The key players in the medical power supply market are CUI, Inc. (U.S.), XP Power (Singapore), Spellman High Voltage Electronics Corporation (U.S.), Delta, Electronics (Taiwan), and Astrodyne TDI Power Supplies & EMI Filters (U.S.).
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The Medical power supply market is expected to grow at a CAGR of 6.6% from 2017 to 2022, to reach USD 1,218.6 million by 2022 from USD 885.3 million in 2017. Market growth can be attributed to to a growth in funding and infrastructure development, advancements in medical power supply products, and rising trend of home healthcare.
- Medical device manufacturers
- Suppliers and distributors of medical devices
- Healthcare institutes (hospitals and clinics)
- Suppliers and distributors of medical power supplies
In the current market scenario, there is a growing demand for power supply for medical devices. The objective of this report is to define, describe, and forecast the market on the basis of current type, construction, application, power ranges, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials.
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Medical power supply market segmented into enclosed power supplies, open frame power supplies, external power supplies, U-bracket power supplies, configurable power supplies, & encapsulated power supplies. In terms of value, enclosed power supplies segment expected to dominate market during the forecast period. Technological advancements have enabled the development of compact enclosed power supplies that offer higher efficiency (as compared to other power supplies).
Global Medical Power Supply Market, by Construction
- Enclosed Power Supplies
- Open Frame Power Supplies
- External Power Supplies
- U-Bracket Power Supplies
- Configurable Power Supplies
- Encapsulated Power Supplies
Global Medical Power Supply Market, by Application
- Diagnostic & Monitoring Equipment
- Home Medical Equipment
- Surgical Equipment
- Dental Equipment
Geographically, North America is the largest market for medical power supply market, followed by Asia, Europe, and RoW. In terms of value and volume market, Asia region is expected to witness the highest growth in the forecast period. Presence of a large number of market players and increasing installations of medical equipment are the major factors fuelling the growth of the medical power supply market in the Asian region.
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The global medical power supply market is segmented on the basis of current type, construction, application, power range, and region. Based on current type, the global market is segmented into AC-DC power supply and DC-DC power supply. In 2017, AC-DC power supply is expected to account for the largest share of the global market, in terms of value market.
The advantages of AC-DC over DC-DC power supply, such as low energy consumption, low risk of current leakage, and greater efficiency, are driving the growth of the AC-DC power supply market.