Table Of Contents :
1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 9
2 Introduction 10
2.1 What Is This Report About? 10
3 Definitions of Markets/Categories Covered 11
3.1 Radiosurgery 11
4 Company Snapshot 12
4.1 Key Information 12
4.2 Company Overview 12
4.3 Financial Performance 12
4.4 SWOT Snapshot 12
5 Business Description 13
5.1 Business Overview 13
5.2 Other 13
5.2.1 Overview 13
5.2.2 Financials 13
5.2.3 Key Strategies 13
5.3 Products 13
5.3.1 Overview 13
5.3.2 Financials 13
5.3.3 Market View 14
5.3.4 Key Strategies 14
5.4 Services 14
5.4.1 Overview 14
5.4.2 Financials 14
5.4.3 Market View 14
5.4.4 Key Strategies 14
5.5 Shared Ownership Program 14
5.5.1 Overview 14
5.5.2 Financials 14
5.5.3 Market View 14
5.5.4 Key Strategies 15
5.6 Major Products and Services 16
5.6.1 Overview 16
6 History 17
7 Business Strategy 19
7.1 Mission Statement 19
8 SWOT Analysis 20
8.1 Overview 20
8.2 Accuray Incorporated Strengths 20
8.2.1 Focused Research and Development 20
8.2.2 The CyberKnife System 21
8.2.3 Strong Growth Prospects 21
8.2.4 Efficient Use of Resources 21
8.2.5 Expanding Operating Margin 21
8.2.6 Expanding Market Share in Sector 21
8.3 Accuray Incorporated Weaknesses 21
8.3.1 Limited Liquidity Position 21
8.3.2 Revenue Concentration 21
8.3.3 Dependence on Single-Source Supplier 22
8.4 Accuray Incorporated Opportunities 22
8.4.1 Growth in Emerging Markets 22
8.4.2 Expansion Plans 22
8.4.3 Growing Aged Population 22
8.4.4 Strategic Alliance with Siemens 22
8.4.5 New Products Approvals 23
8.4.6 Growth in the Prevalence of Cancer 23
8.5 Accuray Incorporated Threats 23
8.5.1 Stringent Government Regulations 23
8.5.2 Cost Containment Pressures 24
8.5.3 Competitive Landscape 24
8.5.4 Rapid Technological Change 24
8.5.5 Healthcare Reform Bill 24
9 Competitors 25
10 Competitive Landscape 26
10.1 Radiosurgery, Global, Market Share (%), 2010 26
11 Accuray Incorporated Medical Equipment Market Share Analysis 27
11.1 Accuray Incorporated, Radiosurgery, Global, Market Share (2010) 27
11.2 Accuray Incorporated, Asia-Pacific, Market Share (2010) 28
11.3 Accuray Incorporated, Europe, Market Share (2010) 29
11.4 Accuray Incorporated, North America, Market Share (2010) 30
12 Share Holding Structure 31
13 Key Employees 32
14 Key Employee Biographies 33
15 Company Statement 35
16 Locations And Subsidiaries 37
16.1 Head Office 37
16.2 Other Locations & Subsidiaries 37
17 Financial Deals Landscape 38
17.1 Accuray Incorporated, Deals Volume Summary, 2006 to YTD 2011 38
18 Accuray Incorporated Detailed Deal Summary 40
18.1 Asset Purchase 40
18.1.1 Accuray Acquires Certain Assets From American Science and Engineering 40
18.2 Partnerships 41
18.2.1 Accuray Enters Into An Agreement With Morphormics 41
18.2.2 Accuray Enters Into A License Agreement With Cyberheart 42
18.2.3 Accuray Enters Into Licensing Agreement With Forte Automation Systems 43
18.2.4 Accuray Enters Into An Agreement With Siemens 44
18.2.5 Accuray Signs Distribution And Co-Marketing Agreement With Siemens 45
18.2.6 Accuray Enters Into An Agreement With Siemens Medical Solutions 46
18.3 Equity Offering 47
18.3.1 Accuray Completes Initial Public Offering Of $187 Million 47
18.4 Divestiture – Assets 49
18.4.1 Alliance Imaging Acquires Six Radiosurgery CyberKnife Stereotactic Facilities From Accuray 49
