Impact of COVID-19 on Elective Procedures in Western Europe, 2020–2023

Impact of COVID-19 on Elective Procedures in Western Europe, 2020–2023

Growth Strategies to Navigate the Uncertainty Surrounding Elective Procedure Deferrals and Their Impact on the Medical Device Market

RELEASE DATE
22-Mar-2021
REGION
Europe
Research Code: MFDA-01-00-00-00
SKU: HC03400-EU-MT_25315

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Description

The deferral of elective procedures due to pandemic-related measures has adversely affected the cardiovascular medical devices market. While some cardiovascular procedures are considered urgent, others have been rescheduled and deferred.

Nearly 80% of all the orthopedic procedures performed in Europe are estimated to have been delayed, postponed, or canceled due to COVID-19, as they are considered to be elective and non-essential procedures. Traumas, amputations, and oncological procedures are considered to be the most essential. Dislocations and fractures, including hip, pelvis, and forearms, are only being considered for treatment in urgent cases. COVID-19 patient volumes are putting a strain on intensive care resources. Providers are witnessing a decrease in ambulatory care and elective surgeries, even as the infection is spreading in nursing homes. There is a surge in on-demand services.

The market players in this ecosystem need to actively plan their product pipeline and come up with new innovation strategies to combat the major disruption in demand for 2020. Every state and local official has to assess the situation on the ground, as they will need to be able to screen patients and healthcare workers for the COVID-19 virus. Healthcare centers will need to make sure that patients feel safe when they come in to seek healthcare services by showing they have the appropriate sanitization processes in place and that they observe social distancing protocols inside the healthcare facilities.

The study considers the following 2 scenarios for demand projection for the Western European region for selective markets within orthopedic, cardiac, and robotic-assisted devices till 2025:
• Scenario 1: Conservative Scenario
• Scenario 2: Aspirational Scenario

The study focuses on providing a broad level overview of COVID-19's impact on the selective medical device market.

Author: Bejoy Daniel

RESEARCH: INFOGRAPHIC

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Table of Contents

Scope of Analysis

Scope of Analysis (continued)

COVID-19 Impact in Western European Nations

Recent Trends—Supporting the Availability of Critical Medical Devices, Supplies, and Medicines

Summarizing COVID-19’s Impact on Elective Procedures

Summarizing COVID-19’s Impact on Elective Procedures (continued)

COVID-19 Impact on Healthcare Industry

Impact of COVID-19 on Surgical Caseload Trends

Impact on Cardiovascular Procedures

Impact on Cardiovascular Procedures (continued)

Impact on Cardiovascular Procedures (continued)

Impact on Orthopedic Surgery

Impact on General Surgery

Impact on General Surgery (continued)

Impact on General Surgery (continued)

Impact on the Medtech Industry

Key Forecast Criteria

Scenario 1—Conservative Forecast

Scenario 1—Conservative Forecast (continued)

Scenario 1—Conservative Forecast Discussion

Scenario 2—Aspirational Forecast

Scenario 2—Aspirational Forecast (continued)

Scenario 2—Aspirational Forecast Discussion

Scenario 1—Conservative Forecast

Scenario 1—Conservative Forecast (continued)

Scenario 1—Conservative Forecast Discussion

Scenario 2—Aspirational Forecast

Scenario 2—Aspirational Forecast (continued)

Scenario 2—Aspirational Forecast Discussion

Scenario 1—Conservative Forecast

Scenario 1—Conservative Forecast (continued)

Scenario 1—Conservative Forecast Discussion

Scenario 2—Aspirational Forecast

Scenario 2—Aspirational Forecast (continued)

Scenario 2—Aspirational Forecast Discussion

Scenario 1—Conservative Forecast

Scenario 1—Conservative Forecast (continued)

Scenario 1—Conservative Forecast Discussion

Scenario 2—Aspirational Forecast

Scenario 2—Aspirational Forecast (continued)

Scenario 2—Aspirational Forecast Discussion

Scenario 1—Conservative Forecast

Scenario 1—Conservative Forecast (continued)

Scenario 2—Aspirational Forecast

Scenario 2—Aspirational Forecast (continued)

Forecast Discussion

Scenario 1—Conservative Forecast

Scenario 1—Conservative Forecast (continued)

Scenario 2—Aspirational Forecast

Scenario 2—Aspirational Forecast (continued)

Forecast Discussion

Scenario 1—Conservative Forecast

Scenario 1—Conservative Forecast (continued)

Scenario 2—Aspirational Forecast

Scenario 2—Aspirational Forecast (continued)

Forecast Discussion

Other Forecast Trends

Other Forecast Trends (continued)

Transformation in the Medical Device Industry Ecosystem

Medical Device Future Outlook

Growth Opportunity 1: Planning and Scheduling Solutions to Enable Faster and Agile Healthcare

Growth Opportunity 1: Planning and Scheduling Solutions to Enable Faster and Agile Healthcare (continued)

Growth Opportunity 2: Training for Precision Surgery

Growth Opportunity 2: Training for Precision Surgery (continued)

Growth Opportunity 3: Continued Increase in the Demand for Home Health Care Services

Growth Opportunity 3: Continued Increase in the Demand for Home Health Care Services (continued)

Growth Opportunity 4: Collaboration and Move Towards New-age Technology

Growth Opportunity 4: Collaboration and Move Towards New-age Technology (continued)

Growth Opportunity 5: Compatibility and Future-proofing of Healthcare Services

Growth Opportunity 5: Compatibility and Future-proofing of Healthcare Services (continued)

Companies to Action

Companies to Action (continued)

Key Conclusion and Future of Healthcare Services

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

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Related Research
The deferral of elective procedures due to pandemic-related measures has adversely affected the cardiovascular medical devices market. While some cardiovascular procedures are considered urgent, others have been rescheduled and deferred. Nearly 80% of all the orthopedic procedures performed in Europe are estimated to have been delayed, postponed, or canceled due to COVID-19, as they are considered to be elective and non-essential procedures. Traumas, amputations, and oncological procedures are considered to be the most essential. Dislocations and fractures, including hip, pelvis, and forearms, are only being considered for treatment in urgent cases. COVID-19 patient volumes are putting a strain on intensive care resources. Providers are witnessing a decrease in ambulatory care and elective surgeries, even as the infection is spreading in nursing homes. There is a surge in on-demand services. The market players in this ecosystem need to actively plan their product pipeline and come up with new innovation strategies to combat the major disruption in demand for 2020. Every state and local official has to assess the situation on the ground, as they will need to be able to screen patients and healthcare workers for the COVID-19 virus. Healthcare centers will need to make sure that patients feel safe when they come in to seek healthcare services by showing they have the appropriate sanitization processes in place and that they observe social distancing protocols inside the healthcare facilities. The study considers the following 2 scenarios for demand projection for the Western European region for selective markets within orthopedic, cardiac, and robotic-assisted devices till 2025: • Scenario 1: Conservative Scenario • Scenario 2: Aspirational Scenario The study focuses on providing a broad level overview of COVID-19's impact on the selective medical device market. Author: Bejoy Daniel
More Information
No Index No
Podcast No
Author Bejoy Daniel
Industries Healthcare
WIP Number MFDA-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9A48-B1,9A4B-B1