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Boston Scientific Corporation (NYSE: BSX)

Medical Devices ยท Marlborough, MA, United States ยท Founded 1979

$110.0B
Market Cap
$9.08B
Revenue
48,000
Employees
$2.0B
Net Income
๐Ÿ“Š Key Statistics for Boston Scientific Corporation (BSX)
  • Market capitalization: $110.0 billion
  • Annual revenue: $9.08 billion
  • Net income: $2.0 billion
  • Employees: 48,000
  • Sector: Healthcare
  • Headquarters: Marlborough, United States
  • Founded: 1979

Source: Statvoo company profile for Boston Scientific Corporation. Browse all 500+ companies

๐Ÿ“‹ About Boston Scientific Corporation

Boston Scientific is a global medical device company focused on interventional medical specialties including cardiology, urology, endoscopy, and neuromodulation. The company's products range from coronary stents and pacemakers to devices for chronic pain management and urological conditions. Boston Scientific has become particularly dominant in electrophysiology, the treatment of heart rhythm disorders.

๐Ÿ’ฐ How Boston Scientific Corporation Makes Money

Boston Scientific sells single-use and implantable medical devices to hospitals and ambulatory surgery centers globally. Revenue is driven by procedure volumes, new product launches, and geographic expansion into emerging markets where access to interventional procedures is growing rapidly.

๐Ÿ“œ Key Milestones

Founded in 1979 by John Abele and Pete Nicholas, Boston Scientific grew through the development of less-invasive medical devices. The $27 billion acquisition of Guidant in 2006 was a bruising battle with Johnson & Johnson that saddled the company with debt. A turnaround under CEO Mike Mahoney starting in 2012 restored growth and profitability.

๐Ÿ“Š Financial Overview
Market Capitalization$110.0B
Annual Revenue$9.08B
Net Income$2.0B
Profit Margin22%
Revenue per Employee$189167K
Stock ExchangeNYSE
Ticker SymbolBSX

Financial data is approximate and based on most recent annual filings.

๐Ÿ’ก Did You Know?

Boston Scientific's WATCHMAN device, which seals off the heart's left atrial appendage to prevent strokes, has created an entirely new treatment category. The company holds over 20,000 patents worldwide.

๐Ÿ“ Analyst Take

Boston Scientific's transformation from a debt-laden, scandal-plagued company to one of medtech's best growth stories is remarkable. The electrophysiology franchise is a crown jewel, and the pipeline suggests the momentum is sustainable.

โ“ Frequently Asked Questions

What is Boston Scientific Corporation's revenue?

Boston Scientific Corporation generates approximately $9.08 billion in annual revenue.

How many employees does Boston Scientific Corporation have?

Boston Scientific Corporation employs approximately 48,000 people worldwide.

What is Boston Scientific Corporation's market cap?

Boston Scientific Corporation (BSX) has a market capitalization of approximately $110.0 billion on the NYSE.

When was Boston Scientific Corporation founded?

Boston Scientific Corporation was founded in 1979 and is headquartered in Marlborough, MA, United States.

Who is the CEO of Boston Scientific Corporation?

Michael Mahoney is the current CEO of Boston Scientific Corporation.

What is Boston Scientific Corporation's website?

Boston Scientific Corporation's official website is bostonscientific.com.