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This statistic highlights Danaher’s Revenue by Product Category, split across Analytical & Physical Instrumentation, Product Identification and Research & Medical products.
|Revenue by Product Category||2018||2019||2020||Contribution in 2020|
|Analytical and Physical Instrumentation||$2.437||$2.464||$2.443||10.96%|
|Research and Medical Products||$12.686||$13.512||$17.979||80.68%|
(All figures are in billions, except percentages)
Danaher’s total revenue increased from $17.049 billion to $22.284 billion, from 2018 to 2020, leading to a 30.7% growth in revenue in a span of 2 years. The revenue also grew by $4.373 billion, marking a 24.4% growth in revenue on a year-on-year basis, from $17.911 billion in 2019 to $22.284 billion in 2020.
Covid-19 impacted certain parts of this business and it continues to be a risk as it is highly uncertain. Its spread led to restrictions and hence disruption in business activities globally. The demand for various products reduced and there were constraints on the movement of the products. There was increased cybersecurity attack and adverse impact on the workforce too. The response to covid-19 is different depending upon various geographical locations. The company has also designed protocols to ensure the health and safety of its employees. The company developed a covid-19 testing kit too and is providing support to many companies producing covid-19 vaccines. Though, the company also saw an increase in revenue from the Covid-19 related segments.
The revenue of the company can be further bifurcated into the following product categories:
Analytical & Physical Instrumentation
The diagnostic segment of the company offers many analytical instruments and this product line was increased in 2020. The sales in this product category increased as the demand in Europe and China increased more than the decrease in sales in North America.
The total revenue from this product category grew from $2.437 billion to $2.443 billion, from 2018 to 2020, marking a growth of about 0.25% in revenue. From 2018 to 2019, the revenue from this segment increased by 1.10%, from $2.437 billion to $2.464 billion. On the other hand, the revenue fell by $0.021 billion, from $2.464 billion in 2019 to $2.443 billion in 2020, leading to a fall of approximately 0.85% in the company’s revenue in a year. This segment had a share of 11% of the company’s revenue in 2020.
This category provides software, services, and other instruments for printing, marketing, appearance, packaging purposes, and coding for consumer, pharmaceutical as well as industrial products. The company acquired various businesses like Videojet, Willett International, Blue Software, and many more to enter into this line. The main consumers are the producers of paints, textiles, pharmaceuticals, graphic design firms, and many others.
This category had the least contribution of 8.4% in the company’s revenue in 2020. The revenue fell from $1.926 billion to $1.862 billion from 2018 to 2020, representing a 3.3% fall over a period of 2 years. The revenue also fell by $0.073 billion, from $1.935 billion in 2019 to $1.862 billion in 2020, marking a 3.8% fall in revenue in a year.
Research & Medical Products
The products from this category had the highest share of 80.7% of the company’s revenue. The revenue from this category increased from $12.686 billion to $17.979 billion, marking a growth of approximately 41.7% over 2 years, from 2018 to 2020. The revenue also grew by $4.467 billion, from $13.512 billion in 2019 to $17.979 billion in 2020, representing a 33% growth in revenue in just a year.
Danaher is helping customers globally with complex challenges through its innovative science and technology solutions. The company is a leader in life sciences, diagnostics as well as environmental areas through more than 20 operating companies. The company’s manufacturing, sales, R&D, and service facilities are spread across more than 60 countries. The company had the maximum sales in North America (the US), which make up 40% of the total sales of the company alone.
The idea behind the company originated in the 1980s and the company has been operating ever since. The company has evolved into a science innovator from its industrial-oriented approach. The company continuously expands its portfolio and acquires new and attractive businesses and also disposes of the businesses that don’t fit with its strategic plans. The company believes in strengthening its competitive edge by continuous application of DBS tools, enhancing its portfolio, and constantly attracting as well as retaining outstanding talent. DBS here stands more broadly for a culture based on Kaizen, innovations, customer satisfaction, and enhancing the value for the shareholders.
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