Healthcare

Bio-Rad Laboratories, Inc.

Company Profile Analysis

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Bio-Rad Laboratories, Inc. - Healthcare showcase

Year Founded & Workforce

1951-12-31

8,200 Employees

Industry

Healthcare

Services

B

Bio-Rad Laboratories, Inc. Overview

Company Headquarters: California, US

Founded: 1952

Workforce: ~8,200

Company Working: Bio-Rad Laboratories, Inc (Bio-Rad) provides the healthcare industry with innovative and useful products that help life science researchers accelerate the discovery process and medical diagnostic labs obtain faster & better results. The company provides instruments, software, consumables, reagents, and content in the areas of cell biology, gene expression, protein purification, and protein quantitation. It also offers products for drug discovery & manufacture, food safety and environmental quality testing, and science education. Its products & solutions are based on technologies to separate, purify, identify, analyze, and amplify biological materials such as antibodies, proteins, nucleic acids, cells, and bacteria. The company operates through three business segments: clinical diagnostics, life science, and others. Moreover, the firm has a strong presence across North America, Europe, and Asia-Pacific.

Strategy

Bio-Rad Laboratories, Inc aims to create a genome editing tools pipeline, starting with ddPCR. Bio-Rad focuses on the development of high-quality and useful products catering to healthcare professionals to speed up the diagnostics process and help achieve better results. It also emphasizes offering high-value products and services that assist medical advancements and scientific research. It focuses on enhancing biopharma attention, increasing revenue growth through key product names, and continual portfolio reorganization. Moreover, it also seeks to increase topline and profitability by using cash for strategic acquisitions.

Company Snapshot

$2,311.7M

Revenue

8,200

Employees

1951-12-31

Founded

California, US

Headquarters

SWOT Analysis

Strengths

  • Strong global presence
  • Strong workforce
  • Strong brand presence around the world in the form of advertising media
  • Wide product portfolio
  • Innovative products
  • New product approvals
  • Innovative and successful product development
  • Strong global presence with distribution channels in 35+countries
  • Strong research and development department with around USD 200 million R&D funds
  • Superior COIVD-19 immunoassay products provide fast result
  • Wide distribution network
  • Excellent research and development capabilities
  • Strong brand name
  • Strong global presence in 35 countries

Weaknesses

  • Product recall in the past years
  • Limited presence outside the US
  • Product recall in the past years is disturbing financial stability and hampering the brand image
  • Dependency on clinical diagnosis segment for revenue generation
  • Dependence on key clinical diagnostic segment for revenue generation
  • Controversies regarding issue of the safety of drugs affects the company’s image

Opportunities

  • Opportunities to increase its market penetration in the healthcare sector
  • Increasing mergers and acquisitions activities
  • Enhancing the product portfolio by launching new products
  • Collaborations with research institutes and biopharmaceutical companies to expand geographical boundaries
  • Opportunities to increase its market penetration in the other sector in the healthcare industry
  • Mergers and acquisitions to expand the diagnosis products portfolio
  • Collaboration with start-ups
  • Opportunities in order to increase its market penetration in the genome editing sectors in the healthcare industry

Threats

  • Growing competition from global market players
  • Stringent government regulations
  • High R&D expenses
  • Intense competition
  • Fluctuating foreign exchange rates

Key Developments

DateApproachDevelopment
May 2018Product LaunchBio-Rad Laboratories, Inc. expedites disease biomarker discovery and drug development with the launch of the Bio-Plex Pro human cytokine screening panel. It is the first validated high-performance multiplex assay in the market.
April 2020Product LaunchBio-Rad launched a blood-based immunoassay kit for the identification of antibodies to the SARS-CoV-2, the virus which is caused Covid-19.

Product Offering

  • Bio-Rad Laboratories, Inc.
    • Immunoassay Controls
    • Bio-Plex
    • Premade Bio-Plex Assays & Kits
    • Western Blotting
    • Clinical Diagnostics
    • Life Science
    • Immunoassay Systems
    • Gene Editing

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Bio-Rad Laboratories, Inc. as part of our ongoing coverage of the Healthcare sector, drawing on public company data, filings, and market intelligence.

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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
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Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Bio-Rad Laboratories, Inc.

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