Medical Power Supply Devices Market 2022
The Medical Power Supply Devices Market is expected to witness a strong In Upcoming Years. The ongoing trend speaks of digital transformation. In other words, it’s about the provision of digital solutions being tabled all across. The big thing is that the key stakeholders can’t afford to keep digital technology in a silo. Unification is the need of the hour so that anytime-anywhere access is possible. The enterprise is slated to move with the same mindset in the forecast period.
Technological advancements in medical power supply devices such as smart medical devices, which are embedded in furniture and portable medical equipment for home care applications, are expected to augment the growth of medical power supply devices market. A new Persistence Market Research (PMR) study projects that the global medical power supply devices market will expand at a strong CAGR of 7% during 2019 – 2029.
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As per the report findings, besides the expanding geriatric population, a few other factors will significantly assist the market growth, including growing preference for portable devices, high demand for home healthcare facilities, and favorable government initiatives regarding sophistication of healthcare infrastructure.
Technological innovations in the healthcare industry such as brain control interface (BCI), outpatient robotic surgeries, automated mobile wheelchairs, mobile robots for logistic application in healthcare facilities, and automated hospital beds will create significant demand for high-quality, reliable, and safe medical power supply devices. This, in turn, would create opportunities in terms of value for medical power supply devices manufacturers in the long run.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Astrodyne TDI, SL Power Electronics, XP Power, Power Box, Delta Electronics, CUI Inc., Mean Well , FRIWO, TDK Lambda, SynQor, Artesyn Embedded Technologies. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Medical Power Supply Devices.
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Key Takeaways – Medical Power Supply Devices Market Study
- Convection cooled medical power supply devices are gaining traction over the forced cooling power supply devices. This is mainly attributed to the excellent beneficial features like increases reliability of the device and significantly reduces maintenance costs of equipment of convection cooled medical power supply devices.
- Foray of multifunctional medical equipment is leading to declining the demand for application-specific equipment, which in turn, is hampering sales of medical power supply devices globally.
- Demand for external product in the medical power supply devices market is likely to increase with a striking CAGR of 9% during the forecast period.
- Healthcare facility at home helps the patient to recover sooner and also save expenses, due to which, the demand medical power supply devices for homecare setting applications is increasing.
- Asia Pacific (APAC) is creating substantial growth opportunities in the medical power supply devices market as the demand for homecare facility is increasing and companies in the region are developing new products with medical safety standards.
Demand for eEountries of Asia Pacific e in txternal medical power supply devices will see a significant rise in market over the forecast period. This demand growth can be attributed to increasing usage of compact and portable medical devices that employ an external power supply.
Product Innovation Focused on Medical Safety Approval
Major players in the market for medical power supply devices are focusing on developing new products with medical safety approval. Increasing investments by government in healthcare infrastructure attract providers of different medical power supply devices to develop new products for the safety of patients and operators.
- Similarly, in May 2019, FRIWO introduced family of FOX-C devices that include high efficiency chargers for lithium-ion systems. These devices meet the new US department of energy efficiency standards for chargers. The company also offers the standard product with medical approval, according to IEC60601-1.
- In August 2018, Artesyn Embedded Technologies launched new series of LCM3000 AC-DC single output enclosed power supplies. With industrial and medical safety approval, this product can supply up to 3000 watts output power. The LCM3000 series offer configurable nominal output, with adjustability of plus and minus 25 percent and maximum current of 25 Ampere.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Medical Power Supply Devices Market Manufacturers
Medical Power Supply Devices Market Distributors/Traders/Wholesalers
Medical Power Supply Devices Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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