US sick map
Read - Early TRENDS in the new COVID orthopedic world
How will COVID effect the US orthopedic industry?
Short Answer: There will be a temporary economic downturn followed by a boom. Meanwhile there will be a big disruption to how we all work, with some permanent changes.
The Math
People don't understand exponential math or log scales. Based on algorithms, the coronavirus will reach half of the people in the US this year. It is doubling every 3 days in the US. It is very contagious and it has a long incubation period so people who feel great can spread it unknowingly. Most models predict a peak deaths in the US in late April.
Here is a quick video lesson on viruses and exponential math.
Business Impact
REDUCTION IN WORKFORCE - Elective surgeries are being postponed indefinitely across the globe. Many Orthopedic companies have proactively planned for their worst case scenarios and reset their expense line to protect employees, customers and investors. Companies who want to cut payroll expenses will use one of three tools - layoffs, furloughs and salary reductions (usually 20% salary reductions). Read - The early COVID impact on Orthopedics companies
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