We also compare the United States as a market for Abbott with that for other large medical devices companies. 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. This figure has been on a rise and it grew from 30% to 35% between 2014 and 2018. If you are an admin, please authenticate by logging in again. 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). Learn more about how Statista can support your business. Are you interested in testing our corporate solutions? as noted on that site. Please create an employee account to be able to mark statistics as favorites. Get full access to all features within our Corporate Solutions. statistic alerts) please log in with your personal account. This can primarily be attributed to the Alere acquisition, which will further strengthen Abbotts share in the diagnostics business. Statista. What Need Does It Serve?Abbott primarily serves the medical devices, pharmaceuticals, and nutritional products market. You need a Statista Account for unlimited access. MEDICAL DEVICES 2016. Whats behind Trefis? As a Premium user you get access to the detailed source references and background information about this statistic. Abbotts sales in the United States grew from $6.1 billion in 2014 to $10.8 billion in 2018. Statista. If you are an admin, please authenticate by logging in again. Register in seconds and access exclusive features. - 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 . Show publisher information Boston Scientific Corp (US) 2019 Revenue: $10.73 billion. Below we show region-wise breakup of Abbotts revenues, its business model, and revenue trajectory. MitraClip is the world's first mitral transcatheter edge-to-edge repair (TEER) therapy -- also referred to as TMVr (transcatheter mitral valve repair) -- that delivers a minimally invasive treatment option for select patients with primary or secondary mitral regurgitation (MR) who would otherwise go untreated. Abbott Laboratories is focused on the discovery, development, and production of a wide range of healthcare products. Nutritionally complete, amino acid-based medical food and infant formula with iron. ", Abbott Laboratories, Abbott Laboratories' revenue from 2004 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/266576/revenue-of-abbott-since-2004/ (last visited November 08, 2022), Abbott Laboratories' revenue from 2004 to 2021, 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's total operating expenses 2014-2021, Abbott Laboratories' U.S. revenue 2006-2021, Income of Idexx Laboratories CAG diagnostics 2018-2021, R&D spending Idexx Laboratories 2015-2021, Total revenue of Idexx Laboratories 2015-2021, Marketing spend Idexx Laboratories 2015-2021, Revenue of Idexx Laboratories CAG 2017-2021, Number of U.S. and European medical technology companies 2009-2020, Market and growth of global life sciences by sector 2016, U.S. and European medical technology companies - R&D expenditure 2009-2020, Medtech companies market cap CAGR in U.S. and Europe 2016-2021, Medtech companies market cap growth U.S. and Europe 2016-2021, Medical device equipment and services segment distribution worldwide 2017, Mobile C-arm unit growth rate North America 2015-2026, Early toxicity testing market size worldwide 2019-2030, Peripheral artery disease market size worldwide 2019-2030, Medical imaging market size U.S. 2015-2025, by product, Varian Medical Systems' annual revenues 2015-2020, by region, Abbott Laboratories' revenue from 2004 to 2021 (in billion 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. In 2022, Abbott recalled Similac baby formula for potential Cronobacter contamination. Please do not hesitate to contact me. To use individual functions (e.g., mark statistics as favourites, set Profit from the additional features of your individual account. Abbott (NYSE: ABT) generates its revenue from sales of medical devices across the globe. This statistic illustrates the revenue of medical device and pharmaceutical company Abbott from 2004 to 2021. In terms of revenue and profit, the Medical Devices arm is also the company's largest business segment, accounting for more than one third of overall sales, and these have been strengthened by the company's acquisitions of St. Jude Medical and Alere. RELEVANCE Please create an employee account to be able to mark statistics as favorites. "Abbott Laboratories' Medical Devices Segment Revenue from 2018 to 2021, by Category (in Million U.S. Abbotts revenue growth in 2018 was also higher due to the impact of the Alere acquisition. Also, heres more Healthcare Data. Directly accessible data for 170 industries from 50 countries Directly accessible data for 170 industries from 50 countries Abbotts total sales grew from $20.2 billion in 2014 to $30.6 billion in 2018. Currently, you are using a shared account. Industry-specific and extensively researched technical data (partially from exclusive partnerships). Then you can access your favorite statistics via the star in the header. ~ for more details. Abbott Laboratories annual revenue for 2020 was $34.608B, a 8.48% increase from 2019. February 18, 2022. 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. 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. For Medicare, revenue codes must be included for each service on a CMS 1450 (UB-04) claim form. 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. Life-Changing TEER Therapy for Select Patients with Mitral Regurgitation. Global key manufacturers of Cardiovascular Medical Devices include Medtronic, Abbott, Boston Scientific, Edwards Lifesciences, and Abbott Laboratories, etc. This statistic shows Abbott Laboratories' revenue of the Nutritionals segment from 2018 to 2021, broken down by category. Profit from the additional features of your individual account. Mar 17, 2022. Abbott Laboratories. In 2020- the US FDA has granted EUA for the company's several COVID-19 related products including its diagnostic tests. This statistic is not included in your account. and over 1Mio. Electrophysiology refers to a test performed to assess the hearts activity and is used to diagnose arrhythmia. We forecast mid-single-digits growth in revenues in the coming years, primarily led by its expansion in emerging markets. If you are an admin, please authenticate by logging in again. The company has been seeing higher revenue growth from emerging markets, including China, India, and Russia. In that year, Medtronic had the largest revenue at over 30 billion U.S. dollars, followed by. This statistic shows Abbott Laboratories' revenue of the Medical Devices segment from 2018 to 2020, broken down by category. 