Medical Power Supply Market is Set to Rise with a USD 2.47 Billion at a CAGR of 7.4% During the Forecast Period 2029

A wide-reaching Medical Power Supply Market research report brings into focus the key market dynamics of the sector. This market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors, and Porter's Five Forces Analysis. The report provides fluctuations in CAGR values during the forecast period of the market. The transformation in the market landscape is mainly observed due to the moves of key players or brands which range from developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of the industry.

Globally, the rapid growth of the ageing population is a major source of concern. According to the reports of a 2016 World Health Organization report, the geriatric population accounts for almost 22% of the global population. The high geriatric population further increases requirement of medical devices and biotechnology products as they require more primary medical attention and assistance. Consequently, the demand for various disposable supplies, medical equipment and other patient monitoring and treatment devices has increased over the years. The market is projected to show substantial growth over the forecasted period.

Global Medical Power Supply Market was valued at USD 1.39 billion in 2021 and is expected to reach USD 2.47 billion by 2029, registering a CAGR of 7.4% during the forecast period of 2022-2029. The "AC-DC power supply" accounts for the largest converter type segment in the medical power supply market within the forecasted period owing to the rising adoption of portable medical devices models. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis and regulatory framework.

The equipment used to deliver current to medical devices is known as a medical power supply. They are separate and self-contained devices. They are sometimes incorporated into larger devices or equipment. They provide isolation between the alternating current (AC) input, internal high voltage systems, and the direct current (DC) output by combining conductors and electronic components. Enclosed, open frame, external, programmable, U-bracket, and encapsulated devices are some of the most regularly used medical power supply systems.

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Global Medical power supply Market Scope

The medical power supply market is segmented on the basis of converter type, architecture, application, manufacturing type, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Converter Type

AC-DC Power Supply

DC-DC Power Supply

Architecture

Enclosed Power Supplies

Open Frame Power Supplies

External Power Supplies

U-Bracket Power Supplies

Configurable Power Supplies

Encapsulated Power Supplies

Application

Diagnostic and Monitoring Equipment

Home Medical Equipment

Surgical Equipment

Dental Equipment

Manufacturing Type

Standard Power Supply

Customized Power Supply

CF Rating Power Supply

End User

Hospitals

Ambulatory Surgical Centers

Clinics

Long-Term Care Centers

Diagnostic Centers

Rehabilitation Centers

Home Care Setting

Competitive Landscape and Medical Power Supply Market Share Analysis

The medical power supply market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical power supply market.

Some of the major players operating in the medical power supply market are Advanced Energy Industries Inc., (U.S.), Delta Electronics Inc., (Taiwan), TDK-Lambda Corporation (Japan), SL Power Electronics Corp (U.S.), XP Power (Singapore), Spellman High Voltage Electronics Corporation (U.S.), COSEL Co. Ltd., (Japan), FRIWO Gerätebau GmbH (Germany), Bel Fuse Inc., (U.S), MEAN WELL Enterprises Co., Ltd. (Taiwan), GlobTek Inc., (U.S.), Wall Industries Inc., (U.S.), SynQor Inc.,(U.S.), Inventus Power (U.S.), and Astrodyne TDI (U.S.) among others.

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