How COVID-19 is Impacting the Medical Device Industry (.PDF Download)

Nov. 11, 2020
As they continue to work through the challenges brought on by the global pandemic, medtech companies are focusing on reducing risk and building resilience.

Few industries have escaped the global pandemic’s wrath, with some supply chains continuing to be impacted by this monumental event. According to a new survey from Supplyframe, COVID-19 has had a particularly big impact on the medical device industry (“medtech”), which is now focused on reducing risk, building resilience and improving data accuracy.

“The pandemic has challenged and changed the medical device supply chains and has caused backlash over the mismanagement from professionals,” Supplyframe points out in a press release. Based on this findings, the company expects a “gradual path to recovery for the medtech industry over the next 18 months.”