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Philips Targets Four-Fold Increase in Output of Ventilators

  • Firm delivers to virus-stricken regions first amid shortage
  • CEO chooses contract manufacturers over carmakers in ramp up
Coronavirus - Hospitals are gearing up for expected onslaught

Photographer: Roland Weihrauch/picture alliance via Getty Images)

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Royal Philips NV is ramping up production of ventilators to double output within the next eight weeks and is targeting a four-fold increase by the third quarter to meet demand from hospitals overwhelmed by patients suffering from severe forms of Covid-19.

The most-needed products are vital sign monitors, portable ventilators and medical equipment to treat a range of respiratory conditions, the Dutch company said in a statement late Sunday.