Impact of COVID-19 on Elective Procedures in the United States - Forecast to 2023: Growth Strategies to Navigate the Uncertainty Surrounding Elective Procedure Deferrals and their Impact
Dublin, Jan. 18, 2021 (GLOBE NEWSWIRE) -- The "Impact of COVID-19 on Elective Procedures in the US, 2020-2023" report has been added to ResearchAndMarkets.com's offering.
The study offers an overview of the impact of COVID-19 on select medical devices.
The deferral of elective procedures due to COVID-19-related measures has affected the cardiovascular medical device market. While some cardiovascular procedures are considered urgent, others have been rescheduled and deferred. Nearly 83.5% of all orthopedic procedures performed in the United States have been delayed, postponed, or canceled since the COVID-19 outbreak, as they are considered to be elective and non-essential. Traumas, amputations, and oncological procedures are the top essential procedures. Dislocations and fractures, including hip, pelvis, and forearms, are considered for treatment only in urgent cases.
The top 10 procedures account for 62.5% percent of the total volume and include knee, hip, and shoulder replacements and spinal fusion procedures. These surgeries are being delayed to prevent the spread of COVID-19 and spare the use of beds, ventilators, and equipment. Guidelines that are being modified to allow the resumption of clinical activities and reopening of facilities for elective surgery in multiple phases will have a direct effect on the short-term demand for select medical devices.
Although many hospitals and health systems have quickly set up telehealth services to address non-urgent medical issues, the reality is that not everything can be addressed by telehealth. Ecosystem participants have to actively plan their product pipeline and use innovative strategies to recoup the major disruption in 2020. By ensuring timely cleaning services and measures to observe social distancing, healthcare centers can make sure that patients feel safe when they come in to seek healthcare services.
The study considers a conservative scenario and an aspirational scenario for demand projection until 2025.
Key Topics Covered:
1. Impact of COVID-19
Scope of Analysis
Impact of COVID-19 on Elective Procedures
Impact of COVID-19 on the Healthcare Industry
Impact of COVID-19 on Surgical Caseload Trends
Impact of COVID-19 on CRM
Impact of COVID-19 on Orthopedic Surgery
Impact of COVID-19 on General Surgery
Impact of COVID-19 on the MedTech Industry
2. Growth Environment
Key Forecast Criteria
3. CRM
Scenario 1: Conservative Forecast Discussion
Scenario 2: Aspirational Forecast Discussion
4. PCI
Scenario 1: Conservative Forecast
Scenario 2: Aspirational Forecast
5. Structural Heart Market
Scenario 1: Conservative Forecast
Scenario 2: Aspirational Forecast
6. Joint Replacement
Scenario 1: Conservative Forecast
Scenario 2: Aspirational Forecast
Scenario 1: Conservative Forecast Discussion
7. Spinal Devices
Scenario 1: Conservative Forecast
Scenario 2: Aspirational Forecast
Forecast Discussion
8. RAS Devices
Scenario 1: Conservative Forecast
Scenario 2: Aspirational Forecast
Forecast Discussion
9. RASD Services
Scenario 1: Conservative Forecast
Scenario 2: Aspirational Forecast
Forecast Discussion
10. Other Forecast Trends
Medical Device Future Outlook
11. Growth Opportunities
Opportunity 1: Planning & Scheduling Solutions to Enable Faster and Agile Healthcare
Opportunity 2: Training for Precision Surgery
Opportunity 3: Medical Robots as Assist in Healthcare Settings
12. Companies to Action
13. Appendix: Growth Pipeline Engine
For more information about this report visit https://www.researchandmarkets.com/r/6nnqzy
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