Global Medical Power Supply
Market Report
2024
Medical Power Supply Market was valued at USD 1.3 Billion in 2022 and will reach USD 1.96 Billion by 2030, registering a CAGR of 5.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Medical Power Supply Market was valued at USD 1.3 Billion in 2022 and will reach USD 1.96 Billion by 2030, registering a CAGR of 5.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Medical Power Supply Market Sales Revenue 2022 | $ 1.3 Billion |
Global Medical Power Supply Market Sales Revenue 2030 | $ 1.96 Billion |
Global Medical Power Supply Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Converter Type |
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Market Split by Application |
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Market Split by Architecture |
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Market Split by Manufacturing Type |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Medical Power Supply Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Medical power supply provides conditioned outputs for medical devices, instruments, and equipment. They are designed to meet the IEC601(EN60601) and UL60601 safety standards, which apply to electrical, medical, and dental equipment intended for professional usage. The medical power supply market is an important part of the healthcare industry since it provides power solutions for various medical devices and equipment. In recent years, the market has grown significantly, owing to reasons such as increased need for modern healthcare infrastructure, rising prevalence of chronic diseases, and technical breakthroughs in medical devices. The global ageing population is one of the primary drivers of the medical power supply market. With an increasing number of the elderly requiring medical care, the demand for medical devices such as patient monitoring systems, diagnostic equipment, and surgical instruments has increased. These devices rely on efficient and dependable power sources to ensure precise and continuous operation, driving growing demand for medical power supply solutions. Furthermore, regulatory bodies such as the United States Food and Drug Administration (FDA) and the International Electrotechnical Commission (IEC) have compelled healthcare facilities to adhere to strict quality standards in medical equipment and power supply selection. As a result, there is a rising emphasis on dependable and efficient power solutions that meet the necessary certifications and safety standards.
The growing demand for advanced healthcare infrastructure is driving the medical power supply industry. As healthcare systems around the world attempt to deliver better treatment and outcomes for their patients, there is an increasing need for modernised healthcare facilities outfitted with cutting-edge medical technology and equipment. Hospitals, clinics, ambulatory surgical centres, and other medical facilities with advanced healthcare infrastructure are supplied with cutting-edge technologies and equipment to provide high-quality healthcare services. These facilities require dependable power supply solutions to run a variety of medical devices and equipment, such as imaging systems, diagnostic equipment, life support systems, surgical tools, and patient monitoring devices. For these advanced healthcare facilities to provide accurate diagnosis, effective treatment, and patient safety, an efficient and uninterrupted power supply is critical. Medical power supplies are crucial in powering and supporting this equipment, supplying the electrical energy required for optimal operation. They ensure that medical equipment continues to function throughout crucial operations, emergencies, and normal patient care.
Stringent compliance and regulation are a major constraint to the medical power supply sector. Regulatory entities such as the United States Food and Drug Administration (FDA), the International Electrotechnical Commission (IEC), and other regional authorities impose various restrictions and safety requirements on the healthcare business. These requirements ensure patient safety, device dependability, and quality criteria are met. Medical power supply manufacturers may find it difficult to comply with these restrictive regulations. To satisfy the required requirements, they must invest large money in research and development, testing, and certification processes. Electrical safety, electromagnetic compatibility (EMC), leakage current, insulation resistance, and other key requirements must all be met. Complex documentation, testing, and audits are frequently used to establish compliance with rules. This might result in higher prices and a longer time to market for medical power supply equipment. Manufacturers need to dedicate time and experience to navigating the regulatory landscape and ensuring that their products receive the requisite certifications and approvals.
The pandemic of COVID-19 has had a considerable impact on the medical power supply sector, resulting in both challenges and opportunities. The pandemic increased demand for medical devices and equipment, especially those powered by medical power supply, to combat the virus and provide required patient care. Because of lockdowns, travel restrictions, and material shortages, the supply chain was stretched, causing problems in the manufacturing and distribution of medical power supplies. The pandemic, on the other hand, hastened the use of telemedicine and remote patient monitoring, necessitating the need for dependable power supplies to support these distant healthcare practises. Furthermore, the economic downturn encouraged industry collaboration and innovation, with manufacturers focusing on producing more efficient, compact, and reliable power supply systems. As healthcare systems recover and adapt to new challenges, demand for medical power supplies is expected to remain strong, owing to the ongoing need for advanced medical technologies and the recognition of the critical role that reliable power supplies play in ensuring quality patient care in both conventional and remote healthcare settings.
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The companies enter into partnership, mergers and acquisition and also launches new products to expand their portfolio. For instance, Delta introduces the MEB-1K5A, a 1,500 W medical grade enclosed power supply, to its MEB Series. The MEB-1K5A is 5" x 8.03" x 1.59" and has a single output voltage of 24 V or 48 V. The MEB-1K5A 48 V variant can also handle up to 2,200 W peak power for 300 milliseconds. Current sharing, analogue voltage reduction, remote on/off control, and intelligent fan speed management are further features.
