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Longterm Medical

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Namestring
Longterm Medical
Legal namestring
Zhejiang Longterm Medical Technology Co., Ltd
Company typeenum
Private
Founded yearint
2012
Descriptiontext

Zhejiang Longterm Medical Technology Co., Ltd is a privately-held Chinese medical device manufacturer founded in 2012 and headquartered in Deqing County, Huzhou City, Zhejiang Province. The company designs and manufactures advanced wound care dressings, basic wound dressings, IV transparent dressings, ostomy care products, catheter stabilization dressings, and personal care items such as blister plasters and acne patches. Its technical portfolio spans hydrocolloid, silicone foam, hydrogel, alginate, silver-ion antimicrobial, super absorbent, and negative pressure wound therapy (NPWT) technologies, supported by 40+ national patents and a 23,700 m² manufacturing facility with 300 million pieces of annual production capacity.

The company operates a B2B enterprise model with three revenue streams: direct sales of branded wound care products to hospitals and clinics, OEM/private label manufacturing for global medical device brands, and export distribution through regional medical device distributors. Pricing is quote-based and not publicly disclosed. It holds US FDA registration, CE marking, and German TÜV ISO 13485 certification, enabling cross-border sales in North American, European, and emerging markets. Its corporate website supports five languages (English, Arabic, Spanish, Russian, Chinese Simplified), reflecting its international export orientation. Target customers include healthcare institutions, distributors, and OEM brand partners; downstream patient segments include ostomy care users and IV therapy patients.

Longterm Medical employs 251-500 staff and ships products globally, though specific revenue, ownership structure, and funding history are not publicly disclosed. The company appears to be founder/family-controlled based on the absence of identified external investors. Its competitive positioning rests on regulatory compliance, scale manufacturing, and a broad SKU portfolio rather than proprietary software or AI-enabled products.

Short descriptiontext

Zhejiang Longterm Medical Technology is a Chinese OEM and branded manufacturer of advanced wound dressings, IV dressings, ostomy care products, and basic medical consumables, selling to healthcare institutions, distributors, and global medical device brands via FDA/CE/ISO 13485-certified export operations.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersHuzhou, China
HQ citystring
Huzhou
HQ countrystring
China
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
advanced wound dressings, ostomy care products, IV catheter dressings, OEM medical device manufacturing, hydrocolloid silicone foam
Industry3 codes
1Wound Care & Ulcer Management
CodeHLAKACANPrimaryYes
2First Aid & Wound Care (Bandages, Dressings, Antiseptics, Burn Care)
CodeCRADAMABPrimaryNo
3Home-Based Wound Care & Ostomy Nursing
CodeHLADAFAHPrimaryNo
NAICS code2 codes
  • Surgical Appliance and Supplies Manufacturing339113
  • Medical Equipment and Supplies Manufacturing3391
SIC code3 codes
  • Orthopedic, Prosthetic & Surgical Appliances & Supplies3842
  • Surgical & Medical Instruments & Apparatus3841
  • Wholesale-Medical, Dental & Hospital Equipment & Supplies5047
Product category
Medical Devices - Wound Care Dressings and Ostomy Care
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Medical Device Manufacturing
TypeHardware Sales
Description

Manufacturing and sale of wound care dressings, ostomy care products, IV dressings, and medical consumables to healthcare providers, distributors, and OEM partners globally.

2OEM/Private Label Manufacturing
TypeLicensing Royalties
Description

Original equipment manufacturing services producing medical products under customer brands for global distribution.

Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Longterm Medical manufactures and globally supplies advanced wound care dressings (hydrocolloid, silicone foam, hydrogel, alginate, silver ion, NPWT, super absorbent), basic wound dressings, IV transparent dressings, ostomy care products (pouches, skin barriers, attachments), and basic medical consumables. The company serves hospitals, clinics, distributors, and global medical device brands via direct sales and OEM/private-label manufacturing from a 23,700 m2 facility with 300 million pcs annual capacity.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Zhejiang Longterm Medical Technology Co., Ltd is a comprehensive medical device manufacturer offering a broad portfolio of wound care dressings and ostomy products. The product portfolio includes Advanced Wound Dressings (hydrocolloid, silicone foam, hydrogel, alginate, silver ion, and super absorbent dressings), Basic Wound Dressings, I.V. Dressings (transparent film dressings), Ostomy Care products (pouches, skin barriers, attachments), and Personal Care items (blister plasters, acne patches). The company's product line is organized around wound management solutions with dressings for different exudate levels and wound types, ostomy products in various capacities, and consumer-oriented wound care items.

Product and service7 records
1Advanced Wound Dressings
CategoryAdvanced Wound Care Dressings
Description

A portfolio of advanced wound dressings (hydrocolloid, silicone foam, hydrogel, alginate, silver ion, super absorbent, NPWT, silicone scar and contact layer, foam dressing variants) for hospitals, clinics, and OEM partners managing chronic wounds, post-surgical wounds, burns, pressure ulcers, diabetic foot ulcers, and IV site fixation.

2Basic Wound Dressings
CategoryBasic Wound Care Dressings
Description

Standard sterile self-adhesive wound dressings with PU film island construction for basic liquid absorption and bacterial protection, used by healthcare providers for routine wound care.

3IV Transparent Dressings
CategoryIV Catheter Dressings
Description

Transparent film IV dressings with high moisture permeability, good adhesion, and skin-breathable properties, including grid-coated and paper-frame variants for IV catheter fixation and 7-day wear time.

4Ostomy Care Products
CategoryOstomy Care
Description

Complete ostomy care system including one-piece open and closed colostomy pouches in multiple capacities, hydrocolloid skin barriers for peristomal skin protection, and ostomy attachments for secure pouch sealing.

5Personal Care Products
CategoryPersonal Care Dressings
Description

Hydrocolloid blister plasters, acne patches, and silicone scar sheets (sheet and tubular forms) for consumer and clinical scar management, blister care, and acne lesion care.

6Basic Medical Consumables
CategoryBasic Medical Consumables
Description

Basic medical consumables including self-adhesive elastic bandages, band-aids (elastic, waterproof, breathable variants), breathable medical tape, catheter stabilization dressings, first aid kits, and protective products for hospitals, clinics, sports, and emergency use.

7OEM and Private-Label Manufacturing Services
CategoryOEM Manufacturing Services
Description

Contract manufacturing services producing wound dressings, ostomy products, and IV dressings under global medical device brands and distributor private labels, with regulatory compliance (FDA, CE, ISO 13485), custom packaging, and scale production at 300 million pcs annual capacity.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Peers10 records
TypeBroad incumbent
Description

Danish ostomy and wound care leader with the Sensura and Biatain lines. Strong overlap on ostomy pouch and skin barrier products, and an adjacent wound care portfolio; serves the same end customers (hospitals, home care).

TypeBroad incumbent
Description

Largest privately-held US medical manufacturer and distributor with a broad wound care and disposable medical consumables portfolio. Comparable private-company scale and product breadth; competes across basic wound dressings, IV dressings, and protective products.

TypeBroad incumbent
Description

Major diversified medical manufacturer with Tegaderm transparent dressings and a wide wound care portfolio. Overlaps with Longterm on IV/transparent dressings and basic wound care consumables, both as a competitor and as a potential OEM partner.

TypeBroad incumbent
Description

UK-listed medical device major with substantial Advanced Wound Management portfolio (Allevyn, Acticoat). Comparable product categories (foams, hydrocolloids, silver dressings) and competes both as a brand and as a customer for OEM/private label sourcing.

TypeBroad incumbent
Description

Major US medical product distributor and private label manufacturer. Comparable as a wholesale/OEM channel participant with broad wound care consumables and serves similar downstream customers (hospitals, clinics).

TypeBroad incumbent
Description

Swedish global leader in advanced wound care (Mepilex, Mepitel) and surgical solutions. Direct product overlap in foam, silicone, and antimicrobial dressings with a premium branded position; competitor in the same OEM/branded sourcing decisions.

