The year 2020 has been both devastating and energizing for the global MD&D industry as a whole. The COVID-19 pandemic, whose impact first shut down and then curtailed routine medical, hospital and surgical care around the world, delayed normal market growth which, even now, is threatened by a possible second, mutation-induced pandemic. Hardest hit have been companies that serve surgical markets and those dominated by office- and clinic-based services, e.g., aesthetics, hearing, dental. On the other hand, developers of IVD tests that diagnose the SARS-CoV-2 virus and manufacturers of infection control disposables, critical care and respiratory products have seen their revenues skyrocket to the point that some have been unable to keep up with demand. The result has been a roller coaster but mostly disappointing year for the industry, although MD&D companies can take comfort in the knowledge that they have not faced these hardships by themselves and, as an industry, have actually responded to the pandemic with great competence, ingenuity and care for their employees, patients, clinicians and stockholders.
Earlier in the year, we published reports providing insights into: 1) the anticipated impact of the COVID-19 pandemic on the global MD&D market by major technology; and 2) MD&D companies’ apparent exposure to the pandemic based on the composition of their product portfolios. The current report provides a wrap up of the year’s positives and negatives. It forecasts 2020 revenues for 50 of the largest MD&D companies by franchise as well as forecasts for nearly 100 technologies grouped into 23 segments for 2020 and 2021. We did not venture beyond 2021 except to comment in the text on how far full recovery for a technology market might stretch into that year.
This new report quantifies the impact that COVID-19 has had on the global MD&D market and forecasts how we expect the market to rebound, by segment and by competitor.
3M
Abbott Laboratories
AbbVie/Allergan plc
Alcon
Align Technology
Arthrex
Asahi Kasei
B. Braun Melsungen
Baxter International
Becton Dickinson
bioMerieux
Boston Scientific
Canon Medical Systems
Cardinal Health
Coloplast
ConvaTec
Cooper Companies
Danaher Corporation
Demant
Dentsply Sirona
Edwards Lifesciences
Elekta
Envista
Fresenius SE & Co. KGaA
FujiFilm
GE Healthcare
Getinge
Hillrom
Hologic
Intuitive Surgical
Johnson & Johnson
Medtronic
Mölnlycke
Nipro
Olympus Corporation
Philips Healthcare
ResMed
Roche Diagnostics
Siemens Healthineers
Smith & Nephew
Sonova
Steris
Straumann
Stryker
Sysmex
Teleflex
Terumo
Thermo Fisher Scientific
Varian Medical Systems
Zimmer-Biomet
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