Thermo Fisher Scientific’s Revenue by Region (2017-2023)

This statistic highlights Thermo Fisher Scientific’s Revenue by Region, split across China, United States and Other regions, reported on a quarterly basis from Q1 2017 onwards.

Thermo Fisher Scientific’s Revenue by Region

(All figures are in billions, except percentages)

The total revenue generated by  Thermo Fisher Scientific rose from $8.51 billion in Q3 2020 to $9.33 billion in Q3 2021 marking an increase of $0.82 billion, i.e., 9.63% on yearly basis. It also grew from $9.27 billion in Q2 2021 to $9.33 billion in Q3 2021, marking a rise of 6% on a quarterly basis.

China

China is one of the most rapidly growing economies and hence, it is considered a key benefactor in the victory of the company. Thermo Fisher Scientific has achieved its functioning for about 35 years of existence in China. The company has its operations in various parts of China including Shanghai, Beijing, Hong Kong, Chengdu, Shenyang, Guangzhou, and Suzhou.

China adds 9.54% percent of the total revenue to the company as of Q3 2021. The revenue from the China region grew from $0.82 billion in Q3 2020 to $0.89 billion in Q3 2021, marking a growth of 8.5% on a year-on-year basis. The revenue also increased quarterly by 12% between Q2 2021 and Q3 2021.

United States

Thermo Fisher Scientific is a global leader in science and technology. The company has offices and conducts its operations prominently in the US. The United States contributes approximately 48% of the total revenue to the company.

The revenue from the United States region increased from $4.43 billion in Q3 2020 to $4.49 billion in Q3 2021 marking a rise of 9.6% on a year-on-year basis. It also rose between Q2 2021 and Q3 2021 by $0.13 billion, i.e., approximately by 3% on a quarterly basis.

Other

Thermo Fisher Scientific has offices and functions all around the globe. It is spread to almost 50 countries in the world. It has offices in the EMEA and APAC regions which contribute 42.33% of the total revenue to the company.

The revenue from Other regions rose from $3.26 billion in Q3 2020 to $3.95 billion in Q3 2021, which marks a 21.65% rise on a year-on-year basis. Whereas, it declined between Q2 2021 and Q3 2021 by 0.17 billion, i.e., 4.12% quarterly.

About the Company

Thermo Fisher Scientific Inc. is a public company that was incorporated in 1956. Its headquarters are established in Waltham in the United States. Now, the products and services of the company are sold under the logos of Fisher Scientific (est. 1902), Thermo Electron (est. 1956), the reason being the merger between both the companies which occurred in May 2006. The company allows consumers to create a progressive, secure and, cleaner world. It’s a worldwide distributor of empirical mechanisms, analytes and consumables, and operating system services.

Thermo Fisher Scientific is famous for its popular products which comprise Real-Time PCR, Vanquish core HPLC solutions, and Ultra low-temperature freezer. It has also contributed to the research methodology for the COVID-19, including products for diagnostic testing, research, clinical trials, manufacturing, and distribution of the vaccine. The services sector also organizes various seminars and webinars related to healthcare, life sciences, experimental planning, etc. This public company is traded at the NYSE under the ticker symbol TMO.

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