Italy Ventilator Industry
Italy is among the major countries with a considerable number of coronavirus incidences. As per the Worldometer, on 27th April 2020, Italy ranked third in the total cases of COVID-19 globally. It was 199,414 with 26,977 mortalities. On 27th April 2020, the number of new incidences reported in the country was 1,739 and 333 mortalities. Due to these significant incidences of coronavirus, the country is making roads to expand the production of ventilators. As the supply chain is affected due to the COVID-19 pandemic across the globe, the country is focusing on components that can be readily manufactured for ventilators. One of the decisions includes the production of 3D printed components for ventilators. 3D printing can be utilized to develop customized parts. With the use of 3D printing, the components can be produced quickly on a small scale than conventional production methods. An Italian research institute, Isinnova widened its efforts to curtail the shortage of ventilator valves in certain hospitals of Italy by using 3D printing. This, in turn, will support to accelerate the production of ventilators and meet the acute shortage of this essential medical equipment in the country. The OMR report titled “Impact of COVID-19 on Italy 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 Italy ventilator industry and values are derived accordingly.
Partnership between automobile and ventilator manufacturers to accelerate ventilators production
Siare Engineering International Group s.r.l. has augmented its ventilators output from 160 to 500 every month, as per the government orders. Therefore, the company was in talks with automobile companies to meet the production of ventilators. On 3rd April 2020, Fiat Chrysler Automobiles (FCA) declared that it is collaborating with Siare Engineering, a manufacturer of ventilators in Italy, to provide additional resources to support leverage the production of ventilators. FCA, along with its holding companies, Ferrari and Exor, has combined forces with Siare Engineering to offer additional resources and expertise to support leverage its response to the crisis. FCA engineering team at the Cento, Italy plant have worked to rapidly manufacture the first group of electrovalves, a key part in ventilators. This partnership will support to meet the demand for ventilators in the country.
OMR Global Recently Published Report on: https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-italy-ventilator-industry
The Report Covers
- Comprehensive research methodology of the pre and post-COVID-19 impact on Italy 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 Impact of COVID-19 on Italy Ventilator Industry.
- Insights about market determinants that are stimulating the Impact of COVID-19 on Italy Ventilator Industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Segmentation
By Type
- Portable
- Intensive Care
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