1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 Introduction 12
2.1 What Is This Report About? 12
3 Definitions of Markets/Categories Covered 13
3.1 Interventional Neurology 13
3.2 Peripheral Vascular Devices 13
4 Company Snapshot 14
4.1 Key Information 14
4.2 Company Overview 14
4.3 SWOT Snapshot 14
5 Business Description 15
5.1 Business Overview 15
5.2 Neurovascular Segment 15
5.2.1 Overview 15
5.2.2 Financials 15
5.2.3 Market View 15
5.2.4 Key Strategies 16
5.3 Peripheral Vascular Segment 16
5.3.1 Overview 16
5.3.2 Financials 16
5.3.3 Market View 16
5.3.4 Key Strategies 16
5.4 Major Products and Services 17
5.4.1 Overview 17
6 History 19
7 SWOT Analysis 21
7.1 Overview 21
7.2 ev3 Inc. Strengths 21
7.2.1 Efficient Use of Resources 21
7.2.2 Expanding Operating Margin 22
7.2.3 Diversified Endovascular Product Portfolio 22
7.2.4 Expanding Market Share in the Sector 22
7.2.5 Sturdy Research Activities 22
7.3 ev3 Inc. Weaknesses 23
7.3.1 Decreased Demand for Plaque Excision Products 23
7.3.2 Product Recalls 23
7.4 ev3 Inc. Opportunities 23
7.4.1 Growing Peripheral Vascular Device Market 23
7.4.2 Growing Aged Population 23
7.4.3 Market Growth in Emerging Economies 24
7.4.4 Strategic Acquisitions 24
7.4.5 Robust Pipeline Products 24
7.5 ev3 Inc. Threats 24
7.5.1 Stringent Government Regulations 24
7.5.2 Rapid Technological Changes 25
7.5.3 Competitive Landscape 25
7.5.4 Industry Consolidation Challenges 25
7.5.5 Cost Containment Pressures 25
8 Competitors 26
9 Competitive Landscape 27
9.1 Peripheral Vascular Devices, Global, Market Share (%), 2010 27
9.2 Interventional Neurology, Global, Market Share (%), 2010 29
10 ev3 Inc. Medical Equipment Market Share Analysis 30
10.1 ev3 Inc., Global, Market Share (2010) 30
10.2 ev3 Inc., Asia-Pacific, Market Share (2010) 32
10.2.1 ev3 Inc., Australia, Market Share (2010) 34
10.2.2 ev3 Inc., China, Market Share (2010) 36
10.2.3 ev3 Inc., India, Market Share (2010) 38
10.2.4 ev3 Inc., Japan, Market Share (2010) 40
10.2.5 ev3 Inc., Other Asia-Pacific, Market Share (2010) 42
10.3 ev3 Inc., Europe, Market Share (2010) 44
10.3.1 ev3 Inc., France, Market Share (2010) 46
10.3.2 ev3 Inc., Germany, Market Share (2010) 48
10.3.3 ev3 Inc., Italy, Market Share (2010) 50
10.3.4 ev3 Inc., Spain, Market Share (2010) 52
10.3.5 ev3 Inc., United Kingdom, Market Share (2010) 54
10.3.6 ev3 Inc., Other Europe, Market Share (2010) 56
10.4 ev3 Inc., Middle East and Africa, Market Share (2010) 58
10.5 ev3 Inc., North America, Market Share (2010) 59
10.5.1 ev3 Inc., Canada, Market Share (2010) 61
10.5.2 ev3 Inc., United States, Market Share (2010) 63
10.6 ev3 Inc., South and Central America, Market Share (2010) 65
10.6.1 ev3 Inc., Brazil, Market Share (2010) 67
10.6.2 ev3 Inc., Other South and Central America, Market Share (2010) 69
11 Key Employees 71
12 Key Employee Biographies 72
13 Locations And Subsidiaries 73
13.1 Head Office 73
13.2 Other Locations & Subsidiaries 73
14 Financial Deals Landscape 75
14.1 ev3 Inc., Deals Volume Summary, 2006 to YTD 2011 75
15 ev3 Inc. Detailed Deal Summary 77
15.1 Venture Financing 77
15.1.1 Chestnut Medical Technologies Secures $7.8 Million In Venture Financing 77
