Medtronic

Medtronic

Medical device maker advancing therapies

Overview

Medtronic makes medical devices and therapies to treat chronic diseases, including implantables, sensors, and diabetes management tools. Its devices interact with the body to regulate or monitor functions, such as pacemakers delivering heart stimulation and neuromodulation devices sending electrical signals. The company differentiates itself through a long history of device development and a broad portfolio, expanded via acquisitions to access new technologies and markets. Its goal is to improve patient health outcomes by providing integrated medical technologies that help manage chronic conditions.

About Medtronic

Simplify's Rating
Why Medtronic is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Healthcare

Company Size

10,001+

Company Stage

IPO

Headquarters

Fridley, Minnesota

Founded

1949

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Simplify's Take

What believers are saying

  • September 1, 2026 revenue rose 13.7%; cardiac ablation jumped 88%.
  • FDA cleared LigaSure RAS on September 16, 2026, expanding Hugo's U.S. instrument set.
  • Medtronic launched PulseSelect in India on September 7, 2026, widening AFib reach.

What critics are saying

  • FDA Class I Bravo recall on September 15, 2026 exposed 184 serious injuries.
  • Spinal cord stimulator lawsuits against Medtronic gain momentum before September 24, 2026 MDL arguments.
  • GLP-1 adoption and slower neuromodulation growth threaten Medtronic's diabetes and pain franchises.

What makes Medtronic unique

  • Affera PFA and Hugo pair energy, mapping, and robotics across surgeries.
  • MiniMed split lets Medtronic focus capital on cardiovascular and surgical franchises.
  • Forty-five million LigaSure procedures give Medtronic trusted brand leverage with surgeons.

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Funding

Total Funding

$340.6M

Above

Industry Average

Funded Over

3 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

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

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
Growthmenti
Sep 21st, 2026
How India's PLI scheme is shaping real jobs in 2026.

