The pandemic will continue to boost the medical supply market as health systems expand their personal protective equipment stock, industry observers said. Providers are inking long-term contracts with PPE manufacturers as they stockpile supplies. They are asking for more American-made materials, which could garner government subsidies. PPE-intensive non-urgent procedures are ticking up after a year’s worth of deferrals and providers have doubled down on infection prevention. That will likely lift the revenue and outlook for PPE suppliers, said Patrick Finnegan, senior director at Fitch Ratings.
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Source: https://www.modernhealthcare.com/supply-chain/pandemic-propels-medical-supply-companies