The US is the leader in the global medical device industry. As per the International Trade Administration, the US generated a revenue of $156 billion in 2017, which accounted for 40% of the global medical device industry. The US medical device companies are renowned globally owing to their high technology and innovative products. Even though the country has a significant share in medical device, it is currently facing a shortage of essential medical equipment amid COVID-19 outbreak. The coronavirus cases in the US surpassed 100,000 and thereby healthcare facilities have been reported an increasing need for more medical equipment to provide better care to the COVID-19 patients. Among medical equipment, there is a remarkable demand for ventilators to provide breathing support to the COVID-19 patients, as the major symptom of the condition is breathing problem.
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