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Medtronic Plc  (MDT)
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Medtronic Plc's

Competitiveness


 

MDT Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Medtronic Plc reported Total Revenue decrease in the 2 quarter 2022 year on year by -7.71 %, despite revenue increase by most of its competitors of 4.49 %, recorded in the same quarter.

List of MDT Competitors

With net margin of 12.63 % 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 2022 grew year on year by 21.07 %, faster than average growth of Medtronic Plc's competitiors of 20.48 %

<<  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 2022

Overall company, revenue fell by -7.71 % and company lost market share, to approximate 5.64 %.




<<  More on MDT Market Share.
 
*Market share is calculated based on total revenue.


MDT's vs. Competition, Data

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


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Medtronic Plc MDT 101,935.78 31,070.00 5,224.00 90,000
Boston Scientific Corporation BSX 64,008 12,567.00 653.00 36,000
Edwards Lifesciences Corporation EW 47,325 5,363.80 1,458.80 14,650
Becton Dickinson And Company BDX 69,075 18,870.00 1,779.00 72,000
Johnson and Johnson JNJ 468,216 95,245.00 19,139.00 132,200
Stryker Corp SYK 86,653 17,948.00 2,457.00 43,000
Abbott Laboratories ABT 185,113 45,030.00 7,889.00 107,000
Danaher Corporation DHR 190,743 31,250.00 6,765.00 60,000
Patterson Companies Inc. PDCO 2,712 6,407.79 192.17 7,000
General Electric Company GE 97,008 75,140.00 -5,787.00 174,000
Intuitive Surgical Inc ISRG 93,261 6,117.90 1,390.40 8,081
Mckesson Corporation MCK 55,048 272,027.00 2,220.00 80,000
Osi Systems inc OSIS 1,524 1,172.05 107.53 0
Roper Technologies Inc ROP 45,317 5,386.50 2,904.10 16,460
SUBTOTAL 1,507,938.59 623,595.04 46,392.00 840,391
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