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Johnson & Johnson MedTech Chairman Tim Schmid: Confident in High-End Growth, Cardiovascular to Be Largest Business by Q1 2027
Johnson & Johnson (JNJ) MedTech Chairman Tim Schmid stated the company is confident in achieving the high end of its 5% to 7% operational market-growth range for 2022-2027. He highlighted a portfolio shift towards cardiovascular products, which are expected to become the company's largest and fastest-growing MedTech business by the first quarter of next year, driven by acquisitions like Abiomed and Shockwave.
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