Medical Power Supply Devices Market, By Product Type (Standard Medical Power Supply Device and Configurable Power Supply Devices), By Function (AC-DC Power Supply Devices and DC-DC Converters), By End User (Hospitals, Ambulatory Surgical Centers, Clinics, Long term Care Centers, Rehabilitation Centers, Diagnostic Centers and Home Care Settings) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Power supply devices, in general, are electronic or electric equipment, which changes power source into the desired form to ensure compatibility with the equipment being used. The variety of medical applications such as dental equipment, robotic surgical devices, MIR, X-ray, CT scan, patient monitor, blood analyzers, and DNA equipment found applications in the medical devices. Moreover, selecting a specific power supply device is a major task for healthcare organizations, especially due to frequent changes in safety and environmental norms for medical equipment. For instance, electromagnetic interference (EMI) generates significant distortion to operation of equipment. Since medical equipment is more sensitive to EMI than industrial equipment, it is crucial to have compliance with efficient performance. Furthermore, many medical power supply device manufacturers are focused on manufacturing smaller, efficient, and reliable medical power supply equipment, which are to be offered at a competitive price. Due to this global medical power medical supply devices market is expected to grow in the forecast period.
According to world health organization (WHO) the global world population is growing at the rate of 1.63% during the 2020-2025 period and it is expected to reach around 8 billion by 2025. Since the geriatric population requires more assistance and medical care, the demand for a wide range of medical devices ranging from simple disposable supplies to patient-treatment and monitoring instruments are expected to increase significantly. Furthermore, power supply device manufacturers are focused on introducing non-invasive, responsive, and user-friendly medical devices particularly focused on geriatric population and manufactures are also trying to keep the innovating in these devices to remain competitive in the market. Hence, these factors are expected to boost the market growth in the near future.
However, increasing use of multi functionality equipment in medical field is expected to hamper the sale of medical supply devices in the forecast period. For instance, Chinese manufacturers offer multifunctional ‘Anesthesia’ machine with in-built ventilator systems.
This report segments the global medical power supply devices market on the basis of Product Type, Function, End User and region. On the basis of Product Type, global medical power supply devices market is segmented into Standard Medical Power Supply Device and Configurable Power Supply Devices. On the basis of Function, the global medical power supply devices market is segmented into AC-DC Power Supply Devices and DC-DC Converters. On the basis of End User, the global medical power supply devices market is segmented into Hospitals, Ambulatory Surgical Centres, Clinics, Long term Care Centers, Rehabilitation Centers, Diagnostic Centers and Home Care Settings. On the basis of region, global medical power supply devices market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
Key features of the study:
This report provides an in-depth analysis of the global medical power supply devices market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global medical power supply devices market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global medical power supply devices market includes Astrodyne TDI, SL Power Electronics, Powerbox International AB, TDK Lambda Corporation, Artesyn Embedded Technologies (Emerson Network Power), GlobTek, Inc., ICCNexergy, FRIWO Geratebau GmbH, Excelsys Technology, and Delta Electronics, Inc.
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global medical power supply devices market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global medical power supply devices market.
Global Medical Power Supply Devices Market By Product Type
Standard Medical Power Supply Device
Configurable Power Supply Devices
Global Medical Power Supply Devices Market By Function
AC-DC Power Supply Devices
Global Medical Power Supply Devices Market By End User
Long term Care Centers
Home Care Settings
Global Medical Power Supply Devices Market By Region
Middle-East and Africa
SL Power Electronics
Powerbox International AB
TDK Lambda Corporation
Artesyn Embedded Technologies (Emerson Network Power)
FRIWO Geratebau GmbH
Delta Electronics, Inc.
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