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 their 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 market share in Europe.
  • CMS's national coverage analysis could increase US adoption of Symplicity™ Spyral system.
  • Exclusive Contego distribution agreement expands Medtronic's US carotid market presence.

What critics are saying

  • Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.
  • Regulatory changes in EU could delay BrainSense™ Adaptive DBS product launches.
  • CMS coverage analysis outcome may impact US adoption of Symplicity™ Spyral system.

What makes Medtronic unique

  • Medtronic leads in personalized Parkinson's treatment with BrainSense™ Adaptive DBS technology.
  • The company has a strong cardiovascular portfolio, including innovative renal denervation systems.
  • Medtronic's comprehensive product and service offerings enhance patient outcomes and reduce costs.

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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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