- Market Growth Factors & Global Market Size.
- Leading Players & Top Segments.
- Geographic Overview.
Market growth influenced due to following factors-
- Growth in funding and infrastructure development.
- Advancements in medical power supply products.
- Rising trend of home healthcare.
Global market size-
According to research report the report medical power supply devices market is expected to reach $1,218.6 Million by 2022, at a CAGR of 6.6% from 2017 to 2022.
XP Power (Singapore), Spellman High Voltage Electronics Corporation (U.S.), Powerbox International AB (Sweden), Delta Electronics (Taiwan), and Astrodyne TDI Power Supplies and EMI Filters (U.S.) are the key players in the medical power supply devices market between 2017 and 2022. Other major players operating in this market are Meanwell Enterprises (Taiwan), Handy and Harman (U.S.), Globtek (U.S.), FRIWO Gerätebau (Germany), Inventus Power (U.S.), Wall Industries (U.S.), SynQor (U.S.), Protek Power N.A., (U.S.).
Top Market Segments-
Based on application, the medical power supply devices market is segmented into diagnostic & monitoring equipment, home medical equipment, surgical equipment and dental equipment.
Based on construction, the external power supplies segment is expected to account for the highest CAGR during the forecast period. The high growth rate of this segment can primarily be attributed due to its wide applications in high power medical equipment’s as well as in home medical equipment’s and due to its other factors including high average efficiency and minimum load power consumption.
Based on the current type, the medical power supply market is segmented into AC-DC power supply and DC-DC power supply. The AC-DC power supply segment is expected to account for the highest CAGR during the forecast period.
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Geographic Overview -
In 2017, North America is expected to account for the largest share of the global medical power supply market, followed by Asia. The Asian medical power supply market is expected to register the highest growth during 2017 to 2022.
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