Abbot Laboratories is an international pharmaceutical company headquartered in Chicago, Illinois. As of 2013, Abbott Laboratories was split into two companies: Abbot (medical products) and AbbVie (research-based pharmaceuticals). In 2021, the medical device segment was the largest segment within the company and generated 14.3 billion U.S. dollars in revenues. Abbot’s diagnostics segment also generated a significant amount for the company with 15.6 billion U.S. dollars in revenue during that year.
Abbott’s company profile
Abbott Laboratories was founded in 1888 in Chicago, where the company has remained since. The company operates in around 160 countries globally, covering therapeutic areas such as diabetes, diagnostics, nutrition and cardiovascular disease. The number of employees at Abbot Laboratories (Abbot and AbbVie) has increased over the last several years. The revenues of Abbott declined around the time the company was split in 2013 but has increased significantly in recent years.
Abbott’s global positioning
Abbot Laboratories is among the top global health companies in many regards. Abbot has been ranked 6th among other biopharmaceutical companies worldwide based on market capitalization. In the meantime, AbbVie, Abbott Laboratories’ spun-off company, was ranked 7th among the top global pharmaceutical companies based on prescription sales.
Abbott Laboratories' segment revenues from 2017 to 2021
(in million U.S. dollars)
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Abbott Laboratories. (February 18, 2022). Abbott Laboratories' segment revenues from 2017 to 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved August 18, 2022, from https://www.statista.com/statistics/266578/abbotts-revenue-by-segment/
Abbott Laboratories. "Abbott Laboratories' segment revenues from 2017 to 2021 (in million U.S. dollars)." Chart. February 18, 2022. Statista. Accessed August 18, 2022. https://www.statista.com/statistics/266578/abbotts-revenue-by-segment/
Abbott Laboratories. (2022). Abbott Laboratories' segment revenues from 2017 to 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 18, 2022. https://www.statista.com/statistics/266578/abbotts-revenue-by-segment/
Abbott Laboratories. "Abbott Laboratories' Segment Revenues from 2017 to 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 18 Feb 2022, https://www.statista.com/statistics/266578/abbotts-revenue-by-segment/
Abbott Laboratories, Abbott Laboratories' segment revenues from 2017 to 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/266578/abbotts-revenue-by-segment/ (last visited August 18, 2022)