Abbott Laboratories SWOT Analysis, Competitors & USP

Abbott Laboratories

Parent Company

Abbott Laboratories

Category

Pharmaceuticals

Sector

Pharma and Healthcare

Tagline/ Slogan

A promise for life

USP

Abbott is a global, diversified healthcare company devoted to the discovery, development, manufacture and marketing of pharmaceuticals, nutritional products for children and adults, and medical products, including devices, diagnostic tests and instruments.

Abbott Laboratories STP

Segment

Pharmaceutical and  medical diagnostic instruments and tests, minimally invasive surgical devices used for diagnosis of diseases.

Target Group

Small and large enterprises across the globe using diagnostic instruments

Positioning

Abbott is there for people in their pursuit of healthy lives.

Abbott Laboratories SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Abbott Laboratories. Strengths are:

1. Abbott is collaborating with Syngene, India's leading contract research organization, to establish its first nutrition research and development (R&D) center in the country

2. Abbott Molecular has acquired an exclusive license to develop a diagnostic test in the United States based on several new biomarkers

3. Includes a broad range of specialized medicines; medical diagnostic instruments and tests; minimally invasive surgical devices; a spectrum of nutritional supplements for infants, children and adults; and products for veterinary care.

4. Abbott Launches PediaSure SideKicks , a nutritional beverage to help balance out a picky eater's uneven diet

5.Strong employee force of 90,000

Weaknesses

Here are the weaknesses in the Abbott Laboratories SWOT Analysis:

1. Products listed on the site may be available only in certain countries.

2.Company is overly dependent upon mature products whose patents may expire in near future

3. Abbot faces lot of litigation cases in various countries regarding its products

Opportunities

Following are the Opportunities in Abbott Laboratories SWOT Analysis:

1. Broad-based medical innovation, in technologies and businesses   across the spectrum of health care

2. Pioneering solutions that advance health care

3. Address health needs in under-developed and poor countries

4. Leverage its core business expertise and resources to create sustainable solutions in countries around the world.

Threats

The threats in the SWOT Analysis of Abbott Laboratories are as mentioned:

1. Increasing obsolesce of technology

2. Competition from peers

Abbott Laboratories Competition

Competitors

Below are the top 5 Abbott Laboratories competitors:

1. Sun Pharma Industries

2. Dr.Reddy's

3. Cipla

4. Lupin

5. Ranbaxy