uploads///MITG

How Medtronic’s Minimally Invasive Therapies Group Has Performed

By

Dec. 13 2018, Updated 10:30 a.m. ET

Minimally Invasive Therapies Group revenue trends

Medtronic’s (MDT) Minimally Invasive Therapies Group (or MITG) consists of the Surgical Innovations (or SI), and Respiratory, Gastrointestinal & Renal (or RGR) segments.

Medtronic’s MITG segment generated revenues of $4.1 billion in the first half of fiscal 2019 compared to $4.4 billion in the first half of fiscal 2018, reflecting an ~8% YoY decline.

The MITG segment reported net revenues of $2.05 billion in the second quarter of fiscal 2019 compared to $1.95 billion in the second quarter of fiscal 2018, reflecting ~5% YoY growth.

In the US market, the MITG segment generated revenues of $2.65 billion over the first half of the second quarter of 2019 compared to $2.48 billion in the same period the prior year, reflecting ~7% YoY growth.

In the non-US developed region and emerging markets, the MITG segment’s revenues over the first half of fiscal 2019 amounted to $840.0 million and $451.0 million, respectively, compared to $788.0 million and $405.0 million in the same period the prior year, reflecting ~7% and ~11% YoY growth.

Article continues below advertisement

Surgical Innovations revenue trends

Medtronic’s (MDT) Surgical Innovations (or SI) segment generated revenues of $2.8 billion in the first half of 2019 compared to $2.7 billion in the same period the prior year, reflecting ~2% YoY growth. The SI segment reported revenues of $1.4 billion in the second quarter of fiscal 2019 compared to $1.3 billion in the second quarter of fiscal 2018, reflecting ~4% YoY growth.

Respiratory, Gastrointestinal & Renal segment revenue trends

Medtronic’s RGR segment generated revenues of $1.3 billion in the first half of fiscal 2019 compared to $1.7 billion in the first half of fiscal 2018, reflecting a ~23% YoY decline. The RGR segment generated revenues of $654.0 million in the second quarter of fiscal 2019 compared to $618.0 million in the second quarter of fiscal 2018, reflecting ~6% YoY growth.

Advertisement

More From Market Realist

  • Michelob Ultra beer
    Company & Industry Overviews
    AB InBev Is the Top Beer Brand Worldwide—Is It a Monopoly?
  • Businesswoman looking out a window
    Company & Industry Overviews
    Shifting Focus: Three Women Investing Funds in 2021
  • Aol logo on office building,
    Company & Industry Overviews
    What We Know About Apollo Global Management, New Owners of AOL and Yahoo
  • Chick-fil-A sign
    Company & Industry Overviews
    Why It Only Costs $10K to Own a Chick-fil-A Location
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.