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- ECONOMIC IMPACT -
Latest update: 21 October
Many economists have cut their GDP forecasts. The 2020 consensus forecast for GDP growth is currently negative and many predict a recession.
World Trade Organization forecasts the volume of world merchandise trade to shrink by 9.2% in 2020, followed by an estimated rise of 7.2% in 2021.
IMF has revised its 2020 global GDP forecast to -4.4% from an estimate of -4.9% made in June.
Dun & Bradstreet believes the global economy is unlikely to reach pre-pandemic level output before 2022.
Impact of Covid-19 on equity indices
- SECTOR IMPACT: MEDICAL DEVICES -
Latest update: 02 November
Anesthesia and Respiratory Devices
According to a report from the National Audit Office in the UK, only around 2,150 mechanical ventilator units had been dispatched to the National Health Service by September.
The regional anesthesia disposables market was valued at $910m prior to Covid-19, and is expected to have a 10% decline in 2020.
wearable device market impact
Wearables are proven to be a great source of monitoring, collecting, and predicting Covid-19 symptoms without having a face-to-face appointment with a patient.
Wearables could include a variety of health trackers, including electrocardiogram, skin temperature, and electrodermal activity sensors that allow them to track various health-related statistics in real time.
This viable information can then be sent via the internet to a patient’s primary physician, keeping them informed and able to make accurate decisions about treatment without seeing the patient in person.
Although previously, wearable tech was mainly avoided by consumers due to high prices, rapid technological innovation has enabled decline in prices, making wearables more attractive to the average consumers. Therefore, consumers may be more willing to use remote patient care with wearable tech now than prior to the pandemic.
Key Medical device market developments