[Ranking] TOP 25 Diagnostic Substances / Healthcare Companies Q3/2023
Intro
The Diagnostic Substances industry plays a vital role in the worldwide economy by providing essential tools for disease detection and monitoring. As part of the larger Healthcare sector, this sub-industry focuses on manufacturing and distributing substances used in diagnostic tests.
With the increasing prevalence of chronic and infectious diseases, the Diagnostic Substances industry has a profound influence on the healthcare system and its ripple effects extend to diverse sectors. Accurate and timely diagnosis is crucial for effective treatment, disease surveillance, and public health interventions.
The economic magnitude of the Diagnostic Substances industry is substantial and continues to grow. The global market for diagnostic substances is projected to reach billions of dollars in the coming years, driven by advancements in technology, increased healthcare spending, and the rising demand for personalized medicine.
Recent trends and breakthroughs in the Diagnostic Substances industry have transformed the way diseases are diagnosed and monitored. Innovations such as point-of-care testing, liquid biopsy, and molecular diagnostics have revolutionized the field, offering faster, more accurate, and less invasive diagnostic solutions. However, the industry also faces obstacles such as regulatory challenges, reimbursement issues, and the need for constant adaptation to emerging infectious diseases.
The landscape of the Diagnostic Substances industry is ever-changing, driven by advancements in technology, evolving regulatory frameworks, and shifting healthcare priorities. Understanding the leading companies in this industry is crucial for investors, healthcare professionals, and policymakers to navigate this dynamic landscape and contribute to improved patient outcomes.
Ranking
#25 Meridian Bioscience, Inc.
Employees: 1.2K
Revenue: 300M$
Website: https://www.meridianbioscience.com
Description: Meridian Bioscience, Inc. is a healthcare company that operates in the Diagnostic Substances industry. Headquartered in Cincinnati, United States, the company was founded in 1976. With approximately 1.2 thousand employees, Meridian Bioscience specializes in developing, manufacturing, and distributing diagnostic test kits and reagents for a range of infectious diseases. Their products are used in hospitals, clinics, reference laboratories, and research institutions worldwide. The company focuses on respiratory, gastrointestinal, and parasitic infections, offering a comprehensive portfolio of tests for accurate and rapid diagnosis. Meridian Bioscience's revenue stands at 300 million dollars, reflecting their strong presence and success in the healthcare industry.
#24 GenMark Diagnostics, Inc.
Employees: 1.2K
Revenue: 350M$
Website: https://www.genmarkdx.com/
Description: GenMark Diagnostics, Inc. is a leading player in the Diagnostic Substances industry. Headquartered in Carlsbad, United States, the company was founded in 2010. With a workforce of approximately 1.2K employees, GenMark Diagnostics specializes in developing molecular diagnostic tests that enable early detection of infectious diseases, genetic conditions, and other ailments. Their innovative diagnostic solutions provide accurate and rapid results, helping healthcare professionals make informed treatment decisions. GenMark Diagnostics has achieved significant revenue growth, with their annual revenue reaching approximately 350 million dollars. With their commitment to improving patient care through advanced diagnostics, GenMark Diagnostics continues to be a prominent player in the healthcare industry.
#23 Cepheid
Employees: 2.5K
Revenue: 800M$
Website: https://www.cepheid.com/
Description: Cepheid is a leading company in the Diagnostic Substances industry, specializing in molecular diagnostics and testing systems. Headquartered in Sunnyvale, United States, Cepheid has been at the forefront of developing innovative solutions for healthcare professionals. Since its establishment in 1996, the company has grown significantly and currently employs approximately 2,500 dedicated individuals. With a focus on improving patient outcomes, Cepheid's advanced molecular diagnostic systems enable accurate and rapid detection of various infectious diseases, genetic conditions, and healthcare-associated infections. These systems utilize cutting-edge technologies, such as real-time polymerase chain reaction (PCR) and automated sample preparation, to provide reliable results in a timely manner. Cepheid's commitment to advancing molecular diagnostics has made it a trusted partner for healthcare organizations worldwide.
#22 Ortho Clinical Diagnostics
Employees: 5K
Revenue: 1B$
Website: https://www.orthoclinicaldiagnostics.com/
Description: Ortho Clinical Diagnostics, headquartered in Raritan, United States, is a leading company in the Diagnostic Substances industry. Founded in 1937, the company has established itself as a prominent player in the healthcare sector. With a workforce of approximately 5,000 employees, Ortho Clinical Diagnostics focuses on developing and manufacturing diagnostic products and services. The company's dedication to innovation and quality has enabled it to generate an impressive annual revenue of 1 billion dollars. Ortho Clinical Diagnostics continues to make significant contributions to the healthcare industry through its cutting-edge diagnostic solutions and commitment to improving patient outcomes.
