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Abbott Laboratories: Segment Analysis

Business Description

Abbott Laboratories (Abbott) offers nutritional products, medicines, diagnostic devices and solutions in diabetes, cardiovascular and neuromodulation therapy areas.

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R&D Overview

Abbott focuses on the discovery and development of new products and enhancement of existing products and process. The company also focuses on the development process, geographic expansion and continuous improvement of its Established Pharmaceuticals segment’s existing products to provide benefits to patients and customers. The R&D activities of the Medical Devices segment consist of research on a specific technology, which is evaluated for feasibility and commercial viability. The development process of the Nutritional segment focuses on identifying and developing ingredients and products that address the nutritional needs of particular population (infants and adults) or patients including people with diabetes. In FY2021, Abbott spent US$2,742 million on its R&D, which as a percentage of revenue, stood at 6.7%. It has R&D facilities in California, Illinois, Minnesota, New Jersey, and Ohio, the US; China; Colombia; India; Singapore; Spain; and the UK.

Business Segments

Overview

Offers diagnostic systems and tests to hospitals, commercial laboratories, blood centers, emergency departments, government agencies, physician offices and clinics, alternative care testing sites and plasma protein therapeutic companies. Major products include laboratory systems, molecular diagnostics systems, genomic-based tests, point of care systems, rapid diagnostic systems, cartridges for blood analysis, molecular point-of-care testing, cardiometabolic testing, drug and alcohol testing, remote patient monitoring and consumer self-testing, and informatics and automation solutions for use in laboratories. Other products include assays used for screening and diagnosis of cancer, therapeutic drug monitoring, cardiac, drugs of abuse, metabolics, general chemistries, fertility, and infectious diseases. Continues to commercialize next-generation blood screening, immunoassay, clinical chemistry and hematology systems, along with assays in areas including infectious diseases, metabolics, cardiac care, oncology, informatics and automation solutions.

Performance

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Overview

Offers rhythm management, heart failure, electrophysiology, vascular and structural heart devices for the treatment of cardiovascular diseases; neuromodulation devices for the management of chronic pain and movement disorders; and diabetes care products for people with diabetes. Key rhythm management products include Assurity MRI and Endurity MRI pacemaker systems; Quadra Assura MP implantable cardioverter defibrillator; Ellipse and Fortify Assura implantable cardioverter defibrillators; MultiPoint pacing technology; and Confirm Rx implantable cardiac monitor. Major electrophysiology products include TactiCath ablation catheter, EnSite Precision cardiac mapping system, FlexAbility irrigated ablation catheter, Ampere RF ablation generator, and the Advisor HD Grid mapping catheter. Major heart failure related products include HeartMate left ventricular device and CardioMEMS HF System pulmonary artery sensor. - Major vascular products include drug-eluting coronary stent systems, vessel closure devices, coronary balloon dilatation products, guidewires, peripheral vascular stent system, carotid stent systems, imaging catheter and fractional flow reserve measurement systems. - Critical structural heart products include percutaneous mitral valve repair system, heart valves, occluders and transcatheter mitral valve implantation system. - Critical continuous glucose and blood glucose monitoring systems include sensors, test strips, data management decision software, and accessories for people with diabetes - Significant neuromodulation products include spinal cord stimulators, implantable pulse generators, neurostimulation device, and brain stimulation system. Views product innovation and agreements as the major factors for the growth of the segment.

Performance

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Overview

Offers pediatric and adult nutritional products that meet the nutritional needs of people with chronic illnesses. It sells directly to consumers; and also through a network of distributors to institutions, retailers, wholesalers, health care facilities, government agencies and third-party distributors. Its major prepared infant formula and follow-on formula products include Similac range of products, Isomil, Isomil Advance, Alimentum, Grow and Eleva. Major adult and other pediatric nutritional products include Ensure family of products, Glucerna, ProSure, Glucerna Hunger Smart, PediaSure, PediaSure Sidekicks, PediaSure Peptide, EleCare, Juven, Abound, Zone Perfect and Pedialyte. Major nutritional products used in enteral feeding in health care institutions include Jevity, Glucerna 1.5 Cal, Glucerna 1.2 Cal, Osmolite, Oxepa, Nepro, Freego (Enteral Pump) and Freego sets, and Vital. Views product innovation as a critical factor for the growth of the segment. It intends to increase R&D spending to develop its platforms in pediatric and adult nutrition areas: brain health, gastro intestinal/immunity health, mobility and metabolism.

Performance

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Overview

Offers branded generic drugs across the world. Its sells products directly to wholesalers, government agencies, distributors, health care facilities, pharmacies, and independent retailers. Major gastroenterology products include Creon, for pancreatic exocrine insufficiency; Heptral, Transmetil and Samyr for intrahepatic cholestasis or depressive symptoms; Duspatal and Dicetel for irritable bowel syndrome or biliary spasm, and Duphalac for the regulation of the physiological rhythm of the colon Major women's health products include Duphaston for gynecological disorders; and Femoston, a hormone replacement therapy for postmenopausal women. Major cardiovascular and metabolic products include Lipanthyl and TriCor for dyslipidemia; Teveten, Teveten Plus and Physiotens to treat hypertension; and Synthroid for hypothyroidism. Major pain and central nervous system products include Serc for Meniere's disease and vestibular vertigo; Sevedol for severe migraines; and Brufen for pain, fever, and inflammation. Major respiratory drugs and vaccines include anti-infective clarithromycin and Influvac influenza vaccine. Intends to focus on building country specific portfolios made up of pharmaceuticals that meet the needs of patients in emerging markets. Plans to expand existing brands in new markets, implement product enhancements and acquisition of strategic products and technology through licensing activities.

Performance

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Performance

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Geographical Segments

Performance

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Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

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