18.5 Acquisition 50
18.5.1 Accuray Receives Antitrust Approval To Acquire TomoTherapy 50
19 Recent Developments 52
19.1 Strategy And Business Planning 52
19.1.1 Dec 17, 2010: Accuray Establishes Medical Affairs Function 52
19.1.2 Mar 24, 2010: Accuray Expands Direct Sales Presence Into India 52
19.1.3 Oct 21, 2009: Accuray Announces Regionalized Management Strategy For Americas 53
19.2 Financial Announcements 53
19.2.1 May 05, 2011: Accuray Reports Total Revenue Of $54.7m In Q3 Fiscal Year Ended 2011 53
19.2.2 Jan 27, 2011: Accuray Reports Net Income Of $4.10 Million In Q2 Fiscal 2011 54
19.2.3 Nov 08, 2010: Accuray Posts Total Revenues Of $38.07 Million For Q1 Fiscal 2011 54
19.2.4 Aug 31, 2010: Accuray Reports Net Income Of $2.84 Million In Fiscal 2010 55
19.2.5 May 06, 2010: Accuray Reports Net Income Of $2.3 Million In Q3 Fiscal 2010 55
19.2.6 Feb 04, 2010: Accuray Reports Total Revenues Of $57.3 Million In Q2 Fiscal 2010 56
19.2.7 Oct 29, 2009: Accuray Posts Total Revenues Of $50.6 Million For Q1 Fiscal 2010 57
19.2.8 Aug 24, 2009: Accuray Reports Net Income Of $1.2 Million For Q4 Fiscal 2009 57
19.2.9 May 05, 2009: Accuray Posts Net Income Of $1.2 Million For Q3 Fiscal 2009 58
19.2.10 Jan 29, 2009: Accuray Reports Q2 Fiscal 2009 Results 59
19.2.11 Jan 14, 2009: Accuray To Declare Q2 Fiscal 2009 Results 60
19.2.12 Dec 18, 2008: Accuray Reports Q1 Fiscal 2009 Results 60
19.2.13 Oct 10, 2008: Accuray To Declare 1Q Fiscal 2009 Results 60
19.2.14 Aug 19, 2008: Accuray Reports 4Q Fiscal 2008 Results 61
19.2.15 Jul 07, 2008: Accuray To Declare Q4 Fiscal 2008 Results 61
19.2.16 Apr 29, 2008: Accuray Reports Q3 Fiscal 2008 Results 61
19.2.17 Apr 14, 2008: Accuray To Report Q3 Fiscal 2008 Results 62
19.2.18 Jan 30, 2008: Accuray Reports Q2 Fiscal 2008 Results 62
19.3 Research And Development 63
19.3.1 May 11, 2011: Accuray Announces 85% Of European CyberKnife Centers Are Performing Prostate SBRT To Treat Localized Prostate Cancer 63
19.4 Corporate Communications 63
19.4.1 Jan 18, 2011: Accuray Appoints Eric Pauwels As Senior Vice President, CMO 63
19.4.2 Jan 03, 2011: Accuray Moves To NASDAQ Global Select Market 64
19.4.3 Oct 28, 2010: Accuray Appoints Bob Wong As General Manager For APAC 64
19.4.4 Sep 03, 2010: Accuray Announces Resignation Of Eric Lindquist As Senior Vice President, CMO 65
19.4.5 Jun 29, 2010: Accuray Appoints Peter Fine To Board 65
19.4.6 May 26, 2010: Accuray Appoints Jack Goldstein To Board 65
19.4.7 May 18, 2010: Accuray Appoints Vittorio Puppo As General Manager For EIMEA Region 66
19.4.8 Apr 12, 2010: Accuray Appoints Louis J. Lavigne As Chairperson 66
19.4.9 Nov 13, 2009: Accuray Appoints Juki Hozumi As General Manager, Japan 67
19.4.10 Sep 15, 2009: Accuray Appoints Louis Lavigne And Dennis Winger To Its Board 67
19.4.11 Dec 04, 2008: Accuray Appoints New CFO 67
19.4.12 Nov 19, 2008: Accuray Receives Deficiency Notice From Nasdaq 68
19.4.13 Sep 11, 2008: Accuray CFO Resigns 68
19.5 Legal and Regulatory 68
19.5.1 Mar 12, 2011: Bull & Lifshitz Investigates Acquisition Of TomoTherapy 68
19.5.2 Aug 10, 2010: Best Medical Files Patent Infringement Lawsuit Against Accuray 68
19.5.3 Jul 22, 2009: Coughlin Stoia Files Class Action Suit Against Accuray 68
19.6 Product News 69
