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What COVID-19 Impacted on Blood Lancet in Healthcare Industry ?


Impact of COVID-19 on Blood Lancet in Healthcare Industry
The first case of the COVID-19 pandemic was found in Wuhan, China. This pandemic has influenced the whole planet with its significant impacts on the economy and businesses worldwide. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature. As a result, the most outstanding medical challenge in the 21st century is yet to face physicians worldwide. Though the emergence of the virus can be tracked back to Asia, many European countries and the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East and Africa up to South America. The COVID- 19 has been declared a pandemic by World Health Organization (WHO) due to its increased spread globally. After the pandemic declaration, various countries announced the complete lockdown such as the Russia, Europe and Asian countries, to decrease its spread. Regardless of the pandemic of COVID-19, the demand for blood lancets has increased in healthcare applications. Blood lancets are scalpel-type medical instruments with a double-edged blade used for various diseases for blood diagnosis procedures in hospitals, clinics and the home healthcare arena. According to the situation report of 11th May 2021 by World Health Organization (WHO) stated 157 million cases of coronavirus patients had been reported globally and 3.3 million patients are dead due to the coronavirus. America is leading in cumulative cases with a record of 64 million and 1.5 million death rates. At the same time, nearly 1.45 billion doses of COVID-19 vaccines have been administered globally. The outbreak of COVID-19 has a significant impact on the healthcare and supply chain of various medical devices and kits, including blood lancets.

IMPACT ON DEMAND

The COVID-19 pandemic has lifted the blood lancet market from its niche pedestal to the mainstream sector. However, even before the pandemic, blood lancets' demand was highly interested in rising chronic diseases such as diabetes, hyperlipidemia and more.
For instance,
· As per World Health Organization's (WHO) report released on 13th April 2021, the diabetes cases raised from 108 million to 422 million from 1980 to 2014, specifically higher in middle and low-income countries.
· In 2019, 1.5 million death rates were directly estimated for diabetes.
The rising research and technologies in the medical sector have made various types of blood lancets invade specific applications. These lancets are disposable, which surges its application for pain-free and safe blood diagnosis. This also minimizes the risk of blood transfusion and infection transmissions. The coronavirus pandemic has further increased the demand for blood lancets since COVID-19 can also be diagnosed using a blood test.
For instance,
· As per the 14th September 2020 published report of the U.K. Government, their coronavirus antibody test kits are delivered home for simple blood sample tests. The limited amount of blood can be drawn using finger-prick disposable blood lancets and provided to labs for 3-7 days results.
In the current scenario, coronavirus's rising transmission rate has made homecare and self-diagnosis kits and procedures highly prevailing in the market. Due to its disposable nature, painless and easy usability blood lancets are highly preferred by healthcare professionals in chronic infection diagnosis. Several companies operating in other domains are eager to enter. Some have already entered the landscape of the blood lancet market to increase their revenue by meeting the emergent need of diagnosis kits and blood tests for the virus infection. The demand is further rising in local clinics and small laboratories for blood sugar and lipid testing. Furthermore, the coronavirus lockdown and lack of hospital admissions for other chronic diseases as diabetes have boosted self-monitoring diagnostic procedures among patients. Since blood lancets an ideal device for self-diagnosis, this has increased the market demand to a greater extend.
The rising geriatric population and obese individuals, because of unsanitary food habits and lack of physical exercise, have increased chronic illness cases as diabetes on hype. The life-threatening diseases are compelled to be maintained and treated often, which raises the diagnosis requirements globally. Therefore, the affirmative factors boost the demand for blood lancets among patients.

PRICE IMPACT

The COVID-19 had a devastating impact on the global economy. The several establishments have to remain shut while others scale down the operations or put on hold expansion plans as they tried to survive the unprecedented crisis. However, the demand for blood lancets has been rising because of the increasing prevalence of diabetes patients and their routine self-care diagnostic management. Despite lockdowns and supply disruption crises during this pandemic, the companies manage online sales and delivery of blood lancets without the mandatory requirement of prescriptions. They are also maintaining fair prices owing to the high demand for blood lancets in the market.
For instance,
· Ever Ready First aid twist cap blood lancets of 500 counts per package costs USD 10.00, which is delivered home with high safety precautions.
· Apollo Pharmacy provides home delivery for blood lancets conveniently considering the product under the counter category.
The COVID-19 impact has not affected the price of blood lancets at a high level because of advanced online sales and innovative delivery options available with the utmost safety concerns.

