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J&J Remains Optimistic Despite 5% Decline In First-Quarter Device Sales

 
• By Reed Miller

The company expects the COVID-19 pandemic will cost its device businesses between $4bn and $7bn in revenue in 2020, as most non-urgent procedures are postponed.

SC2004_JNJ Sign_1524542537_1200.jpg
• Source: shutterstock.com

Johnson & Johnson expects its medical device businesses to begin recovering from the damage caused by the COVID-19 pandemic by the end of 2020.

Demand for many types of medical devices declined sharply in the first quarter as hospitals and clinics around the world...

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