How India's PLI scheme is shaping real jobs in 2026. Discover which sectors the PLI scheme truly fuels, the roles emerging today, and actionable steps to land those jobs. Introduction. India's Production-Linked Incentive (PLI) scheme has become the backbone of the country's industrial revival. While headlines often tout trillion-rupee investments, job-seekers wonder: what roles are actually being created?* This post breaks down the sectors where PLI incentives are translating into concrete employment, illustrates real-world examples, and gives you a roadmap to tap into these opportunities. 1. Manufacturing gets a talent boost. The original PLI focus - electronics, telecom equipment, and automotive components - has moved beyond capital spending to human capital. * - Electronics assembly hubs such as Foxconn's* new plant in Tamil Nadu now employ 1,800 line-workers, quality engineers, and supply-chain analysts. * - EV battery manufacturers like Exide Industries* and Tata Power* have expanded their R&D teams, hiring 250 battery chemists, data scientists, and safety engineers in the past year. * - White-goods PLI has spurred LG Innova* to open a smart-appliance factory in Gujarat, creating 400 roles ranging from CNC machinists to IoT software testers. What this means for you: The demand is not just for manual labor; firms need technical specialists who can manage advanced automation, quality control, and digital twins. Upskilling in PLC programming, robotics, and data analytics can make you a prime candidate. 2. Renewable Energy & Green manufacturing. In 2026, the PLI extension for solar PV modules and wind turbine components is delivering jobs that align with India's climate goals. * - Adani Green* commissioned a solar-cell line in Madhya Pradesh, hiring 300 production engineers and 150 maintenance technicians. * - Vestas India* opened a blade-fabrication unit in Karnataka, creating 200 roles for composite material experts and CAD designers. * - Ancillary services - logistics, warehouse management, and quality assurance - have added another 500 jobs across the supply chain. Action tip: If you have a background in mechanical engineering, materials science, or supply-chain logistics, consider short certification courses in solar PV design or wind turbine maintenance offered by NPTEL and the Indian Institute of Technology (IIT) platforms. 3. Pharma & medical devices - A hidden growth engine. The pharma PLI scheme, originally aimed at generic drug production, now fuels a surge in high-skill roles. * - Cipla* expanded its API (Active Pharmaceutical Ingredient) plant in Hyderabad, hiring 120 process engineers and 80 regulatory affairs specialists. * - Medtronic India* leveraged the medical-device PLI to set up a manufacturing unit for cardiac implants in Maharashtra, creating 250 positions for biomedical engineers and quality auditors. * - The ecosystem of contract research organizations (CROs) has grown, adding 400 jobs for clinical data managers and biostatisticians. Takeaway: Regulatory knowledge (USFDA, CDSCO) and expertise in Good Manufacturing Practices (GMP) are premium skills. Enroll in a GMP certification or a short-term regulatory affairs program to stay competitive. 4. Defence & aerospace - The new frontier. The defence-manufacturing PLI, launched in 2024, is now delivering tangible employment outcomes. * - Bharat Electronics* set up a radar-system assembly line in Delhi, employing 180 electronics engineers and 70 system-integration specialists. * - Hindustan Aeronautics* expanded its UAV production in Pune, creating 220 roles for aerospace designers, test pilots, and avionics software developers. * - Supporting industries - metal-fabrication, precision machining, and cybersecurity - have added 300 indirect jobs. Practical step: Defence projects often require security clearances. Begin the clearance process early, and consider a short course in defence procurement offered by the Institute of Defence Studies and Analyses (IDSA). 5. Digital services embedded in physical goods. A less obvious but rapidly growing area is the convergence of digital services with PLI-enabled products. * - Samsung*'s smart-home appliance line integrates AI voice assistants. The company hired 150 AI-model trainers and 80 data-privacy analysts in Bangalore. * - Mahindra & Mahindra*'s electric tractors now come with telematics dashboards, creating demand for IoT firmware engineers and field data analysts. * - Start-ups like Ather Energy* are outsourcing software development to TCS* and Infosys*, adding 200 fresh graduate positions for full-stack developers. How to act: Strengthen your full-stack development or AI/ML skill set. Platforms like Growthmenti offer curated learning paths aligned with these emerging roles. 6. Skill-Mapping & immediate actions for job-seekers. Understanding the macro-trend is only half the battle. Here's a checklist you can implement today: * - Identify your target sector (e.g., EV batteries, solar PV, pharma). Use the Ministry of Commerce's PLI dashboard to see which states have active incentives. * - Map required skills - cross-reference job postings on Naukri, LinkedIn, and Indeed with the roles listed above. Note recurring keywords such as PLC programming*, GMP*, IoT*, or regulatory affairs*. * - Enroll in micro-credentials - pick one certification that fills the biggest gap (e.g., Robotics Process Automation* from IIT Bombay, Solar PV Design* from NPTEL). * - Network strategically - join sector-specific LinkedIn groups (e.g., India EV Manufacturing*), attend virtual webinars hosted by the Confederation of Indian Industry (CII), and reach out to alumni from companies hiring under PLI. * - Build a project portfolio - for technical roles, create a GitHub repo or a CAD showcase that mirrors a real-world problem (e.g., designing a low-cost solar inverter). * - Tailor your resume - highlight any experience with government incentives, compliance, or cost-optimization projects; these resonate strongly with PLI-driven employers. Conclusion. The PLI scheme is no longer a buzzword; it is a job-creation engine reshaping India's employment landscape across manufacturing, renewable energy, pharma, defence, and digital-embedded services. By aligning your skill set with the sectors that are actually hiring, you can ride the wave of growth in 2026 and beyond. Ready to act? Visit Growthmenti's career-path tool, upload your resume, and get a personalized roadmap to the PLI-driven roles that match your profile. Your next opportunity could be just a certification away.

InsuranceAsia News
Sep 18th, 2026
Envest, Labuan Re, Allianz Commercial, Willis: 14 APAC insurance people moves of the week.

