This report includes a detailed market assessment for each medical device & diagnostic segment with recovery and rebound forecasts. Weekly updates and full access to our team of analysts are available as an add-on service to help our customers navigate through this unprecedented time.
This report analyzes and forecasts the impact of the current COVID-19 and associated economic crisis on the global medical devices and diagnostics (MD&D) market. More specifically, it details the impact of the crisis annually for 2020 through 2025 on:
Our forecasts and timelines are presented using two scenarios. The first assumes the current crisis will extend no more than 90 days, enabling the market to largely recover within the next 12-18 months. The second assumes the crisis and especially its economic impact will extend through most of 2020 and possibly beyond, signaling a slower recovery and resumption of normal growth through 2024.
Our more than decade-long reporting of the Global MD&D Market placed those revenues at $460 billion in 2019 and forecast them to increase at a real 4.9% annual rate through 2024. This report will be essential to your understanding of how and when the overall market will rebound—including the likely long-term impact of the crisis on its growth—as well as which technologies and geographic markets will be most impacted.