The Coronavirus’ Effect on the Health Care Industry

The Coronavirus outbreak caused havoc within many parts of the health care sector. Shortages of protection gear like face masks and rubber gloves arose. Coronavirus-specific treatment wards and intensive care units sprang up within hospitals, and many were quickly overwhelmed. Health systems could not return to somewhat normal operations until the spread of the Coronavirus had peaked, and hundreds of millions of people had been vaccinated. One lasting effect was the growing popularity of telemedicine.

The pandemic created immense demand for preventative vaccines, and also for treatment therapies for patients suffering from the virus. Billions of dollars were invested in research. With amazing speed, global demand and unprecedented levels of investment resulted in the production of a Coronavirus vaccine in less than 12 months. In the U.S., the Trump administration launched “Operation Warp Speed,” making an historic push to bring vaccines and therapies to market quickly, with a goal of having 300 million doses of vaccine ready by January 2021. Billions of federal dollars were made available for research and development at private companies. Manufacturing capabilities had to be boosted at the same time. Continuing mutations of the virus will keep Coronavirus research and vaccines at the forefront of the health care industry for an extended period.

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The Coronavirus’ Effect on the Health Care Industry, Business and Industry Trends Analysis

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