DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Medtronic Medical Device Company Intelligence Report" report to their offering.
US-based Medtronic's primary products include those used for the treatment of cardiac rhythm disorders, cardiovascular disease, neurological disorders, spinal conditions and musculoskeletal trauma, urological and digestive disorders, diabetes, and ear, nose and throat conditions. The company operates under two principal business segments:
- The Cardiac and Vascular Group
- The Restorative Therapies Group
Medtronic conducts its business in more than 120 countries worldwide. In fiscal year (FY) 2012 (ended April 2012), the company generated sales of US$16.18 billion and employed approximately 45,000 people worldwide.
In FY2012, Medtronic made progress in positioning itself to succeed in the dynamic healthcare market. Revenue growth improved modestly from 1% in FY2011 to 4% in FY 2012. Three-quarters of the business posted strong performance, growing by a combined 10%. The remaining businesses, consisting of the US Implantable Cardioverter Defibrillator and US Spine businesses, declined by 10%. While these businesses had unique factors affecting their performance, both showed some signs of stabilisation by the end of FY2012. International revenue grew by 11% while emerging markets grew by 20% in constant currency, and 19% as reported.
In FY2012, Medtronic gained market share in the majority of its businesses, driven by a series of product launches. The Resolute Integrity drug-eluting stent, the RestorSensor spinal cord stimulator and the Endurant II AAA stent graft system are all expected to drive further growth in FY2013.
Key Topics Covered
RESEARCH AND DEVELOPMENT
MANUFACTURING AND DISTRIBUTION
MERGERS AND ACQUISITIONS
KEY CORPORATE EVENTS
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