TypeDirect peer
Description

Global wound care and ostomy specialist (Aquacel, Natura ostomy systems). Directly comparable to Longterm across both advanced wound dressings and ostomy pouches/skin barriers; competes for the same hospital, home-care, and OEM channels.

TypeRegional player
Description

China-based medical dressings and consumer wound care manufacturer (listed on Shenzhen Stock Exchange). Most direct domestic peer, sharing an OEM/white-label business model and overlapping product portfolio in advanced and basic wound dressings.

TypeDirect peer
Description

US privately-held manufacturer focused on ostomy care (Premier, New Image pouches) and wound care (Hollister Wound Care). Direct peer on ostomy pouches/skin barriers and advanced dressings, with comparable private-company profile.

TypeEmerging player
Description

Egypt-based wound care and medical dressings manufacturer with private label/OEM capabilities. Comparable mid-sized manufacturer with similar product breadth in advanced dressings and a similar focus on emerging-market and OEM channels.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Longterm Medical

Medical Devices - Wound Care Dressings and Ostomy Carelongterm-health.com

Zhejiang Longterm Medical Technology is a Chinese OEM and branded manufacturer of advanced wound dressings, IV dressings, ostomy care products, and basic medical consumables, selling to healthcare institutions, distributors, and global medical device brands via FDA/CE/ISO 13485-certified export operations.

What Longterm Medical does

Zhejiang Longterm Medical Technology Co., Ltd is a privately-held Chinese medical device manufacturer founded in 2012 and headquartered in Deqing County, Huzhou City, Zhejiang Province. The company designs and manufactures advanced wound care dressings, basic wound dressings, IV transparent dressings, ostomy care products, catheter stabilization dressings, and personal care items such as blister plasters and acne patches. Its technical portfolio spans hydrocolloid, silicone foam, hydrogel, alginate, silver-ion antimicrobial, super absorbent, and negative pressure wound therapy (NPWT) technologies, supported by 40+ national patents and a 23,700 m² manufacturing facility with 300 million pieces of annual production capacity.

The company operates a B2B enterprise model with three revenue streams: direct sales of branded wound care products to hospitals and clinics, OEM/private label manufacturing for global medical device brands, and export distribution through regional medical device distributors. Pricing is quote-based and not publicly disclosed. It holds US FDA registration, CE marking, and German TÜV ISO 13485 certification, enabling cross-border sales in North American, European, and emerging markets. Its corporate website supports five languages (English, Arabic, Spanish, Russian, Chinese Simplified), reflecting its international export orientation. Target customers include healthcare institutions, distributors, and OEM brand partners; downstream patient segments include ostomy care users and IV therapy patients.

Longterm Medical employs 251-500 staff and ships products globally, though specific revenue, ownership structure, and funding history are not publicly disclosed. The company appears to be founder/family-controlled based on the absence of identified external investors. Its competitive positioning rests on regulatory compliance, scale manufacturing, and a broad SKU portfolio rather than proprietary software or AI-enabled products.

Longterm Medical firmographics

Firmographics
Name
Longterm Medical
Legal name
Zhejiang Longterm Medical Technology Co., Ltd
Website
https://longterm-health.com
Company type
Private
Founded year
2012
Operating status
Operating
Headcount range
251–500 employees
Short description
Zhejiang Longterm Medical Technology is a Chinese OEM and branded manufacturer of advanced wound dressings, IV dressings, ostomy care products, and basic medical consumables, selling to healthcare institutions, distributors, and global medical device brands via FDA/CE/ISO 13485-certified export operations.
Ownership category
akta.pro rank

Longterm Medical industry classification

Industry
Product category
Medical Devices - Wound Care Dressings and Ostomy Care
NAICS
Surgical Appliance and Supplies Manufacturing (339113), Medical Equipment and Supplies Manufacturing (3391)
SIC
Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842), Surgical & Medical Instruments & Apparatus (3841), Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047)
akta.pro primary industry
Wound Care & Ulcer Management (HLAKACAN)
akta.pro secondary industries
First Aid & Wound Care (Bandages, Dressings, Antiseptics, Burn Care) (CRADAMAB), Home-Based Wound Care & Ostomy Nursing (HLADAFAH)

