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Global Medical Power Supply Market

Published Jan 07, 2025
Length 196 Pages
SKU # NEXA20337513

Description

MARKET SCOPE:

The global Medical Power Supply market is projected to grow significantly, registering a CAGR of 7.8% during the forecast period (2024 – 2032).

A medical power supply is a critical component of healthcare technology, providing electrical power to a wide range of medical devices and equipment used in diagnosis, monitoring, treatment, and patient care. These power supplies are specifically designed and manufactured to meet stringent safety and regulatory standards set for medical electrical equipment. They play a vital role in ensuring the reliable and uninterrupted operation of various medical devices, contributing to patient safety and the effectiveness of healthcare delivery. The expanding market for medical devices, driven by advancements in technology and an aging population, contributes significantly to the demand for reliable and efficient medical power supplies. The increasing prevalence of chronic diseases necessitates a higher usage of medical devices for monitoring and managing these conditions, leading to an increased demand for power supplies. The expansion of telemedicine and remote patient monitoring requires portable and point-of-care medical devices, driving the need for versatile and efficient power supplies that support these applications.

MARKET OVERVIEW:

Driver: Rising demand for medical factors is driving the market growth

As chronic diseases such as diabetes, cardiovascular diseases, and respiratory conditions become more prevalent globally, there is a growing need for medical devices for diagnosis, monitoring, and treatment. The aging population is associated with an increased incidence of age-related health conditions and chronic diseases. This demographic shift leads to a higher demand for healthcare services and medical devices designed to address the specific needs of older individuals. The management of chronic conditions often requires the use of various medical devices, including glucose monitors, infusion pumps, continuous positive airway pressure (CPAP) machines, and others. These devices rely on reliable power supplies for their proper functioning. The aging population often requires regular monitoring and diagnostic assessments. This drives the demand for medical devices such as blood pressure monitors, electrocardiograms (ECGs), and imaging equipment, all of which require dependable power supplies. Advances in medical technology led to the development of more sophisticated and feature-rich medical devices. These innovations often come with higher power demands and necessitate efficient and reliable power supply solutions.

Opportunities: Growing telemedicine and remote monitoring is expected to pave the way for the market growth in the upcoming years.

The expansion of telemedicine and remote patient monitoring has led to an increased demand for portable and point-of-care medical devices. Power supplies that support these applications need to be versatile, reliable, and often battery-powered. Power supplies for portable medical devices need to be compact and lightweight, allowing for easy integration into smaller devices that can be carried by patients or used in home settings. The power supply must deliver a stable and reliable output to ensure the continuous and accurate operation of medical devices, especially those involved in patient monitoring and data transmission. For devices that operate on batteries, power supplies need to be energy-efficient, providing a long battery life to ensure extended usability without frequent recharging or replacement. To ensure patient safety, power supplies must incorporate features like electrical isolation, preventing potential harm from electrical faults or leakage currents. Power supplies should have an intuitive and user-friendly interface for easy operation, especially in home healthcare settings where patients may be using the devices themselves.

COVID IMPACT:

The COVID-19 pandemic led to an increased demand for various medical devices such as ventilators, patient monitors, diagnostic equipment, and other healthcare technologies. This surge in demand could have affected the need for reliable medical power supplies to support these devices. The pandemic disrupted global supply chains, affecting the production and distribution of components used in medical power supplies. Delays or shortages in the supply chain may have impacted manufacturers' ability to meet the increased demand for medical power supplies. The urgency of the healthcare crisis prompted accelerated innovation in the development of medical devices and technologies. This may have influenced the design and integration of power supply solutions, leading to increased demand for advanced and efficient power systems. The rapid development and deployment of medical devices during the pandemic presented regulatory challenges. Manufacturers of medical power supplies had to navigate regulatory requirements to ensure compliance with standards while meeting the urgent demand for their products. The pandemic prompted a shift in healthcare practices, with an increased focus on remote patient monitoring, telemedicine, and portable medical devices. This shift may have influenced the demand for specific types of medical power supplies suitable for these applications. Economic uncertainties and financial challenges associated with the pandemic may have affected investment in healthcare infrastructure, potentially influencing the purchasing decisions related to medical power supplies.

