- Business
- Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad portfolio of health care products operating globally across four main segments: medical devices, diagnostics, nutrition, and established pharmaceuticals. The company's core products include medical devices such as cardiovascular devices, glucose monitoring systems under the FreeStyle Libre brand, neuromodulation devices for chronic pain and movement disorders, diagnostic tools including point-of-care testing and laboratory diagnostics, and nutrition products including infant formula and adult nutritionals. Founded in 1888 and headquartered in Abbott Park, Illinois, Abbott has expanded its portfolio through strategic acquisitions including the 2025 acquisition of Exact Sciences, enhancing its position in cancer screening and precision oncology diagnostics. Recent operational initiatives include the FDA approval of the Tendyne transcatheter mitral valve replacement system and plans to establish a new cardiovascular device manufacturing facility in Georgia by 2028. Abbott continues to drive organic growth through innovation in its diversified portfolio, with medical devices leading quarterly sales performance, and maintains a strong presence in the U.S. cardiovascular market with significant market share. The company’s recent acquisitions such as Bigfoot Biomedical, Cardiovascular Systems, and Exact Sciences reflect a strategic emphasis on expanding diabetes management, cardiovascular treatments, and oncology diagnostics globally, supporting its long-term growth strategy and global commercial reach. Abbott serves diverse healthcare markets worldwide including North America, Europe, Asia, and emerging markets. Its extensive network includes over 300 subsidiaries that support its innovation and distribution capabilities. Abbott continually invests in research and development to improve patient outcomes and address global health challenges.