J&J Continues Momentum In Second Quarter

Johnson & Johnson’s medical device sales were up nearly 60% year-over-year in the second quarter of 2021 while Abbott reported 51% growth in its device business, reflecting the recovery in procedure volumes since the worst days of the pandemic in mid-2020.

Earning Report Q2

Procedure volumes for most of Johnson & Johnson’s device businesses returned to their pre-pandemic levels in the second quarter of 2021. However, a few markets, including orthopedic implants and vision surgery, are still showing some impact of COVID-19.

Worldwide operational sales for Johnson & Johnson’s medical device businesses grew 58.7% year over year, from just under $4.3bn in the second quarter of 2020 to almost $7bn in the...

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