Supply chain de-risking has been the highest priority of customers across the globe as disruptions have become commonplace in recent times, especially since the number of online orders and home deliveries has increased due to the Coronavirus outbreak.
Most notably, the global demand for ventilators has risen by up to 10 times this year. Many manufacturers have already boosted their production by 30-50%, and they can’t deliver the 500 or 1,000% growth in production required.
Syrma SGS Technology announced its increased capacity to manufacture medical-grade power supplies and other life-saving equipment. The need for well-equipped medical facilities is expanding globally due to an increase in chronic and infectious diseases, like COVID-19, along with a growing elderly population.
Healthcare technologies are evolving in tandem, such as monitoring data, registering patients, and tracking lab tests. There’s also been an increase in demand for portable devices that are used for in-home care. As a result, the rise in healthcare equipment and portable medical devices will increase the demand for more medical-grade power supplies.