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Explore Odisha’s Cultural Gems with Tailored Tour Packages

Posted by Tandra on September 19, 2024 at 1:34am 0 Comments

Delve into Odisha’s spiritual and cultural richness with Odisha Tour Packages, offering a blend of heritage and natural beauty. Experience the sacred charm of Jagannath Temple with Puri Tour Packages. For a complete cultural journey,… Continue

The Top Lookah Dab Pens for Flavor and Efficiency

Posted by toplinkseo on September 19, 2024 at 1:29am 0 Comments

When it comes to vaping concentrates, flavor and efficiency are key factors that can significantly influence your experience. Lookah is renowned for its innovative dab pens that excel in both areas. If you’re searching for a dab pen that delivers exceptional flavor while maintaining efficient vaporization, Lookah offers several standout options. Here’s a look at…

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Expense Tracking Software

Posted by goldensun on September 19, 2024 at 1:19am 0 Comments

Streamline Your Finances with an Efficient Invoice Management System

In today's fast-paced business environment, managing expenses and invoices effectively is crucial for any organization. The right invoice management system simplifies tracking, recording, and reimbursing expenses, reducing manual efforts and human error. It not only helps in organizing financial data but also enhances overall transparency in your operations. With the right tools, like expense tracking software,…

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Hydrotherapy: A Holistic Approach for Dogs with Skin Issues — The Pets Workshop

Posted by The Pets Workshop on September 19, 2024 at 1:13am 0 Comments

Dogs with sensitive skin require special care to keep them comfortable and healthy. For these pets, a combination of tailored dog spa Singapore treatments can make all the difference in their well-being. Sensitive skin often reacts to common grooming products, harsh chemicals, or even the…

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Significant COVID-19 Impact on API Intermediate Market | Pharmaceuticals Industry | Data Bridge Market Research


COVID-19 Impact on API Intermediate Market in Pharmaceuticals Industry
Coronavirus (COVID-19) is a novel disease which was first originated in China, Wuhan and then spread worldwide due to which World Health Organization has declared it as a global pandemic. The novel strain of coronavirus belongs to the same virus family that causes the acute respiratory syndrome (SARS) and middle-east respiratory syndrome.

Due to rapid growth of Coronavirus, lockdown and quarantine was the government initiatives in order to control the coronavirus spread. Therefore, these initiatives have created an unpredictable effect on both human daily lives and on global economy along with that the global pandemic of COVID-19 is affecting the health and personal decision-making of people.

APIs are the effective ingredient present in the medicine, and even small amount of active ingredients known to produce effective result. The APIs are manufactured using the raw materials which are known as intermediates. The intermediates are the key products for carrying out the process of formulating the active pharmaceutical ingredients. API and the intermediate market is such a huge market and has a great application in the medical field there is a huge demand of close monitoring of manufacturing process. But due to continuous pandemic of COVID 19 and long term shut down has put an adverse effect on overall drug manufacturing companies. The governments of several countries have reported that there is huge scarcity of APIs and intermediates amid the COVID 19 pandemic. The reason behind that is the barrier across the countries border that has an ultimatum effect over the import and export facilities of medicinal product among others.

The effect of COVID-19 is different for every industries and their products. Mainly COVID19 affect the economy by three different ways:

By affecting the demand of product /services,
Affecting the price,
Affecting the supply chain.
Demand of various API intermediates product and raw material increased in the pandemic situation of COVID19 due to increase in more respiratory disorder and people investing more in healthcare.

TABLE 1: Sales Data of API intermediates for 2019/2020
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