COMPANY PROFILE -Boston Scientific
Business Sector :Medical Devices
Operating Geography :United States, North America, Global
About Boston Scientific :
Boston Scientific Corporation is a top multinational company which specialized in the manufacture and marketing of medical device equipment related to various field like interventional radiology, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology. Founded in 1979 in Watertown, Massachusetts by John Abele and Peter Nicholas, in the last 40 years Boston Scientific has provided cutting edge solutions to address unmet patient needs and contributed significantly towards reducing healthcare expenses. The Company’s core business strategy is to Strengthen Category Leadership, Expand into High Growth Adjacencies, Drive Global Expansion, Fund the Journey to Fuel Growth and Develop Key Capabilities. In order to achieve these, the company exclusively focuses on innovation and technological advancement.
The company has 60+ extensive product categories like CRT-P, CRT-D, Defibrillators (ICD), Left Atrial Appendage Closure Device etc. Boston Scientific has stayed on a very tightly wound strategic path acquisition and has done various acquisitions like BTG, Augmenix, Emsicion etc. The company is very well acclaimed for innovation and advanced medical business solutions. It has won numerous awards like Forbes World’s Most Innovative Companies (2018), Top 100 Global Innovators by Clarivate Analytics (2016, 2017, 2018), Forbes America’s Best Large Employers (2016, 2017, 2019) to name a few. The company is also dedicated to social responsibility by committing to neutralize the carbon neutrality in all manufacturing and key distribution sites by 2030. As of early 2020, Boston Scientific employed approximately 36,000 people and nurtured a goal to make a difference to the lives of 30 million patients by serving them the best medical facilities.
Boston Scientific’s mission statement reads “Boston scientific is dedicated to transforming lives through innovative medical solutions that improve the health of patients around the world”.
Boston Scientific Revenue :
US $10.73 billion – FY ending 31st December 2019 (YoY growth of +9.2%)
US $9.823 billion – FY ending 31st December 2018
Competitive Analysis of Boston Scientific
The SWOT analysis for Boston Scientific is presented below in a matrix followed by detailed analysis:
Strengths | Weaknesses |
1. Diversified product portfolio
2. Strategic acquisitions and partnership
3. Leadership across multiple category and innovations driving a robust pipeline
4. Consistently strong financials and cash flow, showing a trend of stellar performance over a five-year period
5. Robust R&D investments and results ~1 billion invested in R&D
6. Robust marketing and sales channels
| 1. Nature of business attracts contingency liability risks
2. Frequent recalls over faulty products and adverse side effects
3. Dependency on the US markets for net sales
|
Opportunities | Threats |
1. Extending category leadership in New Markets
2. Expanding global presence and penetration in emerging economies
3. Data driven advanced analytics and digital health
4. Less invasive endoscopic alternative to surgical resection
5. Eyeing market share in China
| 1. Intense competition in the field of medical device equipment
2. FDA regulations and clearance mandates
3. Proprietary Rights and Patent Litigation
4. Counterfeit medical devices eating into market share
|
On purchase the Boston Scientific SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
Detailed SWOT Analysis of Boston Scientific
Strength
1. Diversified product portfolio: One major strength of Boston Scientific Corporation is its diverse portfolio of products. These products are divided in three major segments like medsurg (31% revenue), Rhythm and Neuro (31% revenue), Cardiovascular (38% revenue) as per 2018 figures. A diverse portfolio catering different segments, helps to build the brand awareness more holistically. One key benefit of diversification is that if one product portfolio performed poorly due to any external stimulus, the revenue drop can be balanced by other portfolio products but if there is heavy dependency on one product, risks are significantly incremented. The U.S healthcare giant collaborates with healthcare professionals around the globe to develop a broad portfolio of value-based innovations across their following business lines – Endoscopy, Interventional Cardiology, Neuromodulation, Peripheral Interventions, Rhythm Management, Urology and Pelvic Health. Boston Scientific is now focused on driving a portfolio shift and beefing up investments in high growth markets where they have limited presence today but are armed with unique pipeline technologies to fuel market penetration in the future. Their expansion into Multiple High Growth Adjacencies is expected to touch ~$20B in 2022.
2. Strategic acquisitions and partnerships: Boston Scientific has a successful track record of business development and takes a disciplined and balanced approach to mergers and acquisitions, investing strategically in companies that complement their existing portfolio in order to continue to enhance category leadership and growth. It is very important to meet the pace of the current innovation and disruption era and for this it is imperative for corporate level strategies to keep a vigil on competition. Fiscals 2018-2019, saw the US healthcare major drive a number of noteworthy acquisitions like Emcision, NxThera, Securus, nVision, BTG, Millipede, Augmenix, Claret Medical, Apama Medica to name a few. While the acquisition of BTG, gave the Company leadership in minimally invasive therapies targeting cancer and vascular diseases, it invested in novel therapies for men’s health with Augmenix, including the SpaceOAR™ Hydrogel System to help reduce common and debilitating side effects that men may experience after receiving prostate cancer radiotherapy. In 2020, Cryterion, Apama Medical and Nvision were also added to the BCX umbrella
The remaining section under "Strengths" is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
This section is available only in the 'Complete Report' on purchase.
Threat
This section is available only in the 'Complete Report' on purchase.
