Medtronic at a Glance

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Citation
European Cardiovascular Disease 2006 - Issue 2;2006:2(2):1-1
DOI
http://dx.doi.org/10.15420/ecr.2006.0.2.1a
Company Description

Medtronic is the global leader in medical technology, alleviating pain, restoring health and extending life for millions of people around the world. With deep roots in the treatment of heart disease, Medtronic now provides a wide range of products and therapies. Every five seconds, somewhere in the world a personÔÇÖs life is saved or improved by a Medtronic product or therapy.

Founded

29 April 1949 in Minneapolis, Minnesota, US, by Earl E Bakken and Palmer J Hermundslie.

Financial

Revenue for the year 2006 ended on April 28 at US$11.3 billion. New York Stock Exchange ticker: MDT.

Key Businesses

Cardiac Rhythm and Disease Management develops products that restore and regulate a patientÔÇÖs heart rhythm, as well as improving the heartÔÇÖs pumping function. The business markets implantable pacemakers, defibrillators, cardiac ablation catheters, monitoring and diagnostic devices and cardiac resynchronisation devices, including the first implantable device for the treatment of heart failure. In addition, the business markets automated external defibrillators (AEDs), which are increasingly being placed in public places such as businesses, airports, shopping centres and even homes, and the CareLink Patient Network, the industryÔÇÖs first Internet-based network that enables physicians to remotely monitor their patients who have cardiac devices.

Cardiac Surgery develops products that are used in both arrested and beating heart bypass surgery. The business also markets the industryÔÇÖs broadest line of heart-valve products for replacement and repair, auto-transfusion equipment and disposable devices for handling and monitoring blood during major surgery, as well as cardiac ablation devices to treat a variety of heart conditions.

Vascular offers products and therapies that treat a wide range of vascular diseases and conditions. These products include coronary, peripheral and neurovascular stents, stent graft systems for diseases and conditions throughout the aorta and distal protection systems. The business is also moving forward with the development of a drug-eluting stent to prevent restenosis. Medtronic Vascular also markets a full line of balloon angioplasty catheters, guide catheters, guidewires, diagnostic catheters and accessories.

Neurological offers neurostimulation and drug pump and infusion therapies for chronic pain, ParkinsonÔÇÖs disease and other common movement disorders. It also offers diagnostics and therapeutics for gastrointestinal and urological conditions, including incontinence, benign prostatic hyperplasia (BPH)/enlarged prostrate and gastro-oesophageal reflux disease.

Diabetes products include internal and external glucose monitors and insulin pumps.

Spinal and Navigation develops and manufactures products that treat a variety of disorders of the cranium and spine, including traumatically induced conditions, deformities and tumors. Through the introduction of INFUSE Bone Graft and Minimal Access Spinal Technologies, the business has distinguished itself as a global leader in less invasive surgical techniques. It also develops a variety of image-guided surgical navigation systems.

Global Presence

Medtronic does business in more than 120 countries. Medtronic world headquarters is located in Minneapolis, Minnesota. Regional headquarters include Switzerland and Japan.

Workforce

Medtronic employs approximately 36,000 people worldwide. Ôûá