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For our ancestors who didn’t have the benefit of a world map...

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For our ancestors who didn’t have the benefit of a world map...

Rizom - April,2018
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For our ancestors who didn’t have the benefit of a world map...

Rizom - April,2018
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For our ancestors who didn’t have the benefit of a world map...

Rizom - April,2018
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Priyanka Chavan 2020-04-07 02:38
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Emerging business sectors witnessing enhanced demand due to COVID-19

The COVID-19 epidemic and quarantine have changed the worldwide economy and lots of industries in only a few of weeks. The previous couple of weeks are a systemic shock for nearly every company within the world.COVID-19 has changed many aspects of our economic and social systems, leading to significant changes within the operations of companies round the globe. While many industries are negatively impacted by this COVID-19 pandemic, the challenges raised by it provide opportunities for a couple of industries that are seeing an increase in demand for his or her goods and/or services.

 

Below are a few areas where growth and investment opportunities lie.

1. Diagnostics

As the world fights the novel coronavirus outbreak, healthcare infrastructure and testing capacities have seen immense strain in efforts to stop community transmission. Testing capacities for SARS-CoV-2are inadequate worldwide, and different companies are engaged in providing support within the sort of training, technical assistance, and capacity building with an aim to enable access to accurate and high-quality diagnostics, microbiology tests, and screening for SARS-CoV-2.

 

2. Biologics Safety Testing Products

The molecular point-of-care test for the detection of COVID-19 are often used for rapid testing at the front lines. The test delivers fast leads to a good range of healthcare settings, like physicians’ offices, urgent care clinics, and hospital emergency departments. These testing products are valued by clinicians and therefore the scientific community for his or her high degree of accuracy. Portable molecular tests provide swift results for the qualitative detection of novel coronavirus infections.

 

3. Defense Equipment

During this pandemic, security companies, police departments, the military, and other entities are working hard to take care of law and order. While healthcare personnel take steps to arrest the spread of the deadly coronavirus, these professionals need security devices, firearms, ammunition, small arms, and similar equipment to stay the peace. it's been noted that sales for military devices round the world have increased.

 

4. Cybersecurity

As the novel coronavirus crisis continues to succeed in various geographical locations and affects the operations of their government and businesses, cybersecurity remains a key requirement. the utilization of electronic devices by businesses and government departments handling sensitive information is at an all-time high. At an equivalent time, there's a requirement for corporate assets to support remote working arrangements through the right deployment and configuration of remote services, corporate VPNs and two-factor authentication methods.

 

5. Home Delivery

The sudden rise recorded in demand for home delivery services are often attributed to several people staying indoors and practicing social distancing. The introduction of contactless delivery methods has ensured that these services are safe and convenient for patrons , delivery persons, and restaurants & related businesses. Providers like Deliveroo, Postmates, JustEat, Delivery Hero and UberEats have recorded a rise in demand for his or her services.

 

6. Biometrics

Facial &voice recognition and mobile biometrics still be implemented round the globe so as to support social distancing & work from home for the reduction of COVID-19 transmission. In such times, touching any public devices may threaten our very lives, creating a requirement for touch-free authentication methods. Advanced biometrics-based authentication solutions eliminate the necessity for physical contact with shared devices.

 

7. LEDs

Deep ultraviolet LED arrays are helping quell the coronavirus epidemic. Emitter array skill not only antibiotic-resistant germs like MRSA but also dangerous viruses like the novel coronavirus (SARS-CoV-2). This technology is employed to decontaminate doctors and support staff once they enter or leave isolation wards in their communicable disease protective clothing.

 

8. Over-the-counter Drugs

This pandemic has boosted demand for medicines including OTC and other common drugs. OTC drug development will help enhance and safeguard public health during this emergency.Demand for OTC medications has increased as retailers rush to refill medicines that help affect the symptoms of COVID-19.

 

9. E-commerce

As the COVID-19 pandemic initially spread, people began responding by stocking up essential goods. Such instances of ‘panic buying’ resulted during a boom for internet shopping sites and opened new opportunities for online retailers, supermarkets, grocery stores, order management solution providers, and other similar businesses. Medical supplies and household essentials are seeing increased sales via online mediums.

