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Hitachi Medical Device Company Intelligence Report

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

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

Hitachi Medical Corporation, headquartered in Tokyo, Japan, is a manufacturer of diagnostic imaging systems, including MRI, CT, PET, X-ray and ultrasound systems. The company also provides medical information systems and services. Hitachi is a 62.29%-owned subsidiary of the global electronics giant, Hitachi Ltd, where it is reported as part of the parent company's Infrastructure Systems Group business line. Prior to FY2011, Hitachi Medical was part of Hitachi Ltd's Electronic Systems and Equipment business line.

In December 2010, Hitachi Medical acquired the majority of the shares of Aloka, a Japanese manufacturer of diagnostic ultrasound and bone densitometry systems, radiation measuring and analysis systems and laboratory test systems. Hitachi previously owned a minority interest in Aloka. Aloka became a wholly-owned subsidiary of Hitachi Medical in March 2011 and on 1st April 2011, its name was changed to Hitachi Aloka Medical Ltd. With its international headquarters in Tokyo, Japan, Hitachi Aloka encompasses the ultrasound division of both Hitachi Medical and Aloka. The company has centralised its US business operations in Wallingford, CT, at the site of Aloka’s former US headquarters. As a result of the acquisition of Aloka, Hitachi Medical has taken its position as one of the world’s largest ultrasound companies.

Hitachi Medical sells its products in Japan, North America, Europe, Asia and other regions. In FY2011 (year ended 31st March 2012), the company reported revenue of US$166.2 billion, of which 60.5% of sales were generated in Japan. The company’s key competitors include GE Healthcare, Philips Healthcare, Siemens Healthcare, Dräger Medical and Toshiba.

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

Hitachi Medical Device Company Intelligence Report

Enhance Profitability 2
Strengthen Overseas Manufacturing and Sales .2
Enhance Domestic Sales .2
Strengthen Development Capability ..3
Espicom View ..4
Fiscal Year 2011 Financial Results ..5
Segmental Breakdown 6
Medical Systems 6
Medical Information Systems ..7
General Analysis Systems 7
Medical Analysis Systems 7
Geographic Breakdown ..7
Five-Year Financial Data ..9
Outlook .10
Employees ..10
Medical Systems .12
Magnetic Resonance Imaging 12
PET/CT ..13
CT 14
Conebeam CT ..14
CB Throne .14
Ultrasound 14
Probes ..18
Bone Densitometry Systems ..18
AOS-100NW .18
DCS-600EX-III 18
Optical Topography .19
X-ray ..19
Medical Information Systems 19
Electronic Health Record Systems ..19
MediCal Analysis Systems 20
General Analysis Systems 20
Proton Beam Therapy 20
Probeat ..20
RandD Expenditure ..22
RandD Facilities 22
RandD Projects and Agreements .22
Using e-flow Technology to Diagnose Coronary Heart Disease .22
Ultrasound-Guided Liver Surgery Makes Tumour Removal Safer ..23
Ultrasound Coupled with e-flow Technology Enables the Identification of Inflammatory Regions 23
Using Ultrasound as a Neuro-Navigational Tool 24
Tumour Tissue Necrotising Technology ..24
Hokkaido University and Hitachi to Develop Proton Beam Therapy System 25
Manufacturing 27
Sales and Distribution 27
iCAD ..29
Key Equipment Finance 29
Horizon Medical Services .30
TomoTherapy ..30
Syntermed .30
Mirada Solutions (part of Siemens Healthcare) ..30
CPS Innovations (part of Siemens Healthcare) 30
CIVCO Medical Instruments .31
Aloka .32
Hitachi Medical Systems America 33
MTS Systems - MR Imaging Systems' Power Supply Business .33
Ecoscan 33
Oki Medical Systems 33
Aloka Mergers and Acquisitions .33
Biomedic Belgium 33
Ecotron Holding 33

List of tables

Recent Key Events .1
Espicom Analysis of Japanese Medical Market, 2012 .4
Hitachi Medical - Annual Financial Results, FY2007-FY2011 5
Hitachi Medical - Annual Sales by Business Segment, FY2007-FY2011 ..6
Hitachi Medical - Annual Revenue by Geographic Region, FY2007-FY2011 ..7
Hitachi Medical - Five-Year Financial Summary ..9
Hitachi Medical - Employees by Business Segment, FY2007-2011 ..10
Hitachi Medical - Annual RandD Expenditure, FY2007-FY2011 ..22
Hitachi Medical - Major Consolidated Subsidiaries, March 2012 28
Agreements Summary 29
Mergers and Acquisitions Summary .32

List of Charts

Hitachi Medical - Annual Sales and Operating Income, FY2007-FY2011 ..5
Hitachi Medical - Sales by Business Segment, FY2007-FY2011 .6
Hitachi Medical - Annual Revenue by Geographic Region, FY2007-FY2011 8
Hitachi Medical - FY2011 Sales by Product Area 11

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