Abbott Labs Sees Medical Device Growth

Abbott Laboratories reported strong performance in its medical device segment, which experienced double-digit year-over-year growth during the first quarter. This robust expansion highlights the company's successful product innovation and market penetration in the healthcare technology sector. In contrast, the nutrition division saw a decline in performance. The company's diversified portfolio continues to show resilience, with medical devices emerging as a key growth driver amidst varying market conditions for its other business units.