Medical Power Supply Market Analysis Overview:
In a recent research report by MarketsandMarkets, the Medical Power Supply Market is expected to surpass USD 1.9 Billion by the year 2027, from USD 1.5 Billion in 2022, at a CAGR of 6.5% from 2022 to 2027.
The equipment used to deliver current to medical devices is knowqn 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.
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Top Key Players of the Medical Power Supply Market:
As of 2021, prominent players in the market are Advanced Energy Industries, Inc (US), TDK Corporation (Japan), Delta Electronics, Inc. (Taiwan), SL Power Electronics (US), XP Power (Singapore), Bel Fuse Inc. (US), COSEL Co. Ltd. (Japan), FRIWO Gerätebau GmbH (Germany), SynQor, Inc. (US), GlobTek, Inc. (US), MEAN WELL Enterprises Co. Ltd. (Taiwan), Spellman High Voltage Electronics Corporation (US), and Astrodyne TDI (US), among others.
Delta Electronics: Due to technological advancements and excellent operations management, Delta has become an indispensable long-term strategic partner for many world-class manufacturers. The company has received accolades for its Switch Mode Power Supplies (SMPS), brushless DC fans, cooling systems, and miniaturized key component. The company focuses on inorganic strategies, such as acquisitions, to strengthen its offerings and global reach and sustain its presence in this market.
Global Medical Power Supply Market, by Application
- Diagnostic Imaging Systems
- Patient Monitoring Equipment
- Surgical Equipment
- Dental Equipment
- Home Use & Wearable Equipment
- Implantable Medical Devices
- Other Applications
North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
Global Medical Power Supply Market, by Converter Type
· AC-DC Power Supply
· DC-DC Power Supply
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North America is expected to be the largest market during the forecast period.
North America held major share of the market in 2021 and the trend is expected to continue over the forecast period. The strong presence of key market players and supportive regulatory guidelines drive market growth. North America is home to most tier 1 companies providing medical power supplies. The key players in the North American market include Astrodyne TDI (US), Bel Fuse, Inc. (US), SL Power Electronics (US), and GlobTek Inc. (US). Regulatory authorities such as the American National Standards Institute (ANSI) and the Canadian Standards Association (CSA) have imposed stringent regulations on designing and manufacturing power supplies.
The study is consolidated into major segments and further into sub-segments, Medical Power Supply Market by Converter Type (AC-DC, DC-DC), Application (MRI, ECG, EEG, PET, CT Scan, Ultrasound, X-ray, RF Mammography, Surgical Equipment, Dental Equipment), Manufacturing Type (Enclosed, External, U Bracket) - Global Forecasts to 2027
The Research Provides Answers to the Following Key Questions:
· Where can business owners locate more potential customers during the forecast period, 2022 – 2027?
· How are the major vendors operating in the Medical Power Supply market planning to reach a potential audience in the emerging economies? Why are sales soaring in certain parts, but dismal in other regions of the world?
· How much are the customers willing to pay for the products and services?
· How much is the dimension of the Medical Power Supply market catered by the major vendors?
· How often will the customers buy a product or service during the forecast period, 2022 – 2027?
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