Medical Design Briefs - October 2022 - 4
'COVID Is Over' - Back to Reality for the Medtech Industry?
P
resident Biden says he believes the
COVID-19 pandemic is over, although
acknowledging that the virus is
still a problem that needs addressing.
As the pandemic gets farther behind
us, does that mean that the medtech
industry will return to a more normal
market?
" Amid the challenges of a global
pandemic, parts of the medtech sector
were positioned to reap some of
the spoils enjoyed by the big pharma
players. Huge demand for COVID assays
boosted revenues to previously
unanticipated heights and each new
wave and variant provided new opportunities
for innovation " notes a report
from market research firm Evaluate.
The report, " Medtech World Preview
2022: Back to Reality, " also suggests
that those days are gone - to the relief
of some in industry.
" As the pandemic recedes, albeit in
fits and starts, the demand for these assays
- which were often available free
of charge to the general public - has
inevitably crashed, leaving some players
blinking in the sunlight, wondering
if it was all a dream. For others,
though, the return to a more normal
market is a welcome relief as treatments
and surgeries that were halted
due to COVID beginning to ramp up
again, " the analysts say.
The analysts are predicting steady
growth through 2028. " Given the bear
market that the life sciences industry
has endured throughout 2022, 'steady
growth' will be music to many ears. Of
course, this growth varies by sector, with
highlights coming from diabetic care,
growing at 11 percent annually out to
2028; dental, growing at 12 percent; and
general and plastic surgery, growing at 13
percent.
The biggest player will be Medtronic,
but other players in the cardio sector
will have some interesting contributions
to this area as well, according to the report.
Medtronic is forecast to achieve
annual sales of $44.1 billion, representing
a 5.9 percent share of the medical
device market.
Although it is " shrinking slightly, " in
vitro diagnostics will remain the largest
device area in 2028 with annual sales
of $113.4 billion, giving it a 15 percent
share of the total medical device industry,
according to the report. " Notably,
this is a lower market share than it occupied
in 2021, since the COVID pandemic
spurred sales of diagnostics markedly
in 2020 and 2021; without those revenues,
this segment's share of the overall
market will shrink. "
Sherrie Trigg
Editor and Director of Medical Content
For a copy of the report, go to https://
tinyurl.com/Evaluate-Medtech-World2028.
4
www.medicaldesignbriefs.com
Medical
Design Briefs, October 2022
https://tinyurl.com/Evaluate-Medtech-World-2028
http://info.hotims.com/82326-756
http://www.medicaldesignbriefs.com
Medical Design Briefs - October 2022
Table of Contents for the Digital Edition of Medical Design Briefs - October 2022
Medical Design Briefs - October 2022 - CV1A
Medical Design Briefs - October 2022 - CV1B
Medical Design Briefs - October 2022 - Cov1
Medical Design Briefs - October 2022 - Cov2
Medical Design Briefs - October 2022 - 1
Medical Design Briefs - October 2022 - 2
Medical Design Briefs - October 2022 - 3
Medical Design Briefs - October 2022 - 4
Medical Design Briefs - October 2022 - 5
Medical Design Briefs - October 2022 - 6
Medical Design Briefs - October 2022 - 7
Medical Design Briefs - October 2022 - 8
Medical Design Briefs - October 2022 - 9
Medical Design Briefs - October 2022 - 10
Medical Design Briefs - October 2022 - 11
