Thermo Fisher Scientific (TMO)

Competitors to Thermo Fisher Scientific (TMO)

Abbott Laboratories 

Abbott Laboratories competes with Thermo Fisher Scientific primarily in the areas of diagnostics, medical devices, and life sciences, leveraging its extensive portfolio in point-of-care testing and lab services. Both companies are heavily invested in innovation, but Abbott's strength lies in its well-established presence in the healthcare sector and its ability to deliver rapid diagnostic solutions. As a result, Abbott is often seen as a strong competitor in the global diagnostics market, particularly during health crises like pandemics where swift testing becomes critical.

Agilent Technologies 

Agilent Technologies competes directly with Thermo Fisher Scientific in the analytical instruments market, including biotechnology and chemical analysis. Agilent excels in providing high-performance scientific instruments and software solutions, gaining a competitive edge through its strong emphasis on innovation and customer support. However, Thermo Fisher's diverse product lineup and comprehensive range of services in molecular biology and clinical diagnostics give it a broader footprint, allowing it to remain a more dominant player overall.

Bio-Rad Laboratories 

Bio-Rad Laboratories competes with Thermo Fisher Scientific in the life sciences research and clinical diagnostics sectors. Both companies offer a wide array of products for scientific research, but Bio-Rad often specializes in particular technologies such as gene expression and protein analysis. While Thermo Fisher has a more extensive product range and global reach, Bio-Rad's focused solutions in key research areas allow it to excel in specific market segments, creating a robust challenge for Thermo Fisher's dominance.

Merck Group (MilliporeSigma) 

Merck Group, through its MilliporeSigma brand, competes with Thermo Fisher Scientific in the life sciences and biopharmaceutical industries, offering a wide range of reagents, lab equipment, and consumables. MilliporeSigma differentiates itself by providing specialized solutions and robust services tailored to the biopharmaceutical sector, which allows it to cultivate strong relationships with key clients. While Thermo Fisher holds a broader market presence, MilliporeSigma's focused offerings give it a competitive advantage in niche segments of the market.

Waters Corporation 

Waters Corporation mainly competes with Thermo Fisher Scientific in the area of analytical instrumentation, specifically in chromatography and mass spectrometry. Waters focuses on high-end analytical solutions that are often seen as industry-leading, providing advanced technology for complex applications in pharmaceuticals, environmental testing, and food safety. While Thermo Fisher enjoys a larger product portfolio and broader market reach, Waters’ commitment to cutting-edge technology and customer service grants it a distinguished competitive advantage in high-precision applications.