Netherlands Re-Export Market Blunts Covid-19 Shock To Medical Device Market

摘要

The Netherlands medical device market is expected to grow in the single-digit range over the 2020-2025 period, largely due to the ongoing Covid-19 pandemic and related economic contractions. The Dutch re-export market, with the aid of a weak US dollar, stunted the worst effects of Covid-19 on the medical device market. Political scandal and the Covid-19 crisis will provide more challenges to the incumbent WD party in the March 2021 election, and lead to Dutch political conflict having a greater impact on the medical device market. The Netherlands medical device market is expected to grow in the single-digit range in the 2020-2025 period. We recently revised down the 2020-2025 CAGR with regard to the euro for most product subsections in our Netherlands Medical Device report. This reflects several factors, such as the ongoing Covid-19 pandemic and its numerous effects. While the pandemic has had negative effects on the Dutch medical device market, its strong re-export market, supported by a weak US dollar and Covid-related purchases, has blunted the effects of contractions.