SEGMENTATION ANALYSIS:

The diagnostics and monitoring equipment segment is anticipated to grow significantly during the forecast period

The diagnostics and monitoring equipment market encompasses a wide range of devices used for disease detection, patient monitoring, and health assessment. This includes devices such as X-ray machines, MRI scanners, CT scanners, blood glucose monitors, ECG machines, and more. Major companies in the diagnostics and monitoring equipment market include Siemens Healthineers, General Electric Company, Philips Healthcare, Abbott Laboratories, and others. Advancements in imaging technologies such as 3D imaging, AI-driven diagnostics, and remote patient monitoring. Integration of digital health solutions for real-time data analysis and connectivity. The interplay between the diagnostics and monitoring equipment market and the medical power supply market reflects the collaborative efforts to provide accurate, reliable, and safe healthcare solutions. Continuous innovation in both sectors is essential to meet the evolving needs of healthcare professionals and patients.

The AC – DC power system segment is anticipated to grow significantly during the forecast period

An AC-DC power system is a type of power supply system that involves the conversion of alternating current (AC) to direct current (DC). In the context of medical applications, a reliable and efficient power supply is crucial to ensure the proper functioning of medical devices. Medical devices often require direct current (DC) power to operate. However, electrical grids typically deliver power in the form of alternating current (AC). An AC-DC power supply system is employed to convert AC power to the DC power needed for medical equipment. In medical settings, power supplies play a critical role in providing a stable, clean, and regulated power source for various devices such as diagnostic equipment, imaging devices, patient monitoring systems, and life support equipment.

REGIONAL ANALYSIS:

The North America region is set to witness significant growth during the forecast period.

The medical power supply market in North America has been experiencing growth, driven by advancements in medical technology, an aging population, and an increasing demand for medical devices and equipment. Several key players operate in the medical power supply sector in North America. These companies manufacture power supplies for various medical applications, including diagnostic equipment, imaging devices, patient monitoring systems, and more. The industry has seen advancements in power supply technologies, with a focus on efficiency, reliability, and safety. Power supplies for medical devices often need to meet stringent regulatory requirements and standards to ensure patient safety. The medical power supply market is subject to regulatory oversight, and companies need to comply with standards such as ISO 13485 for quality management systems specific to the medical device industry. Adherence to regulatory requirements is crucial for market entry and sustained success. Increasing prevalence of chronic diseases, a growing aging population, and technological innovations in medical equipment are driving the demand for medical power supplies. The need for reliable and high-performance power solutions in healthcare settings contributes to market growth. The medical power supply market faces challenges related to the complexity of healthcare regulations, the need for compliance with various standards, and the constant pressure to innovate in line with evolving medical device technologies.

COMPETITIVE ANALYSIS

The global Medical Power Supply market is reasonably competitive with mergers, acquisitions, and Architecture launches. See some of the major key players in the market.

Advanced Energy Industries Inc.

In December 2020, Excelsys CoolX3000 modular was introduced by Advanced Energy Industries (US). Essentially, it is an adjustable power platform made for a variety of tough industrial and medical uses. Advanced Energy's Excelsys CoolX3000 modular, adjustable power platform is engineered to meet the needs of a range of demanding industrial and medical applications. Delivering on the promise of Industry 4.0, this 3000 W power supply platform offers industry-leading power density, flexibility, and digital communication and control to integrate with other applications.

Delta Electronics

TDK-Lambda Corporation

SL Power Electronics Corp

XP Power

Spellman High Voltage Electronics Corporation

COSEL Co. Ltd.

FRIWO Gerätebau GmbH

Bel Fuse Inc.

MEAN WELL Enterprises Co., Ltd.

GlobTek Inc.

