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Impact of COVID-19 on Pharmaceuticals
1. Effective Communication
Impact of COVID-19 on
Pharmaceuticals
Prepared by:
BATCH: N1
114007 Kshitija Supekar
114006 Srija Sriram
114003 Sakshi Shrikhande
2. Sector
Overview
• US$1.3 trillion (2020)
Market Size
• 4.4 million people
Job Creation
• EXPORT: US$ 9.36 billion in 2019-20.
• IMPORT: 1773.27 US$ Million in 2019.
Pharmaceutical trade
• Germany (16.8%), Switzerland (12.2%),
Belgium (7.5%), France(7%)
•Key export destinations
• The global medical plastics market is
estimated to be USD 25.1 billion in 2020.
Market trends
3. Current and Potential impact on the sector
• The impact Covid-19 has created in China and the lockdown in India, United
States, and other countries, further increases the chances of shoot up in the
cost of raw materials and drugs.
• Many countries rely heavily on imports of their APIs from China. As a result of
COVID 19 lockdowns, production of APIs has slowed down resulting in less
availability and higher costs of the material.
• Digital health might be the next big thing as telemedicine / video
consultations, health-related videos and apps are gaining popularity.
• Supply and distribution of essential medicines, sanitizers, masks, gloves, etc.
are impacted. Also there is a slow down in production in raw materials and
ancillaries not reaching factories.
4. Current and Potential impact on the sector
• Meditation apps Calm and Headspace have released free digital offerings to
help people cope up with panic and anxiety.
• Generic drugs are most impacted. Supply from 2 months were managed
through available inventory.
• High export demand for certain products over the short term- as developed
countries look to stockpile medicines.
• The USFDA has made certain exceptions from import alert companies who
manufacture critical drugs.
• According to a recent survey, emergency care, anesthesia care, and pain
management drugs are the drugs which mostly get affected due to shortage.