How much is the Medical Power Supply Market Worth?

Medical Power Supply Industry Overview: 

The medical power supply market is projected to reach USD 1.8 billion by 2025 from USD 1.3 billion in 2020, at a CAGR of 6.9% during the forecast period. The growth of this market is mainly driven by technological advances towards the development of programmable medical power supplies. increased funding, research grants and public-private investment; increased government initiatives to improve hospitals’ health infrastructure; The advent of modular AC-DC power supplies.

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The competitive landscape includes the analysis of the key growth strategies adopted by major players to expand their global presence and increase their market shares in the medical power supply market. The key growth strategies adopted by the top players in the market include product launches and approvals, agreements, expansions, and acquisitions. Acquisitions were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market. 

The 200W and less segment of treatment planning systems products to hold major market share by 2025 

Based on the converter type, the medical power supply market is segmented AC-DC power supply and DC-DC power supply. The AC-DC power supply segment is further divided into 200W and less, 201-500W, 501-1000W, 1,000-3,000W and 3000W and above. Among the AC-DC power supply products, the 200W and less segment held a major share of the market. 

Based on application, the radiation oncology segment is expected to account for the largest share of the medical power supply market 

Based on application, the medical power supply market has been segmented into diagnostic imaging systems, patient monitoring equipment, home use and wearable medical equipment, implantable medical devices, dental equipment, surgical equipment, and other medical devices. 

North America is expected to dominate the global medical power supply market 

North America, comprising the US and Canada, accounted for the largest share of the medical power supply market. Increasing number of vendors manufacturing medical power supply and a growing number of approvals for medical power supply are the major factors driving market growth in North America. 

Some prominent players in the global Medical Power Supply Market Include:

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

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Medical Power Supply Market Segmetation

This report has segmented the global market based on converter type,  application, architecture, manufacturing type,  and region.

Global Medical Power Supply Market, by Converter Type

  • AC-DC Power Supply
    • 200W and less
    • 201-500W
    • 501-1,000W
    • 1,001-3,000W
    • 3,001W and above
  • DC-DC Power Supply
    • 30W and less
    • 31-60W
    • 61W and above

Global Medical Power Supply Market, by Application

  • Surgical Equipment
    • Radiofrequency- Based Ablation System
    • Electric and Electroporation Abaltion System
    • Light and Laser-Based Ablation System
    • Aesthetic Laser System
    • Opthalmology Laser Devices
    • Other Surgical  Equipments
  • Dental Equipments
  • Home Use and Wearable Medical Equipments
  • Diagnostic Imaging System
    • MRI
    • X-Ray System
    • CT Scanner
    • Ultrasound System
    • Mammography System
    • Positron Emission Tomography (PET)
    • Other Diagnostic System
  • Patient Monitoring Equipment
    • Electrocardiograph (ECG)
    • Electroencephalography (EEG)
    • Magnetoencephalography (MEG)
    • Multiparameter Patient Monitor
    • Other Monitoring Equipment
  • Implantable medical devices
  • Other Medical Devices

Global Medical Power Supply Market, by Architecture

  • Enclosed Power Supply
  • Open Frame Power Supply
  • External Power Supply
  • U-Bracket Power Supply
  • Encapsulated Power Supply
  • Configurable Power supply

Global Medical Power Supply Market, by Manufacturing Type

  • Standard Power Supply
  • Customized Power Supply
  • CF Rating Power Supply

Global Medical Power Supply Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • RoAPAC
  • Latin America
    • Brazil
    • Mexico
    • RoLA
  • Middle East & Africa

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