The global medical power supply market is expected to experience significant growth over the forecast period. Medical power supply is an equipment/device used in an extensive range of medical applications. Power supply devices are discrete and standalone devices. At times, they are integrated into larger devices/equipment.
This report covers the global medical power supply device market performance in terms of value contribution. It also throws light on the demand and use of medical power supply. The global medical power supply devices market is being driven by factors such as the proliferation of diagnostic equipment and systems with rising incidences of chronic diseases, rise in healthcare expenditure, and also rise in the demand for the portable and homecare device across the globe.
Advanced technology is paving the way for the introduction of innovation devices/equipment with improved features. They are expected to drive the growth of the medical power supply market and devices in developed regions of the world.
The global medical power supply market is segmented on the basis of technology into AC-DC power supply, DC-DC power supply. Based on the type, the market is segmented into External, Open frame, U Bracket, Enclosed, Configurable, and Encapsulated. Based on the application, the market is segmented into Diagnostic Equipment, MRI, X-ray, CT (Computed tomography), Polyethylene terephthalate (PET), Ultrasound, Blood Analyzers, Others, Medical Monitoring, Multi parameter monitor, Blood Pressure Monitor, Anesthesia monitor, MEG (Monitor Editor Generator), EEG (Electroencephalogram), ECG, Others, Home Patient Care, PAP devices (Positive airway pressure).
Infusion Pumps, Ventricular assist devices, Pulse Oximeters, Portable Nebulizers, Portable suction device, Oxygen Concentrators, Ventilators, Dialysis devices, Others, Dental Equipment, CAD/CAM systems, Oral care equipment, Digital radiology equipment, Dental Chairs, X-ray machines, Others, Surgical Equipment, Ophthalmic surgery equipment, Surgical Lasers, Robotic surgical devices, Cosmetic surgery equipment, DNA Equipment, Others.
The market segmented on the basis of end user into hospitals, ambulatory surgical centers, clinics, long term care centers, rehabilitation centers, diagnostic centers, and home care settings.
The hospital end-user segment was the most dominant segment in 2015. The home care setting segment is expected to expand at the highest CAGR during the forecast period primarily due to the increasing in the demand for medical care at home.
Based on the geographical region, the market is segmented into North America, Europe, Middle East & Africa, Asia Pacific, and Latin America.
Asia Pacific was the largest market in 2015. It is expected to be dominant in the medical power supply devices market in the long run. Over the next five years, the growth of the market in the Asian region is likely to be centered in China, India, Taiwan, South Korea, and Singapore.
The growth mentioned above will be driven by the improvement in the standard of living, greater access to medical treatment. Plus, the more prominent supply manufacturers are opening their manufacturing facilities in the Asian subcontinent; especially in China. This is fueling the growth of the medical power supply market in the region.
The major market players include TDK Lambda, SL Power Electronics, Emerson Network Power, XP Power, Powerbox, Astrodyne Corporation, Excelsys Technology, ICCNexergy, CUI Inc, Delta Electronics Inc, FRIWO Geratebau GmbH, Mean Well Enterprises Co Ltd, Glob Tek Inc, SynQor Inc, and Wall industries, Inc.
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