Boston Scientific (BSX) revenue breakdown

Healthcare · Medical Devices · Market cap $63.1B

By segment, Cardiovascular is the largest at 66% of fiscal 2025 revenue, growing 37% a year over 4 years.

By product, Interventional Cardiology & Vascular Therapies is the largest at 23% of fiscal 2025 revenue; Watchman grew fastest, 43% a year over 5 years.

Revenue by segment

Fiscal years, as Boston Scientific reports them in its 10-K filings; fiscal 2025 total $20.1B.

Segments20182021202320242025Share
Cardiovascular$3.8B$7.2B$8.8B$10.8B$13.2B 66%
MedSurg$3.0B$4.6B$5.4B$6.0B$6.8B 34%
Rhythm and Neuro$3.0B———— —

Revenue by product

Fiscal years, as Boston Scientific reports them in its 10-K filings; fiscal 2025 total $20.1B.

Products20182019202020212022202320242025Share
Interventional Cardiology & Vascular Therapies—————$3.8B$4.2B$4.6B 23%
Electrophysiology$311M$329M$287M$365M$585M$800M$1.9B$3.3B 17%
Endoscopy$1.8B$1.9B$1.8B$2.1B$2.2B$2.5B$2.7B$2.9B 15%
Urology$1.2B$1.4B$1.3B$1.6B$1.8B$2.0B$2.2B$2.7B 13%
Cardiac Rhythm Management$2.0B$1.9B$1.7B$2.0B$2.1B$2.2B$2.3B$2.3B 12%
Watchman——$324M$829M$1.0B$1.3B$1.5B$2.0B 10%
Neuromodulation$779M$873M$761M$909M$917M$976M$1.1B$1.2B 6%
Interventional Oncology & Embolization—————$736M$856M$996M 5%
Global Interventional Cardiology (IC) Reporting Unit$2.6B$2.8B—————— —
Interventional Cardiology Therapies——$2.0B$2.2B$2.2B——— —
Global Peripheral Interventions (PI) Reporting Unit$1.2B$1.4B$1.6B$1.8B$1.9B——— —
Other—$81M$219M—-$60M——— —

Revenue by region

Fiscal years, as Boston Scientific reports them in its 10-K filings; fiscal 2025 total $20.1B.

Regions201820192020202120232025Share
U.S.$5.5B$6.2B$5.7B$6.9B$8.4B$12.9B 64%
Europe, Middle East and Africa————$2.9B$3.5B 17%
Asia-Pacific————$2.4B$3.1B 15%
Latin America and Canada————$560M$678M 3%
Non-US$4.3B$4.6B$4.2B$5.0B—— —
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Questions

Where does Boston Scientific make its money?

In fiscal 2025, by segment: Cardiovascular $13.2B, MedSurg $6.8B.

From Boston Scientific's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.