Boston Scientific - Five Forces Analysis

Boston Scientific - Five Forces Analysis

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Intensity of Existing Rivalry

Large industry size (Boston Scientific) Large industries allow multiple firms and produces to prosper without having to steal market share...
Fast industry growth rate (Boston Scientific) When industries are growing revenue quickly, they are less likely to compete, because the total...
Relatively few competitors (Boston Scientific) Few competitors mean fewer firms are competing for the same customers and resources, which is a...

Bargaining Power of Suppliers

Diverse distribution channel (Boston Scientific) The more diverse distribution channels become the less bargaining power a single distributor will...
High competition among suppliers (Boston Scientific) High levels of competition among suppliers acts to reduce prices to producers. This is a positive...

Threat of Substitutes

High cost of switching to substitutes (Boston Scientific) Limited number of substitutes means that customers cannot easily switch to other products or...
Limited number of substitutes (Boston Scientific) A limited number of substitutes mean that customers cannot easily find other products or services...

Bargaining Power of Customers

Low buyer price sensitivity (Boston Scientific) When buyers are less sensitive to prices, prices can increase and buyers will still buy the product....
Product is important to customer (Boston Scientific) When customers cherish particular products they end up paying more for that one product. This...
Large number of customers (Boston Scientific) When there are large numbers of customers, no one customer tends to have bargaining leverage....

Threat of New Competitors

Advanced technologies are required (Boston Scientific) Advanced technologies make it difficult for new competitors to enter the market because they have to...
Strong brand names are important (Boston Scientific) If strong brands are critical to compete, then new competitors will have to improve their brand...
Industry requires economies of scale (Boston Scientific) Economies of scale help producers to lower their cost by producing the next unit of output at lower...
Patents limit new competition (Boston Scientific) Patents that cover vital technologies make it difficult for new competitors, because the best...
Entry barriers are high (Boston Scientific) When barriers are high, it is more difficult for new competitors to enter the market. High entry...

What is Porter's Five Forces Analysis?

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