Surgeons, device makers grow more confident in elective care comeback

Surgeons, device makers grow more confident in elective care comeback

Long medical hallway

“Medtech companies’ calls with investors following the first quarter offered some stark figures on the steep drop-off in elective procedures in light of COVID-19.

BD said its surgery revenues were down as much as 70% in April. Stryker, which estimated half of its business was vulnerable to deferrable procedures, projected a nearly 40% drop in April sales. At Boston Scientific and Smith & Nephew, that revenue cut was closer to 50%. Intuitive Surgical, one of the earliest major medtechs to report earnings, said da Vinci robot use fell 65% in late March.”

Sourced through Scoop.it from: www.medtechdive.com

Who We Are

Omnica Corporation is a privately-held design, engineering, and medical product development firm located in Irvine, California. The 28-person company is staffed with full-time employees and has been in operation since 1984. Our speciality is custom product development for the medical industry and industrial fields.

Our expertise is developing complex medical devices.Technical personnel at Omnica includes designers, mechanical engineers, electronic and software engineers, advanced R&D specialists, regulatory staff (for FDA documentation), machinists and model makers.

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