Elective Surgical Procedures Postponed by COVID-19

Posted by Life Science Intelligence on Apr 17, 2020 4:50:27 PM
Find me on:

Leading medtech market research firm Life Science Intelligence (LSI) has been tracking surgical procedure volumes across 37 countries for the last decade. The firm is seeing massive shifts in volumes occurring as a result of the Coronavirus pandemic. As a result, the company has released new forecasts for the US and Big-5 Europe in its new COVID-19 Impact Tracker Platform. The company reports that data from China, Japan, South Korea and several other key countries will also be released in the forthcoming weeks.

This new tool was launched to support medical device & diagnostic executives as they navigate these challenging times. Our customers are trying to quantify the current impact to their markets so they can protect resources, and they are also preparing for the inevitable rebound so they can capitalize when the market turns. We’re here to give them independent, logical and thoroughly researched data so they can support their most critical decisions.

COVID-19 Impact Tracker

Surgical procedure volumes in the U.S. are experiencing a significant decline as a result of the COVID-19 pandemic, due to postponement or cancellation of elective procedures and, to a lesser degree, elimination of procedures that would have been performed on patients who die as a result of contracting COVID-19 disease. From 2019 to 2020, procedure volume is projected to decline substantially, followed by a major increase in 2021. The increase in 2021 is expected to result from the backlog of procedures postponed in 2020 which will add to the normal number of procedures estimated for 2021 in the absence of the COVID-19 pandemic. Not all of the procedures postponed in 2020 are expected to be recovered in 2021, since some patients who resort to alternative treatments (e.g., medical therapy, physical therapy) may decide to continue with those treatments and forgo surgery, although this trend will not occur for all types of procedures. In addition, it may be difficult for surgical services to accommodate such a large increase in volume, although the increase in comparison to 2021 procedure volume which is forecast to occur in absence of backlog procedures is only about 10%.

Learn more about this market intel tool here.

Stay connected with our latest posts:

About the Author

Life Science Intelligence (LSI) helps medtech executives make better strategic decisions by delivering unique market data and business insights. For over 13 years LSI has been working with industry giants – Johnson & Johnson, Medtronic, Abbott, Stryker, Cardinal, Boston Scientific, and Becton Dickinson, among others. LSI products are also leveraged by the most successful start-ups, innovators, investors, and service companies that compete in medtech. LSI is the organizer of The Emerging Medtech Summit held annually in Southern California.

Contact LSI here, via phone 714 847 3540, or email info@lsintel.com