LivaNova Plc - Company Profile

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Business Description

LivaNova PLC (LivaNova) is engaged in the designing, development, manufacturing, and distribution of therapeutic solutions in the areas of cardiac surgery and neuromodulation. The company offers its solutions to patients, healthcare professionals, and healthcare systems. LivaNova caters to clients across the world in over 100 countries. Its major target markets include the US, Japan, and Europe. It markets and sells its products through direct sales representatives in the US and a combination of direct sales representatives and independent distributors outside the US. LivaNova maintains 31 primary administrative offices in 21 countries.

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R&D Overview

LivaNova's research and development (R&D) initiatives focus on advancing its core portfolio and pipeline initiatives, particularly in the areas of Epilepsy and Cardiopulmonary. In Epilepsy, the company is working on a next-generation system with cloud connectivity and driving clinical evidence initiatives for VNS Therapy. In Cardiopulmonary, efforts are directed towards developing a next-generation oxygenator and enhancing capabilities for Essenz. Additionally, the company is investing in two pipeline initiatives, DTD and OSA, with the RECOVER study and OSPREY trial targeting medical conditions with high unmet needs. LivaNova also focused on technological enhancements, new uses for existing products, and less invasive technologies to address unmet patient needs. In FY2024, the company spent US$182.5 million on R&D, which as a percentage of revenue, stood at 14.6% and declined 5.8% YoY. As of December 2024, the company operated research facilities in the US, Italy, Germany, Australia, and Brazil.

Business Segments

Overview

Designs, develops, manufactures, markets, and sells cardiopulmonary products. Products and services include heater-coolers, related cardiac surgery equipment and maintenance, technical services, oxygenators, autotransfusion systems, perfusion tubing systems, cannulae, and other related accessories. In FY2024, the segment's capital expenditure stood at US$28.1 million, which grew 25.6% YoY.

Performance

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Overview

Designs, develops, manufactures, markets, and sells devices that deliver neuromodulation therapy for treating DRE and DTD. Product includes the VNS Therapy System, which consists of an implantable pulse generator and connective lead that stimulates the vagus nerve, surgical equipment to assist with the implant procedure, and equipment and instruction manuals that enable a treating physician to set parameters for a patient’s pulse generator. In FY2024, the segment's capital expenditure stood at US$4.2 million, which grew 253.4% YoY.

Performance

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Overview

Include revenue from the company’s former ACS reportable segment, rental and site services income not allocated to segments. In FY2024, the segment's capital expenditure stood at US$17.6 million, which grew 52.7% YoY.

Performance

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Geographical Segments

Performance

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Performance

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Performance

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