Envest, Labuan Re, Allianz Commercial, Willis: 14 APAC insurance people moves of the week. InsuranceAsia News wraps up the people moves from the insurance industry in Asia this week. 1. Envest taps former Marsh NZ chief to lead New Zealand broking. The Envest Group has appointed Toni Ferrier as chief executive officer of Envest Broking New Zealand, effective February 2027. Envest Group chief executive Greg Mullins said Ferrier's appointment represents a significant milestone in the group's long-term growth strategy in New Zealand. Ferrier was most recently CEO of Marsh New Zealand, and was previously president of Marsh Risk New Zealand. She stepped down from her Marsh role last month. Read the full story here. 2. Labuan Re hires CUO. Malaysian reinsurer Labuan Reinsurance has appointed Chan Swee Chee as CUO, effective from Monday. Chan brings over 28 years of experience in the (re)insurance industry, with extensive expertise in treaty and facultative reinsurance across Asia, including the Middle East. Read the full story here. 3. Allianz Commercial confirms new head of liability underwriting. Steve Williams has been appointed as Allianz Commercial's head of liability underwriting on a permanent basis. Sydney-based Williams has been with Allianz for over 15 years, having spent much of this time in senior underwriting roles in the personal injury division, before stepping into the acting head of liability role in October. Read the full story here. 4. Willis promotes sales head to lead Australia P&C business. Willis has announced the appointment of Will Sare as head of corporate for Australia, effective immediately. Sare, who has been with Willis since July 2025 as head of sales for the Pacific having joined from Marsh, will lead the property and casualty business across Australia. Read the full story here. 5. Aon strengthens Asia transaction solutions team, appoints ART leader. Natsuko Kato has joined Aon's transaction solutions team in Asia as a deputy director based in Japan. Japan-based Kato, who joins from Medtronic Japan, where she served as principal legal counsel, will support Aon's growing M&A insurance practice. Aon has appointed Tanvee Mehta as its alternative risk transfer (ART) leader for Asia. Singapore-based Mehta joins from Swiss Re, where she had been the senior structurer of ART solutions for APAC since 2023. Read the full story here and here. 6. Marsh names cyber managing principal in Australia. Jack Morecroft has joined Marsh as its managing principal for cyber in Australia. Melbourne-based Morecroft joins from Gallagher, where he had been since January 2022 in London and Melbourne. Read the full story here. 7. Howden brings crop, livestock, parametric risk specialist to Singapore. Howden has appointed crop, livestock and parametric risk specialist Sonal Mishra as a senior vice president within its reinsurance division. Mishra has relocated from India to Singapore, having spent the last almost 10 years at Tata AIG General Insurance leading and managing the crop, livestock, and parametric insurance portfolio in her role as associate vice president. Read the full story here. 8. Zurich property, marine head joins Lockton Australia as head of real estate. Evan Moore has joined Lockton Australia as its head of real estate, according to a LinkedIn update. Sydney-based Moore joins from Zurich, where he led property, marine and technical lines for its general insurance business in Australia, after relocating from the UK in February 2023. Read the full story here. 9. Coface names head of commercial for Thailand. Coface has appointed Natthaphan Phanitchawong as its head of commercial for Thailand. Bangkok-based Phanitchawong joins from AIG, where he spent 17 years as the head of the trade credit insurance department. Read the full story here. 10. BMS Group appoints national head of general claims for Australia. BMS Group has appointed Anna Capone as national head of general claims for Australia, according to a LinkedIn update. Perth-based Capone joins after over two and a half years at McLardy McShane Insurance Advisors in Melbourne, where she was most recently national claims manager. Read the full story here. 11. Miller Japan hires business development, credit insurance specialist. Miller Japan has tapped Hiroaki Wakamatsu as a business development and credit insurance specialist. Tokyo-based Wakamatsu will work alongside Tokinori Kono, head of non-marine broking, across multiple lines of business, including