Wall Industries Inc.

SynQor Inc.

Inventus Power

Astrodyne TDI

Scope of the Report

By Architecture

Enclosed Power Supplies

Open Frame Power Supplies

External Power Supplies

U - Bracket Power Supplies

Configurable Power Supplies

Encapsulated Power Supplies

By Application

Diagnostics and Monitoring Equipment

Home Medical Equipment

Surgical Equipment

Dental Equipment

By Converter Type

AC - DC Power Supply

DC - DC Power Supply

By Region

North America (the United States & Canada)

Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)

Asia Pacific (China, Japan, India, and Rest of Asia Pacific)

Rest of the World (the Middle East & Africa, and Latin America)

KEY REASONS TO PURCHASE THIS REPORT

It provides a technological development map over time to understand the industry’s growth rate and indicates how the Medical Power Supply market is evolving.

The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Medical Power Supply submarket will be the main driver of the overall market from 2024 to 2032.

It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.

It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.

Table of Contents

196 Pages
1. Executive Summary
1.1. Market Snapshot
1.2. Regional Analysis
1.3. Segment Analysis
2. Overview And Scope
2.1. Market Vision
2.1.1. Market Definition
2.2. Market Segmentation
3. Global Medical Power Supply Market Overview By Region: 2019 Vs 2023 Vs 2032
3.1. Global Medical Power Supply Market Size By Regions (2019-2023) (Usd Million)
3.1.1. North America Medical Power Supply Market Size By Country (2019-2023) (Usd Million)
3.1.2. Europe Medical Power Supply Market Size By Country (2019-2023) (Usd Million)
3.1.3. Asia Pacific America Medical Power Supply Market Size By Country (2019-2023) (Usd Million)
3.1.4. Rest Of The World Medical Power Supply Market Size By Country (2019-2023) (Usd Million)
3.2. Global Medical Power Supply Market Size By Regions (2024-2032) (Usd Million)
3.2.1. North America Medical Power Supply Market Size By Country (2024-2032) (Usd Million)
3.2.2. Europe Medical Power Supply Market Size By Country (2024-2032) (Usd Million)
3.2.3. Asia Pacific Medical Power Supply Market Size By Country (2024-2032) (Usd Million)
3.2.4. Rest Of The World Medical Power Supply Market Size By Country (2024-2032) (Usd Million)
4. Global Medical Power Supply Market Dynamics
4.1. Market Overview
4.1.1. Market Drivers
4.1.2. Market Restraints/ Challenges Analysis
4.1.3. Market Opportunities
4.2. Pestle Analysis
4.3. Porter’s Five Forces Model
4.3.1. Bargaining Power Of Suppliers
4.3.2. Bargaining Power Of Buyers
4.3.3. The Threat Of New Entrants
4.3.4. Threat Of Substitutes
4.3.5. Intensity Of Rivalry
4.4. Value Chain Analysis/Supply Chain Analysis
4.5. Covid-19 Impact Analysis On Global Medical Power Supply Market
** In – Depth Qualitative Analysis Will Be Provided In The Final Report Subject To Market
5. Global Medical Power Supply Market, By Architecture
5.1. Overview
5.2. Global Medical Power Supply Market Size By Architecture (2019 - 2032) (Usd Million)
5.3. Key Findings For Medical Power Supply Market - By Architecture
5.3.1. Enclosed Power Supplies
5.3.2. Open Frame Supplies
5.3.3. External Power Supplies
5.3.4. U - Bracket Power Supplies
5.3.5. Configurable Power Supplies
5.3.6. Encapsulated Power Supplies
5.3.7. Others
6. Global Medical Power Supply Market, By Application
6.1. Overview
6.2. Key Findings For Medical Power Supply Market - By Application
6.2.1. Diagnostic And Monitoring Equipment
6.2.2. Home Medical Equipment
