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

Followers on Owler

39,599

Followers on Owler

Based on data from Medtronic's latest SEC filings

Annual Revenue

Based on data from Medtronic's latest SEC filings

Employees

Chairman & CEO

Omar Ishrak

CEO Approval Rating

75/100

OVERVIEW

Founded:

1949

Headquarters:

MinneapolisMinnesota

Status:

PublicNYSEMDT

Industry Sector:

Health Care Equipment

SIC Code:

8090NAICS listing »

5047NAICS listing »

Top Competitors or Alternatives

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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 54,000 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 $27.2B 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 17,000 more employees than Medtronic.

Omar Ishrak

Chairman & CEO

- -

86,000

$30.9B

Michael F. Mahoney

Chairman & CEO

73/100

32,000

$400M

$10.4B

Timothy M. Ring

Chairman & CEO

77/100

16,300

- -

$3.9B

Miles D. White

Chairman & CEO

66/100

103,000

$6.9M

$31.4B

Alex Gorsky

Chairman & CEO

80/100

135,100

- -

$81.7B

Jose E Almeida

Chairman & CEO

75/100

50,000

- -

$11.1B

Thomas Polen

CEO

77/100

76,032

- -

$17.4B

Kevin A. Lobo

Chairman & CEO

88/100

36,000

- -

$14.9B

Bryan C. Hanson

President & CEO

67/100

19,000

- -

$7.9B

Marlou Janssen

President

72/100

4,800

- -

$500M

Kevin Sayer

Chairman & CEO

79/100

2,800

$67.6M

$1.4B

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 474.2K 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

$30.9B

Medtronic's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 19.2B. Over the last four quarters, Medtronic's revenue has grown by 2.1%. Specifically, in Q4 2019's revenue was $7.7B; in Q3 2019, it was $7.5B; in Q2 2019, it was $8.1B; in Q1 2019, Medtronic's revenue was $7.5B.

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.

+ See more acquisitions

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

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

See all articles »

February 18, 2020Reuters

Medtronic quarterly profit up 51%, sees coronavirus impact

Medtronic Plc on Tuesday reported a 51% rise in third-quarter profit on an income tax gain and higher... See more »

February 18, 2020MarketScreener

Raises 2020 Guidance, Sets 4Q Outlook

(marketscreener.com) By Dave Sebastian Medtronic PLC on Tuesday raised its fiscal 2020 adjusted-earni... See more »

February 18, 2020MarketWatch

Medtronic's stock falls after profit beats but sales comes up shy

Shares of Medtronic PLC fell 1.4% in premarket trading Tuesday, after the Dublin-based medical techno... See more »

February 18, 2020FinanzNachrichten

Medtronic Again Boosts FY20 Adj. EPS Outlook

FRIDLEY (dpa-AFX) - While reporting financial results for the third quarter on Tuesday, medical devic... See more »

February 18, 2020BioSpace

Medtronic Reports Third Quarter Financial Results 2020

Medtronic plc announced financial results for its third quarter of fiscal year 2020, which ended Janu... See more »

February 14, 2020The Business Journals: Minneapolis/St. Paul

Medtronic buys British surgical AI company called Digital Surgery

Medtronic (NYSE: MDT) has acquired Digital Surgery, a British health-tech company, for an undisclosed... See more »

February 14, 2020CBS MINNESOTA

Medtronic Recalls 300K Insulin Pumps After Death, 2K Injuries

Minnesota-based Medtronic is recalling more than 300,000 insulin pumps due to a missing or broken com... See more »

Medtronic Blogs

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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

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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 »

September 16, 2019centralcharts

National Osteoporosis Foundation Supports New Evidence-Based Care Pathway Designed to Optimize Care for Vertebral Compression Fractures (VCF)

DUBLIN, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Medtronic plc (NYSE:MDT), the global leader in medical tec... See more »

July 23, 2019GlobeNewswire

Medtronic Requests Approval of Non-Adjunctive Labeling from FDA

DUBLIN, July 23, 2019 (GLOBE NEWSWIRE) -- Medtronic plc (NYSE:MDT), the global leader in medical tech... See more »

July 2, 2019StreetInsider

Medtronic Announces Closing of Public Offering of €5 Billion of Senior Notes

DUBLIN, July 02, 2019 (GLOBE NEWSWIRE) -- Medtronic plc (the “Company”) (NYSE: MDT) today announced t... See more »

April 17, 2019Industry Today

Medical Adhesive Tapes 2019 Global Market Key Players - 3M, Johnson & Johnson, Smith & Nephew, Medtronic, Nitto Medical, Cardinal Health, Henkel, Beiersdorf - Analysis and Forecast to 2024

WiseGuyRerports.com Presents "Global Medical Adhesive Tapes Market 2019 by Manufacturers, Regions, Ty... See more »

March 8, 2019centralcharts

Medtronic Announces Cash Dividend for Fourth Quarter of Fiscal Year 2019

The board of directors of Medtronic plc (NYSE:MDT) today approved the fiscal year 2019 fourth quarter... See more »

March 6, 2019streetinsider

Medtronic Announces the Pricing Terms of its Cash Tender Offers for Certain Outstanding Debt Securities Issued by Medtronic, Inc. and Covidien International Finance S.A.

Medtronic plc (the "Company") (NYSE: MDT) today announced the pricing terms of the previously-announc... See more »