When Abbott announced its second-quarter results this week, medical devices were not the star of the party. The Abbott Park, IL–based company’s medical device business saw only a 3% year-over-year growth in sales, even while overall sales grew 10.8% operationally.
Abbott’s medical device business, however, may be due for a Cinderella moment, if a new report from research and consulting firm GlobalData is any indication. The key for Abbott is bioabsorbable scaffolds.
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