Medical Power Supply Devices Market Forecasted to Progress at a CAGR of 3.5% by 2033

By the end of 2022, the market for medical power supply devices is expected to generate US$ 2,412.7 million in sales, up from an estimated global demand of US$ 1,673.2 million in 2022. The market for medical power supply devices is anticipated to reach US$ 1,705.0 Mn in 2023 and grow at a CAGR of 3.5%.

Medical power supply devices are specialised electrical devices that give medical equipment, such as patient monitors, ventilators, and other life-support systems, a controlled and secure source of power. To guarantee that the devices supply dependable and consistent power to essential medical equipment, they are made to adhere to high safety and performance criteria established by regulatory organisations like the FDA and IEC.

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The medical power supply devices market refers to the industry that produces and supplies power supply devices used in medical equipment. These devices are essential to the functioning of a wide range of medical equipment, including diagnostic imaging equipment, patient monitoring devices, surgical instruments, and others.

The market for medical power supply devices is driven by several factors, including the increasing prevalence of chronic diseases, the growing aging population, and the increasing demand for portable medical devices. Additionally, technological advancements, such as the development of energy-efficient and high-performance medical power supply devices, are also contributing to the growth of the market.

The market is highly competitive, with several players operating in the industry. Some of the key players in the medical power supply devices market include Delta Electronics, Inc., Emerson Electric Co., TDK-Lambda Corporation, Powerbox International AB, and Astrodyne TDI Corporation.

The market is segmented based on type, application, end-user, and geography. By type, the market is segmented into AC-DC power supplies, DC-DC converters, and external power supplies. By application, the market is segmented into diagnostic imaging, patient monitoring devices, surgical instruments, dental equipment, and others. By end-user, the market is segmented into hospitals, clinics, ambulatory surgical centers, and others.

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North America and Europe are the largest markets for medical power supply devices, owing to the high prevalence of chronic diseases, increasing healthcare expenditure, and the presence of several key players in the region. However, the Asia-Pacific region is expected to witness significant growth during the forecast period, owing to the increasing demand for medical devices, growing healthcare infrastructure, and rising healthcare expenditure in countries such as China, India, and Japan.

Competitive Landscape
The medical power supply devices market is highly competitive, with several well-established companies and a number of smaller players operating in the market. These companies compete on factors such as product quality, technology, innovation, brand reputation, and pricing. The market is expected to see continued consolidation, as larger players acquire smaller companies to expand their product portfolios and market share.

In April 2022, Biotres, a wireless wearable cardiac monitoring device, was introduced by Biotricity Inc. It is a three-lead device that continuously records electrocardiogram (ECG) data in order to detect cardiac arrhythmias early.
In August 2021, CUI, a Bel company, has launched 12 complete new medical AC-DC power supply models to its VMS-C and VMS-C-CNF CUI.

Key Players:
Astrodyne TDI
SL Power Electronics
XP Power
Power Box
Delta Electronics
CUI Inc.
Mean Well

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