Keywords

  • Advanced wound dressings
  • Ostomy care products
  • IV catheter dressings
  • OEM medical device manufacturing
  • Hydrocolloid silicone foam

Where Longterm Medical is headquartered

Location

Headquarters

HQ city
Huzhou
HQ country
China
HQ region
Asia

Offices1 record

Markets served

Longterm Medical business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. Medical Device Manufacturing: Manufacturing and sale of wound care dressings, ostomy care products, IV dressings, and medical consumables to healthcare providers, distributors, and OEM partners globally.
  2. OEM/Private Label Manufacturing: Original equipment manufacturing services producing medical products under customer brands for global distribution.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Longterm Medical product offering

Product offering

Core offering

Longterm Medical manufactures and globally supplies advanced wound care dressings (hydrocolloid, silicone foam, hydrogel, alginate, silver ion, NPWT, super absorbent), basic wound dressings, IV transparent dressings, ostomy care products (pouches, skin barriers, attachments), and basic medical consumables. The company serves hospitals, clinics, distributors, and global medical device brands via direct sales and OEM/private-label manufacturing from a 23,700 m2 facility with 300 million pcs annual capacity.

Product overview

Zhejiang Longterm Medical Technology Co., Ltd is a comprehensive medical device manufacturer offering a broad portfolio of wound care dressings and ostomy products. The product portfolio includes Advanced Wound Dressings (hydrocolloid, silicone foam, hydrogel, alginate, silver ion, and super absorbent dressings), Basic Wound Dressings, I.V. Dressings (transparent film dressings), Ostomy Care products (pouches, skin barriers, attachments), and Personal Care items (blister plasters, acne patches). The company's product line is organized around wound management solutions with dressings for different exudate levels and wound types, ostomy products in various capacities, and consumer-oriented wound care items.

Differentiator

Problem solved

Functional benefit

Products and services

  • Advanced Wound Dressings A portfolio of advanced wound dressings (hydrocolloid, silicone foam, hydrogel, alginate, silver ion, super absorbent, NPWT, silicone scar and contact layer, foam dressing variants) for hospitals, clinics, and OEM partners managing chronic wounds, post-surgical wounds, burns, pressure ulcers, diabetic foot ulcers, and IV site fixation.
  • Basic Wound Dressings Standard sterile self-adhesive wound dressings with PU film island construction for basic liquid absorption and bacterial protection, used by healthcare providers for routine wound care.
  • IV Transparent Dressings Transparent film IV dressings with high moisture permeability, good adhesion, and skin-breathable properties, including grid-coated and paper-frame variants for IV catheter fixation and 7-day wear time.
  • Ostomy Care Products Complete ostomy care system including one-piece open and closed colostomy pouches in multiple capacities, hydrocolloid skin barriers for peristomal skin protection, and ostomy attachments for secure pouch sealing.
  • Personal Care Products Hydrocolloid blister plasters, acne patches, and silicone scar sheets (sheet and tubular forms) for consumer and clinical scar management, blister care, and acne lesion care.
  • Basic Medical Consumables Basic medical consumables including self-adhesive elastic bandages, band-aids (elastic, waterproof, breathable variants), breathable medical tape, catheter stabilization dressings, first aid kits, and protective products for hospitals, clinics, sports, and emergency use.
  • OEM and Private-Label Manufacturing Services Contract manufacturing services producing wound dressings, ostomy products, and IV dressings under global medical device brands and distributor private labels, with regulatory compliance (FDA, CE, ISO 13485), custom packaging, and scale production at 300 million pcs annual capacity.

