St Jude Medical develops, manufactures and distributes cardiovascular medical devices for the cardiac rhythm management, cardiology, cardiac surgery and atrial fibrillation therapy areas, and implantable neurostimulation medical devices for the management of chronic pain. The company operates through four operating segments:
Cardiac Rhythm Management (CRM) – tachycardia implantable cardioverter defibrillator systems (ICDs) and bradycardia pacemaker systems (pacemakers); Cardiovascular – vascular products (including vascular closure devices, pressure measurement guidewires, optical coherence tomography (OCT) imaging products, vascular plugs and other vascular accessories) and structural heart products (including heart valve replacement and repair products and structural heart defect devices); Atrial Fibrillation (AF) – electrophysiology introducers and catheters, advanced cardiac mapping, navigation and recording systems and ablation systems; and Neuromodulation – neurostimulation devices (including spinal cord stimulation and deep brain stimulation devices). St Jude Medical has significantly expanded its product portfolio via its own internal development programmes and through strategic acquisitions. Its latest purchases include: AGA Medical Holdings, which boosted the company’s structural heart leadership with programmes across all major categories that include structural heart defects, left atrial appendage (LAA) occlusion, transcatheter aortic valve implantation (TAVI) and percutaneous mitral valve repair (PMVR); and LightLab Imaging, which positioned the company as the first to launch the only OCT product line to compete in the market for intravascular ultrasound (IVUS) imaging technology. St Jude Medical also invested in CardioMEMS, a company that has developed a wireless sensing and communication technology to assess cardiac performance. St Jude Medical has an exclusive option to acquire CardioMEMS if the company meets certain milestones.
In 2010, St Jude reported a 10% increase in sales to US$5.2 billion. Sales were also up 10% in the first six months of 2011. The company has approximately 15,000 employees and sells its products in more than 100 countries around the world; its largest geographic markets are the US, Europe and the Asia Pacific region, including Japan.
This company report provides
Overview 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
Products 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
Agreements With whom has the company reached agreements and what do they involve? Key contracts awarded
Mergers, Acquisitions, Minority Investments
Key Corporate Events
Table Of Contents
St Jude Medical Device Company Intelligence Report Contents
DIVESTITURES 40 Venture Wire Control Catheter Product Line 40 Conor Medical 40 Medtel 40 Cardiac Assist Division 40
LITIGATION 41 Shareholders Lawsuit 41 Kenesy Nash 41 Silzone Litigation 41 Volcano Corporation and LightLab Imaging Inc 42 Volcano Corporation and St Jude Medical 42 Occlutech 43 AorTech 44
KEY CORPORATE EVENTS 45
List of Tables
Recent Key Events 2 St Jude Medical - Annual Financial Results, 2008-2012 6 St Jude Medical - Annual Revenues by Geographic Area, 2008-2012 6 St Jude Medical - Annual Revenues by Business Segment, 2008-2012 7 St Jude Medical - Annual CRM Sales, 2008-2012 8 St Jude Medical - Annual Cardiovascular Sales, 2008-2012 8 St Jude Medical - Five-Year Financial Summary 9 St Jude Medical - Key ICD/CRT-D Devices 11 St Jude Medical - Key Pacemaker Devices 15 St Jude Medical - Key Programmers and Remote Monitoring Devices 16 St Jude Medical - Key Cardiovascular Devices 17 St Jude Medical - Key Atrial Fibrillation Devices 21 St Jude Medical - Key Neuromodulation Devices 23 St Jude Medical - Annual RandD Expenditure, 2008-2012 25 St Jude Medical - Planned Product Launches, 2013 25
List of Charts
St Jude Medical - Annual Sales and Operating Income, 2008-2012 6 St Jude Medical - Annual Sales by Geographic Area, 2008-2012 7 St Jude Medical - Annual Sales by Business Area, 2008-2012 7 St Jude Medical - 2012 Sales by Business Area 11 Forecast 2013 Worldwide EP Market 20