credit, surety and political risk. Read the full story here. 12. Starr makes double A&H appointments. Starr has appointed Sharon Ho as head of A&H for Hong Kong. Ho will lead the continued development of Starr's A&H offering in Hong Kong, with a particular focus on growing the travel business across a range of distribution channels. Starr has appointed Patto To as its regional A&H claims manager in Asia. Hong Kong-based To will focus on strengthening Starr's A&H claims service across Hong Kong and Singapore, supporting regional teams, clients and partners. Read the full story here and here. 13. Specialist Risk Group Australia appoints managing partner. Specialist Risk Group Australia has appointed Josh Lauren as managing partner. Perth-based Lauren joins the broker following a year-long career break, having previously worked for Empire Insurance Group, a Western Australia-based broker which was acquired by Marsh in 2024. Read the full story here. 14. Thailand's TQR taps business development assistant vice president. Thai reinsurance broker TQR Public Company has appointed Tanasta Dhadasih as an assistant vice president for business development, focusing on specialty reinsurance, effective from Monday. Bangkok-based Dhadasih brings over 14 years of experience in the insurance industry, with strong expertise in financial lines, underwriting, corporate business, and client management. Read the full story here. Other moves you may have missed. India-focused reinsurer Niyam Group has appointed Aditi Chaturvedi as director of actuarial. She joins from Accenture, where she was an actuarial senior principal for the last four years. Ageas Group's country manager for Malaysia and Singapore Dimitri Terryn confirmed his departure from the firm. He will return to Belgium to join the management team of Ageas Re as chief risk officer. For more InsuranceAsia News (IAN) people moves at brokers, insurers, reinsurers, insurtechs, specialty players, MGAs and loss adjusters across Asia Pacific's fast-growing (re)insurance markets click here. * Gallagher Re, MDS Group, Howden, Bowring Marsh, Charles Taylor: 12 APAC insurance people moves of the week * September 11 Swiss Re, Axa XL, Aviso Specialty, bolttech, Chubb, Markel, IFFCO Tokio General Insurance, Munich Re, Wills Re, Sompo, Coalition Australia, and Ace Insurance Brokers also made personnel changes over the last week. * Marsh Re, Axa XL Re, IFFCO Tokio, Marsh, Zurich: 21 APAC insurance people moves of the week * September 4 Great American Insurance, Sompo, Chubb, Peak Re, Adva Group, Aon, Generali Central Insurance, Scor Business Solutions, Lockton, Aviso Specialty, QBE, Coface, Gallagher, AIG, Ageas Re and 360 Underwriting Solutions also made personnel changes over the last week. * Amwins, Guy Carpenter, Markel, Allianz: 13 APAC insurance people moves of the week * August 28 MSIG, Angel Underwriting, Chubb, Victor Insurance, AIG, McLarens, Lockton, Sompo and Aon also made personnel changes over the last week. * Aon, Zurich, Marsh, AIG, Allianz Trade: 18 APAC insurance people moves of the week * August 21 Nat Re, Oneglobal Broking, Pen Underwriting, Crawford, Berkley Re, Generali Central Insurance, Protec General Insurance, Niyam Group, Gallagher, Cowbell, QBE, HDI Global, Axa XL and Key Insurance Partners also made personnel changes over the last week. Partner Content * BlackRock | Rethink the rules: how TAA and ETFs are reshaping portfolio construction As global markets fragment into distinct regional poles, tactical asset allocation - powered by precise index data and ETF implementation - has become essential for navigating regime shifts and enhancing portfolio resilience. Daniel Caderas, Portfolio Manager, Global Tactical Asset Allocation APAC Lead, BlackRock Raman Aylur Subramanian, Managing Director, Index Research & Development, MSCI Part 1: [...] * BlackRock | Infrastructure comes of age for insurers Are insurers capturing full value from the asset class? BlackRock shares its perspective. * PartnerRe | The missing life stage: why caregiving is reshaping the future of protection in APAC To stay relevant, insurers should engage caregivers earlier with solutions that combine protection, navigation support, and preventative planning. * BHSI | The real risk begins underwater: how subsea risk is changing insurance Asia's subsea industry is expanding and evolving rapidly, with the growing use of technology across the region changing the way risks are be assessed.

