Abbott(ABT) ZACKS·2024-12-30 15:01Industry Overview - The MedTech industry has shown resilience and growth in 2024, with the Dow Jones U.S. Select Medical Equipment Index increasing by 10% despite challenges like supply chain disruptions and regulatory hurdles [1] - The global AI in healthcare market was valued at 503.2 billion in 2023 and is projected to grow at a CAGR of 4.4% through 2033, highlighting ongoing expansion opportunities [16] Technological Advancements - The integration of AI and machine learning in diagnostics, medical imaging, and robotic surgery is expected to enhance treatment precision and outcomes, driving growth in the MedTech sector [4] - The global minimally invasive surgery market is projected to grow from 173.9 billion by 2029, with a CAGR of 17% [15] Company Highlights Abbott Laboratories - Abbott is advancing in biosimilars, targeting oncology and women's health, with launches expected in 2025 [6] - The company's Diabetes Care business is thriving, particularly with its FreeStyle Libre continuous glucose monitoring system [6] - Abbott's earnings growth rate for 2025 is estimated at 10.1%, with a revenue increase of 7.1% year-over-year [7] Boston Scientific - Boston Scientific reported 41% of its 2023 revenues from international markets, achieving 16.8% operational sales growth in Q3 2024 [19] - The company is expanding its leadership in Electrophysiology and has seen a 14.3% operational sales increase in the EMEA region [19] - Boston Scientific's earnings growth rate for 2025 is projected at 12.6%, with a revenue increase of 12.9% year-over-year [9] Align Technology - Align Technology is expanding its Invisalign Palatal Expander System in Asia Pacific and has seen strong adoption of its Vivera retainers [10] - The company's earnings growth rate for 2025 is estimated at 9.4%, with a revenue increase of 5.9% year-over-year [21] Intuitive Surgical - Intuitive Surgical is a leader in robotic-assisted surgery, with its da Vinci Surgical System widely used globally [11] - The company's earnings growth rate for 2025 is pegged at 14.1%, with a revenue increase of 16.9% year-over-year [12] Stryker Corporation - Stryker is focusing on expanding its Mako robotic platform and has pursued an acquisition-driven growth strategy [13] - The company's earnings growth rate for 2025 is estimated at 12.1%, with a revenue increase of 8.4% year-over-year [24]