Quest Diagnostics Named to Fortune's World's Most Admired Companies List for 11th Consecutive Year
Monday, Feb 24, 2025 2:57 pm ET

Quest Diagnostics (NYSE: DGX), a leading provider of diagnostic information services, has been named to Fortune's World's Most Admired Companies list for the 11th consecutive year. The company was recognized for its strong performance in the "Health Care: Pharmacy and Other Services" industry, ranking number three overall and scoring high marks in quality of management, long-term investment, product and service quality, social responsibility, and people management.
Quest Diagnostics' consistent recognition as one of the World's Most Admired Companies can be attributed to several factors, including its commitment to innovation, community responsibility, and talent management. The company has invested heavily in research and development, staying at the forefront of diagnostic technologies and expanding its service offerings. Additionally, Quest Diagnostics has demonstrated a strong commitment to social responsibility, providing free HIV testing and counseling services in underserved communities and supporting research on various diseases, including cancer and infectious diseases.

Quest Diagnostics' market share and competitive position within the healthcare and diagnostic testing sectors have remained strong over the years. The company's market share in the Medical Laboratories Industry was 36.53% in Q3 2024, and its market share in the Healthcare Sector was 9.97% in the same quarter. Quest Diagnostics has maintained its leadership position by employing strategies such as innovation, partnerships, expansion, acquisitions, and a focus on quality and customer service.
In conclusion, Quest Diagnostics' consistent recognition as one of the World's Most Admired Companies is a testament to the company's commitment to innovation, community responsibility, and talent management. The company's strong market share and competitive position within the healthcare and diagnostic testing sectors demonstrate its ability to stay ahead of the competition and maintain its reputation as a leader in the industry. As Quest Diagnostics continues to invest in research and development, expand its service offerings, and demonstrate its commitment to social responsibility, it is well-positioned to maintain its status as one of the World's Most Admired Companies for years to come.