PR Newswire
Sep 16th, 2026
Medtronic's LigaSure vessel-sealing tech gets FDA clearance for Hugo robotic surgery system

Medtronic has received FDA clearance for its LigaSure RAS Maryland jaw device on the Hugo robotic-assisted surgery system. The vessel-sealing technology, previously used in over 45 million procedures globally, is now available for robotic-assisted surgery in the US. The instrument seals and cuts vessels up to 7mm in diameter in approximately 2 seconds whilst minimising thermal spread. It works exclusively with the Valleylab FT10 energy platform on the Hugo RAS system. The Hugo RAS system is currently cleared for urologic procedures in the US and is being used in multiple health systems. Medtronic is working to expand its indications to general and gynaecologic procedures. Outside the US, the system has been used in over 50 different surgical procedures across more than 35 countries. The LigaSure RAS Maryland instrument received CE Mark for European use in 2025.

PR Newswire APAC
Sep 15th, 2026
AmChamSG honors impact, innovation and leadership at the 2026 #AmChamREPRESENT Awards with mr. Heng Swee Keat, Former Deputy Prime Minister of Singapore and Chairman of the National Research Founda...

AmChamSG honors impact, innovation and leadership at the 2026 #AmChamREPRESENT Awards with mr. Heng Swee Keat, Former Deputy Prime Minister of Singapore and Chairman of the National Research Foundation, Singapore. 2026-09-15 22:19 1325 Medtronic and Junior Achievement take top honors in inaugural US250 Corporate Excellence Award as AmChamSG recognizes 22 companies and business leaders SINGAPORE, Sept. 15, 2026 /PRNewswire/ - The American Chamber of Commerce in Singapore (AmChamSG) recognized 22 companies and business leaders for excellence in innovation, leadership, workplace culture and U.S.-Singapore business ties at the 2026 #AmChamREPRESENT Awards dinner on September 8, 2026. Mr. Heng Swee Keat, Chairman of the National Research Foundation, Singapore and Former Deputy Prime Minister of Singapore, presented the awards. Mr. Heng Swee Keat, Former Deputy Prime Minister of Singapore and Chairman of the National Research Foundation, Singapore; Mr. Adam Click, AmChamSG Chairman and Regional Client Lead, Global Business Organization, Google Asia Pacific; Dr. Hsien-Hsien Lei, AmChamSG CEO; and the judges and recipients of the US250 Corporate Excellence award (photos of other award recipients appended) The six award categories recognize organizational excellence and individual leadership, spanning corporate excellence, digital and AI adoption, workplace culture, leadership development and contributions to U.S.-Singapore business ties. The awards were presented as part of the 2026 AmChamSG Regional Economic Conference, a two-day gathering of government, business and policy leaders examining the forces reshaping growth, resilience and competitiveness in Singapore and the region. Among this year's standout recipients, Medtronic received both the US250 Corporate Excellence Award and Empowering Workplace Award in the MNC category, while Micron was recognized for its leadership in AI adoption and received an Honorable Mention for US250 Corporate Excellence, together with The Lubrizol Corporation. Junior Achievement took the US250 Corporate Excellence Award in the SME & Others category. "Medtronic is proud to receive both the US250 Corporate Excellence Award and the Empowering Workplace Award, reflecting our commitment to responsible leadership, innovation, and meaningful impact across Southeast Asia. This recognition belongs to our people and the inclusive culture that enables them to thrive. We greatly value our longstanding partnership with AmCham and our shared commitment to advancing healthcare access, innovation, and regional progress," said Feng Dong, Vice President of Medtronic Asia. Introduced this year to commemorate the 250th anniversary of American independence, the US250 Corporate Excellence Award recognizes companies that embody the values of American enterprise - including boldness, resilience, openness and corporate responsibility - through the way they do business and contribute to society. The award highlights organizations that pair innovation and resilience with meaningful economic and community impact. In congratulating the recipients, AmChamSG CEO Dr. Hsien-Hsien Lei said, "Recognition matters because it acknowledges the effort and impact behind what has already been achieved. But the best awards should also inspire what comes next." "Through the #AmChamREPRESENT Awards, we want to celebrate companies and leaders who are making a difference