The diagnostics and research industry has witnessed significant growth over the past few years due to the integration of advanced technologies and analytics in detecting chronic diseases at their early stages. Growing investments in this space and increasing demand from an aging population should drive the industry’s growth. The clinical diagnostics market is expected to grow at a 6.1% CAGR to reach $99.05 billion by 2027.
IQVIA Holdings Inc. (IQV) and Mettler-Toledo International Inc. (MTD) are two prominent players in the diagnostics and research industry. IQV provides advanced analytics, technology solutions, and clinical research services to the life sciences industry. It offers clinical development strategies, therapeutic expertise, predictive and prescriptive analytics, and patient retention services. It serves pharmaceutical, biotechnology, diagnostic, and consumer health companies. On the other hand, MTD manufactures and markets precision, weighing, and analytical instruments for laboratory, industrial, packaging, logistics, and food retailing applications. It also supplies end-of-line inspection systems used in food production, packaging, pharmaceutical, and other industries. It markets its products through its direct sales force and indirect distribution channels.
