Healthcare DIVE October 15, 2020
Susan Kelly

Dive Brief:

  • The medtech market is projected to bounce back in the third quarter from the second, buoyed by a recovery in elective procedure volumes that occurred at a faster pace than initially anticipated, according to an outlook from Needham analysts.
  • Needham forecast overall growth improving in the third quarter to negative 12.3% in major medtech markets, up from a 25.4 percent plunge during the second. Momentum is expected to carry into the fourth quarter, potentially bringing on positive growth, but the flu season poses a risk to the recovery. For the full year, analysts see the overall medtech market declining 11.2% compared to 2019.
  • But there’s also evidence a recovery in non-coronavirus hospital patient volumes is flattening. Analysts...

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Topics: ASC, Health System / Hospital, Patient / Consumer, Provider, Survey / Study, Trends
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