Table of Contents
1 Table of Contents 3
1.1 List of Tables 11
1.2 List of Figures 13
2 Introduction 15
2.1 What Is This Report About? 15
3 Definitions of
the Markets/Categories Covered 16
3.1 Cardiovascular Devices 16
3.1.1
Peripheral vascular devices 16
3.2 Nephrology and Urology Devices 16
3.2.1 Incontinence Devices 16
4 Company Snapshot 17
4.1 Key
Information 17
4.2 Company Overview 17
4.3 Financial Performance
17
4.4 SWOT Snapshot 17
5 Business Description 18
5.1 Business
Overview 18
5.2 Oncology Product Line 18
5.2.1 Overview 18
5.2.2
Financials 18
5.2.3 Key Strategies 18
5.3 Other Products Product Line
18
5.3.1 Overview 18
5.3.2 Financials 18
5.4 Surgical Specialties
Product Line 19
5.4.1 Overview 19
5.4.2 Financials 19
5.4.3 Market
View 19
5.4.4 Key Strategies 19
5.5 Urology Product Line 19
5.5.1
Overview 19
5.5.2 Financials 20
5.5.3 Market View 20
5.5.4 Key
Strategies 20
5.6 Vascular Product Line 20
5.6.1 Overview 20
5.6.2
Financials 20
5.6.3 Market View 20
5.6.4 Key Strategies 20
5.7
Major Products and Services 21
5.7.1 Overview 21
6 History 23
7
Business Strategy 26
7.1 Mission Statement 26
7.2 Strategy 26
7.3
Corporate Social Responsibility 26
7.3.1 Overview 26
7.3.2 Specific
CSR Initiatives 26
8 Value Chain Analysis 28
8.1 Manufacturing 28
8.1.1 In House Manufacturing 28
8.2 Product Development 29
8.2.1
Regulatory Approvals 29
8.2.2 Clinical Trials 29
8.2.3 Research and
Development 29
8.3 Sales and Marketing 29
8.3.1 Partnerships and
Alliances 29
8.3.2 Licensing Agreements 30
8.3.3 E-distribution 30
9 SWOT Analysis 31
9.1 Overview 31
9.2 C.R. Bard, Inc. Strengths
31
9.2.1 Sound Financial Position 31
9.2.2 Diverse Product Portfolio
32
9.2.3 Patent Rights 32
9.3 C.R. Bard, Inc. Weaknesses 32
9.3.1
Rising Operating Expenses 32
9.3.2 Voluntary Product Recalls 32
9.3.3
Dependence on the U.S. Market 33
9.4 C.R. Bard, Inc. Opportunities 33
9.4.1 Entrance into the Absorbable Barrier Mesh Market 33
9.4.2
Acquisitions 33
9.4.3 Product Approval 33
9.5 C.R. Bard, Inc. Threats
34
9.5.1 Rapid Technological Change and Intense Competition 34
9.5.2
Governmental Investigations 34
9.5.3 Changes in Healthcare Reimbursement
Systems 34
10 Competitors 35
11 C.R. Bard, Inc. Medical Equipment
Market Share Analysis 36
11.1 C.R. Bard, Inc., Medical Equipment by
Market, Global, Market Share (2007) 36
11.2 C.R. Bard, Inc., Medical
Equipment by Market, APAC, Market Share (2007) 38
11.3 C.R. Bard, Inc.,
Medical Equipment by Market, Europe, Market Share (2007) 40
11.4 C.R.
Bard, Inc., Medical Equipment by Market, MEA, Market Share (2007) 42
11.5
C.R. Bard, Inc., Medical Equipment by Market, North America, Market Share
(2007) 43
11.6 C.R. Bard, Inc., Medical Equipment by Market, SCA, Market
Share (2007) 45
12 C.R. Bard, Inc. Medical Equipment Market Share Analysis
by Category 47
12.1 C.R. Bard, Inc., Global, Market Share (2007) 47
12.2 C.R. Bard, Inc., APAC, Market Share (2007) 49
12.3 C.R. Bard, Inc.,
Europe, Market Share (2007) 61
12.4 C.R. Bard, Inc., MEA, Market Share
(2007) 75
12.5 C.R. Bard, Inc., North America, Market Share (2007) 77
