COVID-19 Impact on Medical Devices Industry - Thematic Research

COVID-19 Impact on Medical Devices Industry - Thematic Research

Summary

COVID-19 in the medical device Industry

On December 31, 2019, China reported a suspicious case cluster of atypical pneumonia in the city of Wuhan to the World Health Organization (WHO). Since then, the situation developed into an outbreak of Coronavirus (COVID-19), and has been declared a pandemic. As infections spread across the globe, there have been tremendous effects, and the impact on the medical device sector is significant.

COVID-19 caused delays and shortages from the start, and while many aspects of healthcare are returning to normal, some shortages are still happening as a result of the pandemic. At the beginning, many hospitals and healthcare organizations experienced a shortage of personal protective equipment (PPE) including masks, face shields, gloves, and gowns. Many hospitals were overwhelmed with patients, causing a shortage in beds and ventilators. Several procedures (such as diagnostic imaging and elective surgeries) were put on hold while healthcare workers focused on COVID-19 patients. Medical device companies worked quickly to produce more PPE, COVID-19 tests, and other devices in high demand, while other aspects of the sector suffered significant losses.

Scope

• This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats. Inside, we predict how each theme will evolve and identify the leading and disrupting companies.
• The report covers the COVID-19 theme.

• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
• Develop and design your corporate strategies through an in-house expert analysis of COVID-19 by understanding the primary ways in which this theme is impacting the medical devices industry.
• Stay up to date on the industry’s major players and where they sit in the value chain.
• Identify emerging industry trends to gain a competitive advantage.