today, while encouraging our business community to keep pushing forward, raising the bar and creating even greater impact. That spirit is especially meaningful as the United States marks 250 years of independence. The inaugural US250 Corporate Excellence Award recognizes the contributions American businesses have already made in Singapore and the region, while also challenging us to build on that legacy through continued innovation, resilience and partnership." * US250 Corporate Excellence Award - recognizes companies that demonstrate boldness, resilience, openness and corporate responsibility through their business operations and societal impact. * Quantum Leap in Digital & AI Award - recognizes excellence in using digital technologies and AI to create and enhance business value, including stronger customer experiences, productivity and decision-making. * Empowering Workplace Award - recognizes companies that prioritize employee engagement, personal growth, inclusive workplace practices and learning and development. * Anchor Leadership Award - recognizes individuals who have demonstrated strong, adaptable and people-centered leadership, particularly in guiding organizations through challenging periods. * Emerging Leader Award - recognizes individuals demonstrating the leadership skills, cross-functional capabilities and resilience required to excel as future organizational leaders. * U.S.-SG Business Builder Award - recognizes individuals who actively advance U.S.-Singapore business ties through trade and investment, advocacy, networks and cross-border collaboration. About AmCham Singapore Established in 1973, the American Chamber of Commerce in Singapore (AmChamSG) is the largest and the most active international business association in Singapore and Southeast Asia, with over 600 American and other global companies with significant U.S. business interests. AmChamSG is an independent, non-partisan business organization with the goal of offering insights and facilitating access and connections that provide members with a comprehensive understanding of the local, regional, and global operating environments. Its mission - to create value for its members by providing advocacy, community, and thought leadership. Visit: www.amcham.com.sg 2026 #AmChamREPRESENT Award Recipients | US250 Corporate Excellence Award | | MNC Category | Medtronic | | SME & Others Category | Junior Achievement | | Honorable Mention | Lubrizol | | Micron | | AI Advantage in Business Award | | MNC Category | Micron | | SME & Others Category | Aays | | Honorable Mention | Allen & Gledhill | | DocDoc | | Procter & Gamble | | Empowering Workplace Award | | MNC Category | Medtronic | | SME & Others Category | The Caffeine Experience | | Honorable Mention | Marsh | | Marina Bay Sands | | Anchor Leadership Award | | MNC Category | Vidmay Naini, General Manager, Global Emerging Markets, eBay | | SME & Others Category | Cole Anthony Sirucek, CEO, DocDoc | | Honorable Mention | Simon Kahn, Chief Marketing Officer, Google Asia Pacific | | Emerging Leader Award | | MNC Category | Alyssa Wee, Marketing Manager and Market Access, Vantive | | SME & Others Category | Dr. Anindita Santosa, CEO, AIGP | | Honorable Mention | Edwin Chuah, Business Development Director, Bitdeer | | Regional Business Catalyst | | MNC Category | Gabriel Tan, CEO, GUAVA International | | SME & Others Category | Dr. Sue-Anne Toh, CEO/Co-Founder, NOVI Health | | Honorable Mention | Hau Yee Ng, Founder & Executive Director, Junior Achievement |

Yahoo Finance
Sep 15th, 2026
Medtronic and Sonus partner on AI ultrasound patch to screen pregnant women for preeclampsia in Kenya

Sonus Microsystems has partnered with Medtronic to integrate its AI-powered wearable ultrasound platform with Medtronic's vital-sign monitoring technology. The collaboration, funded by the Gates Foundation, will evaluate the combined system in field studies in Kenya. The partnership aims to develop a non-invasive monitoring system for screening and triaging pregnant women at risk of early-onset preeclampsia. The studies will be coordinated with Kenyatta University and antenatal facilities in Nairobi. Preeclampsia affects approximately 8% of pregnancies globally and is a major cause of maternal and fetal mortality in low- and middle-income countries. The condition is characterised by high blood pressure and organ damage, yet current screening relies primarily on blood pressure measurement alone. The Sonus Patch makes ultrasound autonomous, enabling delivery in settings without specialised sonographers.

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