and over 1Mio. Get full access to all features within our Corporate Solutions. Abbotts total sales grew from $20.2 billion in 2014 to $30.6 billion in 2018. This can primarily be attributed to the Alere acquisition, which will further strengthen Abbotts share in the diagnostics business. The Medical Devices business was responsible for the remaining $12.25 billion in revenue, reaching double-digit growth with 10.5 percent. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. FREESTYLE LIBRE 19 ABBOTT 2016 ANNUAL REPORT Changing the Testing Paradigm for People with Diabetes dollars)." Even though Abbott's Core Laboratory Diagnostics showed a decline of 6.8% in sales, which is significant as this sector holds 60% of the total diagnostics revenue for the company, Abbott's strong presence in diabetes and glucose monitoring products is expected to have a positive impact and protect the company from further revenue slide. Expect Revenues To Grow In Mid-Single-Digits. Looking at a longer time frame, Abbott's sales grew at an average growth rate of 12.4% to $43.1 billion in 2021, compared. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. September 8, 2022 By Chris Newmarker Medtronic, Johnson & Johnson MedTech and Siemens Healthineers top the Big 100 list of largest medical. What are the largest medical device companies? Profit from the additional features of your individual account. A paid subscription is required for full access. These medical devices are used primarily by various healthcare institutions in several countries. The company generated $11 billion in sales in the United States, accounting for over one-third of. Although they are second, Medtronic's market share is more than 2.5 times' Abbott's. Abbott (NYSE: ABT) generates its revenue from sales of medical devices across the globe. GLOBAL PRESENCE Abbott is one of the most global healthcare companies in the world with 70 percent of revenue generated in markets outside of the United States and 50 percent of revenue generated in faster-growing geographies where healthcare spending is outpacing the growth of gross domestic product (GDP). This statistic highlights Abbott Laboratories' Revenue Breakdown, split across Diagnostics, Established pharmaceutical products, Medical devices, and Nutritionals, reported on a quarterly basis from Q1 2016 onwards. As soon as this statistic is updated, you will immediately be notified via e-mail. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal, Show sources information Abbotts sales in the United States are much lower than that of Medtronic and Boston Scientific. Complete, balanced nutrition and delicious flavors for kids on the go. (February 18, 2022). It specializes in cardiovascular, diagnostics, diabetes and neuromodulation products. You need a Statista Account for unlimited access. Abbott Laboratories. Our 113,000 colleagues are helping millions of people to Who Are Abbotts Key Competitors?Abbott competes with other medical devices companies, such as Medtronic, Johnson & Johnson, Boston Scientific, and Intuitive Surgical, among others. "Abbott Laboratories' segment revenues from 2017 to 2021 (in million U.S. as noted on that site. Please do not hesitate to contact me. statistic alerts) please log in with your personal account. In established pharmaceuticals business, it competes with Pfizer, and GlaxoSmithKline, among others. Mar 17, 2022. This statistic shows Abbott Laboratories' revenue of the Nutritionals segment from 2018 to 2021, broken down by category. February 18, 2022. If you are an admin, please authenticate by logging in again. In that year, Medtronic had the largest revenue at over 30 billion U.S. dollars, followed by. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q2 2022, Research expert covering health & pharmaceuticals in the UK & Europe, Profit from additional features with an Employee Account. You need at least a Starter Account to use this feature. Abbott's total revenue grew from $20.4 billion in 2015 to $31.9 billion in 2019. - Abbott's Talisman system seals an opening in the heart known as a "patent foramen ovale" (PFO) to prevent blood clots from passing from the right to the left side of the heart and on to the brain, where they can . Accessed November 08, 2022. https://www.statista.com/statistics/266578/abbotts-revenue-by-segment/, Abbott Laboratories. Corporate solution including all features. As a Premium user you get access to the detailed source references and background information about this statistic. As soon as this statistic is updated, you will immediately be notified via e-mail. As a Premium user you get access to the detailed source references and background information about this statistic. Medical Devices is the largest segment, and accounts for more than one-third of the companys total revenues and profits. We forecast mid-single-digits growth in revenues in the coming years, primarily led by its expansion in emerging markets. In terms of revenue, the global top four players hold a share over % in 2021. . Still, Abbott's revenue growth of 24% is higher than 19% for Stryker. Abbott Laboratories' segment revenues from 2017 to 2021 (in million U.S. dollars) [Graph]. Medicare utilizes revenue codes for cost reporting purposes. Therefore, from 2013 on only the medical products business is included. Exploreexample interactive dashboardsand create your own. Medical, Abbott further strengthened our presence in this segment, creating a global