XP Power introduces the FCB100 series of AC-DC power supply. For Class I and II (no ground connection) operation, the series is certified to medical (including BF), ITE, and domestic standards. The open frame modules are appropriate for medical, home healthcare, test & measurement, broadcast, networking, communications, and other industrial equipment since they have Class B conducted and radiated emissions in both Class I & Class II configurations and support both convection & fan cooled applications. All variants in the FCB100 series feature a no-load power consumption of less than 0.3W and accept a wide operational input voltage range of 80 to 264VAC, allowing for worldwide compatibility for home healthcare applications.
Higher power variants are chassis mount units with an open frame or metal housing that are ideal for usage in medical and home healthcare applications like ultrasound machines and medical beds. These power supplies include a universal input voltage of up to 264 VAC and output voltages of 12, 15, 24, 27, 36, and 48V, which can be modified using an integrated trim pot. The devices are safe and durable, with an operating temperature range of -40 to +70°C (+85°C for the 100/120W items). All units are capable of operating at 5,000m altitude, and active power factor correction is provided to improve power quality. Furthermore, a low standby power consumption figure of 0.5 W is achieved.
Top Companies Market Share in Medical Power Supply Industry: (In no particular order of Rank)
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North America has dominated the medical power supply industry owing to its high healthcare expenditure. The healthcare systems in the region invest major resources and financing to innovative medical technologies, such as medical gadgets and equipment supplied by dependable power supplies. The United States, in instance, has one of the highest healthcare costs in the world, owing to factors such as a huge population, high per capita income, and a well-developed healthcare insurance system. The significant healthcare expenditure offers the required financial backing for the acquisition of innovative medical power supply solutions, contributing to the region's market dominance. Furthermore, the existence of significant healthcare organisations, research institutions, and important medical device manufacturers in North America contributes to the market's expansion. For instance, according to the National Health expenditure, the United States has one of the highest healthcare prices in the world. In 2021, the United States' healthcare spending will total $4.3 trillion, or nearly $12,900 per person. In comparison, the average cost of healthcare per person in other developed countries is roughly half that amount.
The current report Scope analyzes Medical Power Supply Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Medical Power Supply Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Power Supply Industry growth. Medical Power Supply market has been segmented with the help of its Converter Type, Application Architecture, and others. Medical Power Supply market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
In the medical power supply market, AC-DC power supplies have the largest market share. AC-DC power supplies are critical components that convert alternating current (AC) power from the main power grid into direct current (DC) power ideal for powering a variety of medical devices and equipment. Because of their versatility and compatibility with a wide range of medical applications, AC-DC power supplies are frequently employed in the healthcare business. These power supplies are popular among medical device manufacturers and healthcare facilities due to their high efficiency, dependable performance, and compliance with demanding regulatory standards. The rising adoption of complex medical technologies, such as MRI, CT scanners, and ultrasound machines, which require precise and high-quality power sources, is driving demand for AC-DC power supplies in the medical sector. Furthermore, the increasing popularity of portable and wearable medical devices such as infusion pumps, patient monitoring systems, and wearable sensors has increased demand for compact and efficient AC-DC power supply solutions. For instance, The AC/DC stage prototype is developed, and it achieves 98.5% efficiency at switching frequencies greater than 300 kHz.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Medical Power Supply Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Medical Power Supply from 2019 to 2031. This will also help to analyze the demand for Medical Power Supply across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Medical Power Supply are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Medical Power Supply market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Medical Power Supply Market is witnessing significant growth in the near future.
In 2023, the AC-DC Power Supply segment accounted for noticeable share of global Medical Power Supply Market and is projected to experience significant growth in the near future.
The Diagnostic Imaging Systems segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Delta Electronics Inc. , Advanced Energy Industries Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Converter Type | AC-DC Power Supply, DC-DC Power Supply |
Application | Diagnostic Imaging Systems, Patient Monitoring Equipment, Surgical Equipment, Dental Equipment, Home Use & Wearable Equipment, Implantable Medical Devices, Other Applications |
Architecture | Enclosed Power Supply, Open Frame Power Supply, External Power Supply, U-Bracket Power Supply, Encapsulated Power Supply, Configurable Power supply |
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 |
List of Competitors | Delta Electronics Inc., CUI Inc., Advanced Energy Industries Inc., Globtek Inc., Mean Well Enterprises Co. Ltd, Powerbox International AB, SL Industries Inc., Spellman High Voltage Electronics Corporation, TDK-Lambda Corporation, XP Power. |
This chapter will help you gain GLOBAL Market Analysis of Medical Power Supply. Further deep in this chapter, you will be able to review Global Medical Power Supply Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Medical Power Supply Market Trends North America Medical Power Supply Technological Road Map North America Medical Power Supply Market Drivers North America Medical Power Supply Market Restraints North America Medical Power Supply Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Converter Type Analysis 2019 -2031, will provide market size split by Converter Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Converter Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Architecture Analysis 2019 -2031
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Chapter 13 Market Split by Manufacturing Type Analysis 2019 -2031
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Chapter 14 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Power Supply market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why AC-DC Power Supply have a significant impact on Medical Power Supply market? |
What are the key factors affecting the AC-DC Power Supply and DC-DC Power Supply of Medical Power Supply Market? |
What is the CAGR/Growth Rate of Diagnostic Imaging Systems during the forecast period? |
By type, which segment accounted for largest share of the global Medical Power Supply Market? |
Which region is expected to dominate the global Medical Power Supply Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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