12.6 C.R. Bard, Inc., SCA, Market Share (2007) 83
13 Revenue Analysis
89
13.1 Revenue by Segment 89
13.2 Revenue by Geography 89
14
Financial and Operational Review 91
14.1 Financial Statements 91
14.2
Financial Ratios 92
15 Share Holding Structure 93
16 Key Employees
94
17 Key Employee Biographies 95
18 Company Statement 96
19
Locations And Subsidiaries 100
19.1 Head Office 100
19.2 Other
Locations & Subsidiaries 100
20 Financial Deals Landscape 103
20.1
Asset Purchase 103
20.1.1 Edwards Lifesciences Sells LifeStent Product
Line Assets to C.R. Bard 103
20.1.2 Bard Acquires Stent Technology Assets
from PST 105
20.1.3 Bard Acquires Certain Assets from Genyx Medical
106
20.1.4 CONMED Acquires Endoscopic Technologies Product Line from C.R.
Bard 107
20.1.5 C. R. Bard Acquires Assets of Onux Medical 109
20.2
Acquisition 110
20.2.1 C. R. Bard Acquires Specialized Health Products
International 110
20.2.2 Bard Acquires Venetec International 112
20.2.3 Maximus Medical Signs an Agreement With C.R. Bard 113
20.2.4 C. R.
Bard Enters Into A Licensing Agreement with Genzyme 114
20.2.5 Tissue
Science Laboratories Enters Into Agreement with C.R. Bard 116
21 Recent
Developments 118
21.1 Product Announcements 118
21.1.1 Aug 20, 2008
C. R. Bard Inc. Published Clinical Study Results of Agento I.C. Silver-Coated
Endotracheal Tube 118
21.1.2 Jun 02, 2008 Edwards Lifesciences
Corporation (EW) Receives Additional Questions From The FDA About The
LifeStent Product Line 118
21.1.3 Jan 14, 2008 Edwards Lifesciences
Completes Sale of LifeStent Product Line to Bard 118
21.1.4 Dec 10, 2007
C.R. Bard Signs Agreement to Acquire LifeStent from Edwards Lifesciences
Corporation (EW) For $74M And Up To an Additional $65M on Milestones 118
21.1.5 Dec 07, 2007 Edwards Lifesciences to Sell LifeStent Product Line To
Bard 119
21.1.6 Nov 08, 2007 Bard Receives Clearance to Market Agento IC
Silver-Coated Endotracheal Tube 119
21.1.7 Oct 23, 2007 Edwards'
Resilient Trial Demonstrates Statistically Superior Results For Treating
Peripheral Arterial Disease in The Leg 119
21.1.8 Oct 12, 2007 C.R. Bard
Signs Agreement to Acquire LifeStent from Edwards Lifesciences Corporation
119
21.1.9 Jul 23, 2004 First Patient Treated In Clinical Trial of
Edwards LifeStent Self-Expanding Stent For Treating Peripheral Vascular
Disease 120
21.1.10 Dec 12, 2007: Bard Announces Patent Infringement
Verdict Against W. L. Gore 120
21.2 Financial Announcements 121
21.2.1
Jul 23, 2008: Bard Reports 2Q 2008 Results 121
21.2.2 Jun 11, 2008: Bard
Reports Quarterly Dividend 121
21.2.3 Apr 23, 2008: Bard Reports Q1 2008
Results 121
21.2.4 Apr 16, 2008: Bard Reports Quarterly Dividend 122
21.2.5 Apr 15, 2008: Bard to Declare Q1 2008 Results 122
21.2.6 Jan 31,
2008: Bard Reports Q4 2007 Results 122
21.2.7 Dec 12, 2007: Bard Declares
Quarterly Dividend 123
21.2.8 Oct 23, 2007: Bard Reports Q3 2007 Results
123
21.2.9 Oct 10, 2007: Bard Announces Share Repurchase Program 124
21.2.10 Oct 10, 2007: Bard Declares Quarterly Dividend 124
21.2.11 Jul 24,
2007: Bard Reports Q2 2007 Results 124
21.2.12 Jun 13, 2007: Bard Declares
