Medical Power Supply Market is Set to Rise with a USD 2.47 Billion at a CAGR of 7.4% During the Forecast Period 2029
A wide-reaching Medical Power Supply Market research report brings into focus the key market dynamics of the sector. This market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis. The report provides fluctuations in CAGR values during the forecast period of the market. The transformation in the market landscape is mainly observed due to the moves of key players or brands which range from developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of the industry.
Globally, the rapid growth of the ageing population is a major source of concern. According to the reports of a 2016 World Health Organization report, the geriatric population accounts for almost 22% of the global population. The high geriatric population further increases requirement of medical devices and biotechnology products as they require more primary medical attention and assistance. Consequently, the demand for various disposable supplies, medical equipment and other patient monitoring and treatment devices has increased over the years. The market is projected to show substantial growth over the forecasted period.
Global Medical Power Supply Market was valued at USD 1.39 billion in 2021 and is expected to reach USD 2.47 billion by 2029, registering a CAGR of 7.4% during the forecast period of 2022-2029. The “AC-DC power supply” accounts for the largest converter type segment in the medical power supply market within the forecasted period owing to the rising adoption of portable medical devices models. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis and regulatory framework.
The equipment used to deliver current to medical devices is known as a medical power supply. They are separate and self-contained devices. They are sometimes incorporated into larger devices or equipment. They provide isolation between the alternating current (AC) input, internal high voltage systems, and the direct current (DC) output by combining conductors and electronic components. Enclosed, open frame, external, programmable, U-bracket, and encapsulated devices are some of the most regularly used medical power supply systems.
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Global Medical power supply Market Scope
The medical power supply market is segmented on the basis of converter type, architecture, application, manufacturing type, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Converter Type
AC-DC Power Supply
DC-DC Power Supply
Architecture
Enclosed Power Supplies
Open Frame Power Supplies
External Power Supplies
U-Bracket Power Supplies
Configurable Power Supplies
Encapsulated Power Supplies
Application
Diagnostic and Monitoring Equipment
Home Medical Equipment
Surgical Equipment
Dental Equipment
Manufacturing Type
Standard Power Supply
Customized Power Supply
CF Rating Power Supply
End User
Hospitals
Ambulatory Surgical Centers
Clinics
Long-Term Care Centers
Diagnostic Centers
Rehabilitation Centers
Home Care Setting
Medical power supply Market Regional Analysis/Insights
The medical power supply market is analyzed and market size insights and trends are provided by country, converter type, architecture, application, manufacturing type and end-user as referenced above.
The countries covered in the medical power supply market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical power supply market because of the suitable repayment scenario. Furthermore, the rise in the adoption of new advanced techniques and the technologically advanced health care system within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the occurrence of major key players, increase in demand for home healthcare facilities mostly for elderly people and the increase in the investments in the research and development within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Healthcare Infrastructure growth Installed base and New Technology Penetration
The medical power supply market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical power supply market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical power supply market. The data is available for historic period 2010-2020.
Competitive Landscape and Medical Power Supply Market Share Analysis
The medical power supply market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical power supply market.
Some of the major players operating in the medical power supply market are Advanced Energy Industries Inc., (U.S.), Delta Electronics Inc., (Taiwan), TDK-Lambda Corporation (Japan), SL Power Electronics Corp (U.S.), XP Power (Singapore), Spellman High Voltage Electronics Corporation (U.S.), COSEL Co. Ltd., (Japan), FRIWO Gerätebau GmbH (Germany), Bel Fuse Inc., (U.S), MEAN WELL Enterprises Co., Ltd. (Taiwan), GlobTek Inc., (U.S.), Wall Industries Inc., (U.S.), SynQor Inc.,(U.S.), Inventus Power (U.S.), and Astrodyne TDI (U.S.) among others.
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Research Methodology: Global Medical Power Supply Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.
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