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Impact of COVID-19 on Italy Ventilator Industry, Deviation, Trends, Analysis, Forecast 2019-2025

07-08-2020 05:28 PM CET | Health & Medicine

Press release from: Orion Market Research

Impact of COVID-19 on Italy Ventilator Industry

Impact of COVID-19 on Italy Ventilator Industry

As the whole world is fighting against COVID-19, the demand for ventilators has emerged significantly in healthcare facilities. Ventilators are mechanical breathing devices that are used to blow oxygen and air into the lungs. These devices are important for delivering care to people suffering from lung failure, which is one of the complications among patients with severe COVID-19. Italy is among one of the nations requiring a significant number of ventilators amid COVID-19 to help patients breathe easier.

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The global spread of coronavirus has put ventilator manufacturers under pressure to ramp up production. Due to the epidemic, the supply of essential components has disrupted, which include valves, hoses, and motors. In addition, most of the electronic products come from China which is further disrupting the production of ventilators. Owing to the shortages of supplies and production, the government of Italy are moving towards taking support from the military, contacting with other manufacturers. They are looking to 3D printing with the expectation of scaling up the production of the potentially life-saving breathing machines. A team of doctors in Italy has created a way of delivering oxygen to two people from a single ventilator, thereby doubling capacity. Further, Isinnova, an Italian research institute has expanded its efforts to solve a shortage of ventilator valves in some Italian hospitals using 3D printing.

The government asked ventilator manufacturers to meet the demand for ventilators. For instance, Siare Engineering International Group s.r.l. has augmented its ventilators output from 160 to 500 every month. The country is facing a major shortage of essential medical equipment, including ventilators, as death toll in the country surpassed 5,000. To increase the production of ventilators, Sierrais in discussion with Fiat and Ferrari to support in the production of more ventilators to fight COVID-19 outbreak in Italy. Automobile companies have a potential supply chain, which can support Siare to obtain parts for significant amount of ventilators production. Nearly 25 army technicians are working with Siare along with its production supervisors to support assemble machines and management of higher production.

The study on the effect of COVID-19 on Italy ventilator industry is segmented into portable and intensive care ventilators. Portable ventilators are in significant demand as they are regarded as superior to manual ventilation owing to the ability to reduce the risk of ventilator-induced lung injury while achieving control and constant monitoring of airway pressures and tidal volumes. The usage of a transport ventilator are considered as useful for intensive care unit (ICU) patients that needs an extreme level of ventilator support. Koninklijke Philips N.V. has stated that the most required product for multiple respiratory conditions includes portable ventilators, vital signs monitors, and medical equipment. As a result of coronavirus epidemics, the company is targeting a four-fold rise in the ventilator output by the third quarter of March to fulfil the demand from hospitals for patients suffering from the condition.

A Full Report of Impact of COVID-19 on Italy Ventilator Industry Available at https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-italy-ventilator-industry

Segmentation by Type
• Portable
• Intensive Care

Company Profile
• Creanova S.r.l.
• Drägerwerk AG & Co. KGaA
• Fiat Chrysler Automobiles N.V.
• General Electric Co.
• Getinge AB
• Hamilton Medical AG
• Koninklijke Philips N.V.
• Magneti Marelli S.p.A.
• Medtronic plc
• Siare Engineering International Group s.r.l.
• Fisher & Paykel Healthcare Ltd.
• ResMed Inc.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-on-italy-ventilator-industry

For More Information, Visit https://www.omrglobal.com/

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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