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Abbott Laboratories, a leader in pharmaceutical and medical product development, has received a Buy rating from UBS. The company's net sales are primarily derived from diagnostic systems (39.1%) and vascular devices (24.7%), with significant contributions from nutritional products (12.1%) and medical products (8.2%). Geographically, the United States accounts for 38.5% of sales, followed by Germany (5.8%) and China (5.6%).
Johnson & Johnson, a leading medical device maker, has expanded its business through acquisitions and recently spun off its consumer health unit, KenVue. The company is known for its consistent dividend growth, having increased payouts for 62 consecutive years.TransMedics Group, a small-cap company, is innovating organ transport with its Organ Care System, which enhances the viability of donor organs during transit. The company anticipates significant revenue growth in 2024.For investors interested in medical devices, several ETFs are available, including the iShares U.S. Medical Devices ETF and the SPDR S&P Health Care Equipment ETF, which provide diversified exposure to the sector.
The global consumer healthcare market, valued at USD 303.37 billion in 2023, is projected to reach USD 575.40 billion by 2032, growing at a CAGR of 7.51%. This growth is driven by increasing awareness of wellness products and the rising demand for e-commerce platforms, particularly in North America, which holds the largest market share. Key players include Abbott Laboratories, Bayer AG, and Johnson & Johnson Services Inc.
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abbott laboratories receives buy rating from ubs amid strong product sales
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