manufactures and markets cotton-based medical dressings and medical disposables, including advanced wound care dressings (foam, silicone, gelling fiber, antimicrobial), surgical consumables (gowns, drapes, procedure packs), and personal protective equipment (masks, isolation gowns, gloves). The company also produces consumer personal care products under the Purcotton and PureH2B brands, leveraging its proprietary PurCotton spunlace non-woven fabric technology and integrated industrial chain from raw cotton to finished medical products.
Product overview
Winner Medical is a comprehensive medical and consumer healthcare company that manufactures and distributes medical disposables and supplies. The company operates three major brands: Winner Medical (medical sector), Purcotton (consumer cotton products), and PureH2B. The product portfolio centers around medical disposables including wound care solutions (foam dressings, gelling fiber dressings, silicone products, antimicrobial dressings), operating room solutions (surgical gowns, drapes, procedure packs), and home care solutions (bandages, skin protectants, incontinence products). The company holds both CE and ISO 13485 certifications and sells products in over 110 countries. Manufacturing includes a patented PurCotton cotton spunlace non-woven fabric technology, medical-grade foam production, and silicone coating and perforation capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- Purcotton: Premium cotton-based products using proprietary cotton spunlace non-woven fabric technology, serving both medical and consumer markets
- PureH2B
- Dimora Medical
- QINGFULI
Products and services
- Foam Dressings
Quantifiable outcome
- PurCotton technology reduces production time from 1-2 months (traditional) to 2-3 days, significantly reducing energy consumption and carbon emissions
- +2 more outcomes
Companies that use Winner Medical
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles3 records
Winner Medical technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Winner Medical partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Global Resources International, Inc. (GRI)coreWinner Medical acquired a 75.2% stake in U.S.-based Global Resources International, Inc. for USD 120 million to improve its global supply chain for medical consumables. This acquisition strengthens Winner Medical's international supply chain capabilities and provides access to the U.S. market.
- Pingan MedicalcoreWinner Medical acquired a 65.55% stake in Pingan Medical for US$97.3 million to expand its medical supply product line and core capabilities, including injection products. The acquisition aims to diversify offerings and strengthen domestic market presence.
- Zhejiang Longterm MedicalcoreWinner Medical acquired a 55% stake in Zhejiang Longterm Medical for US$108.2 million as part of its strategy to lead the advanced wound care market in China and globally, leveraging synergies in market channels, R&D, and manufacturing.
- Dupont (China)minorWinner Medical and Dupont (China) reached strategic cooperation, announced in conjunction with CIIE (China International Import Expo), indicating a partnership for technology collaboration or joint market development.
- Guilin LatexcoreWinner Medical acquired 100% stake in Guilin Latex, expanding into the medical latex market. This acquisition provides backward integration into latex raw material supply for medical gloves and other latex-based medical products.
- UnicsMedminorWinner Medical and UnicsMed co-exhibited at the MONASH International Wound Conference 2024, indicating a collaborative partnership in wound care product promotion and market development.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Winner Medical competitors and assessment
Company assessmentBroad incumbents
- Cardinal Health: U.S. healthcare services and medical product distributor with significant medical consumables and surgical product lines. Comparable to Winner Medical in wholesale distribution of medical dressings, surgical gowns, drapes, and PPE to U.S. hospitals and pharmacy chains.
- Medline Industries: Privately held U.S. medical supplies manufacturer and distributor with broad portfolio in surgical gowns, drapes, wound care, exam gloves, and PPE. Comparable to Winner Medical across surgical consumables, PPE, and wound care; the U.S. medical supply scale leader with which Winner competes in tenders.
- 3M Health Care: U.S. diversified conglomerate with a major Health Care division spanning wound care, surgical supplies, oral care, and infection prevention. A broad incumbent comparable to Winner Medical in advanced wound dressings, surgical drapes, and sterilization products; significant scale and global brand recognition.
