It has been several years since Medtronic has not topped the annual Medtech 100 ranking of global medical device, diagnostic and digital health companies by revenues. But that was the outcome after the latest fiscal year-end reports were filed.
Both Medtronic and Abbott exceeded $31.2bn in revenues, with Abbott shading the contest by $40m after Medtronic reported a 1.4% decrease in 2022-23 (FY2023) revenues