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SmartTRAK Life Sciences News and Analysis Blog

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COVID-19 Resurgence: The Effect on Deferred Procedures

10/26/20 10:30 AM

shutterstock_1683755050MedTech Strategist reported that In May of this year, the Deloitte Center for Health Solutions conducted "an online survey of 50 clinical and service line leaders at US provider organizations on their deferred procedures". With the return of elective procedures being integral to a comeback for the MedTech industry, the results of that survey suggest that the path to resuming these procedures is becoming more complicated.

According to the Deloitte survey, "Respondents expect the return to pre-COVID-19 productivity volumes to take two to six months, with three months the typical estimate. When asked to list their top concerns about resuming deferred procedures, providers say a second coronavirus outbreak is their biggest worry (82%)". It appears that their biggest fear, a COVID-19 resurgence, may be coming to pass.

The following is just a small sampling of recent updates regarding the Life Sciences industry's COVID-related delayed procedures and what an impact a resurgence may have. These updates are compiled, reviewed and posted in real-time by our SmartTRAK analysts, who are constantly monitoring the situation and sifting through the noise to present the most relevant news to our subscribers:

Reducing Number of Interventions

According to the NHS Confederation, some hospitals already started to reduce the non-urgent procedures in the UK due to the increasing COVID-19 related hospital admissions.

JNJ/DePuy Synthes Positive Read-Through for TJR

SmartTRAK expects DePuy Synthes* Q320 Hip and Knee results to be a positive read-through for continued recovery in the US market into Q420. However, w/ COVID-19 cases ramping up, analysts such as Needham’s Mike Matson warn there is still a risk of a “w-shaped” recovery.

Q420 EU Extremities May Mimic Q120

SmartTRAK analysts in Europe project Q420 EU Extremities market results could be similar to Q120 due to COVID-19 cases ramping up prompting lockdowns in various countries. Ireland and Wales are entering lockdowns this wk and hospitals in Switzerland and France are at capacity.

Rising COVID-19 Cases Affecting Stocks

Concerns over economic fallout from increased coronavirus outbreaks are affecting stocks WW. On Wed, a record 22 US states recorded > 1K new cases. Countries w/ rising cases that are imposing or considering new restrictions include Germany, France and England. Seeking Alpha

Europe COVID-19 Cases Expected to Affect Q220 Procedures

With COVID-19 cases ramping up in Europe prompting some countries such as Wales to enact temporary lockdowns, SmartTRAK expects to see a drop in non-urgent elective procedures including hip and knee replacements in Q420.

Zimmer Biomet announced the launch of a multimedia campaign “Don’t Let Pain Gain on You” to encourage pts who have delayed joint replacement surgery due to COVID-19 to speak w/ a healthcare professional about moving forward w/ their procedure.

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Belgian Hospitals "Worse than in March"

Belgian health officials report that COVID-19 hospitalizations are doubling every wk and that at the current rate ICU admissions could reach maximum capacity in mid-November. The Brussels Times

Essity reported that it has set a target to grow its Medical Solutions business above 3% this year. The company reported seeing improvement in underlying wound care growth due to hospitals recovering from COVID-19. ESSYY Q320 Earnings Call Transcript on Seeking Alpha

SmartTRAK projects the US Market for revision knee replacement will reach $1.11B by the end of 2024 w/ a 5-yr CAGR of 3.9% w/ near-term growth dampened by the COVID-19 pandemic. SmartTRAK Knee Replacement – US Market Overview

ZBH Survey Finds JR Pts Delayed Surgery due to Pandemic

A survey conducted for Zimmer Biomet found that 48% of joint replacement pts postponed treatment due to fears related to the COVID-19 pandemic and that 82% of pts who did have joint replacement during the pandemic felt safe doing so.

US Ortho Outpatient Office Visits Down -3%

The CommonWealth Fund’s latest report on US outpt care trends shows that for the week of Oct 4-10 total visits for orthopedics were down -3% compared to pre-COVID baselines and that 1% of ortho visits were telehealth. CommonWealthFund.org

SmartTRAK estimates Allergan was caught in the broad-based downturn in aesthetic surgeries due to COVID, backsliding -51.4% YoY to $45.2MM for Q220.

Europe Facing New Lockdowns & Pandemic Control Measures

As COVID-19 cases surge in Europe, governments are implementing new control measures including curfews, mask mandates and lockdowns in some countries such as Wales w/ a 2-wk lockdown starting Friday. Europe vastly increased testing compared to the start of the Pandemic. BBC.com

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SmartTRAK is a comprehensive, easy-to-use, business intelligence solution for the Life Sciences Industry that provides breaking updates on pertinent company news, potential treatments and guidance, international survey results, statistical analysis and impact by country, studies, trial results, financial impact and more. All subscribers receive a Daily Updates email containing the latest need-to-know news curated by our expert analysts. It's the perfect way to start your day! If you would like to see some of our past coverage and analysis regarding COVID-19 or request a demo to see all SmartTRAK has to offer, just click the button below.

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Thomas Wallick
Written by Thomas Wallick

30+ years’ experience in Consumer and Life Sciences Industry marketing including Orthopedics and Cardiology.

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