Press release
Top Factor Driving Medical Power Supply Market Growth in 2025: Surge In Healthcare Expenditure Fuels Growth In The Medical Power Supply Market
Medical Power Supply Market
The surge in healthcare expenditure is projected to spur the expansion of the medical power supply market. This encompasses all costs associated with health services, reproductive health activities, nutritional interventions, and health-related crisis relief. Medical appliances offer an indispensable assistance to healthcare workers in the process of diagnosing and treating patients. They're crucial in safely and efficiently preventing, diagnosing, treating, and recovery from diseases and illnesses. For example, a report by the Centers for Medicare & Medicaid Services, a federal agency in the US, published in March 2022, showed that the National Health Expenditure (NHE) for 2021-2030 is anticipated to rise by an average of 5.1% per year, reaching almost $6.8 trillion. Furthermore, Medicare spending is forecasted to increase at a yearly rate of 7.2%, and Medicaid spending is expected to escalate at a rate of 5.6% annually between 2021 and 2030. Hence, the proliferation in healthcare expenditure is a key driver in the growth of the medical power supply market.
Get Your Medical Power Supply Market Report Here:
https://www.thebusinessresearchcompany.com/report/medical-power-supply-global-market-report
What growth opportunities are expected to drive the medical power supply market's CAGR through 2034?
The market size of medical power supply has seen significant growth in the past few years. It is expected to increase from $1.91 billion in 2024 to $2.08 billion in 2025, reporting a compound annual growth rate (CAGR) of 8.7%. The expansion during the historic period can be credited to factors such as the aging population, regulatory compliance, focus on patient-centric care, global health preparedness, and electrical safety.
The industry of medical power supply is anticipated to experience swift expansion in the coming years. The market is predicted to reach $3.1 billion by the year 2029, growing at a Compound Annual Growth Rate (CAGR) of 10.6%. Factors like integration of renewable energy, robust power infrastructure, decrease in size of devices, and the advent of distant health solutions and telehealth services can be credited for the predicted growth. Key trendsetting developments expected during the forecast period are advancements in battery technology, the introduction of power management enhanced by Artificial Intelligence (AI), the integration of smart grids, bespoke power solutions, and breakthroughs in electromedical devices.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7490&type=smp
What are the emerging trends shaping the future of the medical power supply market?
One significant trend that is witnessing a steady surge in the medical power supply market is the advancement in technology. Key players in this market are intent on developing cutting-edge technological solutions to consolidate their market position. For example, Connect America LLC, an American company in the medical power supply space, introduced Connect America Home in May 2022. This platform, bolstered by Artificial Intelligence, is the first of its kind that offers personalized emergency response services (PERS) and remote patient surveillance (RPM). It aides the elderly and frail communities with both critical and non-critical assistance through its continuous monitoring features.
Which growth-oriented segments of the medical power supply market are leading the industry's development?
The medical power supply market covered in this report 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 Center, Clinics, Long Term Care Centers, Diagnostic Centers, Rehabilitation Centers, Home Care Setting
Subsegments:
1) By Open Frame Power Supply: Single Output Open Frame Power Supply, Multi-Output Open Frame Power Supply
2) By Enclosed Power Supply: Desktop Enclosed Power Supply, Rack-Mount Enclosed Power Supply
3) By Adapter Power Supply: Wall-Mounted Adapter Power Supply, Desktop Adapter Power Supply
4) By Converters: AC-DC Converters, DC-DC Converters, Isolated Converters
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7490
What regions are leading the charge in the medical power supply market?
North America was the largest region in the medical power supply market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical power supply market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the medical power supply market?
Major companies operating in the medical power supply market include Koninklijke Philips N.V., Connect America LLC, ADT Security Services, Bay Alarm Medical Inc., VRI Inc., Life Alert Emergency Response Inc, Medical Guardian LLP, Rescue Alert, AlertONE Service Inc., GreatCall Inc., Ascom Wireless Solutions, LogicMark LLC, Tunstall Healthcare, LifeStation Inc., Mean Well Enterprises Co. Ltd, Delta Electronics Inc., Advanced Energy Industries Inc., Astrodyne TDI Holdings, Bel Fuse Inc., Fuhua Electronic, Shenzhen Megmeet Electric, XP Power, CUI Inc., Powerbox International AB, Spellman High Voltage Electronics Corporation, Wall Industries Inc., SynQor Inc., Artesyn Embedded Technologies, Excelsys Technologies Ltd., FRIWO Gerätebau GmbH, Inventus Power, Protek Power N.A. Inc., P-Duke Power Co. Ltd., EOS Power India Pvt. Ltd., GlobTek Europe Ltd., Power Partners Inc., SL Montevideo Technology Inc., TDK Corporation, Traco Electronic AG
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7490&type=smp
What Is Covered In The Medical Power Supply Global Market Report?
•Market Size Forecast: Examine the medical power supply market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical power supply market for a structured understanding.
•Key Players Overview: Analyze major players in the medical power supply market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical power supply market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical power supply market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical power supply market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical power supply market.
•Competitive Landscape: Review strategic developments in the medical power supply market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Top Factor Driving Medical Power Supply Market Growth in 2025: Surge In Healthcare Expenditure Fuels Growth In The Medical Power Supply Market here
News-ID: 3882474 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Power
Thermal power Market is Gaining Momentum with Enel, TATA Power, Reliance Power
The Latest Released Thermal power market study has evaluated the future growth potential of Thermal power market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges,…
Japan Power Market Outlook to 2030, Update 2018 – The Kansai Electric Power, C …
Japan Power Market
This report elaborates Japan's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Japanese power market's regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Japan on broad parameters of macroeconomics, supply security, generation…
Global Power Rental Market Insight Report 2018 - Rental Power Solutions, Power E …
The global "Power Rental" Market research report gives point to point breakdown along with the data of Power Rental market’s analytical study, regional analysis, growth factors and leading companies. The research report about the market provides the data about the aspects which drive the expansion of Power Rental industry. The Power Rental market consists of large key companies who play a vital role in the production, manufacturing, sales and distribution…
Japan: Geothermal Power Market Power Plants, Regulations and Company Profiles 20 …
"Geothermal Power in Japan, Market Outlook to 2030, Update 2018-Capacity, Generation, Power Plants, Regulations and Company Profiles", is the latest report from Publisher, the industry analysis specialists that offer comprehensive information and understanding of the Geothermal market in Japan.
The report provides an in-depth analysis on global renewable power market and global Geothermal market with forecasts up to 2030. The report analyzes the power market scenario in Japan (includes conventional Hydro,…
Fluid Power Systems Market SWOT Analysis by Key Players: Parker, Eaton, Tokyo Ke …
QY Research has lately published a new report on “Global Fluid Power Systems Market: Industrial Chain Market Insights, Growth Trends and Competitive Analysis 2025,” for the forecasted period 8-years, i.e. between 2017 and 2025.
The Fluid Power Systems market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered…
New research on Medical Power Supply Market To 2022 Profiling SL Power Electroni …
This Global Medical Power Supply market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this…
