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

80/100

OVERVIEW

Founded:

1949

Headquarters:

MinneapolisMinnesota

Status:

PublicIndependent Company of NYSEMDT

Industry Sector:

Health Care Equipment

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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 $27B 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.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Omar Ishrak

Chairman & CEO

- -
86,000
$0
$30.7B
1

Michael F. Mahoney

Chairman & CEO

77/100
32,000
$400M
$10.1B
2

Timothy M. Ring

Chairman & CEO

67/100
16,300
- -
$3.9B
3

Miles D. White

Chairman & CEO

58/100
103,000
$6.9M
$30.9B
4

Alex Gorsky

Chairman & CEO

66/100
135,100
- -
$81.3B
5

Jose E Almeida

Chairman & CEO

86/100
50,000
- -
$11.1B
6

Vincent Forlenza

Chairman & CEO

81/100
76,032
- -
$17.1B
7

Kevin A. Lobo

Chairman & CEO

80/100
36,000
- -
$14.2B
8

Bryan C. Hanson

President & CEO

61/100
19,000
- -
$7.9B
9

Marlou Janssen

President

88/100
4,800
- -
$500M
10

Kevin Sayer

Chairman & CEO

85/100
2,800
$67.6M
$1.2B

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$30.7B

Medtronic's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 19B. Over the last four quarters, Medtronic's revenue has grown by $12M. Specifically, in Q3 2019's revenue was $7.5B; in Q2 2019, it was $8.1B; in Q1 2019, it was $7.5B; in Q4 2018, Medtronic's revenue was $7.5B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
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.
Mazor Robotics Ltd.

Sep 2018

Source »
$1.6B
Mazor Robotics develops a robotic guidance system for the treatment of spine and brain disorders.
Visionsense Ltd.

Apr 2018

Source »
$40M
Visionsense develops a minimally invasive stereoscope camera that offers 3D visualization and medical imaging solutions for surgical applications.

These are all the companies that Medtronic has acquired. Medtronic has acquired 26 companies and its latest acquisition was AV Medical Technologies Ltd. in Oct 2019. AV Medical is a medical device company that designs and develops catheters for dialysis patients undergoing routine angioplasty procedures.

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 26 companies and its latest investment was AV Medical Technologies Ltd. in Oct 2019. AV Medical is a medical device company that designs and develops catheters for dialysis patients undergoing routine angioplasty procedures.

Medtronic News

October 15, 2019MassDevice

How Medtronic could help change healthcare for the better

Medtronic officials want the world's largest medtech company to do more than just make medical device... See more »
October 14, 2019StartTribune

MDI, Medtronic, others form coalition to support hiring disabled workers with disabilities

MDI, the light manufacturer that employs a workforce of nearly 50% people with disabilities, Medtroni... See more »
October 12, 2019Volanews

Medtronic to Buy Israeli Catheter Developer AV Medical for $30 Million

Born in 2018, Volanews is a bilateral information platform between China and global emerging markets ... See more »
October 11, 2019Becker's Spine Review

$50M Medtronic expansion to create 500+ jobs in Puerto Rico

Medtronic is investing more than $50 million into its manufacturing operations in Puerto Rico, Caribb... See more »
October 10, 2019BioPortfolio

FDA grants Breakthrough Device Designation for Medtronics Valiant TAAA System

Medtronic has secured Breakthrough Device designation from the US Food and Drug Administration FDA fo... See more »
October 9, 2019Zacks

Medtronic Submits Two Pelvic Health Devices for FDA's PMA

Medtronic's (MDT) filing for both its InterStim products to gain FDA's PMA is its essential bid to bo... See more »
October 9, 2019FE Investegate

FDA Classifies Medtronic Sherpa Delivery Catheter Field Action Initiated in March 2019 as Class I Recall

9:00 PM: FDA Classifies Medtronic Sherpa Delivery Catheter Field Action Initiated in March 2019 as Cl... 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

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 »
February 14, 2019StreetInsider

Medtronic and Medical University of South Carolina Partner to Improve Patient Outcomes

Medtronic plc (NYSE: MDT) and the Medical University of South Carolina (MUSC) today announced a five-... See more »
February 7, 2019Industry Today

Dermabrasion & Microneedling Market 2019 Global Analysis By Key Players - Stryker, CONMED Corporation, Medtronic, MicroAire Surgical Instruments, George Tiemann & Co

WiseGuyReports.Com Publish a New Market Research Report On -" Dermabrasion & Microneedling Market 201... See more »
January 15, 2019PRZOOM

Imec and CARDIS Partners Develop Unique Photonic-based Medical Device for the Screening of Arterial Stiffness

PRZOOM - Newswire (press release) - 2019/01/15, Leuven, Belgium - Imec, and Ghent University, togethe... 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 80%. 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 $30.7B 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