IMPACT ON SUPPLY CHAIN

The COVID-19 has created a significant impact on the supply chain of the blood lancet market. The sudden attack of COVID-19 and its subsequent implications for restrictions on trade and movement of goods has resulted in a shutdown of vast countries globally, resulting in disrupted supply chains due to limited materials and workforce and slow down or stopping of manufacturing. Moreover, several manufacturing companies are retooling priority manufacturing to produce other essential medical supplies and equipment such as ventilators. But since the blood lancets are in high demand by various healthcare sectors, the supply chain is again gaining speed due to an increase in order from the consumers. The government allows the moments of transport vehicles to import and export the raw materials to produce lancets. 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. Therefore, manufacturers need to take necessary steps about production processes, shifting to other facilities if required, changes in quality assurance, costs and procedures related to screening workforce and offering of care if needed, changes in working hours and others to maintain their supply chain.
To minimize supply chain crises, the government has been firmly monitoring the supply chain to assume that the COVID-19 outbreak may adversely impact the supply chain of a medical product, including shortages of blood lancets for various healthcare sectors countries globally or potential disruptions in supply chains.
To manage such a crucial situation, many organizations are looking forward to improving and diversifying the supply chain model in all aspects.
For instance,
· Roche Diabetes Care has taken initiatives for uninterrupted Accu-Chek diabetes test kits and lancet products supply during this health crisis of COVID-19 lockdowns. They are supplying homes with their diabetes self-management lancets and lancing devices with online booking and free delivery without the requirement of prescriptions.
· They have also reported that the COVID-19 pandemic has not impacted their supply because of the robust manufacturing facility and evolving solutions.
The resulting COVID-19 pandemic has shown the various ways for supply chain management, which may be effective by innovative solutions initiated by the market players.

