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Medtronic Plc  (MDT)
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Medtronic Plc's

Competitiveness


 

MDT Sales vs. its Competitors Q2 2021



Comparing the results to its competitors, Medtronic Plc reported Total Revenue increase in the 2 quarter 2021 by 22.74 % year on year.
The sales growth was above Medtronic Plc's competitors average revenue growth of 19.5 %, recorded in the same quarter.

List of MDT Competitors

With net margin of 9.63 % company achieved higher profitability than its competitors.

More on MDT Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Medtronic Plc Net Income in the 2 quarter 2021 grew year on year by 56.62 %, slower than its competitors income growth of 187.29 %

<<  More on MDT Income Comparisons


Medtronic Plc's Comment on Competitors and Industry Peers


We compete in both the therapeutic and diagnostic medical markets in more than 140 countries throughout the world. These markets are characterized by rapid change resulting from technological advances and scientific discoveries. The product lines in which we compete face a mixture of competitors ranging from large manufacturers with multiple business lines to small manufacturers offering a limited selection of products. In addition, we face competition from providers of alternative medical therapies such as pharmaceutical companies.

Major shifts in industry market share have occurred in connection with product problems, physician advisories, safety alerts, and publications about our products, reflecting the importance of product quality, product efficacy, and quality systems in the medical device industry. In addition, in the current environment of managed care, economically motivated customers, consolidation among health care providers, increased competition, and declining reimbursement rates, we have been increasingly required to compete on the basis of price. In order to continue to compete effectively, we must continue to create or acquire advanced technology, incorporate this technology into proprietary products, obtain regulatory approvals in a timely manner, maintain high-quality manufacturing processes, and successfully market these products.





  

Overall company Market Share Q2 2021

Due to strong revenue growth of 22.74 % in Overall company Medtronic Plc improved its market share, to approximate 5.38 %.



<<  More on MDT Market Share.
 

*Market share calculated with total revenue.


MDT's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Medtronic Plc 31,597 166,959 3,908 49,000
Boston Scientific Corporation 11,196 64,233 581 24,000
St Jude Medical Inc 8,242 0 692 16,000
Edwards Lifesciences Corporation 4,925 73,440 1,462 0
Becton Dickinson And Company 19,896 72,116 1,956 30,619
0 0 0 0
Johnson and Johnson 89,190 437,394 17,767 126,500
Stryker Corp 16,246 105,412 2,083 26,000
Zimmer Holdings Inc 8,006 0 761 10,000
Bard C R Inc 5,308 28,675 690 13,900
Abbott Laboratories 40,233 227,244 6,376 77,000
Patterson Companies Inc 6,281 3,131 165 7,000
Covidien Plc 10,880 0 1,605 39,500
Danaher Corporation 28,065 227,827 5,885 71,000
Intuitive Surgical Inc 5,489 125,270 1,709 2,978
General Electric Co 76,742 104,050 -2,488 305,000
Mckesson Corporation 245,223 33,057 -4,301 70,400
Roper Technologies Inc 5,988 51,838 1,066 10,137
Osi Systems inc 1,147 1,780 74 0
SUBTOTAL 614,653 1,722,426 39,990 879,034


       
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