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Getinge SWOT & PESTLE Analysis

ID : 521097953| Jan 2022| 18 pages

COMPANY PROFILE -Getinge

Business Sector :Healthcare

Operating Geography :Sweden, Europe, Global

About Getinge :

Getinge is a medical technology firm headquartered at Gothenburg, Sweden. The firm was founded in 1904 and manufactured agricultural equipment in its initial years; it gradually evolved into a larger firm manufacturing medical equipment like surgical tables, sterilization equipment, decontaminator etc. for medical and life science purposes. The company initially operated in three different segments under different names. Infection Control segment was handled by Getinge, Extended Care segment was handled by ArjoHuntleigh and the Medical Systems segment was handled by Maquet. The three firms were eventually merged into one company named Getinge in 2017. The company offers products and solutions for subjects like intensive care, cardiovascular procedures, life sciences etc. In January 2022, Getinge announced that over three million heart surgery patients have been treated with the company's innovative Endoscopic Vessel Harvesting (EVH) solutions, with membership in the Getinge EVH Circle of Excellence honouring some of the most dedicated EVH clinicians in North America.
Getinge’s vision is to be the most globally respected and trustworthy medical equipment company. Its mission is to manufacture unique products and solutions that would encourage better results for patients along with improving health economics. Getinge’s Unique Selling Proposition or USP is its unwavering support for their client. This helps them deal with problems in healthcare and life science institutions by providing the required expertise, technology and resources to attain best medical outcomes in order to save lives.

Getinge Revenue :


SEK 29,819 million - FY ending 31st December 2020 (y-o-y growth 12.27%)
SEK 26,559 million - FY ending 31st December 2019

Competitive Analysis of Getinge

SWOT
PESTLE
The SWOT analysis for Getinge is presented below in a matrix followed by the detailed analysis report:
StrengthsWeaknesses
1. High growth in sales over the years
2. Strong collaboration with other experts
3. Leader in all product categories
4. Continuous innovation for improved care
1. History of FDA noncompliance at manufacturing facilities
OpportunitiesThreats
1. Demand for life support equipment during Covid-19
2. Constantly high demand for sterilization equipment
3. Pent-up demand for elective surgeries
4. Rise in demand for life sciences drugs
1. Significant backlog in healthcare due to Covid
2. Investigations in Brazil can harm reputation
3. Existing lawsuits over faulty products
SWOT & PESTLE (combined)
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Detailed SWOT Analysis of Getinge

Strength

This section is available only in the 'Complete Report' on purchase.

Weakness

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Opportunity

1. Demand for life support equipment during Covid-19: The global ventilator market stood at $1,072 in 2018. It was forecasted to grow at a CAGR of 7.1% in the pre-covid scenario. It increased exponentially due to the advent of the Covid 19 pandemic. The growth rate has been 172% during the pandemic period. Even regulatory authorities such as FDA have given permission to use anesthesia gas machines, continuous positive airway pressure (CPAP), and other sleep apnea devices as alternative ventilators to meet the demand. Other factors that are responsible for this rise in demand are rising cases of respiratory diseases, high frequency of premature births and critical care for increasing geriatric population. As a result, many non-healthcare firms also started production of ventilators. Getinge ramped up the production by 160%. Further expansion of capacity is necessary to harness the boom in this product segment.

2. Constantly high demand for sterilization equipment: Hospitals are facing operational and financial burden during Covid. The equipment such as surgical instruments, endoscopic instruments, respiratory devices, and reusable hemodialysis machines have seen large scale usage during the pandemic. The need for sterilizers has increased with the increased use of medical devices. The transmission of the corona virus within the hospitals can be prevented with appropriate sterilization. The increased number of surgeries have caused a rise in demand of sterilizers, in general. Without the use of proper sterilization, the Hospital-Acquired Infections (HAI) such as bloodstream infections, urinary tract infections and ventilators associated pneumonia will become common. Getinge is a Pioneer in sterilization equipment. The has recently launched a steam sterilizer named Solsus 66. It is an energy efficient sterilizer that utilizes minimum resources. This segment will be a key driver of growth for Getinge.

The remaining section under "Opportunity" is available only in the 'Complete Report' on purchase.

Threat

This section is available only in the 'Complete Report' on purchase.

Major Competitors :

  • Steris
  • Stryker
  • STERIS Corporation
  • 3M Company Group
  • Belimed AG
  • MMM Group
  • MATACHANA Group
  • Sotera Health

Major Brands :

  • Maquet
  • Lancer
  • trium
  • Pulsion
  • Datascope
  • Stericool
  • Steritec
  • Trans
SWOT & PESTLE (combined)
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TABLE OF CONTENTS
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Check Out Analysis of Other Relevant Companies

References used in Getinge SWOT & PESTLE Analysis Report

1. Getinge Annual Report 2020 - https://www.getinge.com/dam/corporate/documents/investors/annual-reports/english/getinge_annual_report_2020-en-non_us.pdf

2. FDA warn’s Getinge’s Datascope about ongoing IABP issues - MassDevicehttps://www.massdevice.com/fda-warns-getinges-datascope-about-ongoing-iabp-issues/

3. Global Ventilator Market Analysis and Forecast, 2021-2030: Market to Reach $3,110 Million by the End of 2020 Due to COVID-19 Pandemic - https://www.prnewswire.com/news-releases/global-ventilator-market-analysis-and-forecast-2021-2030-market-to-reach-3-110-million-by-the-end-of-2020-due-to-covid-19-pandemic-301191139.html

4. The global sterilization equipment market is projected to - https://www.globenewswire.com/news-release/2020/07/21/2064870/0/en/The-global-sterilization-equipment-market-is-projected-to-reach-USD-13-6-billion-by-2025-from-USD-12-1-billion-in-2020-at-a-CAGR-of-2-5-from-2020-to-2025.html

5. Getinge makes another provision for Brazil fraud probe | Reuters - https://www.reuters.com/article/getinge-provision-brazil-idUSL8N1R35FE

The detailed complete set of references are available on request in the 'Complete report' on purchase.

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SWOT & PESTLE.com (2022). Getinge SWOT & PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/getinge/ [Accessed 26 Nov, 2022].

In-text: (SWOT & PESTLE.com, 2022)

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Getinge SWOT and PESTLE analysis has been conducted by Mohit Harishchandra Deshmukh and reviewed by senior analysts from Barakaat Consulting.

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