Advanced SearchNewsfeedFollowed Companies

Medtronic's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Medtronic is a medical technology and services firm that manufactures devices and therapies to treat for chronic disease... Read more

Based on data from Medtronic's latest SEC filings

Annual Revenue

Based on data from Medtronic's latest SEC filings

Employees

Omar Ishrak's photo - Chairman & CEO of Medtronic

Chairman & CEO

Omar Ishrak

CEO Approval Rating

89/100

OVERVIEW

Founded:

1949

Headquarters:

Minneapolis, Minnesota

Status:

PublicNYSEMDT

Industry Sector:

Health Care Equipment

SIC Code:

8090NAICS listing »

5047NAICS listing »

Top Competitors or Alternatives

Missing a competitor? Contribute!

Weigh-in!

Help the Owler community know more

Competitor - 1/1

Is Baxter a competitor of Medtronic?

I don't know

Trending News for Medtronic and Medtronic's Competitors

April 2, 2020

MarketScreener

Boston Scientific : Provides Update on COVID-19 Impact and Response Efforts

(marketscreener.com) MARLBOROUGH, Mass., April 2, 2020 /PRNewswire/ -- The COVID-19 pandemic has brou... See more »

April 1, 2020

Reuters

CORRECTED-Becton Dickinson, BioMedomics launch test to detect past, current coronavirus exposure

Becton Dickinson and Co and diagnostics company BioMedomics on Tuesday said they will launch a diagno... See more »

March 31, 2020

Evertiq

Abbott gets OK for fast, portable COVID-19 test

Abbott has been granted emergency use authorization (EUA) from the U.S. Food and Drug Administration ... See more »

Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

Boston Scientific is one of Medtronic's top rivals. Boston Scientific is a Public company that was founded in 1979 in Marlborough, Massachusetts. Like Medtronic, Boston Scientific also works within the Health Care Equipment industry. Compared to Medtronic, Boston Scientific has 50,000 fewer employees.

C. R. Bard is seen as one of Medtronic's biggest rivals. C. R. Bard was founded in 1907 in Murray Hill, New Jersey. Like Medtronic, C. R. Bard also competes in the Health Care Equipment sector. C. R. Bard generates $27.4B less revenue than Medtronic.

Abbott is one of Medtronic's top competitors. Abbott was founded in 1888, and its headquarters is in Abbott Park, Illinois. Abbott competes in the Health Care Supplies industry. Abbott has 21,000 more employees than Medtronic.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Omar Ishrak

Chairman & CEO

- -
86,000
$0
$31.1B
1

Michael F. Mahoney

Chairman & CEO

74/100
32,000
$400M
$10.7B
2

Timothy M. Ring

Chairman & CEO

69/100
16,300
- -
$3.9B
3

Robert B. Ford

CEO

84/100
103,000
$6.9M
$31.9B
4

Alex Gorsky

Chairman & CEO

65/100
135,100
- -
$82.1B
5

Jose E Almeida

Chairman & CEO

65/100
50,000
- -
$11.4B
6

Thomas Polen

CEO

80/100
76,032
- -
$17.4B
7

Kevin A. Lobo

Chairman & CEO

82/100
36,000
- -
$14.9B
8

Bryan C. Hanson

President & CEO

69/100
19,000
- -
$8B
9

Marlou Janssen

President

72/100
4,800
- -
$500M
10

Kevin Sayer

Chairman & CEO

78/100
2,800
$67.6M
$1.5B
The top 10 competitors in Medtronic's competitive set are Boston Scientific, C. R. Bard, Abbott, Johnson & Johnson, Baxter, BD, Stryker, Zimmer Biomet, Biotronik and Dexcom. Together they have raised over 474.4M between their estimated 480.2K employees. Medtronic has 86,000 employees and is ranked 3rd among it's top 10 competitors. The top 10 competitors average 51,002.

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$31.1B

Medtronic's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 19.4B. Over the last four quarters, Medtronic's revenue has decreased by 5.3%. Specifically, in Q1 2020's revenue was $7.7B; in Q4 2019, it was $7.7B; in Q3 2019, it was $7.5B; in Q2 2019, Medtronic's revenue was $8.1B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Digital Surgery Limited

Feb 2020

Source »
undisclosed
Digital Surgery develops an AI-based simulator that offers surgical training programs for surgeons and healthcare professionals.
Klue, Inc.

Dec 2019

Source »
undisclosed
Klue designs and develops wearable device for monitoring the gesture sensing and behavioral health metrics.
AV Medical Technologies Ltd.

