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Analogic Medical Device Company Intelligence Report

  • March 2013
  • -
  • Espicom Business Intelligence
  • -
  • 26 pages

Business Monitor International market intelligence, brought to you by Espicom Business Intelligence

Analogic Corporation designs and manufactures medical imaging and security systems and subsystems that are sold to original equipment manufacturers (OEMs) and end-users primarily in the healthcare and airport security markets.

The company operates mainly within two major markets: Medical Technology and Security Technology. Its Medical Technology business, on which this report is based, consists of two reporting segments:

Computed Tomography (CT), Magnetic Resonance Imaging (MRI) and Digital Mammography (DM), which primarily includes electronic systems and subsystems for CT and MRI medical imaging equipment, and direct conversion amorphous selenium-based, digital, flat-panel, X-ray detectors for diagnostic and interventional applications in mammography; and

Ultrasound, which designs, manufactures and distributes ultrasound systems and probes in the urology, ultrasound-guided surgery, anaesthesia and general radiology markets.
Analogic’s Medical Technology division has been built up over the years through the acquisition of several companies that have added strategic importance and breadth to one or more of its businesses. These have included:

Analogic Canada (formerly Anrad), a Montreal, Canada-based developer and manufacturer of flat-panel X-ray detector plates for digital mammography systems, based on amorphous selenium technologies;

B-K Medical, a Danish developer and manufacturer of specialised ultrasound systems and specialised transducers mainly for urology and surgery;

Copley Controls, a Canton, Massachusetts, US-based OEM supplier of precision motion control systems and gradient power amplifiers for MRI; and

Sound Technology, a developer and OEM supplier of ultrasound transducers and probes located in State College, Pennsylvania, US.
Analogic's Security Technology business consists of advanced explosives and weapons detection systems for aviation security.

In the year ended 31st July 2012, Analogic reported sales of US$516.6 million, of which 87.7 per cent was generated by the Medical Technology business.

This company report provides

Key contact information
Introduction to the company and its current activities
Summary of its financial performance
Who are the company’s major competitors?
Key recent events in an “at a glance” format

Financial Review
Current year and annual financial data, including revenue breakdowns by product area and geographic region (if available)
Table providing in-depth five-year financial analysis
Employee data, including breakdown by company division and geographic location

Strategic Focus
Investigates the company’s aims and its areas of focus

Core product areas, key brands, product approvals and launches Research and Development
How much has been invested in R&D?
Where is the research based?
What alliances and agreements does the company have and with whom?

Manufacturing and Distribution
Identifying the company’s manufacturing locations
Sales and marketing facilities

With whom has the company reached agreements and what do they involve?
Key contracts awarded

Mergers, Acquisitions, Minority Investments and Divestments


Key Corporate Events

The report was produced as part of Medical Device Companies Analysis (MDCA).

Table Of Contents

Analogic Medical Device Company Intelligence Report

Corporate Rebranding Strategy .2
Espicom View 2
Fiscal Year 2012 Financial Results .3
Five-Year Financial Data 7
Outlook 7
Employees .7
Medical Imaging 8
Computed Tomography (CT) 8
Magnetic Resonance Imaging (MRI) 9
Digital Mammography .9
Ultrasound Products .9
B-K Medical .9
Sound Technology Inc 10
Advanced Medical Diagnostics 13
Siemens .13
Philips Medical Systems .14
Toshiba 14
Ultrasonix Medical .15
Tetrad .15
PhotoDetection Systems (PDS) 16
Shenzhen Anke High Tech Co Ltd (SAHCO) .17
Bio-Imaging Research (BIR) 17

List of tables

Recent Key Events .1
Analogic - Annual Financial Results, Fiscal Years 2008-2012 .3
Analogic - Annual Financial Results by Business Area, Fiscal Years 2008-2012 4
Analogic - Annual Product and Engineering Revenues by Business Area, Fiscal Years 2008-2012 .5
Analogic - Annual Revenues by Geographic Region, Fiscal Years 2008-2012 .6
Analogic - Five-Year Financial Summary .7
Analogic - Annual Internally-Funded RandD Expenses, Fiscal Years 2008-2012 11
Analogic - Major Manufacturing Locations, July 2012 12
Agreements Summary .13
Mergers and Acquisitions Summary 15

List of Charts
Analogic - Annual Revenues and Operating Income/Loss, Fiscal Years 2008-2012 .3
Analogic - Fiscal Year 2012 Revenues by Business Area .4
Analogic - Medical Technology Revenues by Product Area, Fiscal Years 2008-2012 5
Analogic - Annual Revenues by Geographic Area, Fiscal Years 2008-2012 6
Analogic - Medical Technology Sales by Business Area, Fiscal 2012 .8

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