Companies that use Longterm Medical

Customer profile

Segments4 records

Ideal customer profiles2 records

Longterm Medical technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

Longterm Medical partnerships and signals

Strategic signal

Scale indicators5 records

Longterm Medical competitors and assessment

Company assessment

Broad incumbents

  • Coloplast: Danish ostomy and wound care leader with the Sensura and Biatain lines. Strong overlap on ostomy pouch and skin barrier products, and an adjacent wound care portfolio; serves the same end customers (hospitals, home care).
  • Medline Industries: Largest privately-held US medical manufacturer and distributor with a broad wound care and disposable medical consumables portfolio. Comparable private-company scale and product breadth; competes across basic wound dressings, IV dressings, and protective products.
  • 3M Health Care (Solventum): Major diversified medical manufacturer with Tegaderm transparent dressings and a wide wound care portfolio. Overlaps with Longterm on IV/transparent dressings and basic wound care consumables, both as a competitor and as a potential OEM partner.
  • Smith & Nephew: UK-listed medical device major with substantial Advanced Wound Management portfolio (Allevyn, Acticoat). Comparable product categories (foams, hydrocolloids, silver dressings) and competes both as a brand and as a customer for OEM/private label sourcing.
  • Cardinal Health (Medical segment): Major US medical product distributor and private label manufacturer. Comparable as a wholesale/OEM channel participant with broad wound care consumables and serves similar downstream customers (hospitals, clinics).
  • Mölnlycke Health Care: Swedish global leader in advanced wound care (Mepilex, Mepitel) and surgical solutions. Direct product overlap in foam, silicone, and antimicrobial dressings with a premium branded position; competitor in the same OEM/branded sourcing decisions.

Direct peers

  • ConvaTec: Global wound care and ostomy specialist (Aquacel, Natura ostomy systems). Directly comparable to Longterm across both advanced wound dressings and ostomy pouches/skin barriers; competes for the same hospital, home-care, and OEM channels.
  • Hollister Incorporated: US privately-held manufacturer focused on ostomy care (Premier, New Image pouches) and wound care (Hollister Wound Care). Direct peer on ostomy pouches/skin barriers and advanced dressings, with comparable private-company profile.

Regional players

  • Winner Medical (稳健医疗): China-based medical dressings and consumer wound care manufacturer (listed on Shenzhen Stock Exchange). Most direct domestic peer, sharing an OEM/white-label business model and overlapping product portfolio in advanced and basic wound dressings.

Emerging players

  • Pharmaplast: Egypt-based wound care and medical dressings manufacturer with private label/OEM capabilities. Comparable mid-sized manufacturer with similar product breadth in advanced dressings and a similar focus on emerging-market and OEM channels.

Market position

Strengths4 records

Weaknesses4 records

Key risks6 records

Key highlights6 records

Customer concentration

Longterm Medical social profiles

Digital presence

Longterm Medical compliance and trust

Trust signal

Compliance3 records

Longterm Medical financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Longterm Medical leadership team

Management profile

Number of profiles

Profiles1 record

Longterm Medical funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Longterm Medical M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Longterm Medical

What does Longterm Medical do?

Longterm Medical manufactures and globally supplies advanced wound care dressings (hydrocolloid, silicone foam, hydrogel, alginate, silver ion, NPWT, super absorbent), basic wound dressings, IV transparent dressings, ostomy care products (pouches, skin barriers, attachments), and basic medical consumables. The company serves hospitals, clinics, distributors, and global medical device brands via direct sales and OEM/private-label manufacturing from a 23,700 m2 facility with 300 million pcs annual capacity.

Is Longterm Medical a public or private company?

Longterm Medical is a private company. It is classified as unknown and is currently operating.

When was Longterm Medical founded?

Longterm Medical was founded in 2012. It employs 251 to 500 people.

Where is Longterm Medical based?

Longterm Medical is headquartered in Huzhou, China, in the Asia region.

How does Longterm Medical make money?

Two revenue lines are on record. Medical Device Manufacturing is the primary driver. The others are OEM/Private Label Manufacturing.

Who are Longterm Medical's main competitors?

