Revenue Growth Benchmarks
Top-line performance metrics of companies across industries and countries
Top 10 Diagnostic Medical Device Companies
Of the top 10 diagnostic device companies, 7 posted a decrease in sales in the previous fiscal period. Even for the remaining majority, the growth was moderate at 3-6%. However, over the 3-year period, most companies grew at an average growth rate of 15%. The market was led by companies such as Thermo Fisher, Abbott and Danaher which collectively generated over $100 Bn in revenues in last 12 months, approximately 8% decline.
[ 1: LTM Sales in USD Biliion | Red Shading: Companies with negative growth in period | Green Shading: Top 2 companies by growth rank in period ]
| Company | HQ | Reported | Latest | LTM | year-on-year % | CAGR | Growth Rank | ||||||||||||
| Currency | FQ | Sales1 | 3m | 6m | 9m | ltm | 1y | 2y | 3y | 5y | 6m | LTM | 3ycagr | 5ycagr | |||||
| Thermo Fisher Scientific Inc | USA | USD | 2023-12 | 42.86 | -4.9% | -3.0% | -2.9% | -4.6% | -4.6% | 4.5% | 10.0% | 12.0% | 5 | 4 | 4 | 3 | |||
| Abbott Laboratories | USA | USD | 2023-12 | 40.11 | 1.5% | -0.6% | -4.4% | -8.1% | -8.1% | -3.5% | 5.0% | 5.6% | 3 | 5 | 6 | 5 | |||
| Danaher Corp | USA | USD | 2023-12 | 23.89 | -23.9% | -14.6% | -11.8% | -10.3% | -10.3% | -1.9% | 2.3% | 7.0% | 8 | 8 | 8 | 4 | |||
| GE HealthCare Technologies Inc | USA | USD | 2023-12 | 19.55 | 5.4% | 5.4% | 6.1% | 6.6% | 6.6% | 5.4% | 4.4% | na | 1 | 1 | 7 | - | |||
| Becton Dickinson & Co | USA | USD | 2023-12 | 19.49 | 2.6% | 4.8% | 4.9% | 4.0% | 2.7% | 0.6% | 6.4% | 3.9% | 2 | 3 | 5 | 8 | |||
| Hologic Inc | USA | USD | 2023-12 | 3.97 | -5.7% | -3.4% | -2.9% | -11.1% | -17.1% | -15.4% | 2.2% | 4.6% | 6 | 9 | 9 | 7 | |||
| QuidelOrtho Corp | USA | USD | 2023-12 | 3.00 | -14.3% | -9.9% | -4.9% | -8.2% | -8.2% | 32.8% | 21.7% | 41.8% | 7 | 6 | 3 | 1 | |||
| Qiagen NV | NLD | USD | 2023-12 | 1.97 | 2.2% | -1.3% | -2.2% | -8.2% | -8.2% | -6.6% | 1.7% | 5.5% | 4 | 7 | 10 | 6 | |||
| OraSure Technologies Inc | USA | USD | 2023-12 | 0.41 | -38.3% | -31.1% | -21.7% | 4.6% | 4.6% | 31.7% | 33.2% | 17.4% | 9 | 2 | 2 | 2 | |||
| Cue Health Inc | USA | USD | 2023-12 | 0.06 | -88.1% | -84.9% | -86.6% | -86.5% | -86.5% | -67.7% | 61.0% | na | 10 | 10 | 1 | - | |||
| Source: Annual Filings, Company Website | |||||||||||||||||||