- Owens & Minor: U.S. medical supply distribution and product company (including legacy Halyard Health surgical gowns, drapes, and PPE). Comparable to Winner Medical in OR/surgical consumables and wound care; an established incumbent in U.S. hospital supply channels where Winner is positioning via the GRI acquisition.
- Smith+Nephew: UK-listed global medical technology company with significant Advanced Wound Management and Sports Medicine franchises. A broad incumbent comparable to Winner Medical's wound care and surgical portfolios, with deeper clinical evidence and global hospital reach.
Direct peers
- Ansell: Australia-listed global leader in surgical and examination gloves and protective apparel. Comparable to Winner Medical's surgical glove, surgical gown, and isolation gown segments, with overlapping hospital and industrial safety customers.
- Mölnlycke Health Care: Swedish global leader in wound care (Mepilex foam/silicicone dressings) and surgical single-use solutions. Closely comparable to Winner Medical in advanced wound dressings, surgical drapes and gowns, and proprietary foam/silicone technology platforms serving hospitals worldwide.
- Paul Hartmann AG: German medical and hygiene products manufacturer with strong wound care, incontinence, and surgical/OR consumables businesses. Directly comparable to Winner Medical in cotton-based wound dressings, OR drapes, surgical gowns, and consumer hygiene products.
- Coloplast: Danish medical device company with strong wound care and ostomy/incontinence franchises. Comparable to Winner Medical in advanced wound dressings, skin care, and personal consumer care (ostomy, continence care), with similar B2B hospital sales motions and direct-to-consumer brand.
- ConvaTec: UK-listed medical products company focused on advanced wound care, ostomy, continence, and infusion devices. Directly comparable to Winner Medical in foam and gelling fiber wound dressings, and a peer of the acquired Zhejiang Longterm Medical franchise in advanced wound care.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks2 records
Key highlights7 records
Customer concentration
Winner Medical social profiles
Digital presenceWinner Medical compliance and trust
Trust signalCompliance15 records
Winner Medical financial estimates
Financial estimateRevenue estimate
Valuation estimate
Winner Medical leadership team
Management profileNumber of profiles
Profiles1 record
Winner Medical subsidiaries and ownership
Company hierarchySubsidiaries4 records
Winner Medical funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Winner Medical M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Winner Medical
What does Winner Medical do?
Winner Medical manufactures and markets cotton-based medical dressings and medical disposables, including advanced wound care dressings (foam, silicone, gelling fiber, antimicrobial), surgical consumables (gowns, drapes, procedure packs), and personal protective equipment (masks, isolation gowns, gloves). The company also produces consumer personal care products under the Purcotton and PureH2B brands, leveraging its proprietary PurCotton spunlace non-woven fabric technology and integrated industrial chain from raw cotton to finished medical products.
Is Winner Medical a public or private company?
Winner Medical is a public company. It is classified as public and is currently operating.
When was Winner Medical founded?
Winner Medical was founded in 1991. It employs 51 to 100 people.
Where is Winner Medical based?
Winner Medical is headquartered in Shenzhen, China, in the Asia region.
How does Winner Medical make money?
Three revenue lines are on record. Medical Disposables (Medical Segment) is the primary driver. The others are consumer/Personal Care Products (Consumer Segment) and strategic Acquisitions and Market Expansion.
Who are Winner Medical's main competitors?
Broad incumbents on record are Cardinal Health, Medline Industries, 3M Health Care, Owens & Minor and Smith+Nephew. Direct peers are Ansell, Mölnlycke Health Care, Paul Hartmann AG, Coloplast and ConvaTec.
Does Winner Medical have an API?
No public API is recorded for Winner Medical.
What industry is Winner Medical in?
Winner Medical's product category is Medical Disposables. Its primary akta.pro industry code is IMAOADAD, Medical & Hygiene Technical Textiles (Gauze/Drapes/Wipes/Barrier Fabrics), with a secondary code of IMAMAGAF, Medical & Healthcare Hygiene Disposables (Patient Wipes, Underpads). Its NAICS code is 339113 and its SIC code is 3841.