Medtronic

Medtronic

Develops and manufactures medical devices and therapies

About

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals and healthcare professionals around the world. Medtronic stands out from competitors by not only focusing on product development but also offering comprehensive services such as training for healthcare providers and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its advanced medical solutions.

Company Stage

IPO

Employees

10,001+

Industries

Biotechnology, Healthcare

Total Funding

$3.2M

Headquarters

Fridley, Minnesota

Founded

1949


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Simplify's Take

What believers are saying

  • CE Mark approval for BrainSense™ aDBS boosts Medtronic's EU market share.
  • CMS analysis could increase adoption of Symplicity™ Spyral in the U.S.
  • Exclusive Contego agreement strengthens Medtronic's U.S. carotid market position.

What critics are saying

  • Emerging competitors like Fire1 challenge Medtronic's cardiovascular market share.
  • Exclusive agreements may limit flexibility in adapting to market changes.
  • Regulatory changes in EU could delay new product launches like BrainSense™ aDBS.

What makes Medtronic unique

  • Medtronic leads in personalized Parkinson's treatment with BrainSense™ Adaptive DBS technology.
  • The company has a strong cardiovascular portfolio, including the Symplicity™ Spyral system.
  • Medtronic's strategic partnerships enhance its orthopedic and carotid market presence.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

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