Currently viewing: International external environment / Next: Q&A with Mark Chapman, our CEO - International

International external environment

Macro-economic trends impacting our business

How we are responding

Downgrade of growth forecasts
  • Recession brought on by the COVID-19 pandemic
  • Downgrades to GDP growth forecasts in western Europe, UK and Poland
  • Ongoing uncertainty regarding the implications of Brexit
  • Maximising efficiencies
  • Ensuring technical excellence
  • Resuming growth initiatives once appropriate
Changes to exchange rates
  • Exposure to exchange rates
  • Volatile exchange rates affecting the procurement of medical equipment, as well as the conversion of earnings into our reporting currency
  • Capturing opportunities to enhance efficiencies
  • Strengthening relationships with suppliers
  • Sourcing products and services in the local currency
Industry challenges
  • Increased competition for patients and technology
  • Scarcity of skilled healthcare professionals
  • Differentiating service offerings
  • Improving cost efficiencies
  • Building long-term relationships with stakeholders
  • Engaging with global partners and universities
  • Developing training programmes to attract graduates
  • Enhancing our EVP
Increasing demand
  • Population growth
  • Increased life expectancy
  • Changing demographics
  • Rapid urbanisation
  • Increased prevalence of chronic health conditions
  • Investing in long-term, cost-effective solutions
  • Enhancing the quality of care
  • Improving patient experiences
Price pressures
  • Pressure from public and private funders to contain costs
  • Focusing on driving efficiencies
  • Effectively leveraging our resources
  • Strengthening relationships with stakeholders
COVID-19 outbreak
  • Lockdown restrictions imposed by governments across Europe
  • Self-isolation and social distancing guidelines of the various regions where we operate
  • Increases in patient cancellations and suspension of elective procedures
  • Increased focus on leveraging technology to deliver care to patients
  • Tailoring our COVID-19 response to country-specific requirements
  • Supporting governments
  • Responding to pent-up demand from COVID-19 backlog
  • Ensuring adequate PPE for employees and doctors

  Refer to Our response to COVID-19 for more information on our response to COVID-19.