19.6.1 Feb 14, 2011: Accuray Completes CyberKnife Scientific Meeting In San Francisco 69
19.6.2 Jan 31, 2011: Accuray Highlights CyberKnife Technology At STS Annual Meeting 69
19.6.3 Dec 15, 2010: Accuray Receives FDA Clearance For CyberKnife System's Lung Optimized Treatment 70
19.6.4 Nov 29, 2010: Accuray Receives 2010 Minnie For Best New Radiology Device Award For CyberKnife VSI System 71
19.6.5 Oct 29, 2010: Accuray Announces Feedback From Creekside Cancer Care For CyberKnife VSI System 71
19.6.6 Oct 27, 2010: KCCH Installs Its Second CyberKnife Robotic Radiosurgery System 72
19.6.7 Oct 14, 2010: Accuray's First CyberKnife System In Clinical Use In Czech Republic 72
19.6.8 Oct 06, 2010: Accuray Announces Treatment Of 100,000th Patient With CyberKnife Robotic Radiosurgery System 73
19.6.9 Sep 17, 2010: Accuray Showcases CyberKnife VSI System At ESTRO 73
19.6.10 Sep 01, 2010: Accuray Announces First CyberKnife VSI System Installation At CLB In France 73
19.6.11 Aug 03, 2010: Accuray Receives Shonin Approval For CyberKnife G4 Robotic Radiosurgery System 74
19.6.12 Jun 03, 2010: Accuray Installs 200th CyberKnife Robotic Radiosurgery System At Mount Vernon Cancer Centre 74
19.6.13 May 27, 2010: Creekside Cancer Care Installs Accuray's CyberKnife VSI System 75
19.6.14 Apr 23, 2010: French And Italian Health Authorities Provide Reimbursement For Accuray's CyberKnife System 76
19.6.15 Feb 15, 2010: Accuray Announces Acquisition Of CyberKnife Robotic Radiosurgery System By Mount Vernon Cancer Centre 76
19.6.16 Feb 05, 2010: Accuray Announces Completion Of 12,000 Lung Cancer Treatments Using CyberKnife System 77
19.6.17 Dec 21, 2009: CyberKnife Institute To Treat Its Inoperable Tumors Patients With CyberKnife Robotic Radiosurgery System 78
19.6.18 Dec 17, 2009: Accuray Selects KIKA's Veracity Web-Based EDC System To Improve Data Quality In Accuray CyberKnife Robotic Radiosurgery System Clinical Study 78
19.6.19 Dec 14, 2009: Accuray To Install CyberKnife Robotic Radiosurgery System In Belgium At The University Hospital Of Liege 79
19.6.20 Nov 03, 2009: Patients With Early Stage Lung Cancer And Good Lung Function Have Excellent Survival Expectations When Treated With CyberKnife 79
19.6.21 Aug 12, 2009: Accuray Commercializes Its Seventh CyberKnife Robotic Radiosurgery System In South Korea 80
19.6.22 Jul 26, 2009: Accuray Launches CyberKnife Access Remote Service Product For CyberKnife Robotic Radiosurgery System 80
19.6.23 Jul 24, 2009: Accuray Installs CyberKnife System At Elmhurst Memorial Hospital 81
19.6.24 Jul 22, 2009: Radiosurgery Center Of Rhode Island Installs Accuray's CyberKnife System 81
19.6.25 May 22, 2009: Philadelphia CyberKnife Sees Increased Patient Throughput Using Accuray's Next Generation CyberKnife Robotic Radiosurgery System 82
19.6.26 Apr 23, 2009: Accuray Incorporated Announces Treatment Of More Than 3,000 Prostate Cancer Patients With Radiosurgery CyberKnife System 82
19.6.27 Apr 03, 2009: Accuray Incorporated Announces First Patients In India Treated Using Cyberknife Surgery 83
19.6.28 Mar 31, 2009: Stanford Study On CyberKnife Radiosurgery For Prostate Cancer Demonstrates 100 Percent PSA Response At 33 Months 83
19.6.29 Mar 19, 2009: Japan Treats First Extracranial Patients Using CyberKnife Radiosurgery 84
