Abbott

Founded: 1888

Headquarters: Chicago, Illinois

Revenue: 34,61 Billion USD

Website: https://www.abbott.com/

Abbott, an American multinational, is one of the top three medical device businesses this year. Abbott, based in Illinois, has been providing medical products and healthcare solutions to more than 160 nations since its founding more than 130 years ago. The corporation, which employs 107,000 people globally, is recognized for developing ground-breaking technologies in diagnostics, medical equipment, nutrition, and branded generic medications. Abbott's medical equipment and diagnostics divisions performed well, increasing by 13% year over year. Abbott was instrumental in combating the early stages of the Covid-19 outbreak by developing diagnostic tests and distributing them globally. Other areas of the company thrived outside of Covid-19, with the release of a slew of new medical devices, including the next-generation MitraClip repair device and the Tendyne device, which replaces the entire valve for patients who cannot be repaired, as well as the FreeStyle Libre 3 system, the thinnest and most discreet glucose sensor ever. Abbott intends to address not just the medical issue that their products address, but also the issue of availability and cost in the future.