Home  »  Expert Review   »  How Medtronic plc (MDT)’s stock still has en...

How Medtronic plc (MDT)’s stock still has endless sunny days ahead

Last year, FDA approved Medtronic plc (MDT)’s innovative pacemaker. It believes the new solution will become a vital growth force soon.

Among the pacemaker market leaders for several years now, Medtronic is one of the most prominent companies on the market. Despite having a successful program to date, in early 2020, this company won the approval to sell the Micra AV, the world’s smallest Atrioventricular Synchronized Pacemaker. Patients with AV block usually find the AV device beneficial, because it improves the coordination between the atrium and the ventricle. The device received regulatory approval from the European Union in 2020, and in December that same year, the device was tested in Canada.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report


Micra AV pacemakers can be readily adopted by many patients. Patients who are newly diagnosed and those who need pacemakers replaced due to resource exhaustion are the subjects of our discussion. Batteries in conventional devices typically last between five and fifteen years and require surgery to replace them. Besides having a battery, the Micra also has a removable battery, which makes it easier for patients to replace a device.

Advances in medicine and life expectancy are making pacemakers a necessity in almost every part of the world. The installation of pacemakers has saved hundreds of thousands of lives and improved the quality of life for millions of patients. In 2016, there were 1.14 million pacemakers in use worldwide, according to Statista. More than 25 % of these dollars will be generated by the year 2023. The pacemaker market is expected to grow at an annual rate of 4.3% to $7.5 billion through 2027.

Competitive pressures are at risk for Medtronic because major medical device manufacturers such as EBR Systems, Abbott Laboratories, and Boston Scientific are also developing innovative pacemaker options. Although Medtronic thinks that its leadership is solid at this stage, it provided specific information about Micra sales: sales rose 64 % globally, and 76 % domestically. Based on the estimated 15 to 55 % growth in pacemaker sales for the Micra AV, Medtronic anticipates sales of the device to grow.

Medtronic plc (MDT) is trading at around $125.91, meaning its value has shot up 43.6% since its 52-week low. Intraday trading for MDT stock has produced highs of $126.83 and lows of $125.075. Shares of the MDT stock have touched highs of $126.14 and lows of $87.68 over the last 52 weeks, with a recent intraday change of 0.05%.

Leave a Comment

Your email address will not be published. Required fields are marked *

More Posts

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Receive Best Stock To Trade Before The Opening Bell



100% Free. Stop Anytime. No Spam




The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.