- ECONOMIC IMPACT -

Economists and institutions have cut their forecasts and experts are predicting the potential onset of recessionary environments.

Global companies are also concerned about the rising risk of Covid-19, with thousands of the world’s leading companies explicitly mentioning its impact on their business in their latest company filings.

-4.8%

HSBC revised its global economic growth forecast for 2020 to -4.8% in May from -3.3% in April.

$8.5tn

Global economic output will fall by $8.5tn over next two years, according to the United Nations World Economic Situation and Prospects.

Impact of Covid-19 on asset prices

- SECTOR IMPACT: MEDICAL -

As of 05 June 2020

Capnographs market impact

The capnographs market has had a sudden surge in 2020 due the rapid rise of COVID-19 cases globally. The market was valued at $520.1m before the pandemic, growing at a modest compound annual growth rate of 2.8%.

36,000  ->  48,000

2019

2020

Cancer Care Ontario reported that there were just over 36,000 CT scans done in Ontario between March 15 and May 10 of this year, compared to just over 48,000 during a similar time frame last year.

Respiratory devices market impact

4.1%

GlobalData’s forecast CAGR of the infusion systems market by 2025. The market is expected to reach $9.6bn in 2020.

Key mediCal market developments

Diagnostic imaging devices 

While diagnostic imaging such as chest radiographs, computed tomography scanning, and ultrasound is being increasingly used for COVID-19 patients as the pandemic continues, diagnostic imaging tests of other conditions are suffering. To make up for these losses, some regions around the world are beginning to ramp up their diagnostic imaging services.


Ear, nose and throat devices

The sale of over-the-counter devices such as hearing aids has been negatively hit by the COVID-19 crisis, which has seen non-essential businesses being closed. This has caused manufacturers and distributors to become more reliant on distance selling, such as through online sales. In many countries, lockdown restrictions are relaxing, allowing some businesses to reopen, subject to implementing the necessary distancing and employee-customer protective measures. These measures may affect the model on which these businesses operate by reducing customer footfall. In addition, customers might be reluctant to purchase hearing aids in the same way as before, and distance selling may remain for some time, and even increase.


Healthcare information technology

Wearable devices can play a vital role in early warning of COVID-19 infections by combining essential vital signs with clinical symptomology. GlobalData forecasts the wearable technology sector will grow to $54.4Bbn in 2023, expanding at a CAGR of 19%. Research has recently expanded into whether the extensive data that wearable devices collect can predict the onset of the virus.

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