- ECONOMIC IMPACT -

Latest update: 6 April 

Many economists have cut their GDP forecasts. The 2020 consensus forecast for GDP growth is currently negative and many predict a recession.

Unemployment rates are expected to rise in all major economies. The International Labour Organization estimates 25 million job losses worldwide.

1.5% - 2.4%

The OECD's forecast for global growth in 2020, with some consensus estimates being far lower.

$2-3 trillion

Expected reduction in investments in the commodity-rich exporting nations, according to UNCTAD.

Impact of Covid-19 on asset prices

- SECTOR IMPACT: MEDICAL -

Latest update: 6 April 

Infectious disease market impact

As demand for diagnostic kits grows, GlobalData forecasts that polymerase chain reaction (PCR) systems will be one of the fastest-growing aspects that drive the infectious disease segment of the in-vitro diagnostics space.

$7.6bn   ->   $8.4bn

2019

2025

Expected growth of the infectious disease market at a compound annual growth rate (CAGR) of 2.2%

Respiratory devices market impact

4.8%

GlobalData’s forecast CAGR of the respiratory devices market 2019-2025, driven by an increase in patients requiring respiratory support in the short and long term.

Key mediCal market developments

Share this article