One thing is likely to hurt some medtech companies more than others during the coronavirus pandemic: an elective surgical procedure slowdown.
This thought had begun to emerge last week among industry watchers, but a pair of tweets over the weekend gained thousands of “likes” and retweets. The American College of Surgeons called for hospitals to “minimize, postpone or cancel” elective procedures until the coronavirus (COVID-19) outbreak slows down. U.S. Surgeon General Jerome Adams echoed that call with a tweet of his own.
Elective surgeries in hard-hit China and Italy plummeted by 85% to 90% in