๐๐ง๐ฉ๐๐๐ค๐ข๐ง๐ ๐๐๐๐จ๐ญ๐ญโ๐ฌ ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ญ๐ซ๐๐๐ฆ๐ฌ
Historically, Abbott reported its revenue under two main categories, namely:
1- Diversified Medical Products,
2- Research-based Pharmaceutical Companies.
A significant milestone occurred in 2013, when Abbott split into two independent companies:
- Abbott (focusing on medical devices, diagnostics, and nutrition),
- AbbVie (concentrating on pharmaceuticals).
Since the split, Abbott and AbbVie have both thrived in their respective arenas, benefiting from a more focused strategy.
Today, under CEO Robert Fordโs leadership, Abbott generates roughly $42 billion in annual revenue, distributed across its four key segments:
1- Medical Devices (45%),
2- Diagnostics (22%),
3- Nutritional Products (20%),
4- Pharmaceutical Products (12%).
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Under Lisa Earnhardtโs leadership, Abbottโs Medical Devices, the companyโs largest segment, generates approximately $19 billion in annual revenue, with the following breakdown:
- Diabetes Care (36%),
- Vascular (15%),
- Electrophysiology (13%),
- Rhythm Management (13%),
- Structural Heart (12%),
- Heart Failure (7%),
- Neuromodulation (5%).
Under Lou Morroneโs leadership, Abbottโs Diagnostics, the companyโs 2nd largest segment, generates $9.3B in annual revenue, with the following breakdown:
- Core Laboratory (56%),
- Rapid Diagnostics (32%),
- Point of Care (6%),
- Molecular (5%).
Nutritional products under Daniel Salvadoriโs leadership generate $8.4B in annual revenue, with the following breakdown:
- Adult Nutritionals (52%),
- Pediatric Nutritionals (48%).
And Pharmaceutical products generate $5.2B in annual revenue, with the following breakdown:
- Key Emerging Markets (74%),
- Other (36%).
Today, Abbott stands as the worldโs most valuable medical device company, with a market capitalization exceeding $200 billion and a global workforce of more than 110,000.
Views are my own. Content is all public data intended for educational purposes, not financial advice. I encourage readers to do their research. Visualization is done with PlotSet.
