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Published July 2020 | Forecasts through 2024
Updated COVID-19 Forecasts: Global Medical Devices & Diagnostics Markets by Technology Segment
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Overview

In May 2020 -- using our experience analyzing developments and trends in the medical diagnostics and devices (MD&D) market over the past 40 years -- we presented our economically-modeled opinions regarding what the likely impact of the COVID-19 pandemic would be on the individual MD&D technology markets through 2024. This was followed by a June 2020 report giving our assessment of: a) the estimated exposure of the 45 top global MD&D suppliers; and b) opportunities for MD&D suppliers -- both as a group and as individual firms -- to emerge from the pandemic stronger and positioned to participate in and implement the changing face of health care delivery globally.

Since our initial reports were issued, the COVID-19 pandemic has extended its disruptive impact beyond our original estimates, especially in the key U.S. market that accounts for the largest share of the global MD&D market. As such, we are now (July 2020) presenting revised recovery forecasts for the various MD&D technology segments through 2024 based on the current COVID-19 environment. The data compare the revised COVID-19 forecasts with what we would have expected market growth to be normally and details the share of recovery each year. Equally important -- since the pandemic’s duration and impact remain uncertain -- this report provides a working tool (Excel models) for MD&D companies to consider alternative forecasts depending on how the pandemic proceeds and compared to their internal calculations based on proprietary data.

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Companies Covered

3M

Abbott Laboratories

Alcon

Align Technology

Allergan

Arthrex

Asahi Kasei

B. Braun Melsungen

Baxter

Becton Dickinson

bioMerieux

Boston Scientific

Braun Melsungen

Canon Medical Systems

Cardinal Health

Coloplast

ConvaTec

Danaher

Demant

Dentsply Sirona

Drager

Edwards Lifesciences

Envista

Fresenius

FujiFilm

GE Healthcare
Hill-Rom

Getinge

Hologic

Intuitive Surgical

Johnson & Johnson

Medtronic

Molnlycke

Nipro

Olympus

Philips Healthcare

ResMed

Roche Diagnostics

Siemens Healthineers

Smith & Nephew

Sonova

Stryker

Sysmex

Teleflex

Terumo

Thermo Fisher Scientific

Varian Medical Systems

Zimmer-Biomet

 

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