#21 Myriad Genetics, Inc.
Employees: 2.5K
Revenue: 1.1B$
Website: https://www.myriad.com
Description: Myriad Genetics, Inc. is a leading company in the Diagnostic Substances industry. Headquartered in Salt Lake City, United States, Myriad Genetics specializes in providing molecular diagnostic tests that focus on personalized medicine and cancer diagnosis. The company was founded in 1991 and currently employs approximately 2.5 thousand employees. With an annual revenue of 1.1 billion dollars, Myriad Genetics has established itself as a key player in the healthcare sector. Their innovative diagnostic tests and genetic sequencing technologies have revolutionized the way diseases are diagnosed and managed, offering targeted treatment options for patients. Through their dedication to advancing precision medicine, Myriad Genetics continues to make significant contributions to the field of healthcare.
#20 DiaSorin S.p.A.
Employees: 2.5K
Revenue: 1.2B$
Website: https://www.diasorin.com/
Description: DiaSorin S.p.A. is a leading company in the Diagnostic Substances industry, operating from its headquarters in Saluggia, Italy. Founded in 1968, the company has established itself as a key player in the healthcare sector. With a workforce of approximately 2.5 thousand employees, DiaSorin is dedicated to developing and manufacturing innovative diagnostic solutions for a wide range of diseases. The company's revenue stands at around 1.2 billion dollars, reflecting its strong market presence and success. DiaSorin's commitment to advancing healthcare through accurate and reliable diagnostics has made it a trusted partner for laboratories, hospitals, and healthcare professionals worldwide.
#19 QIAGEN N.V.
Employees: 5.1K
Revenue: 1.5B$
Website: https://www.qiagen.com
Description: QIAGEN N.V. is a leading company in the Diagnostic Substances industry. Headquartered in Venlo, Netherlands, the company was founded in 1984. With a workforce of approximately 5.1 thousand employees, QIAGEN is dedicated to providing innovative solutions in the healthcare sector. The company specializes in developing and manufacturing diagnostic products and services that enable researchers and healthcare professionals to identify and analyze DNA, RNA, and proteins. QIAGEN's advanced technologies and solutions are used in various applications, including infectious diseases, oncology, and personalized medicine. With a revenue of 1.5 billion dollars, QIAGEN continues to play a vital role in advancing diagnostic capabilities and improving patient outcomes.
#18 Bruker Corporation
Employees: 6.5K
Revenue: 1.8B$
Website: https://www.bruker.com/
Description: Bruker Corporation, headquartered in Billerica, United States, is a leading company in the Diagnostic Substances industry within the healthcare sector. Founded in 1960, Bruker operates globally and specializes in providing advanced scientific instruments and analytical solutions for various applications. With a workforce of approximately 6,500 employees, the company is dedicated to delivering innovative products that enable scientists and researchers to advance their understanding of complex biological systems. Bruker's diverse range of diagnostic substances includes imaging systems, mass spectrometers, magnetic resonance instruments, and other high-performance scientific tools. This industry leader generates substantial revenue, with annual earnings reaching 1.8 billion dollars. Through its cutting-edge technologies and strong presence in the healthcare sector, Bruker continues to contribute to advancements in diagnostics and research that benefit patients and scientists worldwide.
#17 Exact Sciences Corporation
Employees: 7.5K
Revenue: 2.2B$
Website: https://www.exactsciences.com
Description: Exact Sciences Corporation, headquartered in Madison, United States, is a leading player in the Diagnostic Substances industry. The company was founded in 1995 and currently employs approximately 7,500 people. With a revenue of 2.2 billion dollars, Exact Sciences Corporation specializes in developing and commercializing diagnostics tests for the early detection and prevention of various types of cancer. Their flagship product, Cologuard, is a non-invasive DNA screening test for colorectal cancer, providing patients with an alternative to traditional colonoscopies. Through their innovative technologies and dedicated team, Exact Sciences Corporation continues to make significant contributions to the healthcare industry, improving patient outcomes and saving lives.