leader in medical devices. We also compare the United States as a market for Abbott with that for other large medical devices companies. Abbott (NYSE: ABT) generates its revenue from sales of medical devices across the globe. and over 1Mio. Abbott Labs (NYSE:ABT) generates its revenues from Medical Devices, Nutritionals, Diagnostics, and Generic Pharmaceuticals business. However, the pharmaceutical industry is characterized by intense competition globally, as many companies compete for the same consumer base. Abbotts sales growth in 2017 can be attributed to the St. Jude acquisition. Apart from electrophysiology, structural heart continues to benefit from higher MitraClip sales. Industry-specific and extensively researched technical data (partially from exclusive partnerships). Then you can access your favorite statistics via the star in the header. Aug 29, 2022 This statistic shows the revenue of the leading medical technology companies in 2021. Currently, you are using a shared account. Abbott's revenues grew from $20.2 billion in 2014 to $27.4 billion in 2017, reflecting the impact of the St. Jude acquisition. Learn more about how Statista can support your business. Medtronics sales in the United States grew from $12.1 billion to $16.2 billion between fiscal 2014 and fiscal 2018. Accessed November 08, 2022. https://www.statista.com/statistics/266576/revenue-of-abbott-since-2004/, Abbott Laboratories. Chart. ", 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 November 08, 2022), Abbott Laboratories' segment revenues from 2017 to 2021, Total medtech revenue worldwide 2011-2024, Medical technology devices - top companies based on revenue 2021, Predicted top medical technology companies by revenue 2028, Global top companies by medical technology R&D spending 2021 and 2028, Abbott Laboratories' net earnings 2006-2021, Abbott's expenditure on research and development 2004-2021, Abbott's Nutritional segment revenue by category 2018-2021, Abbott's Diagnostics segment revenue by category 2018-2021, Abbott's Medical Devices segment revenue by category 2021, Abbott Laboratories' revenue by country 2017-2021, Global medical technology top companies by market share 2021 and 2028, Johnson & Johnson's total sales 2005-2021, Abbott's total operating expenses 2014-2021, Abbott Laboratories' U.S. revenue 2006-2021, Veterinary reference laboratories market size U.S. by animal type 2015-2025, Value of surgical appliance and supplies manufacturing shipments 1998-2011, Value of surgical and medical instrument manufacturing shipments 1998-2011, Poultry diagnostics market size U.S. by test type 2015-2025, Global veterinary diagnostics market size 2023 forecast, Veterinary vaccines market share worldwide in 2016, by technology, Heska point of care laboratory revenue 2017-2019, by product type, Value of dental equipment and supplies manufacturing shipments 1998-2011, Global subcutaneous biologics market size 2014-2025, Global subcutaneous biologics market growth rate 2014-2025, IVF devices and consumables market size worldwide 2019-2030, Global smart pills market value 2014 and 2024, Mobile C-arm market share worldwide 2014-2026, by end user, Electrocardiograph (ECG) market size worldwide 2019-2030, Abbott Laboratories' segment revenues from 2017 to 2021 (in million U.S. dollars), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. For Medicare, revenue codes must be included for each service on a CMS 1450 (UB-04) claim form. This statistic is not included in your account. RELEVANCE The Diabetes Care, Structural Heart, Electrophysiology, and Heart Failure portfolios' double-digit revenue expansions were the main drivers for Abbott's success last year. Abbott's life-changing technology helps people live fully and offers information, medicines and breakthroughs to help you manage your health. February 18, 2022. Billboard From The Abbott Company At Weesp The, primarily led by electrophysiology, and neuromodulation business. Abbott Announces European Launch of Amplatzer Talisman System to Close Hole in Heart for People at Risk of Recurrent Stroke. Show publisher information With this acquisition Abbott has added the tests for heart attacks, influenza, and drug abuse to its suite of diagnostic products. Dollars). We expect the division's revenue to grow in. In fact, MitraClip was recently approved by the U.S. FDA for the treatment of heart failure in patients with clinically significant secondary mitral regurgitation. Directly accessible data for 170 industries from 50 countries Abbott Laboratories is focused on the discovery, development, and production of a wide range of healthcare products. The segment revenues have grown from $4.8 billion in 2016 to $7.5 billion in 2018, primarily reflecting the impact of the Alere acquisition. The segment revenues have grown from $3.9 billion in 2016 to $4.4 billion in 2018. Abbott and Boston Scientific are both engaged primarily in the Medical Devices business. Statista. Corporate solution including all features. See How its Powering New Collaboration and What-Ifs, For CFOs and Finance Teams | Product, R&D, and Marketing Teams. We have created an interactive dashboard ~ What Are Abbotts Key Sources of Revenue. Looking forward, the sales growth is expected to slow, given the year-over-year impact of acquisitions. Abbott Laboratories revenue for the twelve months ending September 30, 2022 was $45.030B, a 6.43% increase year-over-year. Profit from the additional features