Integration of advanced technologies and the surging need for devices to analyze the early development and progression of critical diseases have allowed the diagnostics and research industry to grow significantly over the years. Rising investments in the industry have helped companies improve their product portfolios to provide an enhanced experience to medical practitioners and patients. The clinical diagnostics market is expected to grow at a 6.1% CAGR to reach $99.05 billion by 2027. So, both TMO and A should benefit.
Thermo Fisher Scientific Inc. (TMO) and Agilent Technologies, Inc. (A) are two prominent healthcare companies engaged in the diagnostics and research industry. TMO offers life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and services. It serves pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions, and government agencies. A provides core bio-analytical and electronic measurement solutions to the life diagnostics and applied chemical markets. It offers electronic and bio-analytical measurement, semiconductor, and board testing.
