Medtronic's total revenue 2006-2020

In 2020, Medtronic’s total revenue was at an all-time high. Medtronic’s revenue has increased from 11.3 billion U.S. dollars in 2006 to almost 31 million U.S. dollars in 2019, but with a drop to 28.9 billion dollars in 2020. Medtronic is a medical technology and research company that works in a variety of specialties and sectors, including cardiovascular and diabetes, to name a few. The company’s operational headquarter is in Minneapolis, Minnesota, currently generating the largest part of its revenues in the United States. But for tax reasons Medtronic moved its legal headquarter to Dublin, Ireland, in 2015.

Medtronic company overview

Medtronic operates globally and, like the increases in revenue, has seen increases in other areas of their business. There has been an extreme increase in the number of people employed at Medtronic since 2006. There has also been an increase in Medtronic’s total assets since 2014. These increases, of course, are also due to the acquisition of Irish medical device company Covidien in 2015.

Medtronic’s global positioning

Medtronic is among the top global medical technology companies in many regards. Medtronic was ranked as the top medical technology company based on total revenue in 2018. The number of product approvals among medical technology companies is also a good measure of a company’s success. As of 2017, Medtronic had the largest number of total product approvals and clearances among the top medical technology companies. As a final measure of success for Medtronic, the company is among the top 10 most valuable healthcare brands worldwide.

Medtronic's total revenue from 2006 to 2020

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Source

Release date

June 2020

Region

Worldwide

Survey time period

fiscal years 2006 to 2020

Supplementary notes

All figures are for the fiscal year ending on the last Friday in April.
This statistic was assembled from several Medtronic annual reports.

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