Medtronic is a healthcare company focusing on medical technology, chronic disease treatment, and innovative therapies. The company provides lifelong solutions for individuals suffering from chronic pain and works to develop devices that treat over 30 chronic diseases such as heart failure, Parkinson's disease, urinary incontinence, Down syndrome, obesity, chronic pain, spinal disorders, and diabetes. With its four main business units - the Minimally Invasive Therapies Group, the Diabetes Group, the Restorative Therapies Group, and the Cardiac and Vascular Group - Medtronic aims to improve the lives of millions of patients worldwide.
Founded in 1949 and headquartered in Minneapolis, Minnesota, Medtronic has turned into an industry leader with 104,950 employees and an annual revenue of $31.7 billion. The company is led by CEO Geoffrey Straub Martha and is known for its diverse workforce which includes 42.8% females and 44.8% ethnic minorities. Despite some political differences among employees, Medtronic boasts strong employee retention with staff members staying an average of 5.3 years.