CONCLUSION

The impact of the novel COVID-19 virus is expected to leave a long-lasting effect on each healthcare sector. The outbreak of COVID-19 prompted citizens to deal with confusion regarding the virus and its management. The virus poses a risk to human life and has caused economic distress and severe emotional strain. In addition, it produced a ripple effect that gave rise to a new collection of requirements and needs that were not much needed earlier and the essential one being the blood lancets which is highly required in hospitals, clinics, labs and home healthcare setups.
It is estimated that the COVID-19 pandemic outbreak was having a positive impact on the growth of the blood lancet market owing to the requirement of self-diagnosis and management by numerous diabetic patients worldwide. Moreover, many international governments, including the U.S, Europe and Asia's healthcare organizations, have supported the supply of blood lancets and other diagnostic kits in the medical and home healthcare arena due to high priority and essential requirements for a crucial health crisis period. Many government bodies and significant market players are closely associated with chronic patients and healthcare professionals for better home care and self-diagnosis, considering the contagious nature of the virus and improvement of future economics with disposable blood lancets.
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For instance, Bevacizumab plus standard care markedly improves the oxygen ratios in COVID 19 patients and shows improvement in oxygen-support status, patients were discharged, and none of the patients have shown worsen oxygen-support status nor die. Also, the demand for cancer treatment products will be increased, and the products are upgraded by top importer countries like U.S., which have increased the sales and prices of the bevacizumab. For instance, The drug Avast in (bevacizumab) has been increased to $842 for a supply of 4 milliliters dose in 2020. Due to the increase in demand, the use of bevacizumab in the COVID treatment and increase in production and manufacturing expenses have contributed to product prices. IMPACT ON SUPPLY CHAIN The COVID-19 pandemic has transformed many organizations’ business environment; several problems, including export and travel ban by some producing countries and lockdowns that have caused producers to (temporarily) shut down, have disrupted supply access. Difficulties or delays in manufacturing, sales, or marketing; supply disruptions, shortages, or stock-outs at our facilities; and legal or regulatory actions all are caused due to the COVID 19 pandemic. But it does not affect the sales and supply of the drug bevacizumab that much because of the rise in new diagnoses or cancer and the efficiency of the drug in treating the COVID patients. These are some of the reasons which have maintained the supply of the drug throughout the year With the rise in demand and supply of the drugs, many manufacturing companies have launched their new products, which have increased their sales. For instance- · The sales of the drug MVASI (bevacizumab) from the manufacturing company Amgen Inc. have increased more than 20% in the U.S., which is USD 121 million in 2019 to USD 650 million in 2020 and for the rest of the world, drug sales increased from USD 6 million in 2019 to USD 142 million in 2020. This increase in the supply of the drug is with the increasing treatment for cancer. · Similarly, the sales of the global segment generics, which include biologics drugs such as bevacizumab of the company Dr. Reddy’s Laboratories Ltd, have also been increased from USD 1,858.27 million in 2019 to USD 2,079.96 million in 2020. This increase in sales is due to the increase in healthcare and Research & Development due to COVID 19. IMPACT ON DEMAND Coronavirus disease (COVID-19) is an infectious disease caused by a SARS-CoV-2 virus, while a large population is affected by this COVID-19 virus. Coronavirus disease 2019 (Covid-19) is an ongoing worldwide pandemic; nearly all the countries have taken initiative action under locked down and social distancing restriction. Reduction in cancer treatment across the globe has affected the demand for cancer treatment and their drugs like bevacizumab, especially in the first quarter, but after the second quarter of 2020, the demand for the drug has increased because of its Efficacy and tolerability of in patients with severe COVID-19. For Instance- Recent evidence revealed higher blood Vascular Endothelial Growth Factor (VEGF) levels in COVID-19 patients compared with healthy controls. VEGF is considered the most potent vascular permeability inducer. Numerous studies have revealed that VEGF was a key factor and a potential therapeutic target in ALI and ARDS. Bevacizumab, an anti-VEGF drug, approved by the FDA on February 26, 2004, and widely used in clinical oncotherapy, is a promising drug for ALI/ARDS in COVID-19 through suppression of pulmonary edema. Also, the increase in cancer patients and the rise in the demand for the treatment of various types of drugs have propelled the market demand and sales of major market players. For instance, · There is an increase in the sales of biosimilar drugs which includes bevacizumab, for major market players. For instance, the manufacturing company Pfizer Inc., the sales of biosimilar segment is increased from USD 1,527 million to USD 911 million with the increase in demand for the drugs in COVID patients and the cancer treatment. STRATEGIC DECISIONS FOR MANUFACTURERS A large population is affected by this COVID-19 virus, and its spread is expanding worldwide for the last few months. To deal with the COVID-19 outbreak challenges, many bevacizumab and biosimilar market players are creating new strategies. The company is now opting for digital media such as telecommunication, mobile applications, webinars, and other digital media to support patient requirements to tackle the pandemic situation and increase the company sales with the increasing demand and growth. Moreover, to accomplish the market demand, small market players are utilizing the partnership