The medical devices sector is typified by frequent change and innovation, in response to problems and issues faced by the healthcare industry. As a result, the sector has seen the emergence of several start-up medtech companies offering disruptive, cutting-edge solutions. Most of these are private companies, where data such as revenue is frequently not disclosed. National estimates for Cintas sales in the US from 2016 to 2022, as well as year-on-year growth rates, can be viewed in GlobalData’s micro revenue report. Buy the report here.
Cintas Corp (Cintas) designs uniforms and supplies them on rental and sales basis; provides floor care, restroom supplies, fire extinguishers and testing, first aid and safety products; and safety and compliance training services. The business performance of Uniform Rental and Facility Services segment, dominant position, and increase in net working capital are its major strengths, even as lawsuits and decline in net income could be causes for concern to the company. Launch of new products and global workwear and uniforms market are likely to provide growth opportunities to the company. However, increase in manpower costs in the US, regulations and foreign exchange risks could affect its performance. Key subsidiaries of Cintas include Cintas Property Holding Belgium, Grand Rapids Coat & Apron Service, Grupo Cintas de Mexico S.A. de C.V, G&K Services Canada and Millennium Mat Company.
The key metrics of Cintas related to marketed and pipeline products, ongoing clinical trials, active jobs and publications from 2022 are shown below:
As Cintas is a privately held company, it is not required to disclose its financial information and there is no stock listed on an exchange. GlobalData has access to a proprietary data set containing invoice data from over 2,600 healthcare institutions in the US and is therefore able to use estimations of a company’s revenue and growth to value private companies such as Cintas.