15.1.2 Chestnut Medical Technologies Secures $0.83 Million In Series B Financing 78
15.1.3 Alsius Secures $10 Million In Series E Financing 79
15.2 Partnerships 80
15.2.1 ev3 Terminates Agreement With Bacchus Vascular 80
15.2.2 ev3 Enters Into Distribution Agreement With Lepu Medical 81
15.2.3 Volcano Signs An Agreement With ev3 82
15.2.4 ev3 And Foxhollow Enter Into Distribution Agreement 83
15.2.5 ev3 Enters Into An Agreement With Invatec 84
15.3 Equity Offering 85
15.3.1 ev3 Completes Public Offering Of $47.5 Million 85
15.3.2 ev3 Completes Initial Public Offering Of $164.71 Million 87
15.3.3 Micro Therapeutics Completes Private Placement Of 7% Exchangeable Notes For $21 Million 88
15.4 Asset Transactions 89
15.4.1 Atritech Completes Acquisition Of Intellectual Property From ev3 Endovascular 89
15.4.2 Edwards Acquires Percutaneous Heart Valve Technology From ev3 91
15.5 Acquisition 92
15.5.1 Covidien Completes Acquisition Of ev3 For $2.6 Billion 92
15.5.2 ev3 Completes Acquisition Of Chestnut Medical Technologies 94
15.5.3 ev3 Acquires Foxhollow Technologies 96
15.5.4 ev3 Acquires Micro Therapeutics 98
16 Recent Developments 99
16.1 Strategy And Business Planning 99
16.1.1 Jun 11, 2010: Ev3 To Expand Peripheral Vascular Manufacturing Facility In Minnesota 99
16.2 Financial Announcements 99
16.2.1 Apr 29, 2010: ev3 Reports Net Income Of $9.8 Million In Q1 2010 99
16.2.2 Feb 18, 2010: ev3 Reports Net Income Of $41.9 Million In 2009 100
16.2.3 Oct 27, 2009: ev3 Reports Net Income Of $6.7 Million In Q3 2009 101
16.2.4 Jul 28, 2009: ev3 Posts Net Income Of $24 Million In Q2 2009 103
16.2.5 Apr 28, 2009: ev3 Posts Net Loss Of $1.8 Million In Q1 2009 103
16.2.6 Feb 24, 2009: ev3 Reports 2008 Results 104
16.2.7 Oct 31, 2008: ev3 Reports 3Q 2008 Results 106
16.2.8 Jul 28, 2008: ev3 Reports 2Q 2008 Results 108
16.2.9 May 02, 2008: ev3 Reports Q1 2008 Results 110
16.2.10 Apr 18, 2008: ev3 To Declare Q1 2008 Results 111
16.2.11 Feb 22, 2008: ev3 Reports Q4 2007 Results 111
16.2.12 Feb 08, 2008: ev3 To Declare Q4 And 2007 Results 113
16.2.13 Jan 07, 2008: ev3 Reports Preliminary Q4 2007 Results and Revised 2008 Guidance 113
16.2.14 Oct 31, 2007: ev3 Reports Q3 2007 Results 114
16.2.15 Jul 22, 2007: ev3 Reports Q2 2007 Results 116
16.2.16 Apr 27, 2007: ev3 Reports Q1 2007 Results 118
16.2.17 Feb 20, 2007: ev3 Reports Year-End 2006 Results 119
16.2.18 Oct 20, 2006: ev3 Reports Q3 2006 Results 120
16.2.19 Jul 28, 2006: ev3 Reports Q2 2006 Results 121
16.3 Corporate Communications 123
16.3.1 Dec 15, 2009: Ev3 Promotes Pascal E.R. Girin To EVP, COO And David Mowry To SVP, President 123
16.3.2 Jan 09, 2009: ev3 Announces Management Changes 123
16.3.3 Dec 03, 2008: ev3 Appoints New Board Member 124
16.3.4 Aug 04, 2008: ev3 Appoints New Board Member 124
16.3.5 Jul 21, 2008: ev3 Announces Management Changes 124
16.3.6 Apr 07, 2008: ev3 Announces Management Changes 125
16.3.7 Feb 08, 2008: ev3 Chief Scientist And Board Member Resigns 125
16.3.8 Feb 27, 2007: ev3 Appoints New Director 126
16.4 Legal and Regulatory 126
16.4.1 Nov 02, 2010: CSI Settles Employee Lawsuit With ev3 126
