Area: Medical devices
Products You Might Know: Revel insulin pump, Micra pacemaker, Sophono hearing device
Brief history: Medtronic began as a medical supply repair shop in the US in 1949, and their first commercial product was a battery powered, wearable pacemaker. From then on, they have focused on technology as a means of improving treatment. Today, there is a focus on using that technology to improve treatment and management of chronic conditions specifically – Medtronic claim that “every 3 seconds, another life is improved by a Medtronic product or therapy”. In 2014, Medtronic bought Irish company Covidien to further expand their scope. Globally, Medtronic employ over 85,000 people in over 160 countries.
Medtronic in Singapore: In 2009, Medtronic opened a cardiac device manufacturing facility – the first in Asia. In 2011 Medtronic opened an additional manufacturing site. This also initially served as regional headquarters for the company. In 2016, the regional headquarter activities, moved to their newly opened offices at the Mapletree Business Centre.