Medtronic sees hit to revenue as hospitals delay elective procedures
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United States - Medtronic Plc said on Tuesday its revenues across the world had plunged in recent weeks, as hospitals put off elective procedures that use its medical devices in order to save capacity to treat COVID-19 patients.
Weekly revenue from the United States declined about 60%, excluding bulk purchases, over the last few weeks, as hospitals focused their efforts on treating surging numbers of patients infected with the novel coronavirus, the world's largest standalone medical device maker said.
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