PerkinElmer Inc

PerkinElmer Inc Overview

Company Headquarters: US

Founded: 1937

Workforce: ~13,000

Company Address: PerkinElmer Inc, 331 Treble Cove Rd, Billerica, Massachusetts, 01862 US.

Contact Details: Product Sales: California (1-408-232-0653); Puerto Rico (1-787 783 3067); Connecticut (1-203-905-4600); Investor Relation Contact (ir@perkinelmer.com Tel: (781) 663 6900, Address: 940 Winter Street, Waltham, MA 02451 US)

Company Working: PerkinElmer Inc (PerkinElmer) is largely engaged in providing solutions to diagnostics, delivery, and analytical solutions markets. The company deals in creating innovative solutions for better and fast diagnosis of various health issues worldwide. It pioneers in scientific technologies for better detection, imaging, and informatics. The company serves its customers in over 150 countries. PerkinElmer has nearly 3,500 patents active and operates in clinical research, life sciences, food, environmental, and industrial markets.

Strategy

PerkinElmer is focused on expanding its healthcare business unit with new product developments and successful launches in the coming years. Apart from this, the company aims at enhancing its R&D capabilities by manufacturing innovative products. The company focuses on optimizing the cost of capital based on market conditions and invests in untapped markets. It strives to build an efficient capital structure and strong shareholder returns by enhancing its product portfolio.

Company Snapshot

$2,105M

Revenue

13,000

Employees

1937

Founded

US

Headquarters

SWOT Analysis

Strengths

Unique set of offerings for customers
Well developed distribution channel
Leading market position
Strong performance in drug discovery sales and informatics business
Focused marketing efforts
Successful product development incorporating innovation
Partnerships with healthcare providers
Growing adoption of company’s products
Successful product developments incorporating innovation
Partnerships with healthcare service providers
Growing ownership and popularity of company’s products

Weaknesses

The company sells products and accessories predominantly through its direct sales force. As a result, the use of distributors is generally limited to geographic regions where the company has no direct sales force.
Low presence in emerging markets
Dependent on individual suppliers for a number of precursor products, packaging materials, and finished goods
Do not introduce new products in a timely manner
No recent developments related to the market
Limited product line for scientific and medical instruments
Limited product line

Opportunities

Expanding its global products and services offering and maintaining superior product quality
Expansion of spectral CT products
Disposition of businesses and assets
Mergers and acquisitions to brace position in the market
Mergers and acquisitions to strengthen market position

Threats

Economic, political, and other risks associated with foreign operations could adversely affect the international sales and profitability
Changes in governmental regulations may reduce the demand for products or increase expenses.
Huge competition in the medical diagnostics industry
Volatility in exchange rates
High competition from other players can affect the company’s market share
High competition from other players affecting the company’s market share

Key Developments

Date	Approach	Development
May 2018	Acquisition	Perkin Elmer acquired Shanghai Spectrum Instruments Co Ltd, a leading manufacturer of analytical instruments in China to expand its own analytical instrument offerings in China and other emerging countries. This acquisition also helped in enhancing the company’s research and development capabilities in the atomic absorption technology.

Product Offering

PerkinElmer Inc
- Solutions
- Biomarker Detection

Financial Performance

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