Abbott Laboratories is a multinational medical device and healthcare company headquartered in Abbott Park, Illinois. Founded in 1888, Abbott develops, manufactures, and sells a diverse range of healthcare products, including medical devices, diagnostic systems, established pharmaceuticals, and nutritional products, aiming to improve health through life-changing technology.
Core Business Segments
Abbott operates through key segments: diagnostics, medical devices, and nutritionals. The diagnostics division offers laboratory and point-of-care solutions for immunoassay, clinical chemistry, and molecular diagnostics, crucial for disease detection. Its medical device portfolio includes products for cardiovascular care, neuromodulation, and diabetes care, notably the FreeStyle Libre continuous glucose monitoring system, providing innovative solutions for chronic conditions.
Global Impact and Innovation
The company is known for its commitment to research and development, consistently introducing groundbreaking technologies globally. Abbott's products are sold in over 160 countries, significantly impacting public health. Its rapid diagnostic tests have been vital in global health responses, and advanced medical devices continue to improve patient outcomes. Abbott's dedication to science and technology aims to enhance quality of life across diverse healthcare settings.
