Medtronic today announced data backing the use of its smart system for people with diabetes on multiple daily insulin injections. Our sister site, Drug Delivery Business News, reports today that real-world data showed how the system, designed for people with diabetes using multiple daily injections (MDI) when used as intended, helps users get closer to the internationally […]
Medtronic
Medtronic is the largest medical device company in the world, according to Medical Design & Outsourcing's MedTech Big 100.
NYSE: MDT
(view the MedTech Index here)
"Our top priority is restoring our earnings power — full stop,” Medtronic Chair and CEO Geoff Martha said to start 2024. Over the following months, the world’s largest medtech company continued significant portfolio management moves, including the shuttering of its ventilators business. There was more discipline on headcount and expenses — including worldwide layoffs — and increased use of automation and digitization. Some high-ranking officials have left the company, too — including CFO Karen Parkhill, who resigned to take over as CFO at HP. At the same time, company leaders stressed that Medtronic is making strategic investments in research and development to boost future growth. They said in May that the company had achieved 130 product approvals in the last 12 months in key geographies. As of the writing of this profile in early August, Medtronic was projecting 4–5% organic revenue growth in 2024.
Headquarters: Dublin, Ireland (Operational HQ in Fridley, Minnesota)
United States
Revenue ($USD): $32,364,000,000
R&D spend: $2,735,000,000
Employees: 100,716
Fiscal year end: 4/26/2024
CEO: Geoff Martha
Recent Medtronic News
Medtronic recalls embolization device after reported deaths
The FDA deemed a recall of some Medtronic Pipeline Vantage embolization devices serious after multiple deaths related to the device. The recall involves removing Pipeline Vantage 027 device models from use and sale and updating instructions for Pipeline vantage 021 models. Medtronic’s Pipeline Vantage embolization devices with Shield Technology treat bulges in the artery walls […]
Medtronic says new study backs Prevail paclitaxel-coated balloon
Medtronic announced results from a registry highlighting the effectiveness of the Prevail drug-coated balloon (DCB). Dr. Sacharias von Koch of the Deptartment of Cardiology and Clinical Sciences at Lund University, Skåne University Hospital in Sweden presented findings from the Swedish Coronary Angiography and Angioplasty Registry (SCAAR) at Cardiovascular Research Technologies (CRT) 2025 in Washington, D.C. […]
10 surgical robotics companies you need to know
Intuitive remains the dominant surgical robotics company — but other companies with savvy strategies are generating buzz and raising money. Surgical robotics experts agree that the most promising technologies provide robotic surgery options that don’t necessarily clash with Intuitive — the decades-long leader in soft-tissue surgery, which launched its next-gen da Vinci 5 system last […]
Medtronic has positive TAVR results in small aortic annulus patients
Medtronic released positive results from a two-year trial of Evolut TAVR that demonstrated superior valve performance in patients with small aortic annuli. The SMART trial assessed patients with aortic stenosis and a small aortic annulus. At two years, the study found comparable composite outcomes, including mortality, disabling stroke and heart failure hospitalization between Medtronic’s Evolut […]
Medtronic launches extravascular defibrillator in Japan
Medtronic announced that it launched its Aurora EV-ICD system for treating ventricular arrhythmias in Japan. The company’s Japan unit began rollouts for the Aurora EV-ICD MRI device and the Epsila EV MRI lead. They comprise the implantable cardioverter defibrillator (ICD) system that performs electrotherapy to restore a heart to a normal rhythm. Aurora delivers defibrillation, […]
Surgical robotics: What’s next for this exciting field?
Industry experts are excited about what’s on the horizon in surgical robotics in 2025. Speaking on the new season’s first DeviceTalks Tuesdays webinar, advisor Steve Bell — who has more than 25 years of experience in the surgical robotics industry — and The Mullings Group Chair and CEO Joe Mullings joined host Tom Salemi to […]
57 surgical robotics companies you need to know
Surgical robotics is one of the most dynamic fields in medtech. Intuitive’s launch last year of its next-gen da Vinci 5 robot “widened the moat” for other companies seeking to challenge its decades of dominance of soft-tissue surgical robotics inside hospitals. Medtech giants Medtronic and Johnson & Johnson, however, continue to move forward on their respective […]
Brainomix, Medtronic ink deal on AI in stroke care
Brainomix announced today that it entered into a strategic partnership with the Medtronic Neurovascular business unit. The collaboration aims to enhance stroke care for patients across Western Europe. Brainomix and Medtronic plan to integrate AI solutions into clinical practice to expand access to life-changing treatments. U.K.-based Brainomix develops the 360 Stroke platform. Powered by state-of-the-art […]
Medtronic enrolls first patient in drug-coated balloon study
Medtronic announced today that investigators enrolled the first patient in a pivotal trial of its Prevail drug-coated balloon (DCB). The study evaluates the paclitaxel-coated balloon catheter for in-stent restenosis (ISR) and de novo small vessel disease. Dr. Ziad Ali, director of the DeMatteis Cardiovascular Institute at St Francis Hospital & Heart Center (New York) performed […]
Medtronic wins first FDA nod for adaptive DBS for Parkinson’s
Medtronic announced today that the FDA approved its BrainSense adaptive deep brain stimulation (aDBS) platform. The company also received approval for its BrainSense Electrode Identifier (EI). Together, these technologies use a minimally invasive, surgically implanted neurostimulator to transmit electrical signals to specific parts of the brain affected by neurological disorders. They act as a sort […]
