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Hollister Incorporated

Company Profile Analysis

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Hollister Incorporated - Healthcare showcase

Year Founded & Workforce

1921

2,968 Employees

Industry

Healthcare

Services

One-Piece Pouching SystemsTwo-Piece Pouching SystemsOstomy Care Market
H

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Hollister Incorporated Overview

Company Headquarters: Illinois, US

Founded: 1921

Workforce: ~ 2,968

Company Working: Hollister Incorporated develops, manufactures, and sells a variety of healthcare products, such as those for ostomy care, continence care, and critical care. It offers fecal collectors, ostomy pouching systems, intermittent catheters, male external catheters, wound dressings, skin protectant and conditioning lotions, oral endotracheal tube fasteners, skin barriers, and urine drainage collectors. Hollister also offers training materials and healthcare courses for both patients and medical professionals. It also has manufacturing plants in the US, Denmark, Lithuania, Ireland, the Netherlands, and India. Moreover, it has distribution centers on three continents and sells in about 80 countries worldwide. Furthermore, the company markets its products across Europe, Africa, Asia-Pacific, and the Americas via its offices, subsidiaries, and distributors.

Strategy

Hollister Inc. focuses on reducing infection risk while enabling individuals to live fulfilling and respectable lives. It also concentrated on operational performance, including the levels of effectiveness, adaptability, and service necessary in a market that is becoming more and more competitive. In addition, it aims to improve the products and services provided by healthcare professionals as well as the quality of life for individuals to utilize its products. The company also places a strong emphasis on the creation of innovative ostomy care products that advance consumer, professional, and global health systems. Additionally, Hollister Inc. emphasizes strengthening its portfolio through wise capital allocations. Furthermore, it focuses on making investments in enhancing a variety of sectors, including R&D, manufacturing, and quality, as well as expanding the product line.

Company Snapshot

2,968

Employees

1921

Founded

Illinois, US

Headquarters

SWOT Analysis

Strengths

  • Trusted brand
  • Specialty in medical products
  • Unique as it is employee-owned
  • Global presence in over 80 countries
  • Strong R&D capabilities
  • Enhanced product portfolio
  • Strong presence in the ostomy market

Weaknesses

  • Product recalls could hamper the company’s image
  • High price points
  • Controversies and legal issues

Opportunities

  • Increase in revenue from emerging economies
  • Enhance products offering through a combination of innovations and strategic acquisitions
  • Expansion in untapped regions
  • Growing demand of ostomy care products

Threats

  • Business is affected by currency rate fluctuations
  • Changing political landscape
  • Fluctuating foreign exchange rates
  • Intense competition

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Key Developments

DateApproachDevelopment
February 2023Unit ExpansionHollister Incorporated expanded its production capacity at its Kaunas factory in Lithuania by spending USD 25 million on cutting-edge manufacturing technologies. With this addition, Hollister's ostomy business will continue to expand quickly, in large part due to the popularity of its skin health products TRE Product Portfolios and CeraPlus.

Product Offering

  • Hollister Incorporated
    • One-Piece Pouching Systems
    • Two-Piece Pouching Systems
    • Ostomy Care Market

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