Medical Power Supply Device Market Size Expected to Reach US$ 2.87 Billion by 2034: Fact.MR Report

According to the latest research by Fact.MR, the global medical power supply device market is expected to reach US$ 2.87 billion by 2034, rising from US$ 1.89 billion in 2024. This growth reflects a projected CAGR of 4.2% over the forecast period from 2024 to 2034.

The surge in demand is driven by the growing adoption of advanced medical technologies that require reliable and high-performance power supply systems. Increased investments in healthcare infrastructure-particularly in emerging economies like China and India-are further fueling market expansion. Government and private sector efforts to modernize hospitals and clinics are boosting the need for efficient medical power supply solutions to support a wide range of contemporary medical equipment.

For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=10620

Key Market Growth Drivers:

Advancements in healthcare technology are increasing demand for reliable power supplies in complex medical devices.
Rising use of devices like patient monitors, life support systems, and imaging tools is boosting the need for high-performance power solutions.
Growth in home healthcare and remote patient monitoring is driving demand for medical power supplies in non-clinical settings.
Portable medical devices such as glucose monitors and oxygen concentrators require compact, dependable power sources.
An aging population with chronic conditions is fueling the need for continuous power in long-term and home-based care.
Innovations in medical tech-like wearables, robotic surgery, and advanced diagnostics-are accelerating adoption of specialized power supplies.
Increasing preference for compact, real-time data-driven equipment is further expanding the market.

Which Factors Are Pushing Demand for Medical Power Supply Devices Worldwide?

"Rising Demand for Energy-Efficient Solutions and IoT Integration Driving Market Growth"

Healthcare providers are increasingly prioritizing energy-efficient power supply solutions to reduce operational costs without compromising the performance or reliability of medical equipment. This shift is fueling demand for eco-friendly medical power supplies across hospitals and clinics.

Additionally, the integration of IoT into medical devices is accelerating market growth. IoT-enabled equipment requires constant and reliable power to support real-time data transmission and continuous monitoring. As connected healthcare expands, so does the need for advanced, stable power solutions in both clinical and home settings.

What's Restraining the Adoption of Medical Power Supply Devices?

"Strict Regulatory Compliance Increasing Development Time and Costs"

Compliance with rigorous standards like IEC 60601-1, which ensures the safety and reliability of medical power supplies, presents a significant challenge. Meeting these regulations requires extensive testing, certification, and quality control-leading to higher production costs and longer product development cycles. These barriers limit manufacturers' agility, delaying product launches and slowing market responsiveness to evolving healthcare demands.

Competitive Landscape

Leading players in the medical power supply device market are heavily investing in R&D to develop innovative, energy-efficient, and compact solutions that meet the evolving needs of modern healthcare. With rising demand for portable and high-performance medical devices, manufacturers are leveraging the latest technologies-such as smart power management systems and wireless power transfer-to stand out in a competitive market.

Recent product launches highlight this innovation-driven approach:

In December 2024, Advanced Energy Industries, Inc. unveiled the Excelsys FC4000, a 4 KJ capacitor charging device with a built-in 800 W AC-DC power supply, specifically designed for powering medical laser applications.
In October 2024, Vox Power introduced the EIRE300 series, a compact AC/DC power supply line offering enhanced efficiency and reliability for medical use.
In September 2024, Advanced Energy also launched the NCF150 series, a high-isolation, low-leakage AC-DC power supply aimed at helping designers meet the stringent cardiac floating (CF) requirements of the IEC 60601-1 medical safety standard using off-the-shelf components.
These developments reflect a strong focus on compliance, innovation, and performance-key elements shaping the future of the medical power supply device industry.

Browse Full Report: https://www.factmr.com/report/medical-power-supply-device-market

Segmentation of Medical Power Supply Device Market Research

By Product Type :
Open Frame
Enclosed
Encapsulated
External
By Function :
AC-DC Power Supply Devices
DC-DC Converters
By End User :
Hospitals
Ambulatory Surgical Centers
Clinics
Rehabilitation Centers
Diagnostic Centers
Home Care Settings
By Region :
North America
Western Europe
Eastern Europe
Latin America
East Asia
South Asia & Pacific
Middle East & Africa

Check out More Related Studies Published by Fact.MR:

Finger Splint Market
https://www.factmr.com/report/finger-splint-market
Angioplasty Balloons Market
https://www.factmr.com/report/4318/angioplasty-balloons-market
Medical Suction Devices Market
https://www.factmr.com/report/5434/medical-suction-devices-market
Softgel Capsules Market
https://www.factmr.com/report/softgel-capsules-market

Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.