16.4.2 Jul 06, 2010: ev3 Agrees To Settle Stockholder Litigation 126
16.4.3 Jun 01, 2010: Finkelstein Thompson LLP Announces Investigation Of ev3 127
16.5 Product News 127
16.5.1 Apr 11, 2011: Covidien Completes Patient Enrollment In Post-Market Study Of SilverHawk Atherectomy System 127
16.5.2 Dec 23, 2010: ev3 Initiates Voluntary Recall Of Specific Lots Of NanoCross 0.014" OTW PTA Dilatation Catheter 127
16.5.3 Jun 21, 2010: ev3 Announces Acceptance Of PMA Application Of Pipeline Embolization Device By FDA 128
16.5.4 May 18, 2010: ev3 Files PMA Application For Its Pipeline Embolization Device 128
16.5.5 May 10, 2010: ev3 Endovascular To Complete SWIFT Study For Solitaire FR Revascularization Device In Second Half Of 2011 129
16.5.6 Apr 26, 2010: ev3 Announces Completion Of Patient Enrollment In DURABILITY II Study For EverFlex Self-Expanding Stent System 129
16.5.7 Jan 05, 2010: ev3 Announces Trailblazer Support Catheter Recall 130
16.5.8 ec 09, 2008: ev3 Inc Receives FDA Clearance To Market EverCross Peripheral Angioplasty Balloons 130
16.5.9 Dec 18, 2007: ev3 Introduces New Enhanced Offering For The Treatment Of Peripheral Artery Disease 130
16.5.10 Dec 18, 2007: ev3 Introduces New Enhanced Offerings For The Treatment Of Peripheral Artery Disease 130
16.5.11 Jun 04, 2007: ev3 Receives Conditional IDE Approval To Study Use Of Protégé EverFlex Self-Expanding Stent System In The Treatment Of Peripheral Artery Disease 131
16.5.12 Apr 02, 2007: FoxHollow Filled 510(k) For The NightHawk System 131
17 Appendix 132
17.1 Research Methodology 133
17.2 Secondary Research 133
17.3 Primary Research 134
17.4 Models 134
17.5 Forecasts 135
17.6 Expert Panels 135
17.7 GlobalData Consulting 135
17.8 Currency Conversion 136
17.9 Contact Us 137
17.10 Disclaimer 137
List of Tables
Table 1: ev3 Inc., Key Facts, 2010 14
Table 2: ev3 Inc., SWOT Analysis, 2010 21
Table 3: Peripheral Vascular Devices, Global, Company Share by Revenue ($m), 2010 28
Table 4: Interventional Neurology, Global, Company Share by Revenue ($m), 2010 29
Table 5: ev3 Inc., Medical Equipment, Global, Revenue ($m) and Market Share (%), 2010 31
Table 6: ev3 Inc., Medical Equipment, Asia-Pacific, Revenue ($m) and Market Share (%), 2010 33
Table 7: ev3 Inc., Medical Equipment, Australia, Revenue ($m) and Market Share (%), 2010 35
Table 8: ev3 Inc., Medical Equipment, China, Revenue ($m) and Market Share (%), 2010 37
Table 9: ev3 Inc., Medical Equipment, India, Revenue ($m) and Market Share (%), 2010 39
Table 10: ev3 Inc., Medical Equipment, Japan, Revenue ($m) and Market Share (%), 2010 41
Table 11: ev3 Inc., Medical Equipment, Other Asia-Pacific, Revenue ($m) and Market Share (%), 2010 43
Table 12: ev3 Inc., Medical Equipment, Europe, Revenue ($m) and Market Share (%), 2010 45
Table 13: ev3 Inc., Medical Equipment, France, Revenue ($m) and Market Share (%), 2010 47
Table 14: ev3 Inc., Medical Equipment, Germany, Revenue ($m) and Market Share (%), 2010 49
Table 15: ev3 Inc., Medical Equipment, Italy, Revenue ($m) and Market Share (%), 2010 51
Table 16: ev3 Inc., Medical Equipment, Spain, Revenue ($m) and Market Share (%), 2010 53
Table 17: ev3 Inc., Medical Equipment, United Kingdom, Revenue ($m) and Market Share (%), 2010 55
