Medical Ventilator Market Research Report -Forecast till 2030

Impact of Covid-19 Global Ventilators Market

Overview

The COVID-19 epidemic has been straining healthcare workflow across the globe. The disease has forced various industries to temporary shut its doors including many healthcare subdomains. Parallel to this, it has also had positive impact and increasing demand for various medical sectors including intensive care unit devices (beds, ventilators, etc.), healthcare personal protection equipment, and among others. Medical ventilator is one of the major devices that is used for the treatment of COVID-19. There has been tremendous increasing demand for medical ventilators, forcing various manufacturers to boost their production by 30-50%. It was estimated that in 2019, about 77,000 new ventilators were sufficient to meet the demand across the globe. Whereas in 2020 April, around 30,000 additional ventilators were required in the New York City itself. Various major players are pushing themselves for manufacturing and delivering as many possible ventilators across the world.

COMBATING COVID-19: Companies RAMP UP VENTILATOR MANUFACTURING

Philips

Philips one of the leading manufacturers of medical ventilators. On April 24th, the company announced its increase in production of hospital ventilators to 4,000 units/week by Q3 2020. Also, the company launched its new Philips Respironics E30 ventilator with an instantaneous production of 15,000 units/week. Furthermore, to strengthen its supply chain the company with its manufacturing partners including Flex Ltd., Jabil as well as other has expanded their hospital ventilator assembly lines.

Medtronic

On April 08th the company received approval for the use of PB560 in the United States through the agency’s Emergency Use Authorization (EUA) authority. The company is expected to increase its production five times more than current production. Earlier, the company used to ship more than 300 ventilators per week. Currently the company to fight against covid-19 is expected to increase the production from 300 to 700 ventilators per week, and it is targeting more than 1,000 ventilators per week by the end of June.  With this pace the company is expected to manufacture 25,000 ventilators in next six months.

AgVa Healthcare

An Indian company AgVa introduced a toaster size ventilator that costs around $ 2,000 whereas conventional ventilators, costs for more than $ 10,000. The company is expected to produce 40,000 units per month from 500 per month. The company is also planning to rise the production up to 160,000 units per month.

initiatives by Countries to boost Medical Ventilators

United States of America

The US is one of the major countries that has been impacted by COVID-19. There is huge need of medical ventilators across the country. According to The Wall Streets it is expected that the US is purchasing more than $2.5 billion in ventilators for coronavirus patients. To fill the shortage of medical ventilators, government have appealed various automotive companies to manufacturer and shipment of medical ventilators. Tesla one of the renowned automotive company has joined hands with various medical device companies for the shipment these ventilators.

The US government announced the initiation of hospital-led ventilator exchange program. The aim of this program in partnership with the American Hospital Association, is to utilize unused ventilators by sending them to hospitals in hot spots. Through this program it is expected that 60,000 unused ventilators would be available to people infected by COVID-19.

The US government and Philips collaborate to boost the production of ventilator to combat COVID-19 pandemic. According to Philips its is projected to deliver 43,000 units to the hot spot regions in the U.S. in the coming weeks and months by end of 2020. The company has contracted General Motors an automotive company to deliver 30,000 by the end of August.

The US Ventilators Production Growth

France

In France, various industry races to meet demand for ventilators across the country.  Medical gases specialists Air Liquide SA with Peugeot SA, Schneider Electric SE and Valeo SA have joined in a consortium to manufacture and deliver ventilators across the country. The collaboration of these companies is expected to produce about 10,000 ventilators by mid-May. The government of France is backing the initiative to the tune of $38 million.

Hôpital Cochin (hospital of public assistance) was able to produce 60 3D printers in order to manufacture medical equipment quickly and in large quantities to meet demand for equipment during this COVID-19 pandemic. This was mainly used to produce valves for emergency artificial ventilators

To boost the countries health state the French government will fund around $4.4 billion to purchase masks and ventilators

India

Although the numbers of infected in India still considered small and where a nationwide lockdown is in force. The Indian government is closely monitoring the issue regarding the shortage of ventilators. Several steps have been taken to ensure hospitals are well equipped and meet no shortage of ventilators for COVID-19 patients. To enhance the treatment, the Union government ordered for the purchase of 40,000 new ventilators.

The Indian governments requested various automotive companies to provide a helping hand for manufacturing and distributing of medical ventilators across the country. Indian companies like Maruti, Mahindra and Tata Motors have ramp up the production and distribution of ventilators across the country.