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.