Report Code: A13342 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Cyanocobalamin Injection Market
Request Now !Wellbeing awareness among the populace has supported veganism, and the trend of vegetarian food enormously affects the socioeconomics. In the recent years, huge development has been witnessed in the veggie lover populace. However, increase in trend of veganism has elevated lack of specific nutrients, for example, nutrient B12 among veggie lover shoppers. To supplement the lack, cyanocobalamin is managed to meet the insufficiency of vitamin B12. Cyanocobalamin is the manufactured type of nutrient B12. The inadequacy of nutrient B12 is attributed to the way that unadulterated vegetarian items contain less measure of B12, which make veggie lovers more defenseless toward anemia, as nutrient B12 helps in the development of red platelets in the bone marrow. Cyanocobalamin is utilized to treat , noxious frailty (absence of a characteristic substance expected to ingest nutrient B12 from the digestive tract); certain sicknesses, diseases, or prescriptions that decline the measure of nutrient B12 consumed from food; or a veggie lover diet (severe vegan diet that does not permit any creature items, including dairy items and eggs).
COVID-19 Impact Analysis
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness a significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the global cyanocobalamin injection market.
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Cyanocobalamin Injection Market Report Highlights
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Key Market Players | Luitpold Pharmaceuticals, Bayer HealthCare, Endo International, American Regent, Inc., Johnlee Pharmaceuticals Pvt. Ltd.,, Merck, Pfizer, Bristol-Myers Squibb, Teva (Actavis), Hebei Huarong Pharmaceutical, WN Pharmaceuticals Ltd., Huaxin Pharmaceutical, Sanofi-Aventis, Mylan |
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