The medical lab coats market focuses on protective garments worn by healthcare professionals, scientists, and laboratory workers to maintain hygiene and prevent contamination. These coats are designed to provide safety against spills, pathogens, and hazardous materials. The market is growing steadily due to increasing healthcare activities, rising awareness about infection control, and strict workplace safety regulations. Demand is also being driven by innovations in materials, such as antimicrobial and fluid-resistant fabrics. While North America and Asia-Pacific are key regions, global adoption is expanding as healthcare and research sectors continue to develop.
According to Fortune Business Insights, the global medical lab coats market was valued at USD 1.08 billion in 2024 and is expected to grow from USD 1.15 billion in 2025 to USD 1.83 billion by 2032, showcasing a compound annual growth rate (CAGR) of 6.9% during the forecast period. In 2024, Asia Pacific dominated the market with a 53.7% share.
In February 2025, FIGS, INC. announced its participation in the Raymond James 46th Annual Institutional Investors Conference to expand its global brand presence, signaling strategic intent in the medical lab apparel sector.
The rapid growth of medical colleges, research institutes, hospitals, and healthcare infrastructure worldwide is fueling strong demand for lab coats. Students, faculty, researchers, and healthcare professionals require protective attire, and increased government initiatives supporting new institutions are a key catalyst.
One example: in October 2024 the National Medical Commission in India approved eight new medical colleges in Maharashtra to expand MBBS capacity to 4,850 in order to reduce overseas education dependency.