6.2.3. Surgical Equipment
6.2.4. Dental Equipment
7. Global Medical Power Supply Market, By Converter Type
7.1. Overview
7.2. Key Findings For Medical Power Supply Market - By Converter Type
7.2.1. Ac - Dc Power Supply
7.2.2. Dc - Dc Power Supply
8. Global Medical Power Supply Market, By Region
8.1. Overview
8.2. Key Findings For Medical Power Supply Market- By Region
8.3. Global Medical Power Supply Market, By Architecture
8.4. Global Medical Power Supply Market, By Application
8.5. Global Medical Power Supply Market, By Converter Type
9. Global Medical Power Supply Market- North America
9.1. Overview
9.2. North America Medical Power Supply Market Size (2019 - 2032) (Usd Million)
9.3. North America Medical Power Supply Market, By Architecture
9.4. North America Medical Power Supply Market, By Application
9.5. North America Medical Power Supply Market, By Converter Type
9.6. North America Medical Power Supply Market Size By Countries
9.6.1. United States
9.6.2. Canada
10. Global Medical Power Supply Market- Europe
10.1. Overview
10.2. Europe Medical Power Supply Market Size (2019 - 2032) (Usd Million)
10.3. Europe Medical Power Supply Market, By Architecture
10.4. Europe Medical Power Supply Market, By Application
10.5. Europe Medical Power Supply Market, By Converter Type
10.6. Europe Medical Power Supply Market Size By Countries
10.6.1. Germany
10.6.2. Uk
10.6.3. France
10.6.4. Spain
10.6.5. Italy
10.6.6. Rest Of Europe
11. Global Medical Power Supply Market - Asia Pacific
11.1. Overview
11.2. Asia Pacific Medical Power Supply Market Size (2019 - 2032) (Usd Million)
11.3. Asia Pacific Medical Power Supply Market, By Architecture
11.4. Asia Pacific Medical Power Supply Market, By Application
11.5. Asia Pacific Medical Power Supply Market, By Converter Type
11.6. Asia Pacific Medical Power Supply Market Size By Countries
11.6.1. China
11.6.2. Japan
11.6.3. India
11.6.4. Rest Of Asia Pacific
12. Global Medical Power Supply Market- Rest Of World
12.1. Overview
12.2. Rest Of World Medical Power Supply Market Size (2019 - 2032) (Usd Million)
12.3. Rest Of World Medical Power Supply Market, By Architecture
12.4. Rest Of World Medical Power Supply Market, By Application
12.5. Rest Of World Medical Power Supply Market, By Converter Type
12.6. Rest Of World Medical Power Supply Market Size By Regions
12.6.1. Middle East & Africa
12.6.2. Latin America
13. Global Medical Power Supply Market- Competitive Landscape
13.1. Key Strategies Adopted By The Leading Players
13.2. Recent Developments
13.2.1. Investments & Expansions
13.2.2. New End-user Launches
13.2.3. Mergers & Acquisitions
13.2.4. Agreements, Joint Ventures, And Partnerships
14. Global Medical Power Supply Market- Company Profiles
14.1. Advanced Energy Industries Inc..
14.1.1. Company Overview
14.1.2. Financial Overview
14.1.3. Architecture Offered
14.1.4. Key Developments
14.2. Delta Electronics
14.3. Tdk-lambda Corporation
14.4. Sl Power Electronics Corp
14.5. Xp Power
14.6. Spellman High Voltage Electronics Corporation
14.7. Cosel Co. Ltd.
14.8. Friwo Gerätebau Gmbh
14.9. Bel Fuse Inc.
14.10. Mean Well Enterprises Co., Ltd.
14.11. Globtek Inc.
14.12. Wall Industries Inc.
14.13. Synqor Inc.
14.14. Inventus Power
14.15. Astrodyne Tdi
15. Our Research Methodology
15.1. Data Triangulation
15.2. Data Sources
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Assumptions/ Limitations For The Study
15.4. Research & Forecasting Methodology
16. Appendix
16.1. Disclaimer
16.2. Contact Us
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