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CLAIM #40400 · Medtronic PLC (MDT) · 2024Q2 earnings call · Dec 8, 2023 · due Dec 8, 2026

Now, over the coming years, we expect this business to be a very meaningful growth driver for Medtronic.

Geoff Martha · CEO

PENDING
graded after results covering Dec 8, 2026 are reported

How to check this claim

Look at: Cardiac ablation solutions segment revenue growth rate (organic/reported, as disclosed in segment reporting)

It came true if: Cardiac ablation solutions segment growth rate exceeds Medtronic's total company average revenue growth rate in at least one of the fiscal years through FY2026

Where: Medtronic quarterly earnings releases and 10-K segment revenue disclosures

In context

haring Cross Symposium earlier this year. Our coronary business grew 6% as we gained share in international markets on the continued rollout of our Onyx Frontier drug-eluting stent. Cardiac surgery grew 9% driven by strength in perfusion and cannula, as well as the Nautilus ECMO Oxygenator. Our endoscopy business grew 13%, driven by continued adoption of GI Genius. GI Genius uses the power of artificial intelligence to detect polyps in real time during a colonoscopy, integrating seamlessly into a GI doc's existing workflow. GI Genius results in a 50% reduction in mispolyps versus a standard colonoscopy, which plays an important role in the prevention of colon cancer. Turning to businesses in our highest growth markets, cardiac ablation solutions grew 6% on strong market procedural growth. Now, over the coming years, we expect this business to be a very meaningful growth driver for Medtronic. We are leading the way in bringing pulse field ablation catheters to market in both the focal and single shot segments. In focal PFA, we continue to ramp manufacturing of the Sphere 9 catheter and remain in limited market release in Europe. Sphere 9 can perform both PFA and RF ablation and drives high density mapping all from the same catheter. And it integrates seamlessly with our differentiated Affera mapping system. In the U.S., we expect to complete the 12-month follow-up in the pivotal trial for Sphere 9 in the coming weeks, and then we'll prepare for FDA submission. In Single Shot PFA, we just received CE Mark for our PulseSelect catheter, and it will be commercially available early next calendar year. We are now the only company with approved catheters for both Single Shot and foca

Verify independently

SEC filings for MDT · Claim quote is verbatim from the 2024Q2 earnings call.