Medical Design Briefs - October 2022 - 12
Medical Design Briefs - October 2022 - 13
Medical Design Briefs - October 2022 - 14
Medical Design Briefs - October 2022 - 15
Medical Design Briefs - October 2022 - 16
Medical Design Briefs - October 2022 - 17
Medical Design Briefs - October 2022 - 18
Medical Design Briefs - October 2022 - 19
Medical Design Briefs - October 2022 - 20
Medical Design Briefs - October 2022 - 21
Medical Design Briefs - October 2022 - 22
Medical Design Briefs - October 2022 - 23
Medical Design Briefs - October 2022 - 24
Medical Design Briefs - October 2022 - 25
Medical Design Briefs - October 2022 - 26
Medical Design Briefs - October 2022 - 27
Medical Design Briefs - October 2022 - 28
Medical Design Briefs - October 2022 - 29
Medical Design Briefs - October 2022 - 30
Medical Design Briefs - October 2022 - 31
Medical Design Briefs - October 2022 - 32
Medical Design Briefs - October 2022 - 33
Medical Design Briefs - October 2022 - 34
Medical Design Briefs - October 2022 - 35
Medical Design Briefs - October 2022 - 36
Medical Design Briefs - October 2022 - 37
Medical Design Briefs - October 2022 - 38
Medical Design Briefs - October 2022 - 39
Medical Design Briefs - October 2022 - 40
Medical Design Briefs - October 2022 - 41
Medical Design Briefs - October 2022 - 42
Medical Design Briefs - October 2022 - 43
Medical Design Briefs - October 2022 - 44
Medical Design Briefs - October 2022 - 45
Medical Design Briefs - October 2022 - 46
Medical Design Briefs - October 2022 - 47
Medical Design Briefs - October 2022 - 48
Medical Design Briefs - October 2022 - Cov3
Medical Design Briefs - October 2022 - Cov4
https://www.nxtbook.com/smg/techbriefs/24MDB04
https://www.nxtbook.com/smg/techbriefs/24MDB03
https://www.nxtbook.com/smg/techbriefs/24MDB02
https://www.nxtbook.com/smg/techbriefs/24MDB01
https://www.nxtbook.com/smg/techbriefs/23MDB12
https://www.nxtbook.com/smg/techbriefs/23MDB11
https://www.nxtbook.com/smg/techbriefs/23MDB10
https://www.nxtbook.com/smg/techbriefs/23MDB09
https://www.nxtbook.com/smg/techbriefs/23MDB08
https://www.nxtbook.com/smg/techbriefs/23MDB07
https://www.nxtbook.com/smg/techbriefs/23MDB06
https://www.nxtbook.com/smg/techbriefs/23MDB05
https://www.nxtbook.com/smg/techbriefs/23MDB04
https://www.nxtbook.com/smg/techbriefs/23MDB03
https://www.nxtbook.com/smg/techbriefs/23MDB02
https://www.nxtbook.com/smg/techbriefs/23MDB01
https://www.nxtbook.com/smg/techbriefs/techleaders22
https://www.nxtbook.com/smg/techbriefs/22MDB12
https://www.nxtbook.com/smg/techbriefs/22MDB11
https://www.nxtbook.com/smg/techbriefs/22MDB10
https://www.nxtbook.com/smg/techbriefs/22MDB09
https://www.nxtbook.com/smg/techbriefs/22MDB08
https://www.nxtbook.com/smg/techbriefs/22MDB07
https://www.nxtbook.com/smg/techbriefs/22MDB06
https://www.nxtbook.com/smg/techbriefs/22MDB04
https://www.nxtbook.com/smg/techbriefs/techleaders21
https://www.nxtbook.com/smg/techbriefs/22MDB03
https://www.nxtbook.com/smg/techbriefs/22MDB02
https://www.nxtbook.com/smg/techbriefs/22MDB01
https://www.nxtbook.com/smg/techbriefs/21MDB12
https://www.nxtbook.com/smg/techbriefs/21MDB11
https://www.nxtbook.com/smg/techbriefs/21MDB10
https://www.nxtbook.com/smg/techbriefs/21MDB09
https://www.nxtbook.com/smg/techbriefs/21MDB08
https://www.nxtbook.com/smg/techbriefs/21MDB07
https://www.nxtbook.com/smg/techbriefs/21MDB06
https://www.nxtbook.com/smg/techbriefs/21MDB05
https://www.nxtbook.com/smg/techbriefs/21MDB04
https://www.nxtbook.com/smg/techbriefs/21MDB02
https://www.nxtbookmedia.com