IMARC Group, a leading market research company, has recently releases report titled “Medical Power Supply Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global medical power supply market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Medical Power Supply
A medical power supply is a critical component in the healthcare industry that provides a stable and reliable source of electrical energy to medical devices and equipment. It is particularly designed to meet the stringent requirements of medical applications and ensure patient safety and the dependable operation of life-saving devices. It plays an essential role in powering various devices and enabling accurate diagnostics. As it is widely utilized for a wide range of medical equipment, such as diagnostic devices, imaging systems, patient monitors, and surgical instruments, the demand for medical power supply is rising across the globe.
How Big Is the Medical Power Supply Market?
The global medical power supply market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.83% during 2023-2028.
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What are the growth prospects and trends in the medical power supply industry?
At present, the increasing need for compact and efficient power supply solutions in the healthcare sector represents one of the key factors impelling the growth of the market. Additionally, the rising popularity of remote patient monitoring is bolstering the growth of the market.
Besides this, the increasing adoption of medical devices that rely on reliable power sources is offering a positive market outlook. Moreover, innovations in power supply technologies, such as the development of low-power and high-efficiency solutions, are providing lucrative growth opportunities to industry investors.
Apart from this, the growing preference for enhanced diagnostics of diseases, along with the rising focus on patient safety, is positively influencing the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Open Frame Power Supply
- Enclosed Power Supply
- Adapter Power Supply
- Converters
Breakup by Converter Type:
- AC-DC Power Supply
- DC-DC Power Supply
Breakup by Application:
- Diagnostic, Imaging and Monitoring Equipment
- Surgical Equipment
- Home Medical Equipment
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Advanced Energy Industries Inc., Cosel Co. Ltd., CUI Inc., Delta Electronics Inc., FRIWO Gerätebau GmbH, GlobTek Inc., MEAN WELL Enterprises Co. Ltd., SL Power Electronics Corp., SynQor Inc., TDK-Lambda Corporation (TDK Corporation), Wall Industries Inc. (Continental Resources Inc.) and XP Power.
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