Report Code: A12469 | 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 Marine Derived Pharmaceuticals Market
Request Now !Unexplored marine life has recently been the field of interest to biotechnologists and pharmaceutical industries owing to the abundance of unexplored pharmacology technology and materials that can be used for drug delivery and development. Only a few of the previously discovered marine microorganisms have proven to be potential sources of therapeutics. Some of these include sponges, sea fans, and soft corals. Recently, specific developments have been made in labs around the world in search for potential marine technologies that can aid in the treatment of diseases such as cancer and HIV/AIDS.
COVID-19 Impact Analysis
Pharmaceutical and biotech companies together with the governments around the globe are working to address the COVID-19 outbreak, from vaccines development to medicine supply chain planning.. Approximately 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a significant increase in demand for the treatment of COVID-19. Such increase in demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are experiencing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to significantly grow in the future owing to the demand for COVID-19 vaccine and the treatment medicines.. This is expected to have a substantial impact on the marine derived pharmaceuticals market.
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Marine Derived Pharmaceuticals Market Report Highlights
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Key Market Players | Takeda Oncology’s Millennium, Abbvie Inc, GlaxoSmithKline PLC, Marine Polymer Technologies, Inc., Sanofi S.A., Aker BioMarine AS, Abbott Laboratories, Sea Run Holdings, Inc., Bayer Innovation, Aphios Corporation |
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