19.6.30 Mar 02, 2009: CyberKnife Radiosurgery For Lung Cancer Sees Increased Interest And Continued Rapid Growth 84
19.6.31 Feb 26, 2009: Clinical Studies Support Use Of CyberKnife Robotic Radiosurgery System For Intracranial And Extracranial Tumors 85
19.6.32 Dec 24, 2008: Accuray Announces Installation Of 100th Cyberknife System Within The USA 86
19.7 Other Significant Developments 86
19.7.1 Oct 29, 2010: Accuray Expands Cyberknife Service Program 86
19.7.2 Oct 30, 2009: CyberKnife To Be Focus Of Numerous Presentations At The American Society For Radiation Oncology (ASTRO) Annual Meeting 87
19.7.3 Feb 20, 2009: 10% Of US Installed Base Signs On To Use Accuray Treatment 88
19.7.4 Nov 24, 2008: Accuray To Present At Piper Jaffray Conference 88
19.7.5 Oct 27, 2008: Accuray To Present At 19th Annual Oppenheimer Healthcare Conference 88
19.7.6 Apr 11, 2008: Accuray Announces Sale Of First CyberKnife System In Switzerland 88
20 Appendix 90
20.1 Research Methodology 91
20.2 Secondary Research 91
20.3 Primary Research 92
20.4 Models 92
20.5 Forecasts 93
20.6 Expert Panels 93
20.7 GlobalData Consulting 93
20.8 Currency Conversion 94
20.9 Contact Us 95
20.10 Disclaimer 95"
1.1 List of Tables
Table 1: Accuray Incorporated, Key Facts, 2010 12
Table 2: Accuray Incorporated, SWOT Analysis, 2010 20
Table 3: Radiosurgery, Global, Company Share by Revenue ($m), 2010 26
Table 4: Accuray Incorporated, Radiosurgery, Global, Revenue ($m) and Market Share (%), 2010 27
Table 5: Accuray Incorporated, Radiosurgery, Asia-Pacific, Revenue ($m) and Market Share (%), 2010 28
Table 6: Accuray Incorporated, Radiosurgery, Europe, Revenue ($m) and Market Share (%), 2010 29
Table 7: Accuray Incorporated, Radiosurgery, North America, Revenue ($m) and Market Share (%), 2010 30
Table 8: Accuray Incorporated, Share Holding Structure 31
Table 9: Accuray Incorporated, Key Employees 32
Table 10: Accuray Incorporated, Subsidiaries 37
Table 11: Accuray Incorporated, Deals Volume Summary, 2006 to YTD 2011 38
Table 12: Accuray Incorporated, Deals Summary, 2006 to YTD 2011 39
Table 13: Accuray Acquires Certain Assets From American Science and Engineering 40
Table 14: Accuray Enters Into An Agreement With Morphormics 41
Table 15: Accuray Enters Into A License Agreement With Cyberheart 42
Table 16: Accuray Enters Into Licensing Agreement With Forte Automation Systems 43
Table 17: Accuray Enters Into An Agreement With Siemens 44
Table 18: Accuray Signs Distribution And Co-Marketing Agreement With Siemens 45
Table 19: Accuray Enters Into An Agreement With Siemens Medical Solutions 46
Table 20: Accuray Completes Initial Public Offering Of $187 Million 47
Table 21: Alliance Imaging Acquires Six Radiosurgery CyberKnife Stereotactic Facilities From Accuray 49
Table 22: Accuray Receives Antitrust Approval To Acquire TomoTherapy 50
Table 23: USD to Local Currency, Average Exchange Rate, 2010 94"
1.2 List of Figures
Figure 1: Radiosurgery, Global, Market Share (%), 2010 26
Figure 2: Accuray Incorporated, Radiosurgery, Global, Market Share (%), 2010 27
Figure 3: Accuray Incorporated, Radiosurgery, Asia-Pacific, Market Share (%), 2010 28
Figure 4: Accuray Incorporated, Radiosurgery, Europe, Market Share (%), 2010 29
Figure 5: Accuray Incorporated, Deals Volume Summary, 2006 to YTD 2011 38
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