e. geismar - presentation
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8/8/2019 E. Geismar - Presentation
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History and
Background
MedtronicToday
MedtronicDiabetes
A Great Company
to Work For
MedtronicDiabetes
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History and BackgroundMedtronic Mission
History and BackgroundMedtronic Mission
To contribute to human welfare by
application of biomedicalengineering in the research, design,
manufacture and sale of instruments
or appliances that alleviate pain,
restore health and extend life.
To contribute to human welfare by
application of biomedicalengineering in the research, design,
manufacture and sale of instruments
or appliances that alleviate pain,
restore health and extend life.
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Founded in 1949 as amedical equipmentservice company
Founded in 1949 as amedical equipmentservice company
History and BackgroundHistory
History and BackgroundHistory
First external wearablepacemaker
First external wearablepacemaker
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Our Revenue Base Has Grown &Diversified
Our Revenue Base Has Grown &Diversified
FY07
CardiacSurgery
Spine
Vascular
$2.2 Billion
PacingCardiacSurgery
Neuro
ICDs
$12.3 Billion
Neuro
Vascular
Other
Pacing
ICDs
ENT
Diabetes
Physio
FY96
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Medtronic TodayCommitted to Innovation - Research and Development
Medtronic TodayCommitted to Innovation - Research and Development
US $1.1 billion in FY06
10% of sales
US $1.1 billion in FY06
10% of sales
Two-thirds of ourrevenues are from
productsintroduced in thelast two years
Two-thirds of ourrevenues are from
productsintroduced in thelast two years
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Medtronic TodayCommitted to Innovation
Medtronic TodayCommitted to Innovation
Enhanced communication throughthe Medtronic CareLink NetworkEnhanced communication throughthe Medtronic CareLink Network
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USA
Medtronic TodayGlobal Reach
Medtronic TodayGlobal Reach
CanadaEurope
LatinAmerica
Middle East/Africa/India
Eastern EuropeCentral Asia
International Western Europe Canada
Emerging Markets Latin America Eastern Europe Middle East/Africa/India
Asia Pacific
Asia-Pacific Japan
Australia China ASEAN Korea
37,000 Employees
120 Countries
270 Locations
44 Manufacturing Sites
25 R&D Centers
23 Training Facilities
37,000 Employees
120 Countries
270 Locations
44 Manufacturing Sites
25 R&D Centers
23 Training Facilities
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A Great Company to Work ForA Great Company to Work For
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Named one of FORTUNE Magazines 100 Best Places toWork in America six out of the last seven years
Named one of FORTUNE Magazines 100 Best Places toWork in America six out of the last seven years
Included in Money Magazines list of beststocks with best 30 year returns
Named to Fortune's annual list ofAmericas Most Admired Companies andranked #1 in our industry sector 6 years ina row 1998-2004
Named to FORBES A List, whichrecognizes the worlds 400 best bigcompanies
Ranked #53 on Business Ethics annual listof the nations 100 best corporate citizens
Named among Americas top 10 corporatedonors, as a percentage of annual revenue,by Business Week magazine
Received Popular Science Magazines Bestof Whats New award for our Paradigmintelligent insulin pump system
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A Great Companyto Work ForA Great Companyto Work For
MedtronicToday
Medtronic Diabetes
History andBackground
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Medtronic DiabetesDiabetes
Medtronic DiabetesDiabetes
Definition: Pancreas does not produce insulin Insulin TreatmentMultiple Daily Injections 3+ injections per day
Pump Therapy
Type 1 Diabetes
Definition: A condition in which the body fails toproperly use insulin
Treatment Diet Oral Medications Exercise
Type 2 Diabetes
Definition: When a pregnant woman develops diabetes Treatment Insulin
Gestational
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Diabetes PrevalenceWorldwide
Diabetes PrevalenceWorldwide
Worldwide = +230Million Affected
Anticipate 370 millionby 2030
Worldwide = +230Million Affected
Anticipate 370 millionby 2030
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Diabetes PrevalenceUSA
Diabetes PrevalenceUSA
5th leading cause of deathin the US
More deaths than AIDSand breast cancer
combined
Average life expectancywith uncontrolled diabetescan be reduced by 15
years
21 Million(7% of the population)
Type 2 Diabetes
19 million Americans
Type 1 Diabetes
2 million Americans
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Medtronic DiabetesDiabetes
Medtronic DiabetesDiabetes
A division of Medtronic, Inc: $700M+ Sales
World leader in insulin pump therapy andcontinuous glucose monitoring
Diabetes management technology has been oursole pursuit for more than 20 years
Investing more than 10% of annual revenue inR&D
Medtronic Diabetes is on track to introducetechnology that works like an artificial pancreas
Note: Medtronic Acquired MiniMed Aug 2001 for
$3.8 Billion
A division of Medtronic, Inc: $700M+ Sales
World leader in insulin pump therapy andcontinuous glucose monitoring
Diabetes management technology has been oursole pursuit for more than 20 years
Investing more than 10% of annual revenue inR&D
Medtronic Diabetes is on track to introducetechnology that works like an artificial pancreas
Note: Medtronic Acquired MiniMed Aug 2001 for
$3.8 Billion
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Medtronic Diabetes recentlyintroduced the Worlds ONLYInsulin Pump that containsREAL TIME blood sugarreadings
Medtronic Diabetes recentlyintroduced the Worlds ONLYInsulin Pump that containsREAL TIME blood sugarreadings
Medtronic DiabetesSummary
Medtronic DiabetesSummary
More physicians prescribeour brand of insulin pumpsthan all others combined
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Challenges Facing Medtronic DiabetesChallenges Facing Medtronic Diabetes
Creating a physician compatible businessmodel
Creating evidence based medicineRetain technological superiority
Creating a physician compatible businessmodel
Creating evidence based medicineRetain technological superiority
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Addressing Medtronic Diabetes ChallengesThrough the Workforce
Addressing Medtronic Diabetes ChallengesThrough the Workforce
Need individuals strong in math and science
Convergence
Economics
Technology
Need individuals strong in math and science
Convergence
Economics
Technology
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Tools To Address Workforce SolutionsTools To Address Workforce Solutions
Internships
Summer Internship Program
Educational Partnerships
Research Projects
Scholarship Endowments
Community Outreach
Seminars
Internships
Summer Internship Program
Educational Partnerships
Research Projects
Scholarship Endowments
Community Outreach
Seminars
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