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COVID-19 Impact on Image Guided Surgery in Healthcare Industry
The rapid spread of COVID-19 around the world with over 16.3 million cases and over 6,49,000 deaths brings new challenges for the community. The Coronavirus disease (COVID-19) pandemic outbreak has influenced and inflicted millions of life. The Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2) virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East and Africa up to South America.
COVID-19 has been declared public health emergency of international concern (PHEIC) by the World Health Organization (WHO) due to its increased spread across the globe. The pandemic outbreak has engulfed most of the countries governments, national and international authorities have taken unprecedented measures in the order to limit the spread of this contagious virus.
The Coronavirus disease (COVID-19) pandemic has forced Governments to close borders, businesses, imposed isolation & lockdowns in the order to save lives and widespread closures in order to slow down the spread of the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2). Countries are facing a multi-layered crisis comprised of domestic economic disruptions, plummeting external demand, prices collapse and straining health systems.
Various efforts are taking place in the order to shift in spending patterns, behavioural changes (such as avoiding purchasing), the repercussions of the dramatic tightening in global image guided surgery market conditions, volatile commodity prices and increasing debt burdens. The Coronavirus disease crisis has impacted global economy and created economic recessions in serval countries around the world.
FIGURE 1 COVID-19 PANDEMIC IMPACT ON GLOBAL IMAGE GUIDED SURGERY MARKET, REGION LEVEL ANALYSIS (USD MILLION)
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