agreement strategy. It is predicted that these strategies are anticipated to escalate up the company revenue and its growth in the forecasted period. They have launched new products and formed strategic alliances with each other to carry on the supply during the pandemic. For instance- · In 2020, Amgen Inc. had advanced their innovative pipeline, successfully integrated MVASI, acquired in November 2019, a biosimilar to Avast in (bevacizumab), and has advanced their international expansion continued to provide an uninterrupted supply of their medicines globally through the COVID-19 pandemic · In May 2020, the Food and Drug Administration approved atezolizumab in combination with bevacizumab (TECENTRIQ and AVASTIN, Genentech Inc.) for patients with unrespectable or metastatic hepatocellular carcinoma who have not received prior systemic therapy CONCLUSION It can be concluded that the COVID-19 pandemic has a positive impact on the global bevacizumab market with the increase in the price, supply, and demand of the bevacizumab. However, in the crisis call, pharmaceutical market players, government bodies, and healthcare organizations work closely with healthcare professionals, customers, and patients for the betterment of public health and to fulfill the demand. However, companies and government bodies exclusively concentrate on how they can make the most effective and best contribution to control the spread of the virus and save lives. They are also ramping up the production of essential medication to a new level and ensure that speed doesn’t affect or destroy the quality of products.
What Impacted COVID-19 on Surgical Visualization Products ?
COVID-19 Impact on Surgical Visualization Products in Healthcare Industry The first case of the COVID-19 pandemic was found in Wuhan, China. This pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the greatest medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries and the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by WHO due to its increased spread across the globe. Various countries announced complete lockdown just after the declaration of COVID-19 as a pandemic, such as the U.S., India, Germany, and China, to protect them from spreading the disease. According to the weekly epidemiological report of 23rd August 2020 by WHO, a cumulative total of 23 million cases of Coronavirus have been reported globally, and 800,000 patients are dead due to the Coronavirus. Surgical visualization products are used to improve the quality of images of internal organs with greater resolution. They improve the surgical process and enhance communication between healthcare professionals, specialty clinics, and patients. 3D visualization technology’s incorporation in diagnostics has enabled easy inspection and visualization of organs in 360 views, thereby being the accurate and improved quality of surgery. Surgeons and healthcare professionals widely prefer surgical visualization to evaluate, inspect and treat internal organs from a distance from the target organs without incision. The rise in chronic diseases, advancement in surgical visualization, rising healthcare expenditure are acting as drivers for the global surgical visualization products market. The implications of COVID-19 have considerable influence on the surgical visualization products market. Various factors that indirectly influence the decline in medical surgery procedures include flight cancellations, travel bans, mass quarantine, growing panic among the population, and uncertainty about the future. IMPACT ON PRICE Delay associated with various types of limitations due to the pandemic faced by the manufacturers to fulfill the end product order, which has resulted in less availability of surgery devices in the market. The cost of available devices has increased with several factors. Also, due to the Coronavirus disease (COVID-19) pandemic, manufacturers are forced to find new contract manufacturers and suppliers to move manufacturing activities to different or new facility locations less impacted by the outbreak. If the COVID-19 continues to spread for prolonged period, then it is estimated that the demand for surgery devices will downgrade by top importer countries. Moreover, top surgical visualization product importers' countries such as the United States and Europe are primarily concentrating on dealing with Coronavirus (COVID-19); due to this reason, demand for these surgical visualization products are decreased from the United States followed by Italy. In current situations, the manufactures of surgical visualization products are facing difficulties with the existing component supplier or contract, manufacturers who are at risk or closed or not being able to fulfill supply requirements, due to challenges such as extended periods of shut down or workforce are responsible for price fluctuation of surgical visualization products. IMPACT ON DEMAND Coronavirus disease (COVID-19) is an infectious disease caused by a SARS-CoV-2 virus, while a large population is affected by this COVID-19 virus. Coronavirus disease (COVID-19) causes acute respiratory illness ranges from mild to severe pneumonia with respiratory failure. Nearly all the countries have taken initiative action under locked down and social distancing restrictions to minimize the spread of COVID-19. Sudden shrink took place in various surgeries due to affirmative restrictions. Reduction in surgeries across the globe is adversely affecting the on-demand of minimally invasive surgery devices. However, due to lockdown and social distancing restrictions, most of the patient pool prefers virtual visits through video calling or telehealth video visiting. In compliance with the Centers for Disease Control recommendations, the American College of Surgeons, the Brazilian Society of Plastic Surgery, and the American Society of Plastic Surgeons recommended postponing or canceling elective surgery. The goal of this recommendation is two-fold: first to minimize patient and visitor traffic in healthcare settings to reduce transmission between patients and healthcare workers and secondly, to preserve essential