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April 9, 2020

Medtronic to increase ventilator production for Covid-19 patients

Medtronic has collaborated with technology partners and governments to drive new ventilator production in support of Covid-19 patients across the world.


Visit our Covid-19 microsite for the latest coronavirus news, analysis and updates

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Medtronic has collaborated with technology partners and governments to drive new ventilator production in support of Covid-19 patients across the world.

By the end of April, the company expects to manufacture more than 400 ventilators a week and over 700 by the end of May. By the end of June, Medtronic ‘s target is 1,000 ventilators a week.

Medtronic said that over the next six months the production ramp-up is expected to generate over 25,000 ventilators across all platforms.

Separately, the US Food and Drug Administration (FDA ) has granted emergency use authorisation (EUA) to its Puritan Bennett 560 (PB560) ventilator, enabling its use in the country for the Covid-19 patient treatment.

The PB560 is a compact, lightweight and portable ventilator that can be used in clinical settings and at home. It is expected to be available in the US in May.

Launched in 2010, the ventilator is currently sold in 35 countries around the world.

The company has also announced limited market release of a new remote management capability for its Puritan Bennett 980 (PB980) ventilator with two US hospitals. It allows clinicians to adjust the ventilator settings outside of the Intensive Care Unit (ICU), reducing the chances of cross-infections.

Depending on the feedback, Medtronic aims to expand the market release of PB980 later this month.

Last month, the company increased ventilator production by more than 40%.

The company has started publicly sharing the design specifications for the PB560 to allow participants across the world to evaluate options for rapid ventilator manufacturing at scale.

Medtronic received more than 90,000 registrations for the venture, which is expected to help doctors and patients dealing with Covid-19.

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Find the right pricing strategy for your medical device

How do your competitors set prices in different markets? Will reducing your prices win market share from your main competitors? Do you need to position products differently for different markets? To find out, use our Global Brand Pricing tool to achieve optimal pricing for your devices. Detect price changes, understand competitor market positioning, and plan new product launches, by accessing this tool today. It features:
  • A proprietary algorithm that leverages numerous pricing sources, with an emphasis on real-world data
  • Estimates of the likely spread of selling prices per brand and manufacturer, as well as 3-year forecasts for prices
  • Medical device pricing data that can be tracked by market, company, and brand
  • Additional categories that can be built on a custom basis
Use our tool to access competitor pricing strategies across multiple geographies, and various dynamic case studies from the likes of Germany and China, to benchmark yourself against your competitors and future proof your pricing strategies.
by GlobalData
Enter your details here to receive your free Report.

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