Most of its current focus is on its near-term challenges.
Unlike other industries, the healthcare industry is set to face a surplus level of growth opportunities in establishments and niche segments alike.
This outbreak has also created lucrative opportunities for small and mid-size enterprises operating in the life science industry.
With an aim to deal with the present overly inflated prices and labels of “out of stock” of protective gears, thermometers, respirators, hand sanitizers, and surgical masks, the HSA has limited the import of such high demand goods for personal use.
Market Segmentation The healthcare industry has been dramatically impacted by the COVID-19 outbreak and covers different healthcare sectors such as healthcare facilities, medical devices/equipment, medical tourism, diagnostics, health insurance, pharmaceuticals, Healthcare IT, and technology.
Presently, there are two candidate vaccines under the Phase 1 clinical trial that is being developed by CanSino Biological Inc. with the Beijing Institute of Biotechnology & Moderna/NIAID.