Medtronic Net Worth (Updated 2025).
Medtronic, a name now synonymous with medical technology innovation, began its journey in 1949, in a small garage in Minneapolis, Minnesota. Earl Bakken, a young engineer, and his brother-in-law, Palmer Hermundslie, started the company with a simple mission: to repair and maintain medical equipment. Their first major breakthrough came when they successfully repaired a faulty heart pacemaker, a device that was then considered too complex to fix. This marked the beginning of Medtronic’s foray into the world of medical devices, a sector that would become their primary focus.
In the 1960s, Medtronic took a significant leap forward when it developed its own pacemaker, the first to use transistors instead of tubes. This innovation, the Medtronic Model 5800, was a game-changer, offering a more reliable and smaller device that could be implanted in the body. This marked the start of Medtronic’s rise to fame, as they began to establish themselves as a pioneer in cardiac rhythm management.
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Medtronic’s Current Net Worth (2025)
As of 2025, Medtronic’s current net worth is approximately $65 billion, according to the latest available information.
Medtronic’s Career
Founded in 1949, Medtronic pioneered the pacemaker and has since grown into a global leader in medical technology. With over 90,000 employees worldwide, the company specializes in cardiovascular, diabetes, and neuroscience therapies.
Other Ventures
Medtronic has expanded its reach through strategic acquisitions and partnerships. Notable ventures include its partnership with IBM Watson Health for diabetes management and the acquisition of Covidien in 2015, which strengthened its position in surgical technologies.
Assets
As of 2021, Medtronic’s total assets were valued at around $33 billion. This includes its extensive portfolio of intellectual property, manufacturing facilities, and investments in research and development.
Annual Income
In fiscal year 2021, Medtronic’s total revenue was $30.5 billion. This represents a steady growth trajectory, with the company reporting a 10% increase in revenue compared to the previous year.
Frequently Asked Questions about Medtronic
**Frequently Asked Questions: Medtronic Net Worth**
1. What is Medtronic’s net worth?
Medtronic’s net worth is estimated to be around $65 billion.
2. What is Medtronic’s primary business?
Medtronic is primarily a medical device company, specializing in cardiovascular, diabetes, and neuroscience products, among others.
3. When was Medtronic founded?
Medtronic was founded in 1949 by Earl Bakken and Palmer Hermundslie.
4. Where is Medtronic’s headquarters located?
Medtronic’s headquarters is located in Dublin, Ireland.
5. How many employees does Medtronic have?
As of 2021, Medtronic employs approximately 90,000 people worldwide.
6. What are some of Medtronic’s most popular products?
Medtronic’s most popular products include pacemakers, defibrillators, insulin pumps, and various surgical tools and equipment.
7. What is Medtronic’s revenue?
Medtronic’s annual revenue is around $30 billion.
8. What is Medtronic’s stock symbol?
Medtronic’s stock symbol is MDT and it is listed on the New York Stock Exchange (NYSE).
9. Who is Medtronic’s CEO?
Omar Ishrak is the current Chairman and CEO of Medtronic.
10. How many countries does Medtronic operate in?
Medtronic operates in over 150 countries around the world.