 

10. Personal Protective Equipment

Disposable masks for clinical or personal use are wearable air purification devices that cover the mouth and nose. These masks are an honest method for preventing the inhalation of airborne viruses, including the novel coronavirus.The demand for wearable air purification devices is predicted to rise substantially thanks to the present global pandemic.

 

11. Packaged Food

Many consumers are stocking abreast of packaged foods to be used during isolation. an increase has been recorded in demand for ready meals, processed foods, organic packaged foods, and prepacked foods. the security & preservation measures taken by packaged food manufactures ensures the prevention of foodborne illness and no matter long storage times.

 

12. Protective Gloves

As the novel coronavirus spreads round the world, demand for disposable gloves for private and clinical use has increased.Surgical gloves can help protect individuals from COVID-19, especially those that use public facilities or engage in activities that cause coming into contact with potential contamination. Many countries face a severe shortage of protective gloves thanks to a sudden spike in requirements during this crisis.

 

13. Logistics

The transportation of products remains authorized across jurisdictions worldwide. However, the pandemic has had an immediate impact on freight capacities, rates, speed of processing operations, and delivery times. The movement of products has stopped in many regions. to satisfy the demand for essential goods during this pandemic, the worldwide logistics industry must expand its infrastructure for trucking, warehousing, parcel delivery, fulfillment, pallets, transportation security, and related services.

 

14. Ventilators

As the coronavirus crisis accelerates globally, the planet needs more ventilators to fill the gaps in critical-stage healthcare. However, the assembly of ventilators is more complex than it seems to the layman, resulting in a scarcity of ventilators in hospitals immediately .A drastic shortage of ventilators remains an imminent threat in many parts of the planet . because the main symptoms ofCOVID-19 are respiratory, ventilators, spirometers, oxygen concentrators, and other breathing devices are needed to regulate the oxygen and airflow from the patient’s lungs.

 

15. Telehealth

With social distancing quickly becoming a crucial step within the fight against COVID-19, telehealth is increasingly being seen as a key technology for efficient and safe communications between clinical services and patients. With an important shortage of healthcare professionals in many parts of the planet and imbalances at the frontline of the COVID-19 epidemic response, telehealth can play an immediate role in managing demand for healthcare services worldwide. a rise are often seen in demand for electronic and online health services like telemonitoring, health apps, and healthcare software.

 

16. Vaccines

Several pharmaceutical companies are within the race to get a vaccine for COVID-19. These companies need information about virology, antivirals, data on the viral structure, virus removal and inactivation solutions, drug delivery and testing tools, and personnel to assist with licensing and related activities so as to make a vaccine which will reduce the morbidity and mortality of the disease. A vaccine might be a game-changer within the fight against COVID-19.

 

17. Videoconferencing

Companies have seen a sudden spike in demand for telecommunication solutions since the novel coronavirus began spreading globally. The sudden rise in teachers, corporate employees, and other professionals performing from house is driving demand for videoconferencing, online collaboration tools, WebRTC, Mobile VoIP, and chat systems. Lockdown orders across the world also are boosting demand for these solutions as companies rush to make sure minimal impact of the pandemic on their productivity.

 

18. Social Media

People are staying reception and have many time to consume digital content. As a result, more people are engaging with social media platforms like WhatsApp, Twitter, Facebook, and Instagram so as to remain connected with friends and family while in self-isolation. This has led to social media companies showing a big increase in worldwide usage.

 

19. Video on Demand

With people across the planet seeing lockdowns and social distancing measures take hold over their lives, home entertainment companies like Netflix and other video-streaming services, YouTube, online television, and videogames are seeing increased demand, especially by teenagers and young adults.

 

20. computer game

Virtual reality (VR) solutions allow users to ‘walk into’ anyplace, real or fictional, from the comfort of their home. VR and other new-age technology are seeing a pointy increase in demand during the COVID-19 outbreak. Companies providing VR solutions and related goods and services are speeding up their product lines thanks to unprecedented demand for computer game , augmented reality (AR), simulation, mobile augmented reality and mixed reality (MR) technology.



written by

written by

Priyanka Chavan

 

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