Medtronic’s revenue increases 5% to $31.69bn in FY22
The company’s fourth quarter worldwide revenue declined by 1% on a reported basis to $8.09bn.
Medical devices pricing
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Medtronic concludes Intersect ENT acquisition
The deal adds Intersect ENT's PROPEL and SINUVA sinus implant product lines and technology to Medtronic's portfolio.
Merger and acquisition activities in China increased due to Covid-19
According to GlobalData's Medical Devices Deal Database, key M&A activities in China increased significantly from 2018 to 2021.
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Medtronic reports first implant in study of tibial neuromodulation device
The device stimulates the posterior tibial nerve to transmit electrical impulses that regulate the bladder’s neural activity.
Rockley Photonics and Medtronic to partner on wearable monitoring devices
Rockley and Medtronic are to jointly develop wearable devices for proactive and continuous health monitoring.
Medtronic introduces NuVent balloon to treat eustachian tube dysfunction
The shape of the device enables easy access to the patient’s eustachian tube through the nasal opening.
FDA approves Medtronic’s Freezor catheters to treat paediatric AVNRT
The devices are designed to freeze the cardiac tissue and block unnecessary electrical signals in the heart.
Volume-based procurement is shaking up high-value medical devices market in China
Starting with coronary stents, the volume-based procurement (VBP) of high-value medical consumables has been carried out in China since 2020.
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