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Medical Devices Market And Covid 19 Impact Medical Devices Industry 2020

Medical Devices Market And Covid 19 Impact Medical Devices Industry 2020

Medical Devices Market 2020 – 2025 includes systematic information regarding to Medical Devices Industry. Report provides Medical Devices Industry and provides statistics and information on market dynamics, growth factors, key challenges, major drivers and restraints, opportunities and forecast 2025.

Covid 19 Impact on medical devices market:

Medical Devices Market 2020 Industry Analysis By Type (Orthopedic Devices, Cardiovascular Devices, Diagnostic Imaging, IVD, MIS, Wound Management, Diabetes Care, Ophthalmic Devices, Dental & Nephrology), End User (Hospitals & Ambulatory Surgical Centers and Clinics) and Regional Forecast, 2019 – 2025.

An Overview of the Impact of COVID-19 on Medical Devices Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Also identifies and analyses the emerging trends along with major drivers, challenges, opportunities and entry strategies for various companies in the Medical Devices Industry. The report, recent innovations have created several growth opportunities for prevailing companies as well as newer market entrants.

The global medical devices market size is expected to decline by more than two percentage points, reaching USD 461 billion at a CAGR of 3.0% by 2020. Fortune Business Insights™ provides an in-depth analysis on the short-term impact of the COVID-19 outbreak on this market in its newest report, titled “Global Medical Devices Market – Impact of Covid-19”. The report addresses the following questions:

How will the global market get affected in the short- and long-term by the COVID-19 pandemic?

What kind of impact will the coronavirus outbreak have on the regional prospects of the global medical devices market?

How will the pandemic affect the upcoming market opportunities?

How has the global medical devices market been segmented vis-à-vis the COVID-19 outbreak?

How is the Government’s response to this pandemic?

How are the key players responding to this phenomenon and what are the strategies they are implementing?

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Massive Supply Chain Disruptions to Hamper the Market

The COVID-19 outbreak has had a crippling effect on the global supply chain and logistics. With a large number of major economies such as India and Italy going under prolonged periods of lockdown, transfer of these devices and services across international borders has been severely stymied. More importantly, majority of the world’s leading medical devices companies have their manufacturing facilities stationed in China. Being the epicenter of the outbreak, China has suspended most of its industrial activities. As a result, timely delivery of necessary medical devices has been affected and the medical devices market trends have been negatively impacted in the process.

Companies to Revise Their Growth Projections

The market report suggests that the coronavirus pandemic has spiked the demand for essential healthcare products such as ventilators, face masks, and test kits. However, the demand for devices employed in non-essential medical procedures has plummeted as people conserving their resources for the critical times that lie ahead. As a result, companies are increasingly modifying their growth trajectories and projections owing to the uncertainty of the degree spread and intensity of the COVID-19 disease. For instance, Boston Scientific announced that it expected a revenue decline of approximately $40 million in the first quarter of 2020. Similarly, GE anticipated a severe hit of around $300 million in 2020’s first quarter as the company is a major player in the healthcare and aviation sectors

Table of Contents

1 Market Overview

1.1 Medical Devices Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.4 South America, Middle East and Africa

1.5 Market Dynamics

Continued…

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Medical Devices Market And Covid 19 Impact Medical Devices Industry 2020

Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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