How Bausch & Lomb Incorporated is dominating the Global Hyaluronidase Market value (USD Million) during the COVID pandemic

Hyaluronidase manufacturing units were closed due to severe outbreak of COVID-19 causing a stockpile of orders from the demand side. After resuming of work in manufacturing units, production capacity has been increased nearly to 100% to meet the overwhelming demand.

There is a current trend to shift towards manufacturing in more closed manufacturing platforms to avoid product contamination from the potentially infected operator with COVID-19 infection. In spite of instructions from country governments regarding manufacturing safety protocols, a large number of products for early phase studies are being manufactured in less-closed or more open platforms resulting in a severe risk of outbreak of COVID-19. This in all is expected to worsen the situation and manufacturing units across Europe may face strict lockdown further hampering the overall market growth.

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Outbreak of novel coronavirus disease became pandemic and has disastrously affected world economics. Effect of COVID-19 on the global economy is so huge that all the sectors are suffering backlash including pharmaceutical, cosmetics, and personal care sector. While suffering through the impact, many pharmaceutical and cosmetic industries are supporting regional governments to address the unmet COVID-19 needs, which has started putting financial burden on manufacturing industries.

COVID-19 impact on pharmaceutical and cosmetic sector starts right from disruption in research & development activities and goes till the very end of pharmaceutical products supply chain, which has severely hampered demand for hyaluronidase. Whether the supply chain is integral or outsourced, it is handling immense pressure. Supply of the pharmaceutical drugs and personal care products has narrowed down while the demand is burgeoning, creating a huge demand-supply gap.

Pharmaceutical sector always try to maintain natural market flow of pharmaceutical drugs and all other products, which has become a challenge in these tough pandemic times. Providing essential medicines at an affordable price is the current major challenge faced by these sectors even after lockdown has been lifted in most part of the world. VOCID-19 impact on all the application sectors of hyaluronidase including dermatology, chemotherapy, plastic surgery, and ophthalmology has severely further impacted global hyaluronidase market.

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