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Security Analysis

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Security Analysis
Edwards Lifesciences
Jesse Blair
Security Analysis
Edwards Lifesciences
Jesse Blair
2014
2014

Industry Analysis

Medical Appliances and Equipment
For this security analysis project I have chosen to research the medical equipment industry that specializes in artificial heart valves and related health products. This industry helps in the repair of cardiovascular diseases and critical care monitoring.
There are two different types of artificial heart valves. There is the Tissue heart valve which is commonly given to older patients and it has a lifespan from 10 to 15 years. It is safer for older adults because it has less chance for post operation bleeding which could be fatal.
The second type of heart valve is mechanical heart valve which has a lifespan of a patient’s lifetime. This type of valve has a higher risk of bleeding and requires for a patient to take blood thinner medication for the remainder of their life.
Top Competitors
When it comes to competitors there are three main groups that are leading the way in artificial heart valves and medical equipment. These companies are Edwards Lifesciences, Medtronic, and St. Jude Medical. You can examine the total revenues of the top three competitors on chart 1.

Chart 1
Discussing the Competitors
Medtronic Inc.
Medtronic is the largest of the three competitors with revenues of over 17 billion last year. They are currently in the process of acquiring Covidien, which has been put on hold due to the U.S. treasury department announcing new tax regulations that will discourage companies from moving overseas for tax breaks. If the acquisition goes through Medtronic plans on pushing expansion into China which is a huge growing market. Senior Analyst Debbie Wang, projects that sales in China could be over 2.2 Billion. Aside from heart devices, it is also a major player in spinal,

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