Abbott is a global healthcare company that has been dedicated to improving people's health for over 130 years. Founded in 1888 by Dr. Wallace C. Abbott, the company has grown to become one of the largest and most respected healthcare companies in the world.
Headquartered in Abbott Park, Illinois, Abbott operates in more than 160 countries and employs over 109,000 people worldwide. The company's mission is to help people live their best lives through the power of health. Abbott focuses on developing innovative solutions in the areas of diagnostics, medical devices, nutrition, and branded generic pharmaceuticals.
One of Abbott's key strengths lies in its diverse portfolio of products and technologies. The company's diagnostics division offers a wide range of diagnostic tests and instruments that help healthcare professionals diagnose and monitor various medical conditions. Abbott's medical devices division develops and manufactures a broad range of devices, including cardiovascular, diabetes care, and neuromodulation products. The company's nutrition division provides a comprehensive line of nutritional products for infants, children, and adults, including specialized formulas for individuals with specific dietary needs. Lastly, Abbott's pharmaceutical division focuses on developing and marketing branded generic pharmaceuticals across a range of therapeutic areas.
Innovation is at the core of Abbott's business strategy. The company invests heavily in research and development to bring new and improved products to market. Abbott's commitment to innovation is exemplified by its strong pipeline of new products and technologies. The company has a track record of introducing groundbreaking solutions that have transformed healthcare, such as the first commercially available HIV blood test and the world's first handheld blood analyzer.
Abbott's dedication to improving global health extends beyond its product portfolio. The company actively engages in initiatives to address some of the world's most pressing healthcare challenges. Abbott has partnered with organizations like the United Nations Foundation and the Global Fund to Fight AIDS, Tuberculosis, and Malaria to expand access to healthcare in underserved communities. The company also supports various educational programs and initiatives to promote health and wellness.
Abbott's commitment to sustainability is another key aspect of its corporate identity. The company strives to minimize its environmental impact by reducing greenhouse gas emissions, conserving water, and minimizing waste generation. Abbott has set ambitious sustainability goals, including achieving carbon neutrality and zero waste to landfill by 2030.
In recognition of its efforts, Abbott has received numerous accolades and awards. The company has been consistently recognized as one of the world's most admired companies by Fortune magazine and has been included in the Dow Jones Sustainability Index for over a decade.
In conclusion, Abbott is a global healthcare company with a rich history and a strong commitment to improving people's health. Through its diverse portfolio of products and technologies, dedication to innovation, and focus on sustainability, Abbott continues to make a significant impact on the healthcare industry and the lives of millions of people worldwide.
