Aug 20 (Reuters) - Medtronic ( MDT ) slightly lifted the

lower end of its annual profit forecast on Tuesday, banking on

sustained demand for its medical devices and growth from its new

launches.

Medical device makers have been benefiting from elevated

demand for non-urgent surgeries over the past few quarters, as

more patients opt for procedures deferred during the pandemic.

The company raised the lower end of its 2025 adjusted profit

forecast to $5.42 per share from $5.40 earlier, keeping the

upper end at $5.50.

Analysts on average were expecting profit of $5.44 for 2025,

according to LSEG data.

Medtronic ( MDT ) posted adjusted profit of $1.23 per share for the

first quarter, beating estimates of $1.20.

(Reporting by Sriparna Roy and Puyaan Singh in Bengaluru;

Editing by Sriraj Kalluvila and Devika Syamnath)