Quarterly Dividend 126
21.2.13 Apr 24, 2007: Bard Reports Q1 2007 Results
126
21.2.14 Apr 18, 2007: Bard Declares Quarterly Dividend 126
21.2.15
Jan 25, 2007: Bard Reports Q4 2006 Results 127
21.3 Other Significant
Developments 129
21.3.1 Jul 30, 2008: US District Court Rules In Favor Of
Bard on Patent Violation Suit against Gore 129
21.3.2 Jun 25, 2008: Bard
Announces Executive Promotion 129
21.3.3 Dec 12, 2007: CR Bard Wins Patent
Infringement Case with W.L. Gore 129
22 C.R. Bard, Inc. Pipeline Products
130
22.1 VIVEXX Carotid Stent 130
22.1.1 Product Overview 130
22.1.2 Product Description 130
22.1.3 Product Status 130
22.1.4
Clinical Trials 131
22.2 Bard Pulsed RF Ablation System 132
22.2.1
Product Overview 132
22.2.2 Product Description 132
22.2.3 Product
Status 132
22.2.4 Clinical Trials 132
22.2.5 Product Patent Details
134
22.3 BARD HD MESH Ablation System 134
22.3.1 Product Overview
134
22.3.2 Product Description 134
22.3.3 Product Status 135
22.4
Bard Scorpion Ablation Catheter 135
22.4.1 Product Overview 135
22.4.2
Product Description 135
22.4.3 Product Status 136
22.4.4 Product
Patent Details 136
22.5 BARD HD MESH Mapper Catheter 136
22.5.1
Product Overview 136
22.5.2 Product Description 136
22.5.3 Product
Status 137
22.5.4 Product Patent Details 137
22.5.5 Product Patent
Details 137
22.5.6 Product Patent Details 138
22.6 LifeStent 138
22.6.1 Product Overview 138
22.6.2 Product Description 138
22.6.3
Product Status 139
22.6.4 Clinical Trials 139
22.6.5 Product Milestone
139
22.7 E-LUMINEXX iliac stent 140
22.7.1 Product Overview 140
22.7.2 Product Description 140
22.7.3 Product Status 140
22.7.4
Clinical Trials 141
22.7.5 Product Milestone 142
22.8 Next generation
Bardex I.C. Foley catheter 142
22.8.1 Product Overview 142
22.8.2
Product Description 142
22.8.3 Product Status 143
22.8.4 Clinical
Trials 143
22.9 RESTORe Suturing System 144
22.9.1 Product Overview
144
22.9.2 Product Description 144
22.9.3 Product Status 144
22.9.4 Clinical Trials 145
23 Appendix 147
23.1 Global Markets Direct
Research Methodology 147
23.2 Coverage 148
23.3 Secondary Research
148
23.4 Primary Research 149
23.5 Models 149
23.6 Forecasts
150
23.7 Expert Panels 150
23.8 Market Revenue Chapters 150
23.8.1
Abbreviations 150
23.8.2 Currency Conversions 151
23.9 About Global
Markets Direct 152
23.10 Contact Us 152
23.11 Disclaimer 152
1.1 List of Tables
Table 1: C.R. Bard, Inc., Key Facts, 2007 17
Table 2: C.R. Bard, Inc., SWOT Analysis, 2007 31
Table 3: C.R. Bard,
Inc. Cardiovascular Devices by Geography, Global, Revenue ($ mn) and Market
Share (%), 2007 36
Table 4: C.R. Bard, Inc. Nephrology and Urology Devices
by Geography, Global, Revenue ($ mn) and Market Share (%), 2007 37
Table
5: C.R. Bard, Inc. Cardiovascular Devices by Geography, APAC, Revenue ($ mn)
and Market Share (%), 2007 38
Table 6: C.R. Bard, Inc. Nephrology and
Urology Devices by Geography, APAC, Revenue ($ mn) and Market Share (%), 2007
39
Table 7: C.R. Bard, Inc. Cardiovascular Devices by Geography, Europe,
Revenue ($ mn) and Market Share (%), 2007 40
Table 8: C.R. Bard, Inc.