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. Medical, Abbott further strengthened our presence in this segment, creating a global leader in medical devices. Abbott's life-changing technology helps people live fully and offers information, medicines and breakthroughs to help you manage your health. Medtronics sales in the United States grew from $12.1 billion to $16.2 billion between fiscal 2014 and fiscal 2018. Chart. You can adjust segment-wise sales to see the impact on the companys overall revenues. Accessed November 08, 2022. https://www.statista.com/statistics/975527/abbott-medical-devices-revenue-by-category/, Abbott Laboratories. Abbott Laboratories' revenue from 2004 to 2021 (in billion U.S. dollars) [Graph]. Mar 17, 2022. Corporate solution including all features. Abbotts sales growth in 2017 can be attributed to the St. Jude acquisition. Abbott Laboratories. Abbott acquired St. Jude Medical Inc. in 2017, revenue and profit are expected to remain high to 2026. Corporate solution including all features. Accessed November 08, 2022. https://www.statista.com/statistics/266576/revenue-of-abbott-since-2004/, Abbott Laboratories. facts. 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. In 2021, the medical device segment was the largest segment within the company and generated 14.3 billion U.S. dollars in revenues. 1,2 . This segment's Electrophysiology category generated about 1,900 million U.S. dollars in 2021. This statistic was assembled from several Abbott annual and financial reports. Who Are Abbotts Key Competitors?Abbott competes with other medical devices companies, such as Medtronic, Johnson & Johnson, Boston Scientific, and Intuitive Surgical, among others. 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 Abbott Laboratories is a U.S. health care company. Boston Scientific produces a large range of medical devices used to diagnose and treat patients with issues in the areas of cardiology, urology, endoscopy and many more. No of Employees 113,000. 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. Profit from the additional features of your individual account. In established pharmaceuticals business, it competes with Pfizer, and GlaxoSmithKline, among others. However, the pharmaceutical industry is characterized by intense competition globally, as many companies compete for the same consumer base. Register in seconds and access exclusive features. See How its Powering New Collaboration and What-Ifs, For CFOs and Finance Teams | Product, R&D, and Marketing Teams. This statistic shows Abbott Laboratories' revenue of the Medical Devices segment from 2018 to 2021, broken down by category. In 2021, the International Pediatric Nutritionals segment . As a result, the site may contain information on pharmaceuticals, medical devices and other products or uses of those products that are not approved in other countries or . Given the sales growth in the United States from $6.1 billion to $10.8 billion over the same period, the contribution of the United States as a region grew from 30% to 35%. Medical Devices is the largest segment, and accounts for more than one-third of the companys total revenues and profits. In, Abbott Laboratories. Are you interested in testing our corporate solutions? Apart from electrophysiology, structural heart continues to benefit from higher MitraClip sales. Medicare utilizes revenue codes for cost reporting purposes. Address 100 Abbott Park Rd, Illinois, 60064-3500. facts. Abbotts Medical Devices business includes minimally invasive medical devices for heart diseases, stroke, carotid artery disease, and other vascular conditions. Number of Employees: 36,000. Abbott is currently the fourth largest medical device company in the world. Electrophysiology refers to a test performed to assess the hearts activity and is used to diagnose arrhythmia. Explore example interactive dashboards and create your own. (February 18, 2022). September 8, 2022 By Chris Newmarker Medtronic, Johnson & Johnson MedTech and Siemens Healthineers top the Big 100 list of largest medical. dollars)." Abbott Laboratories revenue for the twelve months ending September 30, 2022 was $45.030B, a 6.43% increase year-over-year. Abbott Laboratories. Please create an employee account to be able to mark statistics as favorites. Dollars). * As of January 1, 2013, Abbott was separated into two companies: Abbott (medical products) and AbbVie (research-based pharmaceuticals). The Medical Devices business was responsible for the remaining $12.25 billion in revenue, reaching double-digit growth with 10.5 percent. To use individual functions (e.g., mark statistics as favourites, set About Abbott The ideal entry-level account for individual users. Looking at Abbotts generic pharmaceutical business, the segment includes branded generic drugs such as Creon, Biaxin, Klacid, Influvac, Brufen, Synthroid, and Dicetel among others. Chart. Use Ask Statista Research Service, Pharmaceutical market: worldwide revenue 2001-2021, Top 50 pharmaceutical companies - Rx sales and R&D spending 2021, 2021 list of global top 10 biotech and pharmaceutical companies by employees, Top 10 biotech and pharmaceutical companies based on market cap 2022. 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. Abbott's total revenue grew from $20.4 billion in 2015 to $31.9 billion in 2019. 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. Abbott Labs (NYSE:ABT) generates its revenues from Medical Devices, Nutritionals, Diagnostics, and Generic Pharmaceuticals business. The company generated $11 billion in sales in the United States, accounting for over one-third of. You can look at our interactive dashboard analysis ~ How Big Is The United States Market For Abbott? 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? Accessed November 08, 2022. https://www.statista.com/statistics/266578/abbotts-revenue-by-segment/, Abbott Laboratories.
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