Mar 26, 2020

Microtechnology industry does not yet expect long-term damage from coronavirus pandemic

Mar 26, 2020

Representatives of the microtechnology industry at this point in time do not assume that the industry will suffer from the consequences of the coronavirus pandemic in the long term: 63 % currently do not expect any long-term effects that will have a lasting impact on the industry for several months or even years. 

Economic damage to microtechnology suppliers by Corona strongly depends on the user industry

Since a large proportion of microtechnology companies are suppliers and thus dependent on the business of the distributors, a possible decline in business strongly depends on the user industry. For example, the crises will affect suppliers to the automotive industry more severely than suppliers to the medical technology industry. Specialized or OEM suppliers could find themselves in a difficult situation, as they do not have much opportunity to take countermeasures. 

Source: Poll conducted by the IVAM Microtechnology Network on March 19, 2020 among its members based in Germany

Recommended articles

Aug 11, 2025

The presentations from this year’s COMPAMED Innovation Forum webinar, held online on June 5, 2025, are now being released step …

Aug 5, 2025

As of August 1, 2025, Bartels Mikrotechnik proudly welcomes Florian Siemenroth as Co-Managing Director. Together with Monika Kremer, he will …

Aug 1, 2025

Dr. Matthias Jahncke is the new Managing Director of HNP Mikrosysteme GmbH. He takes over from Dr. Thomas Weisener, who …

Recommended events

Sep 9 - 11, 2026
Manufacturing Processes for Medical Technology
Mar 24 - 26, 2026
Leading European trade fair for autonomous technologies & robotics. Present yourself at the new IVAM joint stand!
Feb 4 - 6, 2026
Discover the Future of Photonics with IVAM