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Leading Pharmaceutical Companies to help from Global Pandemic
Within the light of ongoing disruption spurred by COVID-19, many organisations would need to adopt start up business models and philosophies for much better treating potential outbreaks from now on. Countries with enormous healthcare spending will probably make use of this pandemic. Companies are escalating the production of tests and therapeutics within the race to effectively identify and treat patients struggling with this highly communicable respiratory disease. Eventually, the business which successfully develops and launches vaccine for COVID-19 would cross the final line. However, a commercially viable vaccine continues to be 12-18 months away. Leading pharmaceutical organizations are receiving impetus from governments to accelerate the human trials of vaccine.

Besides, other businesses that are likely to take advantage of this pandemic are the type which produce ventilators, hospital beds, face masks, safety gears, along with other medical equipment. However, with numerous countries banning the export of medical equipment, the world supply chain has become severely affected. The domestic production conversely is constantly surge with several entrepreneurs offering to fabricate medical gears and equipment.

Hospitals Continue to be Overwhelmed with COVID-19 Patients
Hospitals would be the worst suffering from this pandemic. COVID-19 has gotten a tremendous toll on healthcare professionals, particularly in western world including Italy, Spain, France, and the Usa. Healthcare experts fear that developing countries might be for a passing fancy trajectory where the outcome may be worse even without the proper health infrastructure. Patients with existing conditions are experiencing delays in elective surgeries with doctors and nurses working non-stop to help remedy COVID-19 patients. Insufficient liquidity and administrative overload are causing delays in reimbursements as well. They are short-term consequences that your health care industry is witnessing.



Long-term Consequences of COVID-19: Reprioritization of Healthcare Agenda
In the next 6-12 months, major players will have to expand their capacities and divert most of their human and financial resources towards COVID-19 management. Funding will continue a serious constraint in the effective control over COVID-19, particularly making the vaccine accessible for the poorest in the poor. The actual pandemic has exposed critical shortcomings in healthcare infrastructure, during countries with world-class medical facilities. When the crisis subsides, countries will have to reprioritize their healthcare agenda. The near future reforms will probably be centred on cost, coverage, and quality of healthcare. With an increase of political support, medical industry probably will carve out major slice of resource share in future.

Digital Health: Way ahead for Healthcare
In the middle of current outbreak, digital wellness telehealth have taken a front seat. COVID-19 has reemphasized the value of remote diagnosis, consultation and treatment. Regulatory and behavioural obstacles happen to be slowing the growth of telehealth previously few years. However, with a lot of healthcare providers giving consultation over video conferencing and phone calls currently, the expansion of this segment will augment many folds within the next 2 yrs. The social distancing measures have mandated patients with mild symptoms to choose remote consultation. Further, it greatly decreases the burden on hospitals already swamped by many COVID-19 patients. The pandemic has led to major resource constraints. This may lead to continuing development of alternate pricing models and value-based pricing.

Preventive Healthcare System: Backbone of True Public Health
The repercussions of COVID-19 will probably be felt for quite some time in the future. The outbreak has stressed the requirement of detecting the onset of such pandemics beforehand and brace for impact. The under preparedness has cost 1000s of life and pushed the entire world economy into recession. Moreover, the security of frontline health workers is often a paramount couple of concern that may shape government policies in the future. Maintenance needs to be the first step toward effective healthcare systems. However, this transition will probably be complex, and should be accomplished in phases over the next few years. Health leaders emphasize that psychological and financial depletion of healthcare systems will probably escalate this transition. Preventive healthcare system will completely customize the way healthcare services are measured and delivered.

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