Idexx Laboratories Inc - Company Profile
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Business Description
Idexx Laboratories Inc (IDEXX) is medical devices company, engaged in the development, manufacturing and distribution of products and offers services for companion animals, veterinary, livestock and poultry, dairy and water testing applications. It provides diagnostic products and information management solutions to the veterinary domain; water quality products; and diagnostic products and services for livestock and poultry health. The company also provides point-of-care and laboratory diagnostics for the human medical diagnostic market and offers products to customers in over 175 countries.
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R&D Overview
The company’s research and development (R&D) activities focus on the development and introduction of new products and services and technologies. It has R&D programs associated with each of the company’s business segments. In FY2022, IDEXX incurred R&D expenses of US$254.8 million, which grew 58.2%, and as a percentage of revenue stood at 7.6%. The company holds various patents related to SNAP tests, IDEXX VetLab analyzers and tests, OPTI medical systems, reference laboratory tests, information technology, pet identification system, ruminant, transmissible spongiform encephalopathies s(TSEs), reproduction, porcine respiratory and reproductive syndrome (PRRS), swine enteric coronaviruses, water microbiology products, and IDEXX RADIL technologies. It also licenses patents and technologies from third parties.
Business Segments
Overview
Offers products and services related to diagnostics and information management solutions for the veterinary market. The segment also offers commercial reference laboratory diagnostic and consulting services to veterinarians worldwide. - Major products include integrated diagnostic information management solutions; in-clinic diagnostic solutions; blood and urine chemistry analyzers; hematology analyzers; rapid assays; urinalysis devices; IDEXX VetLab station; and veterinary diagnostic imaging systems - Major services include outside reference laboratory diagnostic and consulting services; and veterinary software and services such as practice management systems, client marketing and wellness plan management; software applications that extend workflow capabilities for practices and groups. Strives to provide veterinarians with both diagnostic information to support advanced medical care and information management solutions..
Performance
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Overview
Offers diagnostic products and services for livestock and poultry health. Its major customers include government and private laboratories. - Major products include tests for bovine viral diarrhea virus (BVDV) and porcine reproductive and respiratory syndrome (PRRS); african swine fever (ASFV); SNAP Beta-Lactam ST and SNAP duo Beta-Tetra ST to detect certain beta lactam and tetracycline antibiotic residues; SNAP tests for detecting milk contaminants such as Aflatoxin M1. Aims to deliver proprietary tests for use in government programs to control disease and disease outbreaks and in livestock and poultry producers’ disease, and herd health and production management programs.
Performance
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Overview
Offers human point-of-care analyzers and related consumables to measure electrolytes, blood gases, acid-base balance, lactate, glucose, blood urea nitrogen and ionized calcium. IDEXX operates this segment through its wholly-owned subsidiary, OPTI Medical Systems, Inc. - OPTI analyzers are used in operating rooms, emergency rooms, cardiac monitoring areas and other related facilities. -Also offers OPTI SARS-CoV-2 RT-PCR laboratory test kit for the detection of SARS-CoV-2.
Performance
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Overview
Designs, develops, manufactures and distributes products for use in the detection and quantification of various microbiological parameters in drinking water and other water supplies. Its major customers include government laboratories, water utilities and private certified laboratories. - Major products include Colilert, Colilert-18 and Colisure tests to detect the presence of total coliforms and E. coli in water; Enterolert products to detect enterococci in drinking water and recreational water; Pseudalert products; Quanti-Tray instruments for the quantitative measurement of microbial contamination; Legiolert for detection of legionella pneumophila in water; and Filta-Max and Filta-Max xpress for identification of cryptosporidium and giardia in water.
Performance
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Geographical Segments
Target Markets
The US, Canada and Latin American countries.
Performance
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Target Markets
Australia, Japan, China, and other countries.
Performance
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Target Markets
Germany, the UK, France, Italy, Spain, Switzerland, the Netherlands, and other countries.
Performance
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