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Medical Power Supply Market Is Booming Worldwide by 2027 | Delta Electronics Group, Emerson Network, Excelsys Technology, Globtek Inc

12-30-2021 01:18 PM CET | Associations & Organizations

Press release from: Market Insights Reports

The Latest report about the Medical Power Supply Market - Growth, Trends, Forecast (2020 - 2025) market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Medical Power Supply Market - Growth, Trends, Forecast (2020 - 2025) market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

The medical power supply market is expected to register a CAGR of 6.5% during the forecast period.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: Delta Electronics Group, Emerson Network, Excelsys Technology, Globtek Inc., Mean Well Enterprises Co. Ltd, Powerbox International AB, SL Industries Inc., Spellman High Voltage Electronics Corporation, TDK-Lambda Corporation, and XP Power Inc  

News and Updates

- April 2020 - XP Power released its new UCH600 series of convection cooled, 600W AC-DC power supplies. The ultra-compact power supplies do not require additional cooling and deliver full load power under a wide range of conditions. This series can be used in medical devices, as well as for industrial electronics applications.

- March 2020 - Delta Electronics launched MEA-065A, a new 65W output to MEA Series of Medical AC-DC desktop type adapter, which offers four single output voltages of 12V, 15V, 19V, and 24V in an extremely compact size, i.e., 50 x 115 x 29 mm, and finds its application in various types of portable equipment, such as home healthcare equipment, and test and measurement equipment. Key features include 0.1mA low earth leakage and electric shock protection complying with 2 x MOPP.

Market Overview

- Healthcare facilities are thriving across the world, owing to technological innovations in the healthcare sector and a growing geriatric population. Healthcare technologies are evolving in all possible aspects, ranging from patient registration to data monitoring, and from lab tests to self-care devices.

- Furthermore, the geriatric population is growing at a rapid pace, globally. Currently, about two-thirds of the worlds geriatric population lives in developing countries. This has prompted the need for an increase in healthcare setups all over the world.

- Moreover, governments are taking initiatives to set up new and advanced healthcare facilities in developing countries to cater to the requirements of the growing population. The rise in the number of healthcare facilities may increase the demand for medical power supply, which is expected to drive the medical power supply market. Additionally, technological advancements in healthcare equipment, increasing incidences of chronic diseases, and the rising demand for portable and home-based devices, are driving the growth of the medical power supply market.

- A pandemic like COVID-19 may only fuel the manufacturing of advanced medical devices and equipments to tackle such crisis in future. The increased production of healthcare devices may drive the medical power supply market. For instance, GE Healthcare recently announced to increase its manufacturing capacity for medical equipment, including CTs, ultrasound devices, mobile X-ray systems, patient monitors, and ventilators, to cater to the ongoing global challenge of the treatment of COVID-19 patients.

Segment by Type
AC-DC Power
DC-DC Power

Segment by Application
Hospitals
Clinics
Other

Regional Analysis

North America Dominates the Market and May Continue to do the Same during the Forecast Period

- North America is the largest market for medical power supply, globally. The high growth registered by North America is attributed to the strong base of healthcare facilities, especially hospitals and diagnostic imaging centers, in the region.

- In terms of growth, Asia-Pacific is the fastest-growing region. The factors, such as a huge population base, rising incidence of chronic disease, and rising healthcare facilities, are expected to drive the growth of the medical power supply market in the Asia-Pacific region. The above-mentioned growth is likely to be driven by the improvement in the standard of living and 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.

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Medical Power Supply Market - Growth, Trends, Forecast (2020 - 2025) Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Medical Power Supply Market - Growth, Trends, Forecast (2020 - 2025) market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Medical Power Supply Market - Growth, Trends, Forecast (2020 - 2025) market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Medical Power Supply Market - Growth, Trends, Forecast (2020 - 2025) Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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