Table 18: ev3 Inc., Medical Equipment, Other Europe, Revenue ($m) and Market Share (%), 2010 57
Table 19: ev3 Inc., Medical Equipment, Middle East and Africa, Revenue ($m) and Market Share (%), 2010 58
Table 20: ev3 Inc., Medical Equipment, North America, Revenue ($m) and Market Share (%), 2010 60
Table 21: ev3 Inc., Medical Equipment, Canada, Revenue ($m) and Market Share (%), 2010 62
Table 22: ev3 Inc., Medical Equipment, United States, Revenue ($m) and Market Share (%), 2010 64
Table 23: ev3 Inc., Medical Equipment, South and Central America, Revenue ($m) and Market Share (%), 2010 66
Table 24: ev3 Inc., Medical Equipment, Brazil, Revenue ($m) and Market Share (%), 2010 68
Table 25: ev3 Inc., Medical Equipment, Other South and Central America, Revenue ($m) and Market Share (%), 2010 70
Table 26: ev3 Inc., Key Employees 71
Table 27: ev3 Inc., Other Locations 73
Table 28: ev3 Inc., Subsidiaries 74
Table 29: ev3 Inc., Deals Volume Summary, 2006 to YTD 2011 75
Table 30: ev3 Inc., Deals Summary, 2006 to YTD 2011 76
Table 31: Chestnut Medical Technologies Secures $7.8 Million In Venture Financing 77
Table 32: Chestnut Medical Technologies Secures $0.83 Million In Series B Financing 78
Table 33: Alsius Secures $10 Million In Series E Financing 79
Table 34: ev3 Terminates Agreement With Bacchus Vascular 80
Table 35: ev3 Enters Into Distribution Agreement With Lepu Medical 81
Table 36: Volcano Signs An Agreement With ev3 82
Table 37: ev3 And Foxhollow Enter Into Distribution Agreement 83
Table 38: ev3 Enters Into An Agreement With Invatec 84
Table 39: ev3 Completes Public Offering Of $47.5 Million 85
Table 40: ev3 Completes Initial Public Offering Of $164.71 Million 87
Table 41: Micro Therapeutics Completes Private Placement Of 7% Exchangeable Notes For $21 Million 88
Table 42: Atritech Completes Acquisition Of Intellectual Property From ev3 Endovascular 89
Table 43: Edwards Acquires Percutaneous Heart Valve Technology From ev3 91
Table 44: Covidien Completes Acquisition Of ev3 For $2.6 Billion 92
Table 45: ev3 Completes Acquisition Of Chestnut Medical Technologies 94
Table 46: ev3 Acquires Foxhollow Technologies 96
Table 47: ev3 Acquires Micro Therapeutics 98
Table 48: USD to Local Currency, Average Exchange Rate, 2010 136
List of Figures
Figure 1: Peripheral Vascular Devices, Global, Market Share (%), 2010 27
Figure 2: Interventional Neurology, Global, Market Share (%), 2010 29
Figure 3: ev3 Inc., Medical Equipment, Global, Revenue Share (%), 2010 30
Figure 4: ev3 Inc., Medical Equipment, Global, Market Share (%), 2010 31
Figure 5: ev3 Inc., Medical Equipment, Asia-Pacific, Revenue Share (%), 2010 32
Figure 6: ev3 Inc., Medical Equipment, Asia-Pacific, Market Share (%), 2010 33
Figure 7: ev3 Inc., Medical Equipment, Australia, Revenue Share (%), 2010 34
Figure 8: ev3 Inc., Medical Equipment, Australia, Market Share (%), 2010 35
Figure 9: ev3 Inc., Medical Equipment, China, Revenue Share (%), 2010 36
Figure 10: ev3 Inc., Medical Equipment, China, Market Share (%), 2010 37
Figure 11: ev3 Inc., Medical Equipment, India, Revenue Share (%), 2010 38
