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Abbott Sees Signs Of Post-Pandemic Recovery In Q2

 
• By Reed Miller

Abbott’s medical device sales were down about 20% year-over-year in the second quarter of 2020, but diagnostics sales were up 7%. Procedure trends at the end of the second quarter suggest that demand for devices will soon recover to pre-pandemic levels.

Abbot Laboratories logo and sign near company office in Silicon Valley. Abbott Labs is an American health care company - Pleasanton, California, USA - 2019
• Source: shutterstock.com

Demand for Abbott Laboratories’ medical devices is beginning to recover, following the rapid contraction in sales caused by the COVID-19 pandemic in the first half of 2020.

In March and April, hospitals around the world shifted their available resources to treat COVID-19 patients and postponed or cancelled...

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