Net Revenue of Abbott Laboratories 2005-2019
Amounts are in $millions.
|Year||Net Revenues ($mn)|
The net revenue of Abbott Laboratories grew to $31.9 billion in 2019 from $30.6 billion in 2018.
The net Revenue of Abbott Laboratories grew to $30.6 billion in 2018 from $27.4 billion in 2017.
Abbott Laboratories is an Illinois corporation, incorporated in 1900. Its main business is the discovery, development, manufacture, and sale of a broad and diversified line of health care products.
Abbott has four reportable segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Cardiovascular and Neuromodulation Products.
About the Abbott Laboratories:
Founded in 1888, Abbott Laboratories is a global healthcare brand with operations across more than 160 countries. The name of its founder was Dr. Wallace C. Abbott. The company employs more than 107,000 people, and its products span the following categories – 1. Cardiovascular 2. Diabetes 3. Diagnostics 4. Neuromodulation 5. Nutrition 6. Pharmaceuticals.
The net sales of Abbott Laboratories in 2019 reached $31.9 billion compared to $30.6 billion in 2018. Its net earnings reached $3.7 billion in 2019 compared to $2.3 billion in 2018. The United States is the largest market for Abbott Products accounting for more than one-third of its net sales in 2019. Abbott Laboratories generated $11.4 billion in 2019 compared to $10.84 billion in 2018 from the United States market alone. Medical devices are the largest product category of Abbott. The revenue of Abbott laboratories from the sales of medical devices in 2019 was $ 12.24 billion compared to $11.4 billion in 2018.
Mission Statement of Abbott Laboratories:
“LIVE YOUR BEST LIFE, NOW AND IN THE FUTURE.”
“We understand that the first step to living your best life is good health. Everything we make is designed to help you do just that. That’s our commitment to building life-changing technologies that keep your heart healthy, nourish your body at every stage of life, help you feel and move better, and bring you information, medicines, and breakthroughs to manage your health.”