#16 BioMérieux SA
Employees: 12K
Revenue: 2.5B$
Website: https://www.biomerieux.com
Description: BioMérieux SA, headquartered in Marcy-l'Étoile, France, is a leading company in the Diagnostic Substances industry. The company was founded in 1963 and currently employs approximately 12,000 people. With a revenue of 2.5 billion dollars, BioMérieux SA specializes in developing and manufacturing in vitro diagnostics for clinical and industrial applications. They offer a wide range of diagnostic solutions, including microbiology, molecular diagnostics, immunoassays, and clinical chemistry. BioMérieux SA's products and services are used by healthcare professionals and laboratories worldwide to detect and identify infectious diseases, cancer markers, and drug-resistant microorganisms, among other applications. With a strong focus on innovation, BioMérieux SA plays a vital role in improving patient care and public health through their advanced diagnostic solutions.
#15 Bio-Rad Laboratories, Inc.
Employees: 8K
Revenue: 2.5B$
Website: https://www.bio-rad.com/
Description: Bio-Rad Laboratories, Inc. is a leading company in the Diagnostic Substances industry. Headquartered in Hercules, United States, Bio-Rad has been at the forefront of providing innovative solutions for healthcare diagnostics since its founding in 1952. With a strong team of approximately 8,000 employees, the company has established itself as a trusted partner in the healthcare sector. Bio-Rad's focus on diagnostic substances allows them to develop and manufacture a wide range of high-quality products used in clinical laboratories worldwide. Their portfolio includes products for blood typing, infectious disease testing, autoimmune testing, and many other areas. With annual revenue of 2.5 billion dollars, Bio-Rad continues to drive advancements in diagnostic testing, contributing to improved patient care and outcomes.
#14 Sysmex Corporation
Employees: 9.5K
Revenue: 2.7B$
Website: https://www.sysmex.co.jp/en/
Description: Sysmex Corporation, headquartered in Kobe, Japan, is a leading player in the Diagnostic Substances industry. Since its founding in 1968, the company has been at the forefront of providing innovative healthcare solutions. With a workforce of approximately 9,500 employees, Sysmex offers a wide range of diagnostic instruments, reagents, and software to support clinical laboratories worldwide. The company's products and services contribute to the accurate and efficient diagnosis of diseases, including blood disorders, cancer, and infections. Sysmex Corporation is committed to advancing healthcare through cutting-edge technology and research, continuously striving to improve patient outcomes and quality of life.
#13 PerkinElmer, Inc.
Employees: 13K
Revenue: 2.9B$
Website: https://www.perkinelmer.com/
Description: PerkinElmer, Inc. is a leading company in the Diagnostic Substances industry. Headquartered in Waltham, United States, the company was founded in 1937. With a workforce of approximately 13,000 employees, PerkinElmer operates globally to provide innovative solutions in the healthcare sector. The company specializes in developing and manufacturing diagnostic instruments, consumables, and software for various applications, including prenatal and neonatal screening, infectious disease testing, and genetic testing. PerkinElmer's cutting-edge technologies enable accurate and efficient diagnostics, helping healthcare professionals make informed decisions and improve patient outcomes. With an annual revenue of 2.9 billion dollars, PerkinElmer continues to drive advancements in the Diagnostic Substances industry and contribute to the overall healthcare landscape.
#12 PerkinElmer Health Sciences, Inc.
Employees: 14K
Revenue: 3B$
Website: https://www.perkinelmer.com/
Description: PerkinElmer Health Sciences, Inc., headquartered in Waltham, United States, is a leading company in the Diagnostic Substances industry. Founded in 1937, the company has grown to employ approximately 14,000 employees worldwide. With annual revenue of 3 billion dollars, PerkinElmer Health Sciences offers a wide range of innovative solutions and services in the healthcare sector. The company's focus is on developing and manufacturing diagnostic substances that are used in various medical applications such as clinical laboratory testing, drug discovery, and prenatal screening. PerkinElmer Health Sciences is committed to improving global health outcomes by providing advanced diagnostic tools to healthcare professionals and researchers. Through its cutting-edge technologies and extensive expertise, the company plays a crucial role in advancing the field of healthcare diagnostics.
#11 Illumina, Inc.
Employees: 7.5K
Revenue: 3.5B$
Website: https://www.illumina.com
Description: Illumina, Inc., headquartered in San Diego, United States, is a leading company in the Diagnostic Substances industry. Founded in 1998, the company has grown to employ approximately 7,500 individuals. With a revenue of 3.5 billion dollars, Illumina is a major player in the healthcare sector. The company is focused on developing and manufacturing innovative solutions for genetic analysis. Illumina's products and services enable researchers, clinicians, and laboratories to analyze and interpret genetic variations, helping in the diagnosis and treatment of diseases. With its cutting-edge technologies and platforms, Illumina is revolutionizing genetic research and personalized medicine, contributing to advancements in healthcare worldwide.
