Abbott Laboratories makes medical devices, diagnostic tests, nutritional products and generic pharmaceuticals, a diversified healthcare company spanning several distinct business segments. Its medical device business includes diabetes care products, cardiovascular devices and other equipment used across various medical specialties, while its diagnostics business makes laboratory testing equipment used in hospitals and clinical labs worldwide. Abbott's nutritional products business sells infant formula and adult nutrition supplements, giving the company consumer-facing revenue alongside its more traditional medical device and diagnostics businesses sold primarily to healthcare providers. The company's diversification across medical devices, diagnostics, nutrition and generic pharmaceuticals gives it exposure to multiple different healthcare demand drivers, from hospital capital spending on devices to consumer nutrition purchases to routine diagnostic testing volumes.