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Brain Therapies Leads Medtronic’s Growth In First Quarter Of Fiscal 2020

 
• By Reed Miller

The medtech giant reported revenue of $7.5bn in the quarter that ended on 26 July, up 3.5% year-over-year basis, led by 12.5% growth in revenues from emerging markets. Medtronic’s fastest-growing business is its brain therapies unit, which reported 11.4% growth in the quarter.

Medtronic
• Source: shutterstock.com

Medtronic PLC’s Brain Therapies business, which includes neurovascular and neurosurgery devices, was by far the company’s fastest-growing unit in the first quarter of fiscal 2020. First-quarter revenues for the business were $740m, up 11.4% on a year-over-year, constant currency basis.

“Our brain business continues to deliver exceptional results,” Medtronic CEO Omar Ishrak said during the

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