Abstract
The first edition of Clinica' s Medical Technology Company League Tables
presents the financial information necessary to assess the performance of
leading medical technology manufacturers and suppliers worldwide. The market
changes rapidly and industry news is dominated by mergers and acquisitions,
making it more important than ever to keep up-to-date with what is happening
in this $260 billion industry. The report offers the knowhow required to
accurately assess the medical technology market, its segments and major
players, thus providing invaluable competitor intelligence for senior
executives and other decision makers. The information contained in this report
originates from disparate sources including annual reports and SEC filings,
analyst reports, questionnaires, personal correspondence and conference
material.
A wide spectrum of companies is involved in the market and their output ranges
from the production of components to complete instruments. Clinica' s League
Tables aims to compare the companies working in the major therapeutic areas:
cardiology; diagnostics; dialysis; electromedical; ophthalmology;
orthopaedics/prostheses; radiology therapy; respiratory; surgery; and wound
care.
Financial data is presented in a series of tables according to medical
technology sales value, sales growth, export sales, research and development
(R&D) expenditures (by percentage of sales and by nominal value),
profitability and number of employees. To present the financial data in a
comparable format, figures are converted from their local currencies to US
dollars. The exchange rates used are based on the average conversion rates for
2005 and it should therefore be kept in mind that exchange rate movements may
influence the financial figures.
Most companies report their year end results on 31 December. Some companies,
however, report on different dates with the majority of Japanese companies
reporting on 31 March. The League Table does not take into account the
different year ends and, for the purpose of the League Tables, and to be as
up-to-date as possible, 2005 figures are defined as fiscal years ended by July
2006.
Many of the companies featured in Clinica' s League Tables deal purely in
medical devices or diagnostics. In a number of cases, however, medical devices
represent only a proportion of business within a diverse conglomerate, as is
the case with Siemens and General Electric (GE). Companies are not required to
report details of financial figures for divisions below a certain size so
estimates provide the basis for its overall ranking. These figures are not
random guesses, though, but educated predictions based on a varied and
disparate set of sources. Some provide sales figures but no breakdowns beyond
that. In these cases the companies received an overall ranking based on
revenues while being omitted from the remaining league tables.
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