Impact of COVID-19 on Minimally Invasive Gastrointestinal Surgical Systems in Healthcare Industry
A recent SARS-CoV-2, virus has caused a general pandemic of respiratory disease, called COVID-19. The infection initially showed up in Wuhan, a city in China in December 2019. The patients experiencing COVID-19 are dealt with cautiously with all the safety measures since this sickness spreads quicker through actual contact.
There are now numerous vaccines in use. The first mass vaccination program commenced in early December 2020 and as of 15 February 2021, 175.3 million vaccine doses have been administered.
World Health Organization (WHO) issued an Emergency Use Listing (EULs) for the Pfizer COVID-19 vaccine (BNT162b2) on 31 December 2020, issued another two EULs for two versions of the AstraZeneca/Oxford COVID-19 vaccine, manufactured by the Serum Institute of India and SKBio on 15 February 2021. On 12 March 2021, WHO issued a EUL for the COVID-19 vaccine Ad26.COV2.S, developed by Janssen (Johnson & Johnson).
· As per the WHO report, globally, as of 16 May 2021, there have been 162,177,376 confirmed cases of COVID-19, including 3,364,178 deaths, reported to WHO. As of 11 May 2021, a total of 1,264,164,553 vaccine doses have been administered.
· As per the WHO report, In the United States of America, from 3 January 2020 to 16 May 2021, there have been 32,574,504 confirmed cases of COVID-19 with 579,664 deaths, reported to WHO. As of 6 May 2021, a total of 256,126,513 vaccine doses have been administered.
· As per the European Centre for Disease Prevention and Control as of week 2021-13, 27 513 674 COVID-19 active cases and, 627 242 deaths have been reported in the EU/EEA.
Even though immunization is found for COVID-19, safeguards incorporate incessant hand-wash, wearing a face veil, and keeping up social separating.
IMPACT ON DEMAND
Since the pandemic, due to the lockdown situation, the economic growth of a country is declining day by day. And the manufacturing units for various items shut down due to the non-availability of manpower.
There will be opportunities in the coming time for manufacturers of digital health technologies to position themselves for the COVID-19 recovery. When COVID-19 responses ease, there will be an excess of elective surgery procedures in emergency clinics. The pre-appointment programs can help smooth out the planning, arrangement, and conveyance of the surgeons and the doctors.
Cloud-based stages have an extraordinary preferred position in permitting the clinician and their representatives to design cases distantly while travel and medical clinic access limitations are set up. With the careful plans and embeds chose early, embed providers and emergency clinics have the chance to enhance their stock and creation (on account of patient-explicit custom parts) to effectively address the accumulation of cases once the circumstance permits.
IMPACT ON SUPPLY
Because of the pertinacious COVID-19 lockdown, sanctions have been forced by administrations of different nations. These limitations and boundaries across the nation’s borders prompted a diminishing stockpile because of restricted materials and labor force and the halting of the assembly line.
Additionally, the manufacturers are also taking crucial steps to ensure the availability of raw materials by and also they have to look into the quality of products. But since the demand is increasing day by day, so as to meet the demand the major manufacturing and suppliers are collaborating with each other’s to ensure the supply of raw materials.
AFTERMATH OF COVID-19 AND GOVERNMENT ROLE
Minimally invasive techniques have revolutionized operative surgery. Computer-aided surgery and robotic surgical systems aim to ameliorate further on currently accessible minimally invasive surgery and open new horizons.
In gastrointestinal surgery, robotic surgery is applied to a wide range of procedures but is still in its infancy. Most studies reported that robotic gastrointestinal surgery is workable and safe, provides improved dexterity, better visualization, reduced fatigue, and high levels of precision when compared to conventional laparoscopic surgery.
In light of the fiery impacts of the infection, there are hypothetical dangers that the viral contamination could delay the wound healing of the patients as there have been limited visits to the hospitals due to the lockdown imposed by the government in different countries.
STRATEGIC DECISIONS OF GOVERNMENT AND MANUFACTURERS
The key players engaged in global wound healing manufacturing are making improvements to keep the speed during COVID-19. They are taking every single choice cautiously so the development can be expanded on a consistent schedule for the market. The manufacturers are likewise giving a great deal of consideration in the improvement of inventive items that can be utilized for the attractive impacts. Organizations working in the minimally invasive gastrointestinal surgical systems market are embracing a few systems, including joint effort, arrangements, association, and market development to improve their business. These essential choices by the organizations are required to give huge occasions to the market players working in the minimally invasive gastrointestinal surgical systems market.
· In December 2020, Johnson & Johnson Services Inc, participated in the 39th annual J.P. Morgan Healthcare Conference. This helped the company to give the correct knowledge about their product and would help the company to further grow in the coming years.
IMPACT ON PRICE
Because of COVID-19, the market is upset to a major level, the few foundations need to stay shut while others downsize the activities or put on pause extension plans as they attempted to endure the uncommon emergency.
The current COVID-19 episode has influenced essentially every industry on earth, and the minimally invasive gastrointestinal surgical systems market is no exemption. There has been a tremendous and sudden lessening in the volume of elective joint substitutions worldwide as wellbeing situation legitimately organize their COVID-19 reaction.
Now, as the demand for telehealth innovation is turning out to be very demanding by a human being, and this will make the market more competitive due to new and more innovative equipment that will be launched by the makers, by decreasing the overall cost of the new and innovative minimally invasive gastrointestinal surgical systems and solutions.
There are no data on the safety, immunogenicity, or effectiveness regarding the treatment of inpatients with wound infections along with mild COVID-19 symptoms. The supply chain units are taking stringent measures and risk mitigation protocols to provide the devices to the manufacturers to the customer. The presence of key market players for the development and launch of the MIS gastrointestinal systems will increase the net sales and may show a surplus growth in the market.
Local manufactures are now adopting new and better characteristics to create an enormous measure of muscular embeds to address the issue in coming fates and also the government is helping to defeat all the difficulties that are been faced in the creation of implants. It is estimated that the COVID-19 pandemic outbreak having a negative impact on the growth of the global minimally invasive gastrointestinal surgical systems market.
The growing prevalence of chronic diseases has necessitated the need for a stable healthcare network and adequate emergency medical services (EMS). However certain challenges in Research and Development, loss of patent of the devices may hamper the market growth.
In fact, a 60–80% decline in elective procedures in the second quarter of 2020 for Europe and the United States, with an additional 40–50 percent decline in the third quarter is estimated. However, post-pandemic the demand for the minimally invasive gastrointestinal systems will surge exponentially as a result of increased demand for contactless procedure facilities. Moreover, the wider adoption of these systems is expected to increase in order to meet the rising demand for surgical procedures across the globe along with overcoming the shortage of healthcare professionals to perform such surgeries. In the wake of the pandemic, current industry players with a substantial market share which consumed cash-rich and have good management teams would prosper. Making the correct actions would enable businesses to demonstrate preparation and offer end-users reliability.