Abbott Laboratories (Abbott) is an American multinational healthcare company that discovers, develops, manufactures, and sells a diversified range of health care products. Founded in 1888 by physician Dr. Wallace C. Abbott, the company is headquartered in Abbott Park, Illinois, and operates in more than 160 countries.

Core Business Segments

Abbott’s portfolio of life-changing technologies spans across four major businesses:

Medical Devices:
This segment is the largest by revenue and includes devices for cardiovascular care (heart failure, electrophysiology, rhythm management, vascular, and structural heart devices) and diabetes care (continuous glucose monitoring systems like the FreeStyle Libre).

Diagnostics:
Abbott is a global leader in in vitro diagnostics, developing systems and tests for use in laboratories, point-of-care settings, and for rapid testing, including solutions for infectious diseases like COVID-19 and HIV.

Nutritional Products:
The company offers a wide range of science-based adult and pediatric nutritionals and dietary supplements, with major brands including Ensure, Glucerna, Pedialyte, and Similac infant formula.

Established Pharmaceuticals:
Abbott focuses on high-quality, branded generic pharmaceuticals for sale exclusively in emerging markets, tailoring offerings to specific regional needs.

Mission and Impact
Abbott’s mission is to help people live their best lives through good health. The company is known for innovation and aims to make healthcare more accessible and affordable. With approximately 114,000 employees globally, it delivered $42 billion in sales in 2024 and is positioned as a leader in various high-growth markets across the healthcare spectrum.