2020 Annual Report Medtech
The MedTech sector faced a significant slowdown in 2020, with sharp revenue declines in Q2 due to the pandemic, except for critical care, medical consumables, and lab diagnostics. Recovery began in H2 2020, particularly in elective yet non-deferrable procedures like orthopedics and dental treatments, though overall year-on-year performance remained down. This downturn marked an unprecedented impact across the sector, unlike the minimal effects seen during the 2008 financial crisis.
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.
Click Below To Download
