MedTech Sector experienced a slowdown of growth in 2020 with major decline in Q2 ’20 but pick up in revenues in H2 20
Most major sectors experienced sharp declines in Q2 2020 (except for critical care, medical consumables & lab diagnostics) due to the onset of pandemic.
Elective but non-deferrable procedures like in Orthopaedics, certain Dental procedures started to recover in Q3/4 2020 but decreased overall Y-o-Y.
Wide sector differences within MedTech & unprecedented decline in revenues not seen since 2008 when impact on MedTech was selective & minimal.
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2020 Annual Report MedTech