Explosive Growth Ahead for Outflow Tract Single Flap Patch Market, Says Edwards Lifesciences and Abbott
November 2, 2023
☀️Trending News
Edwards Lifesciences ($NYSE:EW), a leading provider of innovative, medical products and technologies, is expecting explosive growth in the Outflow Tract Single Flap Patch Market in the near future. Joining them in the prediction is Abbott, another major player in the industry. As a result, Edwards Lifesciences and Abbott are positioning themselves to capitalize on the potential growth opportunities this market offers.
Edwards Lifesciences is dedicated to transforming patient care through innovative technologies and services for structural heart disease and critical care monitoring. In addition to offering innovative medical technology, their research and development efforts are focused on finding new solutions for improving quality of care and outcomes for patients.
Market Price
On Wednesday, Edwards Lifesciences‘ stock opened at $63.5 and closed at $63.8, up by 0.2% from the previous closing price of 63.7. EDWARDS LIFESCIENCES has recently announced that the company has made significant strides in developing and manufacturing this device, which could be a game-changer in the healthcare industry. Abbott, on the other hand, is focusing on improving the design and functionality of the single flap patch to make it more reliable and effective in treating patients. Together, these two companies are hoping to revolutionize the outflow tract single flap patch market with their expertise and innovative approach. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Edwards Lifesciences. More…
| Total Revenues | Net Income | Net Margin |
| 5.66k | 1.39k | 27.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Edwards Lifesciences. More…
| Operations | Investing | Financing |
| 1.24k | 252.3 | -1.58k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Edwards Lifesciences. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9k | 2.56k | 10.52 |
Key Ratios Snapshot
Some of the financial key ratios for Edwards Lifesciences are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.4% | 12.7% | 31.5% |
| FCF Margin | ROE | ROA |
| 17.4% | 18.0% | 12.4% |
Analysis
At GoodWhale, we analyzed the fundamentals of EDWARDS LIFESCIENCES and found it to be strong in asset, growth, and profitability. An analysis of its Star Chart reveals that EDWARDS LIFESCIENCES is weak in dividend. However, its health score of 10/10 lets us conclude that it is able to sustain future operations in times of crisis, thanks to its strong cashflows and debt. We classify EDWARDS LIFESCIENCES as a ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. This makes it an attractive option for investors looking for companies that have established themselves and are now growing modestly. Such investors may be interested in the company’s long-term prospects of growth. More…
Peers
Edwards Lifesciences Corp is a global leader in the development of products and technologies to treat cardiovascular disease. The company’s products are used by healthcare professionals to treat patients suffering from cardiac and vascular diseases. Edwards Lifesciences Corp’s competitors include Implanet SA, Avra Medical Robotics Inc, and Paragon 28 Inc.
– Implanet SA ($OTCPK:IMPZY)
Implanet SA is an orthopedic company that manufactures and distributes medical devices. The company has a market cap of 3.76M as of 2022 and a Return on Equity of -114.56%. The company’s products are used in the treatment of conditions such as osteoarthritis, degenerative disc disease, and deformities of the spine and extremities.
– Avra Medical Robotics Inc ($OTCPK:AVMR)
Avra Medical Robotics Inc is a publicly traded company with a market capitalization of 239.1 thousand dollars as of 2022. The company focuses on the development and commercialization of robotic technologies for use in minimally invasive surgery. The company’s primary product is the Avra Surgical System, a surgical robotics platform that assists surgeons in performing tasks such as suturing, tissue manipulation, and vessel sealing. The company has received FDA clearance for the Avra Surgical System and has CE Mark approval for the European Union.
– Paragon 28 Inc ($NYSE:FNA)
Paragon 28 Inc is a publicly traded company with a market capitalization of 1.33 billion as of 2022. The company has a negative return on equity of 9.25%. Paragon 28 Inc is engaged in the business of providing turnkey engineering, procurement and construction services to the oil and gas industry.
Summary
Edwards Lifesciences is projected to experience significant growth in the near future due to its outflow tract single flap patch market. Analysts suggest investors consider investing in this medical device manufacturer as it is likely to benefit from several potential catalysts. These include increasing demand for minimally invasive heart valve replacement procedures, growing sales of the company’s core transcatheter aortic valve replacement (TAVR) products, and the anticipated launch of new products. As Edwards Lifesciences continues to grow, investors should expect positive earnings and revenue growth, higher dividend payout, and more capital investments.
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