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Pharma and medical device companies in Germany have shifted into overdrive to help combat the coronavirus outbreak. While the pandemic continues to wreak havoc across the country, large and small corporations alike are engaged in developing strategic solutions to curb the spread of the virus. One of the key concerns that remain to be addressed is whether COVID-19 will exacerbate the existing drug shortage in Germany. In Germany, the supply chain for drugs is highly vulnerable. The situation has been such even before the breakout of the pandemic. Apart from this, Germany’s pharma and medical device industry are also battling with other major roadblocks including delays in clinical trials, barriers to accelerated digital transformation, and lengthy procedures for market access. According to experts at Infiniti, some of the key implications of the coronavirus outbreak on pharmaceutical and medical device companies in Germany include:
- Delay in clinical trials
- Barriers to accelerated digital transformation
- Lengthy market entry regulations for PPE
Gain more insights on how our market intelligence solutions can help pharmaceutical and medical device companies in Germany can measure the impact of coronavirus on their business and strategize to meet the changing market needs. Request a free proposal.
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