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Medical Power Supply Market Research Report 2022 Growth, Recent Trends And Forecast To 2031 - Koninklijke Philips N.V., Connect America LLC, ADT Security Services, Bay Alarm Medical, VRI Inc
Medical Power Supply Market
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The global medical power supply market report by the business research company identifies increasing expenditure on healthcare to be a major growth driver for the medical power supply market. All expenditures for the provision of health services, family planning activities, nutrition activities, and health-related emergency aid are included in health expenditure. Medical devices provide healthcare professionals with unparalleled support in the medical diagnosis and treatment process. They are essential for preventing, diagnosing, treating, and rehabilitating illnesses and diseases in a safe and effective way. According to the Centers for Medicare & Medicaid Services (CMS), national healthcare expenditure increased 9.7% to $4.1 trillion in 2020, or $12,530 per person, and accounted for 19.7% of GDP. Therefore, the increasing expenditure on healthcare is driving the medical power supply market.
The global medical power supply market size is expected to grow from $1.45 billion in 2021 to $1.57 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The medical power supply market is expected to grow to $2.18 billion in 2026 at a CAGR of 8.5%.
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North America was the largest region in the medical power supply market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this medical power supply market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the medical power supply market are Koninklijke Philips N.V., Connect America LLC, ADT Security Services, Bay Alarm Medical, VRI Inc., Life Alert Emergency Response Inc., Medical Guardian LLP, Nortek Security and Control LLC, Rescue Alert, AlertONE Service Inc., GreatCall, Ascom Wireless Solutions, LogicMark LLC, Tunstall Healthcare, and LifeStation.
The global medical power supply market is segmented -
1) By Type: Open Frame Power Supply, Enclosed Power Supply, Adapter Power Supply, Converters
2) By Converter Type: AC-DC Power Supply, DC-DC Power Supply
3) By End-User: Hospitals, Ambulatory Surgical Centers, Clinics, Long Term Care Centres, Diagnostic Centers, Rehabilitation Centers, Home Care Setting
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The Medical Power Supply Market Report Contents Include
1. Executive Summary
2. Medical Power Supply Market Characteristics
3. Medical Power Supply Market Trends And Strategies
4. Medical Power Supply Market - Macro Economic Scenario
5. Medical Power Supply Market Size And Growth
....
28. Key Mergers And Acquisitions In The Medical Power Supply Market
29. Medical Power Supply Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the medical power supply market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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