Nephrology and Urology Devices by Geography, Europe, Revenue ($ mn) and Market
Share (%), 2007 41
Table 9: C.R. Bard, Inc. Cardiovascular Devices by
Geography, MEA, Revenue ($ mn) and Market Share (%), 2007 42
Table 10:
C.R. Bard, Inc. Nephrology and Urology Devices by Geography, MEA, Revenue ($
mn) and Market Share (%), 2007 42
Table 11: C.R. Bard, Inc. Cardiovascular
Devices by Geography, North America, Revenue ($ mn) and Market Share (%), 2007
43
Table 12: C.R. Bard, Inc. Nephrology and Urology Devices by Geography,
North America, Revenue ($ mn) and Market Share (%), 2007 44
Table 13: C.R.
Bard, Inc. Cardiovascular Devices by Geography, SCA, Revenue ($ mn) and Market
Share (%), 2007 45
Table 14: C.R. Bard, Inc. Nephrology and Urology
Devices by Geography, SCA, Revenue ($ mn) and Market Share (%), 2007 46
Table 15: C.R. Bard, Inc. Medical Equipment by Category, Global, Revenue ($
mn) and Market Share (%), 2007 48
Table 16: C.R. Bard, Inc. Medical
Equipment by Category, APAC, Revenue ($ mn) and Market Share (%), 2007 50
Table 17: C.R. Bard, Inc. Medical Equipment by Category, Australia, Revenue ($
mn) and Market Share (%), 2007 52
Table 18: C.R. Bard, Inc. Medical
Equipment by Category, China, Revenue ($ mn) and Market Share (%), 2007 54
Table 19: C.R. Bard, Inc. Medical Equipment by Category, India, Revenue ($ mn)
and Market Share (%), 2007 56
Table 20: C.R. Bard, Inc. Medical Equipment
by Category, Japan, Revenue ($ mn) and Market Share (%), 2007 58
Table 21:
C.R. Bard, Inc. Medical Equipment by Category, "Others", Revenue ($ mn) and
Market Share (%), 2007 60
Table 22: C.R. Bard, Inc. Medical Equipment by
Category, Europe, Revenue ($ mn) and Market Share (%), 2007 62
Table 23:
C.R. Bard, Inc. Medical Equipment by Category, France, Revenue ($ mn) and
Market Share (%), 2007 64
Table 24: C.R. Bard, Inc. Medical Equipment by
Category, Germany, Revenue ($ mn) and Market Share (%), 2007 66
Table 25:
C.R. Bard, Inc. Medical Equipment by Category, Italy, Revenue ($ mn) and
Market Share (%), 2007 68
Table 26: C.R. Bard, Inc. Medical Equipment by
Category, Spain, Revenue ($ mn) and Market Share (%), 2007 70
Table 27:
C.R. Bard, Inc. Medical Equipment by Category, United Kingdom, Revenue ($ mn)
and Market Share (%), 2007 72
Table 28: C.R. Bard, Inc. Medical Equipment
by Category, "Others", Revenue ($ mn) and Market Share (%), 2007 74
Table
29: C.R. Bard, Inc. Medical Equipment by Category, MEA, Revenue ($ mn) and
Market Share (%), 2007 76
Table 30: C.R. Bard, Inc. Medical Equipment by
Category, North America, Revenue ($ mn) and Market Share (%), 2007 78
Table 31: C.R. Bard, Inc. Medical Equipment by Category, Canada, Revenue ($
mn) and Market Share (%), 2007 80
Table 32: C.R. Bard, Inc. Medical
Equipment by Category, United States, Revenue ($ mn) and Market Share (%),
2007 82
Table 33: C.R. Bard, Inc. Medical Equipment by Category, SCA,
Revenue ($ mn) and Market Share (%), 2007 84
Table 34: C.R. Bard, Inc.
