According to the latest report by IMARC Group, titled “Medical Power Supply Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global medical power supply market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Medical Power Supply Market Overview:
The global medical power supply market size reached a value of US$ 1.47 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.18 Billion by 2027, exhibiting at a CAGR of 6.30% during 2022-2027.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The medical power supply represents equipment used for delivering current to medical devices. They are generally utilized with conductors and electronic components to offer isolation between the alternating current (AC) input, direct current (DC) output, and internal high voltage systems. Some of the commonly available medical power supply systems include open frame, external, enclosed, configurable, U-bracket, and encapsulated devices. These devices minimize electromagnetic interference and reduce the risks of electric shocks and current leakages. Consequently, the medical power supply finds extensive applications in hospitals, diagnostic centers, research laboratories, etc.
Medical Power Supply Market Trends and Drivers:
The inflating need for providing adequate care to patients is primarily driving the medical power supply market. Additionally, the widespread adoption of data centers to maintain electronic health records (EHRs) and continuous improvement in the healthcare infrastructures are further catalyzing the market growth.
Besides this, the growing utilization of medical power supply systems to operate advanced equipment, such as oxygen concentrators, ventilators, magnetic resonance imaging (MRI), CT scan, electrocardiograph (ECG), multiparameter patient monitoring device, etc., is acting as another significant growth-inducing factor.
Moreover, the launch of several favorable policies by government bodies for providing easy access to medical treatments in a cost-effective manner across geographically extended and rural locations is also positively influencing the global market. Apart from this, numerous technological advancements and the escalating demand for automation are anticipated to fuel the medical power supply market over the forecasted period.
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Global Medical Power Supply Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Advanced Energy Industries Inc.
- Cosel Co. Ltd.
- CUI Inc.
- Delta Electronics Inc.
- FRIWO Gerätebau GmbH
- GlobTek Inc.
- MEAN WELL Enterprises Co. Ltd.
- SL Power Electronics Corp.
- SynQor Inc.
- TDK-Lambda Corporation (TDK Corporation)
- Wall Industries Inc. (Continental Resources Inc.)
- XP Power
The report has segmented the market on the basis of region, type, converter type and application
Breakup by Type:
- Open Frame Power Supply
- Enclosed Power Supply
- Adapter Power Supply
Breakup by Converter Type:
- AC-DC Power Supply
- DC-DC Power Supply
Market Breakup by Application:
- Diagnostic, Imaging and Monitoring Equipment
- Surgical Equipment
- Home Medical Equipment
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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