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Overview
Medtronic is a multinational medical technology company that develops and manufactures a wide range of medical devices and equipment. It was founded in 1949 by Earl Bakken and Palmer Hermundslie as a medical equipment repair shop in Minneapolis, Minnesota. The company has grown significantly over the years and is now headquartered in Dublin, Ireland. Medtronic's products are used in various medical fields such as cardiology, neurology, diabetes, and orthopedics. Some of their most well-known products include pacemakers, insulin pumps, and surgical instruments. They also provide services such as remote patient monitoring and telemedicine solutions. The company operates in over 150 countries and has approximately 90,000 employees. Medtronic has a strong focus on research and development, with over $2.3 billion spent in this area in 2019. Their goal is to improve the lives of patients by developing innovative and effective medical solutions. In addition to their medical products, Medtronic also has a strong commitment to sustainability and corporate social responsibility. They have implemented various initiatives to reduce their environmental impact and support their local communities. Medtronic has received numerous awards and recognitions for their products, services, and corporate practices, including being named one of the World's Most Ethical Companies by the Ethisphere Institute for 13 consecutive years.
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