Surgery as We Know It May Never Be the Same after Covid-19 (MDDI Online)
Surgery volumes have rebounded faster than expected, but the process of having surgery in a post-pandemic world may never be the same.
Most medical device companies took a big hit on revenue during the height of COVID-19 as elective and non-emergency surgery came to a screeching halt in many geographical markets. During The Virtual MedTech Conference this week, hosted by AdvaMed, panelists weighed in on the recovery pace of procedure volumes, and offered up some predictions for what the future holds for surgery in a post-COVID world.
Moderator Monish Rajpal, managing director at LEK Consulting, laid the groundwork of the discussion by sharing some of his observations of surgery trends. Rajpal said procedure volume recovery began around June and July, which tracks with previous MD+DI reports. He said the recovery was brisk at first, quickly reaching about 80% of pre-COVID volume levels, with some variation by specialty, hospital size, and geography.
"That recovery appears to have gradually slowed down a bit, and we think that is being driven by a few factors," Rajpal said.
One factor he noted ...
