New reports and surveillance tools from LSI are forecasting the impact of the Coronavirus pandemic on surgical procedures across elective and non-elective categories. HUNTINGTON BEACH, Calif.--( BUSINESS WIRE )-- Leading medtech market research firm Life Science Intelligence (LSI) has been tracking surgical procedure volumes across 37 countries for the last decade. The firm is seeing massive shifts in volumes occurring as a result of the Coronav
New reports and surveillance tools from LSI are forecasting the impact of the Coronavirus pandemic on surgical procedures across elective and non-elective categories.
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)-- Leading medtech market research firm Life Science Intelligence (LSI) has been tracking surgical procedure volumes across 37 countries for the last decade. The firm is seeing massive shifts in volumes occurring as a result of the Coronavirus pandemic. As a result, the company has released new forecasts for the US and Big-5 Europe in its new COVID-19 Impact Tracker Platform. The company reports that data from China, Japan, South Korea and several other key countries will also be released in the forthcoming weeks.
According to LSI CEO Scott Pantel, “This new tool was launched to support medical device & diagnostic executives as they navigate these challenging times. Our customers are trying to quantify the current impact to their markets so they can protect resources, and they are also preparing for the inevitable rebound so they can capitalize when the market turns. We’re here to give them independent, logical and thoroughly researched data so they can support their most critical decisions.”
According LSI’s most recent report for the US, “Surgical procedure volumes in the U.S. are experiencing a significant decline as a result of the COVID-19 pandemic, due to postponement or cancellation of elective procedures and, to a lesser degree, elimination of procedures that would have been performed on patients who die as a result of contracting COVID-19 disease. From 2019 to 2020, procedure volume is projected to decline substantially, followed by a major increase in 2021. The increase in 2021 is expected to result from the backlog of procedures postponed in 2020 which will add to the normal number of procedures estimated for 2021 in the absence of the COVID-19 pandemic. Not all of the procedures postponed in 2020 are expected to be recovered in 2021, since some patients who resort to alternative treatments (e.g., medical therapy, physical therapy) may decide to continue with those treatments and forgo surgery, although this trend will not occur for all types of procedures. In addition, it may be difficult for surgical services to accommodate such a large increase in volume, although the increase in comparison to 2021 procedure volume which is forecast to occur in absence of backlog procedures is only about 10%.”
These and other findings are detailed in the new reports from LSI. Procedures covered in the new series of reports include:
- Aesthetic, Dermatological, Plastic Procedures
- Punch Biopsies
- Shave Biopsies
- Incisional Biopsies
- Curettage, Electrocautery, and Electrocoagulation Lesion Destruction
- Photodestruction
- Cryotherapy-Based Lesion Destruction
- Lesion Removal Procedures: Traditional and Other
- Abdominoplasty
- Blepharoplasty
- Breast Augmentation
- Breast Lift
- Breast Reduction (Women)
- Buttock Augmentation
- Buttock Lift
- Cheek Implants
- Chin Augmentation
- Facelift
- Forehead Lift
- Gynecomastia Treatment
- Hair Transplantation
- Lip Augmentation (other than injectable materials)
- Liposuction
- Lower Body Lift
- Otoplasty
- Rhinoplasty
- Thigh Lift
- Upper Arm Lift
- Vaginal Rejuvenation
- Surgeries for Patients with Complete Cleft Lip and Palate
- Surgeries for Patients with Isolated Cleft Lip
- Surgeries for Patients with Isolated Cleft Palate
- Surgeries for Burn Injuries
- Cardiothoracic & Interventional Cardiology Procedures
- Off-Pump CABG
- On-Pump CABG
- Mitral Valve Replacements
- Aortic Valve Replacements
- Mitral Valve Repairs
- Aortic Valve Repairs
- Pulmonary Valve Replacements
- Pulmonary Valve Repairs
- Tricuspid Valve Operations
- Percutaneous Valvuloplasties
- Other Valve Procedures
- Ventricular Septal Defect Closures
- Patent Ductus Arteriosus Repairs
- Atrial Septal Defect Closures
- Repair of Tetralogy of Fallot
- Arterial Shunts Surgeries
- Atrioventricular Septal Defect Repairs
- Transposition of Great Artery Procedures
- Other Congenital Heart Disease Surgeries
- Aortic Aneurysm Procedures
- Other Cardiothoracic Surgeries
- Coronary Interventions Radial Approach
- Coronary Interventions Femoral Approach
- Conventional Pacemaker Procedures
- ICD Procedures
- Cardiac Resynchronization Procedures
- Combined Defibrillation/Resynchronization Device Procedures
