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Stock impact report

Medtronic (MDT) Cardiovascular Business Expands Amid Macro Woes [Yahoo! Finance]

Medtronic plc. Ordinary Shares (MDT) 
Last medtronic plc. ordinary shares earnings: 2/18 06:45 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.medtronic.com
Company Research Source: Yahoo! Finance
Medtronic is strongly expanding its global foothold in the Cardiovascular business (consisting of nearly 37% of the company's total revenues in fiscal 2024). Within Cardiovascular, Cardiac Rhythm Management, one of Medtronic's largest businesses, and the Cardiac Pacing business continued to drive strong growth (up 20% in the fiscal fourth quarter) following the launch of the company's next-generation Micra AV2and VR2 devices in the United States. Within Structural Heart in Cardiovascular, the company looks forward to market share gain on strong Transcatheter Aortic Valve Replacement (TAVR) prospects. According to Medtronic, TAVR is one of the largest growth drivers for the company, and it expects the market, which was roughly $5.5 billion in 2023, to exceed $7 billion within the next three years and reach $10 billion in the next five years. In the fiscal fourth quarter, despite healthcare staffing challenges, the Structural Heart business grew 5.8% organically. The company won TAVR Show less Read more
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