Covidien offers an extensive healthcare product line that spans medical devices, medical supplies and pharmaceuticals. Since 1994, the company has significantly expanded its product portfolio, primarily through key acquisitions, such as Kendall, Mallinckrodt (and its subsidiaries, Nellcor and Puritan Bennett) and US Surgical (including its subsidiary, Valleylab). As of September 2012, Covidien employed approximately 43,400 people in 70 countries worldwide. It had 51 manufacturing facilities and its products were sold in over 140 countries.
Covidien Ltd (formerly Tyco Healthcare) was formed on 29th June 2007 after Tyco International, its former parent company, was separated into three independent, publicly-traded companies. Tyco International transferred the equity of the entities that held all of the assets and liabilities of its healthcare business to Covidien and distributed all of its shares of Covidien to its shareholders. The shares of Covidien began trading on the New York and Bermuda stock exchanges on 2nd July 2007.
The Covidien Medical Device Company Report provides a full review of the company's medical device activities, from its origins to its latest corporate activity, including mergers and acquisitions, agreements, divestitures and litigation. Sections are also included on products, corporate strategy and R&D.
Whatever your interest or involvement, evaluating the performance, success, failures and developments of medical companies is critical. Espicom’s Medical Device Company Reports have been regularly published for over 20 years, and these critically acclaimed and respected management reports provide a complete review of leading players in the field.
Evaluate competitive threats Maximise product and market opportunities Identify collaborators and strategic partners Understand the operating market environment Benchmark your performance against competitors Coverage Overview
Key contact information Introduction to Covidien and its current activities Summary of its financial performance Key recent events in an “at a glance” format Strategic Focus
The company’s aims and its areas of focus 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 Product Overview
Core product areas, key brands, product approvals and launches Identifies the company’s major competitors Research and Development
How much has been invested in R&D? Where is the research based? What alliances and agreements does Covidien have and with whom? Manufacturing and Distribution
Identifying the company’s manufacturing locations Sales and marketing facilities Agreements
With whom has Covidien reached agreements and what do they involve? Key contracts awarded Mergers and Acquisitions
Key Corporate Events
The report was produced as part of Medical Device Companies Analysis (MDCA).
Table Of Contents
Covidien Medical Device Company Intelligence Report Table of Contents
OVERVIEW 2 STRATEGIC FOCUS 4 Broaden Innovation Focus 4 Portfolio Management 4 Emerging Markets 5 Optimise Spending 5 Espicom View 6 Mallinckrodt Spin-Off 6 FINANCIAL REVIEW 7 Fiscal Year 2011 Financial Results 7 Medical Devices 9 Medical Supplies 10 Pharmaceuticals 11 Five-Year Financial Data 13 Outlook 14 PRODUCTS 15 Medical Devices 16 Endomechanical Instruments 16 Soft Tissue Repair Products 18 Energy Devices 19 Oximetry and Monitoring Products 20 Airway and Ventilation Products 21 Vascular Products 21 Medical Supplies 23 Pharmaceuticals 25 RESEARCH AND DEVELOPMENT 26 RandD Expenditure 26 Studies and Trials 27 Neurology 27 IMS III 27 STAR 27 SWIFT PRIME 28 SWIFT 28 Vascular Therapies 28 MANUFACTURING AND DISTRIBUTION 30 Manufacturing 30 Distribution 31 AGREEMENTS 32 Vida Diagnostics 32 GE Healthcare 32 BridgePoint Medical 32 Aircraft Medical 32 Volcano 33 Masimo 33 Allergan 33 Acacia Research 33 Philips 34 DrÃ¤ger 34 MERGERS AND ACQUISITIONS 35 CV Ingenuity 35 MindFrame 35 Oridion Systems 35 superDimension 35 Maya Medical36 Newport Medical Instruments 36 PolyTouch Medical 36 Barrx Medical 36 Somanetics 37 Ev 337 DIVESTITURES 38 Pharmaceuticals Business 38 Specialty Chemicals Business 38 Sleep Therapy Product Line 38 Radiopharmacies Business 39 Oxygen Therapy Business39 Sleep Diagnostics Business 39 LITIGATION 40 Ethicon Endo-Surgery 40 Applied Medical Resources 40 Masimo 40 KEY CORPORATE EVENTS41
List of Tables Recent Key Events 3 Covidien - Annual Financial Results, Fiscal Years 2008-2012 4 Covidien - Net Sales and Operating Income by Business Segment, Fiscal Years 2008-2012 5 Covidien - Net Revenues by Geographic Area, Fiscal Years 2008-2012 5 Covidien - Medical Devices Sales by Product and Geographic Area, Fiscal Years 2008-2012 6 Covidien - Medical Supplies Sales by Product and Geographic Area, Fiscal Years 2008-2012 7 Covidien - Pharmaceuticals Sales by Product and Geographic Area, Fiscal Years 2008-2012 8 Covidien - Five-Year Financial Summary 10 Covidien - Recent Divestitures and Acquisitions 12 Covidien - Key Recent Endomechanical Instrument Product Events 17 Covidien - Key Recent Soft Tissue Repair Product Events 19 Covidien - Key Recent Oximetry and Monitoring Product Events 20 Covidien - Summary of Airway Management and Ventilation Products 21 Covidien - Key Recent Vascular Product Events 22 Summary of Covidien Medical Supplies Products 24 Covidien - Annual RandD Expenditure - Fiscal Years 2008-2012 26 Covidien - Manufacturing Sites, September 2012 30 Agreements Summary 32 Mergers and Acquisitions Summary 35
List of Charts Covidien - Net Sales and Operating Income, FY2008-2012 4 Covidien - Net Sales and Operating Income by Business Segment, Fiscal Years 2008-2012 5 Covidien - Net Sales by Geographic Area, Fiscal Years 2008-2012 6 Covidien - Medical Devices Sales by Product Area, Fiscal Years 2008-2012 7 Covidien - Medical Supplies Sales by Product Area, Fiscal Years 2008-2012 8 Covidien - Pharmaceuticals Sales by Product Area, Fiscal Years 2008-2012 9 Covidien - Emerging Market sales as % Total (Forecast) 13 Covidien - FY2012 Sales of Medical Devices 16 Covidien - FY2012 Medical Supplies Sales by Product Group 23 Covidien - FY2012 Sales of Medical Supplies Products23 Covidien - FY2012 Sales of Pharmaceuticals Products 25 Covidien - 2012 Product Manufacturing by Region 30