Medical Power Supply Market: Industry Trends, Market Size, Competitive Analysis and Forecast - 2019-2025

The medical power supply market is estimated to grow at a CAGR of 6.6% from 2019 to 2025. The medical power supply offers power supply for healthcare and various medical applications. The medical power supply is designed based on the international basic safety and essential performance standard IEC60601-1 referred to for electrical medical equipment systems. The IEC 60950-1 and IEC60601-1 are required to prevent fire, electric shock, radiation, energy, heat, chemical, and mechanical hazards. The medical power supplies are used in various medical applications, which are designed with consideration of required power, isolation, voltage, and current required for the application. On the basis of the medical power supply application, the market is segmented into medical imaging, surgical devices, monitoring devices, and other devices.

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Furthermore, medical imaging is segmented into ultrasound, scanner, MRI, CT, PET, X-ray, and nuclear medicine. Various power supply solution providers are offering their services to the medical device manufacturer. For instance, Spellman High Voltage Electronics offers products and technology for medical imaging, diagnostics, and therapy markets. The company provides high voltage power supply and X-ray generator products, which improve the delivery of medical care and power detectors. The company's high voltage power supply is used in application such as rotating CT scanning, dental CT, bone densitometry, tomography, and digital radiography and radiation oncology therapy.

The factors contributing towards the growth of the global medical power supply market include technological advancements medical device technology, the introduction of innovative medical devices, and the increasing trend of homecare monitoring devices. There is an increase in the adoption of home care medical power supply, due to advanced technologies, easy communications services via the internet, enable easy operating for care providers and provide low stress and comfort level to patients. Improving power supply technology and increasing demand for advanced medical equipment to treat various diseases and in surgical procedures is also driving the growth of the market. However, the high cost is involved, which is the major restraint for the market.

The companies which are involved in providing medical power supply include Spellman High Voltage Electronics Corp., Delta Electronics, Inc., Advanced Energy Industries, Inc., Astrodyne TDI, CUI Inc., CP Power & Automation Ltd. These market players are continuously adopting various strategies in the market. In February 2018, Delta Electronics has expanded the range of its medical adopter with MEA-250A24C medical AC-DC desktop type adapter.

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Medical Power Supply Market-Segmentation

By Type
o Enclosed
o Open frame
o External
o Configurable
o U Bracket
o Encapsulated

By Technology
o AC-DC
o DC-DC

By Application
o Diagnostic equipment
o Medical Monitoring Equipment
o Home Patient Care Equipment
o Dental Equipment
o Surgical Equipment

By Geography
o North America
o Europe
o Asia Pacific
o LAMEA

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This release was published on openPR.