Medtronic’s Strong Fiscal Year Close Points Toward Market Recovery

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Medtronic reported FY 4Q21 orthopedic revenue of USD $780.8 million, +44.7% vs. FY 4Q20, with full-year FY 2021 revenue of $2,979.7 million, +3.3% vs. 2020. The company estimates that it took share in its Cranial and Spine division while continuing to outsell Globus Medical in robotics. Medtronic said its strategy of surrounding the procedure...

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Mike Evers is a Senior Market Analyst and writer with over 15 years of experience in the medical industry, spanning cardiac rhythm management, ER coding and billing, and orthopedics. He joined ORTHOWORLD in 2018, where he provides market analysis and editorial coverage.

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