Procedure Recovery May Be Slower than Expected, Survey Says

A consumer survey conducted by analysts at Needham & Co. sheds some light onto what the procedure recovery could look like in the United States as hospitals in many states have begun resuming elective procedures. "The results of the survey indicate that consumers remain hesitant about elective procedures with 26% indicating that they don't feel comfortable having an elective procedure until 2021 or later," said Mike Matson, a medtech analyst at Needham & Co. The firm surveyed 269 consumers across the United States on May 11 and May 12, however the analysts noted that the number of responses varied for each question because some respondents were directed to an additional set of questions depending on their answers to questions early in the survey. Matson said the survey results could imply a slower recovery in elective procedures than consensus expectations, which assume stabilization, if not a return to growth, by the fourth quarter of 2020. "While a majority of respondents are comfortable having an elective procedure in either [the second or third quarter], there is a substantial portion that want to wait until 2021 or later," Matson said. "When we asked respondents when would be the earliest they would feel comfortable returning to a healthcare setting for a potential elective medical or surgical procedure, the results were barbell shaped." Nearly one third of respondents (31%) said they would be comfortable having a p...
Source: MDDI - Category: Medical Devices Authors: Tags: Business COVID-19 Source Type: news