The FARAPULSE PFA System is indicated for the isolation of pulmonary veins in the treatment of drug-refractory, recurrent, symptomatic, paroxysmal atrial fibrillation. Credit: Boston Scientific Corporation or its affiliates.

Boston Scientific has announced financial results for the full year 2023, with reported GAAP net income attributable to the company’s common stockholders reaching $1.57bn, an increase from $642m in the previous year.

The company’s net sales surged to $14.24bn, marking a 12.3% growth on a reported basis and 13.1% on an operational basis, compared to the prior year.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Diluted earnings per share (EPS) for FY2023 stood at $1.07, up from $0.45 in the 2022 financial year (FY) while full-year adjusted EPS rose to $2.05 from $1.71 in 2021.

Boston Scientific chairman and CEO Mike Mahoney said: “I am grateful to our global team and proud of our exceptional results in 2023.

“We are excited about our future and long-range plans as we deliver on our mission to transform patient lives.”

See Also:

In another development, the FDA approved the company’s FARAPULSE PFA system.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

This system is a new treatment option for people with drug-refractory, recurrent, symptomatic, paroxysmal atrial fibrillation (AF). It is a substitute for traditional thermal ablation treatments.

It operates using non-thermal electric fields to selectively ablate heart tissue while minimising damage to adjacent structures.

The system includes the FARAWAVE Ablation Catheter, the FARASTAR Ablation Generator, and the FARADRIVE Steerable Sheath, which is used in conjunction with the VersaCross Connect Access Solution.

Clinical evidence from the ADVENT trial supported the system’s efficacy and safety comparing the FARAPULSE PFA System directly with standard-of-care ablation.

The 12-month data showed that the device’s performance was on par with conventional thermal ablation.

Boston Scientific Electrophysiology president Nick Spadea-Anello said: “The approval of the FARAPULSE PFA system marks an important milestone for the millions of people living with paroxysmal AF and is an incredible opportunity to bring the first PFA system designed and built solely for this type of ablation therapy to physicians in the US.”