Figure 12: ev3 Inc., Medical Equipment, India, Market Share (%), 2010 39
Figure 13: ev3 Inc., Medical Equipment, Japan, Revenue Share (%), 2010 40
Figure 14: ev3 Inc., Medical Equipment, Japan, Market Share (%), 2010 41
Figure 15: ev3 Inc., Medical Equipment, Other Asia-Pacific, Revenue Share (%), 2010 42
Figure 16: ev3 Inc., Medical Equipment, Other Asia-Pacific, Market Share (%), 2010 43
Figure 17: ev3 Inc., Medical Equipment, Europe, Revenue Share (%), 2010 44
Figure 18: ev3 Inc., Medical Equipment, Europe, Market Share (%), 2010 45
Figure 19: ev3 Inc., Medical Equipment, France, Revenue Share (%), 2010 46
Figure 20: ev3 Inc., Medical Equipment, France, Market Share (%), 2010 47
Figure 21: ev3 Inc., Medical Equipment, Germany, Revenue Share (%), 2010 48
Figure 22: ev3 Inc., Medical Equipment, Germany, Market Share (%), 2010 49
Figure 23: ev3 Inc., Medical Equipment, Italy, Revenue Share (%), 2010 50
Figure 24: ev3 Inc., Medical Equipment, Italy, Market Share (%), 2010 51
Figure 25: ev3 Inc., Medical Equipment, Spain, Revenue Share (%), 2010 52
Figure 26: ev3 Inc., Medical Equipment, Spain, Market Share (%), 2010 53
Figure 27: ev3 Inc., Medical Equipment, United Kingdom, Revenue Share (%), 2010 54
Figure 28: ev3 Inc., Medical Equipment, United Kingdom, Market Share (%), 2010 55
Figure 29: ev3 Inc., Medical Equipment, Other Europe, Revenue Share (%), 2010 56
Figure 30: ev3 Inc., Medical Equipment, Other Europe, Market Share (%), 2010 57
Figure 31: ev3 Inc., Medical Equipment, North America, Revenue Share (%), 2010 59
Figure 32: ev3 Inc., Medical Equipment, North America, Market Share (%), 2010 60
Figure 33: ev3 Inc., Medical Equipment, Canada, Revenue Share (%), 2010 61
Figure 34: ev3 Inc., Medical Equipment, Canada, Market Share (%), 2010 62
Figure 35: ev3 Inc., Medical Equipment, United States, Revenue Share (%), 2010 63
Figure 36: ev3 Inc., Medical Equipment, United States, Market Share (%), 2010 64
Figure 37: ev3 Inc., Medical Equipment, South and Central America, Revenue Share (%), 2010 65
Figure 38: ev3 Inc., Medical Equipment, South and Central America, Market Share (%), 2010 66
Figure 39: ev3 Inc., Medical Equipment, Brazil, Revenue Share (%), 2010 67
Figure 40: ev3 Inc., Medical Equipment, Brazil, Market Share (%), 2010 68
Figure 41: ev3 Inc., Medical Equipment, Other South and Central America, Revenue Share (%), 2010 69
Figure 42: ev3 Inc., Medical Equipment, Other South and Central America, Market Share (%), 2010 70
Figure 43: ev3 Inc., Deals Volume Summary, 2006 to YTD 2011 75
Companies Mentioned
Abbott Laboratories
Accuray Incorporated
ASAHI INTECC CO., LTD.
B. Braun Melsungen AG
Biosense Webster, Inc.
BIOTRONIK SE & Co. KG
Boston Scientific Corporation
C.R. Bard, Inc.
Cadwell Laboratories, Inc.
CareFusion Corporation
Cordis Corporation
Covidien plc
Cyberonics, Inc.
DePuy, Inc.
Edwards Lifesciences Corporation
Elekta AB
Goodman Co., Ltd.
Integra LifeSciences Holdings Corporation
MAQUET GmbH & Co. KG
Medtronic, Inc.
Micrus Endovascular Corporation
Mizuho Ikakogyo Co., Ltd.
Natus Medical Incorporated
Nihon Kohden Corporation
Philips Healthcare
Sorin Group
St. Jude Medical, Inc.
Terumo Corporation
Thoratec Corporation