Medical Equipment by Category, Brazil, Revenue ($ mn) and Market Share (%),
2007 86
Table 35: C.R. Bard, Inc. Medical Equipment by Category, "Others",
Revenue ($ mn) and Market Share (%), 2007 88
Table 36: C.R. Bard,
Inc., Revenue by Segment, USD Thousand, 2003-2007 89
Table 37: C.R.
Bard, Inc., Revenue by Geography, USD Thousand, 2003-2007 90
Table 38:
C.R. Bard, Inc., Financial Statements, USD Thousand, 2003-2007 91
Table
39: C.R. Bard, Inc., Financial Ratios, USD Thousand, 2003-2007 92
Table 40: C.R. Bard, Inc., Share Holding Structure 93
Table 41:
C.R. Bard, Inc.,Key Employees, 2007 94
Table 42: C.R. Bard, Inc.,
Other Locations 100
Table 43: C.R. Bard, Inc., Subsidiaries 102
Table 44: Abbreviations used in the Market Revenue Chapters 150
Table 45:
Currency Conversion from USD to Local Currency at 2007 Constant Rate 151
1.2 List of Figures
Figure 1: C.R. Bard, Inc., Value Chain
Analysis 28
Figure 2: C.R. Bard, Inc. Cardiovascular Devices, Global,
Share of Market (%), 2007 36
Figure 3: C.R. Bard, Inc. Nephrology and
Urology Devices, Global, Share of Market (%), 2007 37
Figure 4: C.R. Bard,
Inc. Cardiovascular Devices, APAC, Share of Market (%), 2007 38
Figure 5:
C.R. Bard, Inc. Nephrology and Urology Devices, APAC, Share of Market (%),
2007 39
Figure 6: C.R. Bard, Inc. Cardiovascular Devices, Europe, Share of
Market (%), 2007 40
Figure 7: C.R. Bard, Inc. Nephrology and Urology
Devices, Europe, Revenue ($ mn) and Market Share (%), 2007 41
Figure 8:
C.R. Bard, Inc. Cardiovascular Devices, North America, Share of Market (%),
2006 43
Figure 9: C.R. Bard, Inc. Nephrology and Urology Devices, North
America, Revenue ($ mn) and Market Share (%), 2007 44
Figure 10: C.R.
Bard, Inc. Cardiovascular Devices, SCA, Share of Market (%), 2006 45
Figure 11: C.R. Bard, Inc. Nephrology and Urology Devices, SCA, Revenue ($ mn)
and Market Share (%), 2007 46
Figure 12: C.R. Bard, Inc. Medical Equipment
by Category, Global, Revenue Share (%), 2007 47
Figure 13: C.R. Bard, Inc.
Medical Equipment by Category, Global, Share of Market (%), 2007 48
Figure
14: C.R. Bard, Inc. Medical Equipment by Category, APAC, Revenue Share (%),
2007 49
Figure 15: C.R. Bard, Inc. Medical Equipment by Category, APAC,
Share of Market (%), 2007 50
Figure 16: C.R. Bard, Inc. Medical Equipment
by Category, Australia, Revenue Share (%), 2007 51
Figure 17: C.R. Bard,
Inc. Medical Equipment by Category, Australia, Share of Market (%), 2007
52
Figure 18: C.R. Bard, Inc. Medical Equipment by Category, China,
Revenue Share (%), 2007 53
Figure 19: C.R. Bard, Inc. Medical Equipment by
Category, China, Share of Market (%), 2007 54
Figure 20: C.R. Bard, Inc.