Broad incumbents on record are Coloplast, Medline Industries, 3M Health Care (Solventum), Smith & Nephew, Cardinal Health (Medical segment) and Mölnlycke Health Care. Direct peers are ConvaTec and Hollister Incorporated. Winner Medical (稳健医疗) is listed as a regional player. Pharmaplast is listed as an emerging player.

Does Longterm Medical have an API?

No public API is recorded for Longterm Medical.

What industry is Longterm Medical in?

Longterm Medical's product category is Medical Devices - Wound Care Dressings and Ostomy Care. Its primary akta.pro industry code is HLAKACAN, Wound Care & Ulcer Management, with a secondary code of CRADAMAB, First Aid & Wound Care (Bandages, Dressings, Antiseptics, Burn Care). Its NAICS code is 339113 and its SIC code is 3842.

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Live signals
PR NewswireWinner Medical erwirbt Mehrheitsbeteiligung an Pingan Medical zur WachstumsförderungWinner Medical Co. Ltd. announced on May 18, 2022, that it acquired a 65.55% majority stake in Hunan Pingan Medical Device Technology Co. Ltd. for 652 million Yuan (97.3 million USD), with plans to eventually hold 68.7% of Pingan Medical shares for a total of 752 million Yuan. The acquisition aims to expand Winner Medical's product offerings into injection products and medical disposables, with Pingan Medical reporting 2021 revenue of 360 million Yuan and net profit of 85 million Yuan. The deal follows Winner Medical's April acquisition of Zhejiang Longterm Medical Technology and aligns with its strategy to become a one-stop provider of medical disposable solutions, including plans to build new production facilities in Li County, Hunan Province.PR NewswireWinner Medical annuncia l'acquisizione di una quota di partecipazione del 55% di Zhejiang Longterm Medical per 108,2 milioni di USDOn April 10, 2022, Winner Medical signed a definitive agreement to acquire a 55% stake in Zhejiang Long Medical Technology Co., Ltd. for $108.2 million, positioning itself to strengthen its leadership in the advanced wound care market in China.PR NewswireWinner Medical anuncia la adquisición del 55 % de las acciones de Zhejiang Longterm MedicalWinner Medical Co., Ltd. announced on April 10 (published May 31, 2022) the signing of a definitive agreement to acquire a 55% stake in Zhejiang Longterm Medical Technology Co., Ltd. for $108.2 million USD. Longterm Medical is a market leader in China's advanced wound care industry, having generated over $52 million in total sales revenue in 2021, with advanced wound care and ostomy products contributing more than $41.6 million. The acquisition aims to leverage synergies in customer bases, market channels, products, R&D, and manufacturing, with both companies expecting to gain greater market share and revenue growth in the advanced wound care market, which is projected to grow from $5.85 billion globally in 2020 to $7.23 billion by 2027.PR NewswireWinner Medical anuncia que adquirirá una participación del 55 % en Zhejiang Longterm Medical por USD 108,2 millonesWinner Medical Co., Ltd. has signed a definitive agreement to acquire a 55% stake in Zhejiang Longterm Medical Technology Co., Ltd. for USD 108.2 million. The transaction aims to leverage synergies in R&D, manufacturing, and market channels, combining Winner's global reach with Longterm's leading position in China's advanced wound care sector. This strategic move is intended to expand market share and drive revenue growth within the growing global advanced wound care industry.PR NewswireWinner Medical Announces to Acquire 55% Stake in Zhejiang Longterm Medical for US $108.2 MillionWinner Medical announced on April 10 that it signed a definitive agreement to acquire a 55% stake in Zhejiang Longterm Medical Technology Co., Ltd. for US $108.2 million, aiming to become the industry leader in the advanced wound care market. Longterm Medical is China's market leader in advanced wound care products, generating over US $52 million in total sales revenue in 2021, and combined hospital coverage will exceed 4,600 hospitals in China. The acquisition is expected to generate synergies in overseas and domestic client base, market channels, products, R&D, and manufacturing, with the global advanced wound care market projected to grow from US $5.85 billion in 2020 to US $7.23 billion in 2027.