THE DARK REPORT’s Ranking of 2019’s Top 10 IVD Companies

Each year’s rankings show how acquisitions are a major way the biggest firms get bigger

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One trend continues to reshape the in vitro diagnostics (IVD) industry year after year: acquisitions. 

Since the 1990s, the biggest IVD companies have frequently used acquisitions to boost their revenue and keep shareholders happy. But acquisitions have another consequence. The clinical laboratories and anatomic pathology groups buying instruments, automation, and test kits from one IVD firm might suddenly find that IVD company acquired by a competitor. Now these lab customers must deal with a new corporate entity. 

Disruptive Acquisitions 

They see their long-standing relationships with service reps and sales people end, as the acquiring company integrates its acquisition and cuts back the sales and service teams of the acquired company. This is one way that IVD acquisitions can be disruptive to the lab customers of the acquired firm. 

There is a useful way to track how the market shares of the major IVD companies shift from one year to the next because of acquisitions and other developments. That is to rank the top IVD companies by revenue and compare their individual revenues to each other and to the total global sales of IVD products. 

Until now, it has been difficult for most clinical laboratory administrators and pathologists to see a ranked list of the largest IVD corporations. Such lists have not been published in the lab trade press. 

These rankings generally have only been available by spending several hundred or several thousand dollars on an IVD industry report prepared by one of the many financial analysts who sell this information to professional investors. 

First Top 10 IVD Ranking 

This year, The Dark Report is commencing coverage of the IVD industry as a complement to our regular coverage of clinical laboratories and anatomic pathology groups. Below is The Dark Report’s ranking of the Top 10 Global IVD Companies for 2019. 

The number one ranking is no surprise. The diagnostics business of Roche Holdings has been the world’s largest IVD company for decades. Similarly, Abbott Laboratories has held the number two slot for many years. 

What may surprise many lab managers is the position of Danaher Corporation as the number three biggest IVD company in the world. In recent years, it has been an active acquirer. Its biggest IVD division is Beckman Coulter. It also owns Cepheid, Leica Biosystems, and Radiometer. The other companies on the list are familiar to most lab professionals. 

The next annual ranking will be for 2020. That ranking will be compiled after the publicly-traded IVD corporations report their fourth quarter 2020 and full-year 2020 earnings next year. 

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