Mettawa, Ill.-based Vyaire Medical Inc., a global player in the ventilation technologies market, has signed an agreement to acquire the ventilator business and the imtmedical brand name. The traditional business unit testing devices, including test lungs, will be continued under the brand IMT Analytics and will remain in the possession of the previous ownership.
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According to new research from MarketsandMarkets, the global ventilator market is projected to surge from its current $859.9 million valuation to $1.261 billion by 2023, growing at a compound annual growth rate of 8%.
Read MoreThe Life2000 ventilation system from Breathe Technologies is designed for adult patients who require positive pressure ventilation delivered invasively or noninvasively. It is suitable for use in institutional and home settings and is intended to be administered by qualified, trained personnel under the direction of a physician.
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On April 21, 2015, CareFusion issued a global voluntary Class I recall for its Avea ventilators in response to a potential malfunction of the 5 psi pressure transducer. The alert covers Avea ventilators manufactured, serviced and distributed from July 1, 2011 to March 15, 2015.
Read MoreResMed has introduced a new series of noninvasive ventilation devices that feature wireless connectivity. The Lumis ventilators support a variety of therapy modes and integrated humidification.
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