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HiSea-HH's Blog

🧬 Abbott Laboratories: 135+ Years of Innovation in Global Healthcare​ 본문

Company

🧬 Abbott Laboratories: 135+ Years of Innovation in Global Healthcare​

HiSea-HH 2025. 4. 24. 23:34

Abbott Laboratories is a global healthcare leader with a legacy of pioneering medical advancements. From its origins in 1888 to its current status as a diversified healthcare innovator, Abbott continues to shape the future of health worldwide.​


🏛️ Company History

Founded in 1888 by Dr. Wallace C. Abbott in Chicago, Abbott Laboratories began by producing scientifically formulated medications. Over the decades, the company expanded its portfolio and global presence, becoming a trusted name in medical devices, diagnostics, nutrition, and branded generic medicines. abbott.com


💰 Revenue Model

Abbott's diversified revenue streams encompass:​

  • Medical Devices: Including cardiovascular, diabetes care, and neuromodulation products.
  • Diagnostics: Offering laboratory and rapid diagnostic testing solutions.PitchGrade+1abbott.com+1
  • Nutritionals: Providing science-based nutrition products for infants, children, and adults.
  • Established Pharmaceuticals: Supplying branded generic medicines in emerging markets.Wikipedia

This multifaceted approach ensures a stable and recurring revenue base, bolstered by long-term contracts and high client retention.​


📊 Revenue Portfolio

In 2024, Abbott reported total sales of $42.0 billion, with organic sales growth of 9.6% for its base business. abbottinvestor.com

Segment Highlights:

  • Medical Devices: Approximately 36% of total revenue, driven by products like FreeStyle Libre. Trefis
  • Diagnostics: Significant growth, particularly in rapid testing solutions.​
  • Nutritionals: Strong performance with products like Ensure and Similac.​
  • Established Pharmaceuticals: Steady contributions from branded generics in emerging markets.​

Abbott's diversified portfolio ensures stability and positions the company for sustained growth.​


🚀 Growth Strategy

Abbott's growth strategy focuses on:​

  • Innovation: Investing in R&D to develop cutting-edge medical technologies.​
  • Global Expansion: Strengthening presence in emerging markets to meet rising healthcare demands.​
  • Digital Health: Advancing digital solutions for personalized healthcare experiences.​
  • Sustainability: Implementing environmentally responsible practices across operations.​

These strategic initiatives position Abbott to navigate the evolving healthcare landscape effectively.​


🌐 Official Website

For more information about Abbott Laboratories, visit their official website: https://www.abbott.com