Covidien-19 pandemics of Turkey and the resulting impact on world health sector forecasts for 2021 and EY (Ernst & Young) organized online by Turkey's Health SohbetIt was evaluated together with the industry leader in the Advanced Meeting.
International consulting and auditing company EY (Ernst & Young), the fifth organized by Turkey's Health Sohbets Meeting, Turkey once again brought together the most prominent leader of the health sector. Nearly 20 senior executives representing local and international healthcare, pharmaceutical and medical technology institutions attended the meeting held online. Covidien-19 pandemics of Turkey and their impact on global health sector in the year 2021 in conjunction with the meeting of the projections; Current issues such as the latest situation in the epidemic, vaccination studies, tele-health services, new business models in the health sector, supply chains, the latest health technologies and investment activities were discussed.
There will be a wave of vaccine demand in the next 100 days
At the meeting, where the effects of the political developments in the USA on the health sector, especially in the fields of biotechnology, medicine and medical devices, and vaccination studies were evaluated; It was stated that there was a leadership gap in the management and control of Covid-19 in the US health sector. It was emphasized that as a result of this, there was an increase in new cases and irregularities in vaccine distribution. However, it was stated that the new team established by the US President John Biden to control the pandemic could support positive results. On the other hand, due to the demand of the materials consumed during the vaccination process, II. When the Defense Production Law, which entered into force after the World War II, comes back to the agenda in the USA, it is predicted that the country will encourage production from local brands, especially for medical devices. While it is stated that the impact of the law in the world is still uncertain, it is expected that there will be a wave of vaccine demand in the next 100 days with the commitment to make 100 million vaccines.
Capital investments and M & As may increase in the second half of the year
If the planned vaccination schedule in the USA continues without interruption, it is thought that an economic recovery can be seen in the country in the second half of the year starting from May-June. In line with the expectation that there will be no change in the policies of the Federal Reserve in the short term, it is predicted that health sector investors and managers will increase capital investments, business mergers and acquisitions (M&A) transactions from the second half of 2021. However, it is stated that the approval of 2020 new molecules by the US Food and Drug Administration (FDA) in 53 indicates that innovative inventions will continue, especially in biotechnology.
It may take years to vaccinate everyone if the vaccination process is not accelerated.
Underlining that vaccination is progressing at different speeds across the world and this situation creates uncertainty in the short term, EY USA Company Partner and USA, Canada and Latin America Health and Life Sciences Markets Leader Arda Ural said: “Some countries such as Canada and the UK have two or three populations. provided enough vaccine to cover the floor. However, these countries will not be enough to protect their citizens individually under the conditions of the global pandemic. Once international trade and travel begins, this inequality will not prevent local epidemics from ending. As of January, 51 million doses of vaccine have been distributed in 54 countries. Even in the USA, 1 million people can be vaccinated a day. It will take years to vaccinate everyone in the world at the current pace and achieve herd immunity. Therefore, it is necessary to go much differently in terms of speed. Countries that cannot provide enough vaccines will also need to reach the same supply levels. The question arises whether countries that have purchased more vaccines than their population can donate excess vaccines after their vaccination is over. Authorities do not expect this, because there is no scientific information yet on the frequency and timing of the next vaccines. For this reason, it is thought that countries with excess vaccines will keep their vaccine reserves. There are many unknowns at this stage. Especially the rapid prevalence of new mutations originating from South Africa and Brazil is an important reason for increasing the vaccination rate. "
New job opportunities will arise in the health sector
EY Turkey Health & Life Sciences Industry Leader, EY Central, Southern and Eastern Europe Health Sector Senior Consultant T. Ufuk Eren, "data US Department of Labor, the potential will be in terms of job opportunities in the years 2019-2029 indicates that issues related to the health of the half. The new important business areas to be formed; We see that it is related to healthcare fields such as home health care and nursing, medical assistantship and health management. EY as in Turkey in this context we are also in health leadership and governance, health information systems, health financing, health is following developments in areas such as human resources and health tourism; We make use of the opportunities in these areas in a way that will benefit both society and our institutions. Digitalization in healthcare has been a rising trend in 2020. With Covid-19, digital monitoring systems emerged and there was a significant increase in digital health investments. The highest digital health investment was realized as 2018 billion dollars in 8,1. At the end of the 2020rd quarter in the last 3, this figure broke a record with 9,4 billion dollars. The most important effect of this was that the solutions created due to the pandemic and the pandemic turned into investments. Another important issue is the introduction of tele-health into our lives. Tele-health solutions will continue to spread as they become more useful for patients and doctors and as more suitable platforms emerge. Health began to become democratized with digitalization. Companies have begun to produce location-independent solutions from fitness monitors to microbiome tests at home, ”he said.
The nationalization of data and the harmonization process of companies are important in the sector agenda. kazanis working
EY Turkey Partner, Health and Life Sciences Industry Leader Atty. Ahmet Sağlı said, “As the number of hospital visits for chronic diseases decreased with the pandemic in 2020, there was an inevitable contraction in the private hospital market in Turkey. In the pharmaceutical sector, although there are contractions on the basis of box volume, we still see a growth. When we look at the developments in the field of digitalization and protection of personal data in the sector, we observe that the work continues rapidly in Turkey. The speed of digitization kazanAs a result of the increase in the number of companies in the pharmaceutical and health sector in the second half of 2021, the interest in M&A will increase, especially as the dynamic structure and opportunities in the health sector attract the attention of technology companies. On the other hand, there was a serious decline in health tourism at the beginning of 2020, but the Ministry of Health has some investments and targets in this regard. With the intensification of vaccination after 2021, health tourism becomes important again locally. kazanwill ache. The Ministry of Health targets 2023 million tourists and 1,5 billion dollars income in 10. We believe that this goal regarding health tourism will be achieved. Data localization or nationalization of data in Turkey and the harmonization process of companies on this issue are important in the health sector agenda. kazanhe's eating. 2021 will be a year when the new normal will affect the health sector, the players in the health sector will change and the market will be shaped according to the new normal. We think that 2021 will be a very dynamic year in the healthcare industry in terms of both acquisitions and organizational and logistics restructurings.”