of your individual account. Sign with logo on facade of pharmaceutical company, Abbott in the Silicon Valley, Santa Clara, California, August 17, 2017. Apart from electrophysiology, structural heart continues to benefit from higher MitraClip sales. Profit from the additional features of your individual account. We dont expect any significant growth in this segment, given the nutritional industry is highly fragmented, and large pharmaceutical companies and packaged food and beverage companies compete for the same consumer base. Abbot was a . Boston Scientific Corp (US) 2019 Revenue: $10.73 billion. Currently, you are using a shared account. Show publisher information Directly accessible data for 170 industries from 50 countries The ideal entry-level account for individual users. Chart. Abbott Laboratories' revenue from 2004 to 2021 (in billion U.S. dollars) [Graph]. This figure has been on a rise and it grew from 30% to 35% between 2014 and 2018. The segment revenues grew from $5.3 billion in 2016 to $11.4 billion in 2018, primarily reflecting the impact of the St. Jude acquisition. (February 18, 2022). Abbott's revenues grew from $20.2 billion in 2014 to $30.6 billion in 2018. The ideal entry-level account for individual users. Abbott Laboratories annual revenue for 2020 was $34.608B, a 8.48% increase from 2019. We forecast the revenues to grow in high single-digits in 2019, and in mid-single-digits thereafter, primarily led by electrophysiology, and neuromodulation business. Register in seconds and access exclusive features. medical need, and treat conditions to help you get back to doing what you love. Industry-specific and extensively researched technical data (partially from exclusive partnerships). Electrophysiology refers to a test performed to assess the hearts activity and is used to diagnose arrhythmia. Also, heres more Healthcare Data. Register in seconds and access exclusive features. statistic alerts) please log in with your personal account. 1,2 . Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook You only have access to basic statistics. Abbotts sales in the United States grew from $6.1 billion in 2014 to $10.8 billion in 2018. In 2021, the International Pediatric Nutritionals segment . Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q2 2022, Research expert covering health & pharmaceuticals in the UK & Europe, Profit from additional features with an Employee Account. Then you can access your favorite statistics via the star in the header. In fact, MitraClip was recently. Players, stakeholders, and other participants in the global Active Implantable Medical Devices market will be able to gain the upper hand as they use the report as a powerful resource. Look at our analysis on . Directly accessible data for 170 industries from 50 countries Show publisher information As a Premium user you get access to background information and details about the release of this statistic. Abbott is a public healthcare company focused on the development- manufacturing- and commercialization of diagnostics- medical devices- nutritional and branded generic pharmaceuticals. 13. You can only download this statistic as a Premium user. In 2021, Abbott reported 43 billion U.S. dollars of revenue. In 2021, the medical device segment was the largest segment within the company and generated 14.3 billion U.S. dollars in revenues. Abbott Laboratories' Medical Devices segment revenue from 2018 to 2021, by category (in million U.S. dollars) [Graph]. This statistic shows Abbott Laboratories' revenue of the Medical Devices segment from 2018 to 2021, broken down by category. To use individual functions (e.g., mark statistics as favourites, set Further, there is also a challenge from local label brands. An assay is a quantitative or qualitative test of a drug to determine its components. Then you can access your favorite statistics via the star in the header. This statistic illustrates the revenue of medical device and pharmaceutical company Abbott from 2004 to 2021. In, Abbott Laboratories. Explore example interactive dashboards and create your own. No of Employees 113,000. Dollars). See How Its Powering New Collaboration and What-Ifs ForCFOs and Finance Teams|Product, R&D, and Marketing Teams More Trefis Data Like our charts? Abbott's Medical Devices Segment Revenue (2021) This data shows Abbott Laboratories' revenue for the Medical Devices section from 2018-to 2021, broken down into categories. Abbotts revenue growth in 2018 was also higher due to the impact of the Alere acquisition. You can look at our interactive dashboard analysis on more details on Abbotts segment-wise revenues. These days, Abbott's strength in coronavirus testing has pushed diagnostics revenue through the stratosphere. We expect the divisions revenue to grow in mid-single-digits in the coming years. Nutritionally complete, amino acid-based medical food and infant formula with iron. According to Abbott Laboratories 's latest financial reports the company's current revenue (TTM) is $45.03 B . facts. