Medical Power Supply Devices Market –Industry Analysis, Size, Share, Growth, Trends And Forecasts (2018-2023)

According to the report “Global Medical Power Supply Devices Market,” published by
Market Data Forecast, market size was worth USD 539.34 billion in 2018 and is expected to
reach USD 708.24 billion by 2023 at a CAGR of 5.6%.
A medical power supply device refers to the medical electrical equipment for instance
transformers and reactors that are used for supply of power to various medical devices.
Power supplies are electronic or electrical equipment, which changes the form of a source
of power into the desired form compatible with equipment for which the power supply is
used.
Medical power supply devices are used in a wide range of medical applications such as MRI,
X-ray, CT and PET scanners, patient monitors, blood analyzers, DNA equipment, dental
equipment, and robotic surgical devices. Specification and selection of power supplies for
medical applications is a task that needs to be executed effectively; especially, due to the
frequent changes in the safety and environmental standards for medical equipment.
Electromagnetic Interference (EMI) creates significant distortion to the operation of
equipment. Medical equipment is more sensitive to Electromagnetic Interference (EMI) as
compared to industrial equipment. This, in turn, makes EMC (Electromagnetic Compatibility)
with efficient performance a key challenge for OEMs of medical power supply devices.
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Rise in digitally controlled and high efficiency power supply devices, developments in
medical device technology, growing opportunities in developing economies, portable
medical devices and increase in frequency of occurrence of lifestyle diseases are the driving
forces for the market. However, stringent regulations and certification bodies, downturn in
many major economies and the high cost that are associated with these medical devices are
the few factors restraining the growth of market for medical power supply devices.
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Global Medical Power Supply Devices Market: Segmentation
ByTechnology
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AC-DC power supply
DC-DC power supply
By Type
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Enclosed
External
Open Frame
Configurable
Encapsulated
By Application
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Medical Monitoring Equipment
Diagnostic Equipment
Dental Equipment
Home Patient Care Equipment
Surgical Equipment
Global Medical Power Supply Devices Market: Region-wise Outlook
Furthermore, based on geography the global medical power supply device market is
analysed under various regions namely, North America, Europe, Asia-Pacific, Latin America
and Middle-East & Africa. North America dominates the global market for medical power
supply devices due to easy adoption of technology advancements and wide-ranging
technical applications of medical power supply devices in the region. Asia, followed by the
Europe, is likely to experience high growth rate in the coming few years in global medical
power supply devices market. In the next few years, the growth of the market in the Asian
region is likely to be centred at India, China, Taiwan, Korea, and Singapore
Global Medical Power Supply Devices Market: Key Players
One of the latest trends that have been observed in medical power supply devices market
includes companies being involved in R&D division for more ground-breaking products with
enhanced efficiency. Some of the major companies operating in the medical power supply
devices market are TDK Lambda, SL Power Electronics, Emerson Network Power,
ICCNexergy, Powerbox, Astrodyne Corporation, Delta Electronics, Inc., Mean Well
Enterprises Co., Ltd and Excelsys Technology.
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