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Medtronic, Inc.: The Journey from Electrical Repair Shop to Global Medical Technology Giant

Medtronic, Inc.: The Journey from Electrical Repair Shop to Global Medical Technology Giant - new company profile report published


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2013-01-02 16:29:48 - Medtronic, Inc.: The Journey from Electrical Repair Shop to Global Medical Technology Giant - a new company profile report on companiesandmarkets.com

Medtronic is the world´s fourth largest manufacturer of healthcare equipment in terms of market share (9.3%). It develops and markets products and therapies in the areas of cardiac rhythm disorders, cardiovascular disease, neurological disorders, spinal conditions and musculoskeletal trauma, urological and digestive disorders, diabetes, and ear, nose, and throat conditions.

Scope of this research

Our Case Studies describe topics such as innovative products, business models, and significant company acquisitions Fact-based and presented in an accessible style, they explain the rationale of commercial decisions and illustrate wider market and economic trends

Research and analysis highlights

Medtronic describes innovation as "a founding tenet" and it has undoubtedly played a key role in the company´s rise. Innovating has allowed Medtronic to develop and market game-changing

 

 

products, starting with the pacemaker in the 1950s.

While product diversification and innovation have undoubtedly been key growth drivers for Medtronic, so too has its expansion beyond US borders. What started as a repair shop in a Minnesota garage has grown to become a $16bn turnover company serving clients in over 120 countries and with a presence across four continents.

The third growth strategy of the triumvirate adopted by Medtronic is acquisition. Via a series of strategic acquisitions, the company has been able to obtain intellectual property, broaden its product portfolio, and enter new markets.

Key reasons to purchase this research

How has Medtronic grown to become one of the world´s largest manufacturers of healthcare equipment? In what areas of healthcare is Medtronic involved?

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