VP Research & Innovation @ DarkVision | Adjunct Prof | Advisor | Content Creator | MedTech | CleanTech | Imaging | AI | Analytics
Intuitive & Boston Scientific outgrow Medtronic Since its inception in 1949, #Medtronic has seen steady revenue growth. Today, with over $30B in annual revenue and close to 100,000 employees, Medtronic is known to be the world’s largest medical device company. In addition to revenue, Medtronic valuation has also grown significantly over the years. In Aug 2021 Medtronic reached its peak valuation of $180B. However, since then, its valuation has dropped by over 40%. Today, Medtronic's valuation stands at approximately $100B. #Intuitive and #BostonScientific on the other hand have both seen significant increases in their market cap in recent years. Despite having lower revenues — $7B for Intuitive and $14B for Boston Scientific — and fewer employees — 12,000 for Intuitive and 50,000 for Boston Scientific — both companies have surpassed Medtronic in terms of market cap. Today, Boston Scientific has a valuation of over $110B and Intuitive has a valuation of over $150B. I previously wrote about the "Leaders who build Medtronic". I will write about the leaders who build Intuitive and Boston Scientific in coming weeks. In the meantime, here is a look at the evolution of market cap for these companies over the past three decades. Data source: Google Finance Visualizer: PlotSet Music: Dr Dre – Still Dre (Instrumental) #valuation #marketcap #strategy #medical #medicaldevice * Views and ideas are my own. The content that I provide here are public data and are intended to be educational only and are not endorsement or financial advice. I always encourage the readers to do their own research.