#10 Hologic, Inc.
Employees: 6.5K
Revenue: 3.5B$
Website: https://www.hologic.com/
Description: Hologic, Inc. is a leading healthcare company operating in the Diagnostic Substances industry. Headquartered in Marlborough, United States, Hologic specializes in developing and manufacturing diagnostic and medical imaging systems. With a workforce of approximately 6.5 thousand employees, the company has been at the forefront of providing innovative solutions for various healthcare needs. Since its establishment in 1985, Hologic has continuously expanded its product portfolio, which includes cutting-edge technologies for breast health, diagnostics, gynecological health, and skeletal health. The company's revenue stands at around 3.5 billion dollars, showcasing its significant presence and success within the industry.
#9 Agilent Technologies, Inc.
Employees: 16.5K
Revenue: 5.2B$
Website: https://www.agilent.com
Description: Agilent Technologies, Inc. is a leading company in the Diagnostic Substances industry within the Healthcare sector. Headquartered in Santa Clara, United States, Agilent Technologies specializes in providing innovative solutions for diagnostics, measurement, and analysis. With a workforce of approximately 16,500 employees, the company has been at the forefront of advancing precision medicine and personalized healthcare. Since its establishment in 1999, Agilent Technologies has achieved significant growth and success, generating an annual revenue of around 5.2 billion dollars. Through its cutting-edge technologies and comprehensive portfolio of products, Agilent Technologies continues to contribute to advancements in healthcare and improve patient outcomes worldwide.
#8 Quest Diagnostics Incorporated
Employees: 48K
Revenue: 7.7B$
Website: https://www.questdiagnostics.com
Description: Quest Diagnostics Incorporated is a leading provider of diagnostic testing, information, and services in the healthcare industry. Based in Secaucus, United States, the company operates in the Diagnostic Substances industry. Founded in 1967, Quest Diagnostics has grown to become a trusted name in laboratory testing, offering a comprehensive range of diagnostic testing services to healthcare providers, patients, and employers. With a workforce of approximately 48,000 employees, the company is committed to providing accurate and timely results, helping to facilitate better patient care and disease management. Quest Diagnostics generates annual revenue of 7.7 billion dollars, solidifying its position as a key player in the diagnostic substances sector.
#7 Siemens Healthineers AG
Employees: 50K
Revenue: 15B$
Website: https://www.siemens-healthineers.com
Description: Siemens Healthineers AG, headquartered in Erlangen, Germany, is a leading company in the Diagnostic Substances industry. Founded in 1847, the company has a rich history of providing innovative healthcare solutions. With approximately 50,000 employees, Siemens Healthineers is committed to improving medical diagnostics and patient care. The company offers a wide range of diagnostic imaging and laboratory diagnostics products and services, including imaging systems, clinical chemistry analyzers, and point-of-care testing devices. Siemens Healthineers is dedicated to advancing healthcare through cutting-edge technology and research, and it continues to be a trusted partner in the healthcare industry. With a revenue of 15 billion dollars, Siemens Healthineers is a major player in the global market, driving advancements in healthcare delivery and patient outcomes.
#6 Becton, Dickinson And Company
Employees: 76K
Revenue: 17B$
Website: https://www.bd.com
Description: Becton, Dickinson And Company (BD) is a leading global medical technology company operating in the Diagnostic Substances industry. Headquartered in Franklin Lakes, United States, BD has a history dating back to 1897. With a workforce of approximately 76,000 employees, BD is committed to advancing the world of health by providing innovative solutions in healthcare. The company's revenue stands at around 17 billion dollars, driven by its diverse portfolio of medical devices, laboratory equipment, diagnostic products, and molecular diagnostics. BD's comprehensive range of products and services enables healthcare professionals to improve patient outcomes, enhance laboratory efficiency, and streamline healthcare delivery. Through continuous innovation and strategic partnerships, BD remains at the forefront of the Diagnostic Substances industry, addressing the evolving needs of healthcare providers worldwide.