resources, especially hospital beds, critical care and ventilator supplies, and PPE critical to the safety of patients and healthcare professionals. Moreover, the decrease in the revenue of the key market players depicted in their quarterly results, such as Johnson & Johnson Services, Inc., among others, gave evidence of the decline in the demand for medical devices due to the emergence of the COVID-19 pandemic. For instance, · Johnson & Johnson Services, Inc., reported a decline of 10.5% in its medical devices net sales of the fourth quarter of 2020 compared to 2019. The reduction was largely motivated by the detrimental effects of the COVID-19 pandemic and the subsequent deferral to companies of medical procedures. IMPACT ON SUPPLY The COVID-19 pandemic has transformed various organizations’ business environments; supply availability has been hampered by many issues, including export and travel restrictions by some producing countries and lockdowns that have forced suppliers to (temporarily) shut down. Healthcare organizations have been firmly monitoring the supply chain with the assumption that the COVID-19 outbreak may adversely impact the supply chain of medical devices, including shortages of surgical visualization products or potential disruptions in its supply chains to minimize supply chain crises. For instance, · The Zimmer Biomet spine, dental and CMFT segment sales have a decrease of 10.3% and found a decline in total sales from USD 1,161.3 million in 2019 to USD 1,043.7 million in 2019. These decline in sales are due to disruption of the supply chain and change in the focus to COVID 19 Several organizations are looking forward to improving and diversifying supply chain models to manage such a crucial situation. A diversified supply chain model anticipated minimizing the export of medical devices and increasing end-to-end visibility. The resulting COVID-19 pandemic has shown the various ways for supply chain management, which may be effective within a remote working environment. STRATEGIC DECISIONS BY MANUFACTURERS A large pool of population affected by COVID-19 virus and spread been expanding across the world in the last few months. Various market players are creating new strategies to deal with the COVID-19 outbreak challenges. The companies are now opting for digital media such as telecommunication, mobile applications, webinars, and other digital media to support the patient required to tackle the pandemic situation and increase their revenue and growth. Moreover, to accomplish the market demand, small market players are utilizing the partnership agreement strategy. It is projected that these strategies are anticipated to escalate up the company revenue and its growth in the forecast period. For instance, · In September 2021, Smith & Nephew launched LENS 4K surgical imaging system, a state-of-the-art visualization platform designed for end-to-end 4K imaging, which has created a persistent revenue-generating path for the company. · In January 2016, CONMED Corporation completed the acquisition of privately-held SurgiQuest, Inc. This acquisition has strengthened company’s leadership in the market. Furthermore, for the economic recovery after the pandemic of COVID-19, the manufacturers of surgical visualization products have to adopt several types of strategic initiatives in terms of increasing R&D activities conduct numerous types of market surveys to know the current situation and mindset of consumers towards their need. The increasing R&D activities will help the manufacturers to launch the advanced equipment by knowing the advanced technology or need of the end user. CONCLUSION The market is expected to decline due to increased restrictions imposed by various governments leading to the closing of non-emergent healthcare facilities, including procedures such as surgery medical devices. The mass quarantined imposed by the government put a stop to transportation, international travel, among others which reduced the chances of such surgery. The market player has experienced decreasing customer demand for its products beginning in the second half of its first quarter of 2020. Thus, the COVID-19 pandemic has an adverse impact on the market, affecting the price, supply, and demand of surgical visualization products. However, in the crisis call, market players, government bodies, and healthcare organizations are working closely with healthcare professionals, customers, and patients to better public health. However, companies and government bodies exclusively concentrate on making the most effective and best contribution to control the spread of the virus and save lives. They are also ramping up the production of essential medication to a new level and ensuring that speed doesn’t affect or destroy the quality of products.
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Thương hiệu ngũ cốc nào mang lại nhiều công dụng cho phụ nữ?
Bạn đã sử dụng ngũ cốc dinh dưỡng bao giờ chưa? nếu có thì bạn đánh giá loại ngũ cốc nào có nhiều công dụng tốt cho sức khỏe chị em phụ nữ. Để giải đáp thắc mắc này trước tiên chúng ta cần biết thêm thông tin về sản phẩm ngũ cốc. Trên thị trường hiện nay có hàng nghìn sản phẩm ngũ cốc các loại khác nhau, ngũ cốc dinh dưỡng cho cả gia đình, ngũ cốc tăng cân, ngũ cốc giảm cân, ngũ cốc minmin cho bà bầu , ngũ cốc dành cho người tiểu đưỡng, ngũ cốc dành cho chị em phụ nữ sau sinh... Mỗi loại ngũ cốc sẽ có những thành phần các hạt thực vật khác nhau và cách chế biến cũng khác nhau cho nên công dụng đương nhiên là khác nhau rồi. Thương hiệu ngũ cốc Lạc Lạc là một trong những sp mang lại nhiều công dụng cho sức khỏe không chỉ cho mẹ sau sinh mà còn tốt cho bà bầu. Ngũ cốc Nhà Cừu có tốt không là câu hỏi cũng được nhiều bà mẹ hỏi trong tuần qua, đây là bột ngũ cốc lợi sữa có tác dụng bổ sung sinh dưỡng cho cơ thể. Bên cạnh đó, còn có những sản phẩm ngũ cốc lợi sữa, ngũ cốc dinh dưỡng chất lượng tốt , được kiểm định chặt chẽ về an toàn vệ sinh thực phẩm. bạn có thể tìm hiểu thêm các thông tin về ngũ cốc để đưa ra sự lựa chọn tốt nhất. Xem thêm bột ngũ cốc lợi sữa mới hiện nay https://thewingsviet.com/ngu-coc-loi-sua-viet-loc/