The PESTLE analysis for Boston Scientific is presented below in a matrix followed by detailed analysis
Political | Economical |
1. Healthcare Policies, Reimbursement and price regulation
2. Stringent medical device approval regulations
3. Taxation Policy changes
4. Medical equipment industry hit by U.S. China trade war
| 1. Brexit impact on exports
2. Healthcare spending in the U.S.A
3. Emerging economies to be hotbeds of global healthcare consumption
|
Social | Technological |
1. Demographics shift will surge demand for medical devices | 1. Remote patient monitoring
2. Blockchain and AI to set new standards for diagnostics and healthcare
|
Legal | Environmental |
1. Compliance with MDR in Europe
2. Regulatory regime in the U.S and outside
| 1. Initiatives for reduction of environmental footprint |
On purchase the Boston Scientific SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
Detailed Pestle Analysis of Boston Scientific
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
1. Remote patient monitoring: With devices increasingly being used in the home, or, in the case of wearables, at all times, the relationship with end users changes dramatically. Clinicians receive intelligence to help them diagnose, monitor and prevent diseases, while patients avoid unnecessary (and expensive) clinic or hospital trips, and both patients and consumers can access valuable advice on lifestyle and diet. In 2016 the number of patients being monitored remotely grew by 44 percent and is projected to exceed 50 million by 2025, while the global market for remote patient monitoring devices is expected to reach US$1.9 billion by 2026. Manufacturers are also integrating intelligence into their devices, offering real-time insights based on patient data.
2. Blockchain and AI to set new standards for diagnostics and healthcare: Besides having a huge impact on the global financial services sector, Blockchain technology holds massive potential even for medical devices. Blockchain could be advantageous for the industry due to the preventative maintenance of devices, a strengthened manufacturing process, digitized business processes, and ‘smart contracts’, enhanced safety measures, and evidence for value-based payments. Several life sciences companies are already investing in blockchain capabilities. In an amalgamation with Philips Healthcare, Gem, a US-based startup aims to launch Gem Health26, a network for developing applications and shared infrastructure for a patient-centric approach to healthcare. Further, in order to make medical treatment more accessible, timely, and affordable, they are encapsulating the application of AI in diagnostics and healthcare. Also, the company's cloud subsidiary is supporting AI-powered solutions to tackle healthcare problems not confined only to China but also globally. China's growing market has allured many large companies to participate in this market. Chinese multinational technology giant, Baidu has propelled a doctor app where patients can get consultations and work with doctors online.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
On purchase the Boston Scientific SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
You may also be interested in other analyses of Boston Scientific:
-
Boston Scientific Porter's Five Forces Analysis |
|
-
Boston Scientific VRIO Analysis |
|
-
Boston Scientific Value Chain Analysis |
|
-
Boston Scientific Covid-19 Impact Analysis |
|
-
Boston Scientific BCG Analysis |
|
-
Boston Scientific Segmentation, Targeting and Positioning (STP) Analysis |
|
-
Boston Scientific Ansoff Matrix Analysis |
|
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Company Overview Report
This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Competitor Analysis Report
This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Porter's Five Forces Analysis Report
This report is shared in order to give you an idea of what the complete Porter's Five Forces Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
VRIO Analysis Report
This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Value Chain Analysis Report
This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Regulatory Outlook Report
This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Risk Analysis Report
This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Key Performance Indicators (KPI's) Report
This report is shared in order to give you an idea of what the complete Key Performance Indicators (KPI's) Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Environmental, Social, and Governance (ESG) Analysis Report
This report is shared in order to give you an idea of what the complete Environmental, Social, and Governance (ESG) Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
M&A Analysis Report
This report is shared in order to give you an idea of what the complete M&A Report and Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Subsidiaries, Partnerships and Collaborations Report
This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Stakeholder Analysis Report
This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Technology Landscape and Outlook Report
This report is shared in order to give you an idea of what the complete Technology Landscape and Outlook Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Covid-19 Impact Analysis Report
This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Key News and Events Report
This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
BCG Analysis Report
This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Digital Marketing and Social Media Strategy Analysis Report
This report is shared in order to give you an idea of what the complete Digital Marketing and Social Media Strategy Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Segmentation, Targeting and Positioning (STP) Analysis Report
This report is shared in order to give you an idea of what the complete Segmentation, Targeting and Positioning (STP) Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Ansoff Matrix Analysis Report
This report is shared in order to give you an idea of what the complete Ansoff Matrix Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Check Out Analysis of Other Relevant Companies
References used in Boston Scientific SWOT & PESTLE Analysis Report
1. Boston Scientific Annual report 2019 - https://investors.bostonscientific.com/~/media/Files/B/Boston-Scientific-IR-V3/annual-reports-proxy-statements/annual-report-and-financial-statement-2019.pdf
2. Boston Scientific Investor Presentation 2019 - https://investors.bostonscientific.com/~/media/Files/B/Boston-Scientific-IR-V3/documents/events/BSX-Investor-Day-2019-26Jun-final.pdf
3. Boston Scientific Company profile - https://in.reuters.com/finance/stocks/company-profile/BSX.N
4. Boston Scientific about us - http://www.bostonscientific.com/en-US/about-us/who-we-are.html
5. Boston Scientific revenues 2006-2019 - https://www.macrotrends.net/stocks/charts/BSX/boston-scientific/revenue
The detailed complete set of references are available on request in the 'Complete report' on purchase.
How to Reference This Page?
You can use the following in your reference section in order to give credit to the source. For different referencing styles and detailed guidelines, please click here.
Boston Scientific SWOT and PESTLE Analysis - SWOT & PESTLE.COM
SWOT & PESTLE.com (2025). Boston Scientific SWOT and PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/boston-scientific/ [Accessed 14 Feb, 2025].
In-text: (SWOT & PESTLE.com, 2025)
Copyrights and Disclaimer
Boston Scientific SWOT and PESTLE analysis has been conducted and reviewed by senior analysts from Barakaat Consulting.
Copyright of Boston Scientific SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.