Danaher Corp’s Revenue by Segment (2016-2023)

This statistic highlights Danaher Corp’s Revenue by Segment, split between Diagnostics, Environmental and Applied Solutions, and Life science, reported on a quarterly basis from 2016 Q1 onwards.

Danaher Corp’s Revenue by Segment

(All figures in millions, except percentages)

Danaher’s revenue has been increasing over the years. The revenue grew 50.24% from $4,811.6 million in Q2 2020 to $7,229 million in Q3 2022. On a quarter-on-quarter basis, the revenue generated grew from $4,811.60 million in Q3 2020 to $7,229 million in Q3 2021, making an increment of 50.24%. Quarterly, it grew by a slight 0.15%, as compared to $7,218 million in Q2 2021.

Diagnostics

The company’s Diagnostics business provides analytical instruments, reagents, consumables, software, and services that are used to diagnose disease and make treatment decisions in hospitals, physicians’ offices, reference laboratories, and other critical care settings. Danaher launched its diagnostics business in 2004 with the purchase of Radiometer, and it has since grown through numerous acquisitions.

The revenue generated from this segment grew by 29.63% yearly, from $1,889.1 million in Q3 2020 to $2,449 million in Q3 2021. Quarterly, it witnessed a rise of 4.83%, as compared to $2,336 million in Q2 2021. However, the contribution to total revenue fell from 39.26% in Q3 2020 to 33.88% in Q3 2021.

Environmental and applied solutions

The company’s Environmental & Applied Solutions segment provides products and services that assist in the protection of vital resources and ensure the safety of global food and water supplies.The following businesses make up the Environmental & Applied Solutions segment of the company:

Water Quality—Instrumentation, consumables, software, services, and disinfection systems are used to assess, treat, and manage the quality of the ultra-pure, drinkable, industrial, waste, ground, source, and ocean water in residential, commercial, municipal, industrial, and natural resource applications.

Product Identification—The Company’s product identification business is a leading provider of instruments, software, services, and consumables for consumer, pharmaceutical, and industrial product color and appearance management, packaging design, quality control, marking, printing and traceability applications.

In Q3 2020, this segment generated no revenue.There was neither an increase nor a decrease in the revenue generated from this segment as it generated $1,148 million in both Q2 2021 and Q3 2021. However, there was a slight decline in contribution to revenue mix, from 15.9% in Q2 2021 to 15.88% in Q3 2021.

Life Science

The revenue generated grew by 27.78% from $2,922.5 million in Q3 2020 to $3,734 million in Q2 2021. However, it fell by 2.73% on a quarterly basis, to Q3 2021 where the revenue generated was $3,632 million. The contribution rose from $2,922.5 million in Q3 2020 to $3,632 million in Q3 2021, making an increment of 24.27% on a year-on-year basis.

Customers typically employ the Company’s Life Sciences segment’s instruments and consumables to investigate the basic building blocks of life, such as genes, proteins, metabolites, and cells, to understand illness causes, find new therapies, and test and manufacture new medications and vaccines.

About Danaher

Steven M. and Mitchell P. Rales, the company’s founders, envisioned a business that would provide long-term value for customers, employees, and shareholders in the early 1980s. Danaher has developed from a more industrial-oriented corporation to the scientific and technology innovator it is today through a series of acquisitions and divestitures. While the operating entities that make up Danaher have evolved, DBS remains the company’s driving principle.

Danaher is a global science and technology company dedicated to assisting clients in overcoming complex challenges and increasing the global quality of life. Danaher is made up of more than 20 active firms in the life sciences, diagnostics, environmental, and applied industries, structured into three parts – Life Sciences; Diagnostics; and Environmental & Applied Solutions. The company’s businesses are also often defined by a high degree of products and services that are sold regularly, primarily through a direct sales model and to a geographically diversified customer base, and are united by the DANAHER BUSINESS SYSTEM (“DBS”).

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