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COMPANY BENCHMARKING • UNITED STATES

Boston Scientific Corporation - Company Profile

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Boston Scientific Corporation - Overview

Description
Boston Scientific is a public company headquartered in Massachusetts with an estimated 51,000 employees. In the US, the company has a notable market share in at least two industries: Medical Device Manufacturing, Medical Instrument & Supply Manufacturing and Medical Instrument & Supply Manufacturing. Their largest market share is in the Medical Device Manufacturing industry, where they account for an estimated 5.2% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.
Company Details

Registered Name: Boston Scientific Corporation

Company Type: Operating

Exchange: NYSE

Headquarters: 300 Boston Scientific Way Marlborough MA 01752

Website: http://www.bostonscientific.com

Employees: 51000

Boston Scientific Corporation - Operating Industries and Main Competitors

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Boston Scientific Corporation - Products and Services

  • Medical Instrument & Supply Manufacturing in the US

  • Of the 6 core revenue-generating products and services in the Medical Instrument & Supply Manufacturing in the US industry, Boston Scientific Corporation offers:
    • Personal safety equipment
    • Surgical appliances
    • Surgical instruments
  • Medical Device Manufacturing in the US

  • Of the 6 core revenue-generating products and services in the Medical Device Manufacturing in the US industry, Boston Scientific Corporation offers:
    • Cardiovascular devices
    • Diabetes devices
    • Neuromodulation and spinal devices
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Boston Scientific Corporation - Analyst Insights

Company leads 2022 with major acquisition to expand position in the cardiology market

February 2022 saw Boston Scientific Corporation (Boston Scientific) complete the purchase of Baylis Medical Company Inc., a developer and manufacturer of advanced transseptal access solutions as well as guidewires, sheaths and dilators used to support catheter-based left-heart procedures. The purchase, completed at a cost of $1.75 billion, will allow Boston Scientific to integrate the Baylis platforms with its electrophysiology and structural heart offerings, strengthening its position within the highest growth cardiology markets. However, Baylis’ affiliate Baylis Medical Technologies was not included in the transaction and will remain a separate entity.

New Activity|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Boston Scientific Corporation - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Boston Scientific Corporation's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Medical Instrument & Supply Manufacturing in the US, and Medical Device Manufacturing in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Boston Scientific Corporation - Financial Statements & Ratios

pie_chartBoston Scientific Corporation Income Statement

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Revenue14,240.012,682.011,888.09,913.010,735.09,823.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartBoston Scientific Corporation Balance Sheet

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Cash and Equivalents865.0928.01,925.01,734.0217.0146.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartBoston Scientific Corporation Cash Flow

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Net Income1,592.0698.01,041.0-82.04,700.01,671.0
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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  • Products and Services
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