- Cardiac Ablations
- Ear, Nose, Throat Procedures
- Panendoscopies
- Adenoidectomies w/o Tonsillectomy
- Tonsillectomies
- FESS
- Septoplasties
- Tracheostomies
- Ear Procedures
- Tongue Procedures
- Other Procedures
- General Surgery Procedures
- Laparoscopic Cholecystectomies
- Open Cholecystectomies
- Laparoscopic Appendectomies
- Open Appendectomies
- Laparoscopic Herniorrhaphies
- Open Herniorrhaphies
- Esophageal (Other Endoscopic)
- Stomach & Intestinal (Other Endoscopic)
- Colorectal (Other Endoscopic)
- Liver (Other Endoscopic)
- Gallbladder & Biliary (Other Endoscopic)
- Pancreatic (Other Endoscopic)
- Other (Other Endoscopic)
- Esophageal (Other General, non-Endoscopic)
- Stomach & Intestinal (Other General, non-Endoscopic)
- Colorectal (Other General, non-Endoscopic)
- Liver (Other General, non-Endoscopic)
- Gallbladder & Biliary (Other General, non-Endoscopic)
- Pancreatic (Other General, non-Endoscopic)
- Other (Other General, non-Endoscopic)
- Laparoscopic Bariatric
- Open Bariatric
- Neurosurgical Procedures
- Surgeries for Traumatic Brain Injuries
- New Shunt Placements
- Revision Shunt Surgeries
- Endoscopic Third Ventriculostomies
- Diagnostic Ventricular Endoscopies
- Vascular Lesion Surgeries
- Vascular Lesion Coil Procedures
- Open Pituitary Tumor Surgeries
- Endoscopic Pituitary Tumor Surgeries
- Open Intracranial Tumor Surgeries
- Endoscopic Intracranial Tumor Surgeries
- Cranioplasties, Duraplasties, and Combined Reconstructions
- Functional Neurosurgeries
- Obstetrics and Gynecological Procedures,
- Cesarean Sections
- Destructive Operations
- Episiotomies
- Other Obstetrical Surgeries
- Colposcopies
- Salpingo-Oophorectomies & Oophorectomies
- Abdominal Hysterectomies
- Vaginal Hysterectomies
- Breast Reconstruction Surgeries
- Breast-Conserving Surgeries
- Mastectomies
- Other Surgeries
- Ophthalmology Procedures
- Phacoemulsification Surgeries
- ICCE Surgeries
- ECCE Surgeries
- MSICS Surgeries
- Refractive & Other Surgeries
- Orthopedic Procedures
- Revision Hip Arthroplasties
- Primary Hip Arthroplasties - Partial Hip
- Primary Hip Arthroplasties - Total Hip
- Revision Knee Arthroplasties
- Primary Knee Arthroplasties - Partial Knee
- Primary Knee Arthroplasties - Total Knee
- Internal Fixation Procedures for the Upper Extremities
- Internal Fixations for Femoral Fractures
- Internal Fixations for Other Lower Extremity Fractures
- Knees (Arthroscopies)
- Shoulders (Arthroscopies)
- Ankles (Arthroscopies)
- Feet & Toes (Arthroscopies)
- Others (Arthroscopies)
- Shoulders (Arthroplasties)
- Hands & Wrists (Arthroplasties)
- Elbows (Arthroplasties)
- Feet & Toes (Arthroplasties)
- Ankles (Arthroplasties)
- Peripheral Vascular Procedures
- Carotid Artery Thrombectomies
- Upper Limb Artery Thrombectomies
- Iliac Artery Thrombectomies
- Renal Artery Thrombectomies
- Lower Limb Artery Thrombectomies
- Carotid Artery Angioplasties
- Upper Limb Artery Angioplasties
- Iliac Artery Angioplasties
- Renal Artery Angioplasties
- Lower Limb Artery Angioplasties
- Carotid Artery Bypasses
- Upper Limb Artery Bypasses
- Iliac Artery Bypasses
- Renal Artery Bypasses
- Aortofemoral and Aortobifemoral Bypasses
- Femoropopliteal Bypasses
- Femorotibeal Bypasses
- Other Lower Limb Bypasses
- Head, Neck, & Upper Limb Thrombectomies & Thromboendarterectomies
- Head, Neck, & Upper Limb Angioplasties
- Removals of the Saphenous Vein
- Removals of Other Veins of the Lower Limbs
- Spine Procedures
- Cervical Spine Decompressions
- Cervical Spine Discectomies
- Cervical Spine Fusions
- Cervical Spine Disc Replacements
- Thoracic Spine Decompressions
- Thoracic Spine Discectomies
- Thoracic Spine Fusions
- Instrumented Procedures for Deformities
- Lumbar Spine Decompressions
- Lumbar Spine Discectomies
- Lumbar Spine Fusions
- Insertion of Lumbar Interspinous Process Spacer
- Lumbar Spine Disc Replacements
- Vertebroplasties
- Kyphoplasties
- Facet Joint Denervations
- Stereotactic Radiosurgery Procedures
- Intracranial SRS Procedures
- Extracranial Spine Procedures
- Extracranial Lung Procedures
- Other Extracranial Procedures
- Urological Procedures
- Extra Corporeal Shock Wave Lithotripsy
- Percutaneous Nephro Lithotripsy
- Ureteroscopies
- Open Kidney Stone Procedures
- Transurethral Prostatectomies
- Other BPH Surgeries
- Prostatectomies
- Partial Nephrectomies
- Radical Nephrectomies
- Therapeutic Endoscopies
- Diagnostic Endoscopies
- Urethral Catheterizations of Bladder
About Life Science Intelligence (LSI)
LSI is a medical technology focused market intelligence & consulting company. We help medtech executives make informed strategic decisions by better understanding market dynamics, trends, opportunities and the competitive landscape
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Source: Life Science Intelligence