Abbott Looking To Electrophysiology For Medical Device Growth

Abbott's interest in the electrophysiology market signals the company's focus on turning around its ailing medical device business, which is significantly impacting its overall top line growth. Operational sales in the medical device division reported negative growth in the first nine months of 2014 year-over-year (y-o-y), compared to a growth of 3.9% in company-wide sales in the same period. Excluding the medical device business, Abbott's operational sales grew 5.3% y-o-y.