Minimally invasive medtech
Boston Scientific Corporation
Boston Scientific earns revenue by selling cardiovascular, endoscopy and urology devices to hospitals and healthcare systems. It pays cloud and software vendors to operate customer-data and corporate infrastructure. Acquisitions also extend its urology and cardiovascular portfolios.
BSX Updated Sep 11, 2026 3 AI consumers· 3 recurring
Per the valuechain.wiki graph, Boston Scientific Corporation is directly linked to 4 companies (3 supply, 1 revenue relationships) and reaches 33 companies within two hops; the links are backed by 9 dated sources, 1 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · FY2025 total net sales of $20.074 billion (SEC Form 10-K, filed 2026-02-17)
- Segments · MedSurg · Cardiovascular
Revenue from
- HCA Healthcare, Inc. High confidence
HealthTrust, majority-owned and managed by HCA Healthcare, effectively runs HCA's system-wide procurement. HealthTrust identifies Boston Scientific as a contracted supplier for single-use endoscopes, but HCA-attributable sales were not disclosed.Confirms EN HealthTrust Performance Group Published Mar 31, 2023: Single-use Versus Reusable Endoscopes - Premier, Inc. High confidence
Premier included Boston Scientific surgical-incontinence and thrombectomy products in group-purchasing contracts available to member providers. Its 2024-2025 member portfolio also lists Boston Scientific for specialty urological products, but counterparty-specific sales were not disclosed.Confirms EN BayCare Health System Published Nov 1, 2024: Premier Continuum of Care 2024-2025 Contract PortfolioConfirms EN Premier, Inc. Published Oct 23, 2018: Premier Announces New Supplier Agreements: July, August, September
Pays to
- Microsoft Medium confidence
TechCrunch reported from public internet records that Boston Scientific's corporate infrastructure relies heavily on Microsoft. Contract value by service was not disclosed.Mentions EN TechCrunch Published Aug 26, 2026: Medical device maker Boston Scientific says a cyberattack is causing a 'global disruption' to its operations - Salesforce, Inc. Medium confidence
Boston Scientific expanded Salesforce Data Cloud across multiple divisions after using Sales Cloud, Service Cloud and Marketing Cloud. Product fees were not disclosed, while the IDC case study records the company's view that Data Cloud carries premium pricing.Confirms EN IDC Published Mar 1, 2025: Building a Centralized Data Platform to Transform the Healthcare Provider Experience in MedTech - Amazon Medium confidence
TechCrunch reported from public internet records that Boston Scientific's corporate infrastructure relies heavily on Amazon Web Services. AWS spending was not disclosed.Mentions EN TechCrunch Published Aug 26, 2026: Medical device maker Boston Scientific says a cyberattack is causing a 'global disruption' to its operations
Investments
- Axonics, Inc. High confidence· Amount $3.4B · acquisition closed 2024-11-15 · Upfront cash consideration for 100% of Axonics, net of cash acquired
Boston Scientific completed its acquisition of 100% of Axonics in November 2024 and integrated its sacral-neuromodulation products into Urology. The upfront cash consideration was approximately $3.411 billion net of cash acquired.Confirms EN Boston Scientific Published Nov 15, 2024: Boston Scientific Closes Acquisition of Axonics, Inc.Mentions KO DAOL Investment & Securities Published Oct 28, 2024: Medical Devices: UEGW 2024 Review, Dive into Endoscopy
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| HCA Healthcare, Inc. | lead1 | +57.6 | -5.6 | +13.8 | +11.8 | +56.7 | -12.9 |
| Boston Scientific Corporation | node | +18.2 | +8.9 | +24.9 | +54.5 | +6.8 | -49.9 |
| Microsoft | benef1 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | +4 |
| Seagate Technology | benef2 | +87.5 | -51.4 | +69.1 | +4.1 | +225.3 | +209.1 |
| Western Digital | benef2 | +17.7 | -51.6 | +66 | +13.9 | +283.7 | +171.6 |
| Marvell | benef2 | +84.6 | -57.5 | +63.7 | +83.8 | -22.8 | +163.4 |
| Intel | benef2 | +6.1 | -46.6 | +94.6 | -59.6 | +84 | +159.6 |
| AMD | benef2 | +56.9 | -55 | +127.6 | -18.1 | +77.3 | +123 |
| Wiwynn | benef2 | +24.7 | -22.3 | +206.4 | +3.5 | +64.4 | +120.2 |
| Astera Labs | benef2 | · | · | · | · | +25.6 | +86.6 |
| Vertiv | benef2 | +33.8 | -45.3 | +251.8 | +136.8 | +42.8 | +73.2 |
| Arista Networks | benef2 | +97.9 | -15.6 | +94.1 | +87.7 | +18.5 | +47.9 |
| Occidental Petroleum | benef2 | +67.7 | +119.1 | -4.1 | -15.9 | -14.9 | +47.4 |
| GE Vernova | benef2 | · | · | · | · | +99 | +44.4 |
| Caterpillar | benef2 | +16 | +18.6 | +25.9 | +24.7 | +60.3 | +42.9 |
| Ciena | benef2 | +45.6 | -33.8 | -11.7 | +88.4 | +175.8 | +37.3 |
| Equinix | benef2 | +20.3 | -21.1 | +25.4 | +19.5 | -16.9 | +37.3 |
| Super Micro | benef2 | +38.8 | +86.8 | +246.2 | +7.2 | -4 | +35.3 |
| Eaton | benef2 | +46.7 | -7.2 | +56.2 | +39.5 | -2.8 | +30.1 |
| Quanta Computer | benef2 | +22.2 | -12.8 | +254.5 | +12.7 | +8.9 | +28.5 |
| NVIDIA | benef2 | +125.5 | -50.3 | +239 | +171.2 | +38.9 | +23.7 |
| Schneider Electric | benef2 | +25.9 | +1.6 | +25.8 | +36.1 | +0.5 | +20.7 |
| Foxconn (Hon Hai) | benef2 | -5.1 | +2.8 | +7.8 | +80.1 | +26.9 | +19.6 |
| Credo Technology | benef2 | · | · | +46.3 | +245.2 | +114.1 | +18.5 |
| IREN | benef2 | · | -92.3 | +472 | +37.3 | +284.6 | +18.3 |
| Cummins | benef2 | -1.7 | +14.1 | +1.7 | +48.9 | +49.4 | +11 |
| Automatic Data Processing, Inc. | benef2 | +42.6 | -1.3 | -0.2 | +28.4 | -10.2 | +9.6 |
| 3M Company | benef2 | +4.9 | -29.6 | -3.3 | +46.1 | +26.4 | +6.8 |
| Brookfield Asset Management Ltd. | benef2 | · | · | +45.6 | +39.7 | -0.2 | -0.4 |
| IonQ | benef2 | · | -79.3 | +259.1 | +237.1 | +7.4 | -11.9 |
| Constellation Energy | benef2 | · | · | +37.2 | +92.7 | +58.8 | -15 |
| Take-Two Interactive Software, Inc. | benef2 | -14.5 | -41.4 | +54.6 | +14.4 | +39.1 | -16.1 |
YTD as of 2026-09-04 · source: Yahoo Finance
Boston Scientific Corporation operates across Minimally invasive medtech. It is down -49.9% in 2026. The supply side (avg +4.8%) has moved harder than the stock (-49.9%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is Amazon (+12%) and the furthest behind is HCA Healthcare, Inc. (-12.9%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Acquisitions also extend its urology and cardiovascular portfolios.
Analysis generated from returns as of 2026-09-04