As the US is facing a significant problem to manage the COVID-19 crisis, the demand for ventilators has emerged in the country. As per the Worldometer, on 27th April 2020, the new incidences of COVID-19 were 23,196 and 1,384 deaths reported. This growing number of coronavirus incidences has a significant impact on the US healthcare system. This resulting in the emerging demand for testing kits and essential medical equipment in the country. Ventilators have a remarkable demand in the country to support COVID-19 patients to breathe easier. However, the country has been facing a critical shortage of ventilators due to the emerging number of coronavirus cases. In April 2020, New York City, US alone estimates arequirement of 30,000 additional ventilators. As a result, the US government is working to meet the current demand for ventilators and asked ventilator manufacturers to increase the production capacity of ventilators. As per the World Economic Forum, the US ventilator production growth is expected to reach 5,000-7,000 per week. The OMR report titled “Impact of COVID-19 on the US Ventilator Industry” has provided the pre and post COVID-19 industry size along with the analysis of segments. Multiple authentic sources and company statements are used to properly estimate the effect of the outbreak on the US ventilator industry and values are derived accordingly.
Partnership between automobile and ventilator companies to accelerate ventilator production
The automobile and aviation companies have commenced working with ventilator manufacturers to cope up with the existing demand from healthcare facilities. On 24th March 2020, General Electric Co. partnered with Ford Motors to quickly produce ventilators for the treatment of COVID-19 patients. Since the starting of COVID-19 epidemic, GE Healthcare has doubled its ventilator manufacturing capacity. Under the partnership, Ford will offer technical and manufacturing expertise for the production of a simplified design of the existing ventilator of GE Healthcare. This, in turn, will enable to satisfy the demand for ventilators in the US healthcare facilities.
OMR Global recently published report on https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-the-us-ventilator-industry
The Report Covers
- Comprehensive research methodology of the pre and post-COVID-19 impact on the US ventilator industry.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US ventilator industry.
- Insights about market determinants which are stimulating the US ventilator industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Market Segmentation
By Type
- Portable
- Intensive Care
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/impact-of-covid-19-on-the-us-ventilator-industry
Company Profiles
- Bio-Med Devices, Inc.
- Ford Motor Co.
- Hill-Rom Holdings, Inc.
- Prisma Health
- ResMed Inc.
- United Hayek Industries, Inc.
- Ventec Life Systems, Inc.
- Vyaire Medical, Inc.
- ZOLL Medical Corp.