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. Please create an employee account to be able to mark statistics as favorites. Are you interested in testing our corporate solutions? Its established pharmaceuticals business focuses primarily on emerging markets. Like our charts? (Photo by Smith Collection/Gado/Getty Images). Abbott Laboratories is a U.S. health care company. This statistic was assembled from several Abbott annual and financial reports. Website www.abbott.com. February 18, 2022. Abbotts electrophysiology product line primarily includes catheters, which are used to run this test. You need a Statista Account for unlimited access. You need at least a Starter Account to use this feature. With headquarters in north suburban Chicago, we serve people in more than 160 countries with leading medical devices, diagnostics, nutrition products and branded generic medicines. Chart. Abbotts Medical Devices business includes minimally invasive medical devices for heart diseases, stroke, carotid artery disease, and other vascular conditions. Who Pays To Abbott?Blood banks, hospitals, commercial laboratories, and clinics, Health care facilities, specialty pharmacies, wholesalers, distributors, and independent retailers. The company is seeing strong demand for heart mapping and ablation portfolio, while neuromodulation is seeing growth in its product line for the treatment of chronic pain and movement disorders. This compares with Boston Scientifics US sales, which grew from $3.9 billion to $5.5 billion over the same period. ABBOTT PARK, Ill., Jan. 26, 2022 /PRNewswire/ -- Abbott (NYSE: ABT) today announced financial results for the fourth quarter and full year ended Dec. 31, 2021, and issued its financial outlook for 2022. Please create an employee account to be able to mark statistics as favorites. * As of January 1, 2013, Abbott was separated into two companies: Abbott (medical products) and AbbVie (research-based pharmaceuticals). Please create an employee account to be able to mark statistics as favorites. You can only download this statistic as a Premium user. 3.2 Global Cardiovascular Medical Devices Revenue by Manufacturer (2019, 2020, 2021, and 2022) Are you interested in testing our corporate solutions? Get full access to all features within our Corporate Solutions. Abbott is the second largest company for medical device manufacturing, with only Medtronic PLC ahead. To use individual functions (e.g., mark statistics as favourites, set It split off its research-based pharmaceuticals . Abbott Laboratories. Access to this and all other statistics on 80,000 topics from, Show sources information (February 18, 2022). Nutrition for busy people who refuse to sacrifice great taste. We off er more options, more . Abbotts Diagnostics business includes systems and tests such as immunoassay, assays used for screening for drugs of abuse, cancer, therapeutic drug monitoring, fertility, physiological diseases, and infectious diseases. Below we show region-wise breakup of Abbotts revenues, its business model, and revenue trajectory. The companys Nutritionals business, which primarily includes dietary supplements, functional foods, and clinical & medical foods, hasnt seen much growth over the past few years, and the revenues have hovered around $7 billion. Fourth-quarter sales of $11.5 billion increased 7.2 percent on a reported basis and 7.7 percent on an organic basis, which excludes the impact of foreign exchange. ", Abbott Laboratories, Abbott Laboratories' Medical Devices segment revenue from 2018 to 2021, by category (in million U.S. dollars) Statista, https://www.statista.com/statistics/975527/abbott-medical-devices-revenue-by-category/ (last visited November 08, 2022), Abbott Laboratories' Medical Devices segment revenue from 2018 to 2021, by category, Available to download in PNG, PDF, XLS format, Total medtech revenue worldwide 2011-2024, Medical technology devices - top companies based on revenue 2021, Predicted top medical technology companies by revenue 2028, Global top companies by medical technology R&D spending 2021 and 2028, Abbott Laboratories' net earnings 2006-2021, Abbott's expenditure on research and development 2004-2021, Abbott's Nutritional segment revenue by category 2018-2021, Abbott's Diagnostics segment revenue by category 2018-2021, Abbott's Medical Devices segment revenue by category 2021, Abbott Laboratories' revenue by country 2017-2021, Global medical technology top companies by market share 2021 and 2028, Johnson & Johnson's total sales 2005-2021, Abbott Laboratories' U.S. revenue 2006-2021, Cardiac arrhythmia monitoring devices market size globally 2016-2026, Interventional oncology devices market size by world region 2018 and 2025, Abbott's total operating expenses 2014-2021, Cardiac arrhythmia monitoring devices revenue for laboratories globally 2016-2026, Price of heart event recording devices 2017 vs. 2026, by world region, Global interventional cardiology devices market by end user 2017 and 2027, Exports of Mexican medical device industry 2007-2016, Market share of global diabetes care devices manufacturers 2011, U.S. cardiac arrhythmia monitoring devices market change 2016-2026, Market distribution of cardiac arrhythmia monitors globally 2018, by region, Price of Holter monitoring systems in 2017 and 2026, by world region, Global interventional cardiology devices market share by type 2017 and 2027, Imports of Mexican medical device industry 2007-2016, Market share of dental devices in China 2019, by segment, Osstem Implant's operating profit 2014-2021, MPI of medical syringes Thailand 2016-2020, Growth rate of the medical device market in MENA 2016-2021, Abbott Laboratories' Medical Devices segment revenue from 2018 to 2021, by category (in million U.S. dollars), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre.
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