Wednesday, June 9, 2021

Impact of COVID-19 on Healthcare Industry

The COVID-19 outbreak on Healthcare Industry has severely affected the healthcare ecosystem across the globe. The demand has been surging for essential healthcare equipment; however, the supply remained low. Countries are unable to meet the demand which has been surged owing to the increasing number of hospitalizations due to COVID-19.

Impact of COVID-19 On Healthcare Industry

According to a research published ‘‘The Economic Impact of the COVID-19 Pandemic on Radiology Practices’’ on April 15, 2020 on Radiological Society of North America, the net decrease in demand for non-COVID-19 related health care and concomitant capacity expansion are encouraging developments for the collective public health response.

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Different countries across the globe has witnessed huge decline in revenue over COVID-19 outbreak. In India alone, a drop of 80% patient visit was witnessed in private healthcare sector which is estimated to reduce around 60% in test volumes and revenue of the sector.

Different governments across the globe are taking initiatives to support healthcare industry amid COVID-19 outbreak. In the U.S., enforced USD 484 billion Paycheck Protection Program and Health Care Enhancement Act.

ToC of this Research Report at https://www.vynzresearch.com/healthcare/covid-19-outbreak-healthcare-industry/toc

The outbreak placed a huge burden on international health systems that were already straining to address AIDS, tuberculosis, malaria, and a host of other conditions. WHO had an established structure to coordinate international resources and personnel and thereby muster surge capacity to address such outbreaks. A key factor underlying the influence of SARS on public health, political, and economic systems was the infection of large numbers of health care workers. The impact of SARS felt most in the local health care systems of affected areas, where caregivers were frequently hospitalized due to infection.

Source: VynZ Research

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