Yes, 3M has significant exposure in both the pharmaceutical and medical device sectors.

In the Pharmaceutical Sector:

While 3M isn't a pharmaceutical manufacturer in the sense of developing and producing drugs, they are a crucial supplier to the industry. Their exposure primarily comes from:

• Personal Protective Equipment (PPE): 3M provides a wide range of health and safety solutions for pharmaceutical manufacturing, including respirators, protective clothing, hearing protection, and eyewear. These products safeguard workers from hazards like chemical exposure, respiratory risks, and noise during the handling of active pharmaceutical ingredients (APIs), cleaning, and disinfection processes.
  
  
• Industrial Solutions: 3M offers various industrial products used in pharmaceutical manufacturing, such as tapes for sealing and labeling, and other materials that support production and maintenance.
  
  

In the Medical Device Sector:

3M has a direct and extensive presence in the medical device sector. This includes:

• Medical Component Tapes & Films: 3M is a major supplier of specialized tapes, films, and adhesives used in the manufacturing of various medical devices. These components are critical for bonding, securing, and protecting medical device parts, including those with direct patient contact.
  
  
• Finished Medical Products: 3M manufactures and sells a range of medical products directly. These include:
  
  
  • Wound Care: Bandages, dressings (e.g., Tegaderm), and advanced wound care solutions.
    
    
  • Patient Care and Monitoring: Stethoscopes (Littmann brand), ECG electrodes, temperature management products, and port protectors.
    
    
  • Surgical Supplies: Hand antiseptics, surgical scrubs, and antimicrobial incise drapes.
    
    
  • Braces & Supports: Products under brands like FUTURO and ACE.
    
    
  • Sterilization Assurance: Products for monitoring sterilization processes in healthcare settings.
    
    
  • Other Medical Supplies: X-ray supplies, skin care products, and even animal recovery collars.
    
    

It's important to note that 3M recently spun off its healthcare business into a new standalone company called Solventum. This means that many of the direct medical products and solutions that were previously under 3M's umbrella are now part of Solventum. However, 3M still maintains its role as a supplier of industrial and PPE solutions to the broader healthcare and pharmaceutical industries.