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Transcript of Medtronic
Medicare/Medicaid Health Care Reform Roughly 32 million uninsured Americans will now be insured
More competitive private health insurance market
Taxing on pharmaceutical and medical devices products
How will this affect Medtronic's business model? Products Paradigm Real-Time Glucose Sensor Sensor inserted under the skin for 24/7 monitoring of glucose levels.
Diabetes affects 7.8% of the US population with 1.6 million new cases each year.
Pack of 10 sensors… $350 Advisa Pacemaker Available in EU but still seeking FDA approval1st MRI-compatible pacemakerAbout 300,000 pacemakers are installed each year. $20,000 Interstim for Overactive Bladder Implanted device uses electrical stimulation to control the bladder.OAB affects over 17 million men and women of all ages. $10,000 $30,000 Medtronic's Purpose to Society Medical technology: Research, Design, Manufacture, Sales
Restore patient’s health
Improve healthcare system
Expertise of employees to develop better treatments
Benefit subsidiary industries: research, manufacturing
Medtronic Foundation – giving back to community Duke Wins!
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