#5 Danaher Corporation
Employees: 79K
Revenue: 22B$
Website: https://www.danaher.com
Description: The Danaher Corporation, based in Washington, D.C., United States, is a prominent player in the Diagnostic Substances industry. Founded in 1969, the company has grown to become a global leader in providing innovative solutions for the healthcare sector. With a workforce of approximately 79,000 employees, Danaher Corporation operates with a focus on diagnostic substances, contributing to the advancement of medical diagnostics and research. The company's revenue stands at an impressive 22 billion US dollars, showcasing its significant presence in the industry. Through its cutting-edge products and technologies, Danaher Corporation continues to make substantial contributions to the healthcare field, improving patient outcomes and driving advancements in diagnostics.
#4 Thermo Fisher Scientific Inc.
Employees: 75K
Revenue: 24B$
Website: https://www.thermofisher.com
Description: Thermo Fisher Scientific Inc., headquartered in Waltham, United States, is a leading company in the Diagnostic Substances industry. Established in 2006, the company has grown to become a major player in the healthcare sector. With a workforce of approximately 75,000 employees, Thermo Fisher Scientific operates globally to provide innovative diagnostic solutions. The company's revenue stands at an impressive 24 billion dollars, solidifying its position as a key contributor to the industry. Thermo Fisher Scientific is dedicated to developing and manufacturing a wide range of diagnostic substances, contributing to advancements in healthcare and improving patient outcomes worldwide.
#3 Abbott Laboratories
Employees: 109K
Revenue: 34.6B$
Website: https://www.abbott.com/
Description: Abbott Laboratories, headquartered in Abbott Park, United States, is a leading company in the Diagnostic Substances industry. Founded in 1888, Abbott Laboratories has established itself as a key player in the healthcare sector. With a workforce of approximately 109,000 employees, the company operates globally to develop, manufacture, and market a wide range of diagnostic products and medical devices. Abbott Laboratories is committed to improving healthcare outcomes by delivering innovative solutions in areas such as diagnostics, cardiovascular care, diabetes care, nutrition, and pharmaceuticals. With a revenue of 34.6 billion dollars, Abbott Laboratories continues to drive advancements in diagnostic substances to support better patient care and contribute to the overall well-being of individuals worldwide.
#2 F. Hoffmann-La Roche Ltd
Employees: 97K
Revenue: 61.5B$
Website: https://www.roche.com/
Description: F. Hoffmann-La Roche Ltd, headquartered in Basel, Switzerland, is a leading company in the Diagnostic Substances industry. Founded in 1896, Roche has established itself as a global pioneer in healthcare, specializing in pharmaceuticals and diagnostics. With a workforce of approximately 97,000 employees, Roche operates in over 100 countries, delivering innovative solutions for patients worldwide. The company's revenue reached a remarkable 61.5 billion US dollars, reflecting its strong presence and success in the industry. Roche's commitment to improving healthcare outcomes is evident through its continuous research and development efforts, focusing on personalized medicines, oncology, infectious diseases, and more. Through its diagnostic division, Roche provides a wide range of products and solutions, including laboratory tests and diagnostic equipment, enabling healthcare professionals to make accurate diagnoses and tailored treatment decisions.
#1 Roche Holding AG
Employees: 97K
Revenue: 61.5B$
Website: https://www.roche.com/
Description: Roche Holding AG, headquartered in Basel, Switzerland, is a leading player in the Diagnostic Substances industry. Founded in 1896, Roche has established itself as a global leader in healthcare, with a focus on diagnostics and pharmaceuticals. With a workforce of around 97,000 employees, Roche is dedicated to improving patients' lives through innovative healthcare solutions. The company's revenue stands at an impressive 61.5 billion dollars, making it one of the top players in the industry. Roche's commitment to research and development has led to groundbreaking advancements in diagnostics, enabling early detection and personalized treatment of diseases. Through its comprehensive portfolio of diagnostic products, Roche continues to drive advancements in precision medicine and improve patient outcomes worldwide.
Summary
The analysis of the top companies in the Diagnostic Substances sub-industry of Healthcare reveals some interesting takeaways. These companies have been ranked based on their significant accomplishments and contributions to the field.
One unexpected finding is the rapid growth and innovation within this sub-industry. The demand for diagnostic substances has increased significantly in recent years, leading to the emergence of several successful companies.
Among the premier companies in this sub-industry are Company A, Company B, and Company C. These companies have achieved remarkable success and have a strong presence in the market.
One shared element among these leading firms is their commitment to research and development. They invest heavily in cutting-edge technology and scientific advancements to develop new diagnostic substances.
What sets these eminent companies apart from their industry rivals is their focus on personalized medicine. They understand the importance of tailoring diagnostic substances to individual patients, leading to more accurate and effective treatments.