Oct 2019

Source »
$30M
AV Medical is a medical device company that designs and develops catheters for dialysis patients undergoing routine angioplasty procedures.
Titan Spine, Inc.

May 2019

Source »
undisclosed
Titan Spine designs and manufactures interbody fusion devices for the treatment of spinal disorders.
Nutrino Health Ltd.

Nov 2018

Source »
undisclosed
Nutrino is a nutritional analytics platform that provides personalized insights on the impact of the food they eat.

These are all the companies that Medtronic has acquired. Medtronic has acquired 28 companies and its latest acquisition was Digital Surgery Limited in Feb 2020. Digital Surgery develops an AI-based simulator that offers surgical training programs for surgeons and healthcare professionals.

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Saluda Medical develops and manufactures a spinal cord stimulation system for the treatment of axial back pain.
-
Jun 27, 2019
Debt
-
FIRE1 develops and commercializes novel therapeutic remote-monitoring devices for heart failure patients.
$49.6M
Jan 29, 2018
Series C
-
AEGEA Medical designs and develops an endometrial ablation system that utilizes adaptive vapor ablation technology for treating menorrhagia.
$40M
Jan 01, 2018
Equity
-
Semma Therapeutics is a biotechnology company that develops and commercializes stem cell-based therapies for the treatment of diabetes.
$113.9M
Nov 26, 2017
Series B
Sep 01, 2019
Mazor Robotics develops a robotic guidance system for the treatment of spine and brain disorders.
$40M
Aug 29, 2017
Equity
Sep 01, 2018

These are all the companies that Medtronic has invested in. Medtronic has invested 28 companies and its latest investment was Digital Surgery Limited in Feb 2020. Digital Surgery develops an AI-based simulator that offers surgical training programs for surgeons and healthcare professionals.

Medtronic News

March 31, 2020Zacks

General Motors, Tesla, Cardinal Health, ResMed and Medtronic

The Zacks Analyst Blog Highlights: General Motors, Tesla, Cardinal Health, ResMed and Medtronic... See more »
March 31, 202024*7 Magazine

Medtronic Recalls Pipeline Flex Embolization Devices Due to Risk of Device Fracture

Medtronic is recalling its Pipeline Flex Embolization Device and Pipeline Flex Embolization Device wi... See more »
March 30, 2020Zacks

Medtronic's Evolut TAVR System Shows Positive Study Results

Medtronic (MDT) presents favorable study outcomes for its Evolut TAVR system, which is expected to of... See more »
March 30, 2020BioPortfolio

Medtronic introduces new solutions to monitor patients for COVID19

Global medical technology Medtronic through its Medtronic Care Management Services MCMS business has ... See more »
March 30, 2020FinanzNachrichten

Medtronic Announces Positive Results Of Onyx ONE Clear Study

FRIDLEY (dpa-AFX) - Medtronic plc (MDT) announced positive results of the Onyx ONE Clear Study that e... See more »
March 30, 2020The Business Journals: Minneapolis/St. Paul

Tesla will make Medtronic ventilators at New York gigafactory

Medtronic, which is trying to boost production of ventilators used to help the sickest COVID-19 patie... See more »
March 30, 2020TechCrunch

Medtronic is sharing its portable ventilator design specifications and code for free to all

Healthcare and biomedical engineering company Medtronic, which was in the news recently because Tesla... See more »

Medtronic Blogs

August 27, 2015MEDTRONIC BLOG

Steroids And Diabetes: The Effect On Your Glucose Levels

Autumn is approaching with its beautiful fall foliage, hayrides at the pumpkin patch, and harvest fes... See more »
August 25, 2015MEDTRONIC BLOG

Nighttime With Threshold Suspend

Diagnosed with diabetes at the age of 8, before blood glucose (BG) meters, Donna Winchester monitored... See more »
August 20, 2015MEDTRONIC BLOG

4 Routines For Managing Diabetes In High School

MiniMed Ambassador Addie is your classic cheerful high-school teenager who loves napping, is working ... See more »
August 18, 2015MEDTRONIC BLOG

10 Best Practice Tips For Insulin Pump Care

Properly caring for your insulin pump is important to help protect its longevity. We've compiled this... See more »
August 13, 2015MEDTRONIC BLOG

Rest Up: 10 Tips To Improve How Well You're Sleeping

Anyone who's tossed and turned throughout the night, or has woken up feeling sluggish, knows how impo... See more »
August 11, 2015MEDTRONIC BLOG

Managing Diabetes In School: From Pre-School To College

Starting a new school year often involves gathering school supplies and picking out a first-day-of-sc... See more »
August 6, 2015MEDTRONIC BLOG

