COVID-19 Impact on the Healthcare Technology Market: Pointers from Q1 Financials

Steve Holloway headshot
Steve Holloway
Published: May 13, 2020 In The News

13th May 2020 – Written by Steve Holloway – Featured on HealthTech HotSpot – The ongoing COVID-19 global pandemic is having an enormous impact on the healthcare technology market. While it is too soon to offer a detailed impact analysis of how each product market will react, the substantial financial burden on healthcare providers is certain to reshape the industry in the coming months and years. For example, a recent report from the American Hospital Association (AHA) estimates a total four-month (March to June) financial impact of $202.6 billion in losses for America’s hospitals and health systems, or an average of $50.7 billion per month.