Medical Equipment by Category, India, Revenue Share (%), 2007 55
Figure
21: C.R. Bard, Inc. Medical Equipment by Category, India, Share of Market (%),
2007 56
Figure 22: C.R. Bard, Inc. Medical Equipment by Category, Japan,
Revenue Share (%), 2007 57
Figure 23: C.R. Bard, Inc. Medical Equipment by
Category, Japan, Share of Market (%), 2007 58
Figure 24: C.R. Bard, Inc.
Medical Equipment by Category, "Others", Revenue Share (%), 2007 59
Figure
25: C.R. Bard, Inc. Medical Equipment by Category, "Others", Share of Market
(%), 2007 60
Figure 26: C.R. Bard, Inc. Medical Equipment by Category,
Europe, Revenue Share (%), 2007 61
Figure 27: C.R. Bard, Inc. Medical
Equipment by Category, Europe, Share of Market (%), 2007 62
Figure 28:
C.R. Bard, Inc. Medical Equipment by Category, France, Revenue Share (%), 2007
63
Figure 29: C.R. Bard, Inc. Medical Equipment by Category, France, Share
of Market (%), 2007 64
Figure 30: C.R. Bard, Inc. Medical Equipment by
Category, Germany, Revenue Share (%), 2007 65
Figure 31: C.R. Bard, Inc.
Medical Equipment by Category, Germany, Share of Market (%), 2007 66
Figure 32: C.R. Bard, Inc. Medical Equipment by Category, Italy, Revenue Share
(%), 2007 67
Figure 33: C.R. Bard, Inc. Medical Equipment by Category,
Italy, Share of Market (%), 2007 68
Figure 34: C.R. Bard, Inc. Medical
Equipment by Category, Spain, Revenue Share (%), 2007 69
Figure 35: C.R.
Bard, Inc. Medical Equipment by Category, Spain, Share of Market (%), 2007
70
Figure 36: C.R. Bard, Inc. Medical Equipment by Category, United
Kingdom, Revenue Share (%), 2007 71
Figure 37: C.R. Bard, Inc. Medical
Equipment by Category, United Kingdom, Share of Market (%), 2007 72
Figure
38: C.R. Bard, Inc. Medical Equipment by Category, "Others", Revenue Share
(%), 2007 73
Figure 39: C.R. Bard, Inc. Medical Equipment by Category,
"Others", Share of Market (%), 2007 74
Figure 40: C.R. Bard, Inc. Medical
Equipment by Category, MEA, Revenue Share (%), 2007 75
Figure 41: C.R.
Bard, Inc. Medical Equipment by Category, MEA, Share of Market (%), 2007
76
Figure 42: C.R. Bard, Inc. Medical Equipment by Category, North
America, Revenue Share (%), 2007 77
Figure 43: C.R. Bard, Inc. Medical
Equipment by Category, North America, Share of Market (%), 2007 78
Figure
44: C.R. Bard, Inc. Medical Equipment by Category, Canada, Revenue Share (%),
2007 79
Figure 45: C.R. Bard, Inc. Medical Equipment by Category, Canada,
Share of Market (%), 2007 80
Figure 46: C.R. Bard, Inc. Medical Equipment
by Category, United States, Revenue Share (%), 2007 81
Figure 47: C.R.
Bard, Inc. Medical Equipment by Category, United States, Share of Market (%),
2007 82
Figure 48: C.R. Bard, Inc. Medical Equipment by Category, SCA,
Revenue Share (%), 2007 83
Figure 49: C.R. Bard, Inc. Medical Equipment by
Category, SCA, Share of Market (%), 2007 84
Figure 50: C.R. Bard, Inc.
Medical Equipment by Category, Brazil, Revenue Share (%), 2007 85
Figure
51: C.R. Bard, Inc. Medical Equipment by Category, Brazil, Share of Market
(%), 2007 86
Figure 52: C.R. Bard, Inc. Medical Equipment by Category,
"Others", Revenue Share (%), 2007 87
Figure 53: C.R. Bard, Inc. Medical
Equipment by Category, "Others", Share of Market (%), 2007 88
Figure 54:
Global Markets Direct Methodology 147
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