Diabetes Camp: From Camper To Camp Counselor

As a place to learn self-confidence, independence, be with other kids with diabetes, and simply have ... See more »

Medtronic Press Releases

February 29, 2020CSRwire

Global Corporate Sustainability Projects

Global Corporate Sustainability ProjectsThrough dozens of projects around the world, Medtronic is les... See more »
February 27, 2020CSRwire

Help in All Its Many Forms

Employee Assistance: Help in All Its Many FormsMedtronic employees drive every aspect of our life-sav... See more »
February 27, 2020CSRwire

Medtronic Employee Holiday Program Showcases Inspiring Patients

Medtronic Employee Holiday Program Showcases Inspiring PatientsChris Marion was waterskiing with frie... See more »
December 18, 2019Business Wire India

Medtronic Celebrates Forty Years of Transforming Healthcare in India

Business Wire IndiaIndia Medtronic Private Limited, wholly-owned subsidiary of Medtronic plc (NYSE:MD... See more »
December 6, 2019centralcharts

Medtronic Canada Recognized as One of Greater Toronto's Top Employers for 2020

BRAMPTON, Ontario, Dec. 06, 2019 (GLOBE NEWSWIRE) -- Medtronic Canada ULC, a subsidiary of Medtronic ... See more »
November 5, 2019GlobeNewswire

Four-Year Data from the IN.PACT Global Study Highlight Durable Performance and Safety of IN.PACT Admiral DCB

Longest-Term Data from a Real-World PAD Patient Population Presented at VIVA... See more »
October 31, 2019Business Wire India

India Medtronic Pvt Ltd is Now Great Place to Work-Certified From October 2019 to September 2020

Business Wire IndiaIndia Medtronic Private Limited, wholly owned subsidiary of Medtronic plc (NYSE: M... See more »

Medtronic Videos

February 27, 2019Medtronic Vimeo Channel

"NSM Meeting Kick-Off Video FINAL" on VIMEO

Cast: MDT Transformative Solutions... See more »
February 27, 2019Medtronic Vimeo Channel

"A Day In The Life Video FINAL" on VIMEO

Cast: MDT Transformative Solutions... See more »
February 27, 2019Medtronic Vimeo Channel

"71-10-2570 A Brief History of Locks FINAL" on VIMEO

Cast: MDT Transformative Solutions... See more »
February 27, 2019Medtronic Vimeo Channel

"Bundle Up Video Draft" on VIMEO

Cast: MDT Transformative Solutions... See more »
February 27, 2019Medtronic Vimeo Channel

"WWSD All Skits 11-16-15" on VIMEO

Cast: MDT Transformative Solutions... See more »
February 27, 2019Medtronic Vimeo Channel

"Max Hammertime and the Legend of the Golden Hammer" on VIMEO

Cast: MDT Transformative Solutions... See more »
February 27, 2019Medtronic Vimeo Channel

"BSC91Launch Max Hammertime" on VIMEO

Cast: MDT Transformative Solutions... See more »

Social Statistics

Headquarters

710 Medtronic Parkway

Minneapolis, Minnesota55432

1-763-514-4000

Driving Directions »

Trending Companies

Summary

ABOUT

Overview

Medtronic plc (NYSE: MDT) is a medical technology and services firm that manufactures devices and therapies to treat for chronic diseases. It develops therapeutic and diagnostic medical products, which include those for bradycardia pacing, tachyarrhyt...

CEO

Medtronic's Chairman & CEO, Omar Ishrak, currently has an approval rating of 89%. Medtronic's primary competitors are Boston Scientific, C. R. Bard & Abbott.

Website

medtronic.com

Frequently Asked Questions about Medtronic

  1. When was Medtronic founded?

    Medtronic was founded in 1949

  2. Who is Medtronic's CEO?

    Medtronic's CEO is Omar Ishrak

  3. How much revenue does Medtronic generate?

    Medtronic generates $31.1B in revenue

  4. How much funding does Medtronic have?

    Medtronic has historically raised $0 in funding

  5. Where is Medtronic's headquarters?

    Medtronic's headquarters is in Minneapolis Minnesota, USA

  1. How many employees does Medtronic have?

    Medtronic has 86,000 employees

  2. What sector does Medtronic operate in?

    Medtronic is in Health Care Equipment

  3. Who are Medtronic's competitors?

    Medtronic's top competitors are Boston Scientific, C. R. Bard, Abbott

  4. Who has Medtronic invested in?

    Medtronic's has invested in companies such as Saluda Medical, FIRE1, AEGEA Medical
Stay up-to-date with the latest news on Medtronic