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Medical Power Supply Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A4972
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Market Overview:
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.
Medical power supply refers to the equipment used for delivering current to medical devices. They are used with conductors and electronic components to provide isolation between the alternating current (AC) input, internal high voltage systems and the direct current (DC) output. Some of the commonly used medical power supply systems include enclosed, open frame, external, configurable, U-bracket and encapsulated devices. They utilize reinforced insulation materials and AC-DC and DC-DC power supplies. They are used in diagnostic, medical monitoring, home patient care, dental and surgical equipment. These devices reduce electromagnetic interference and minimize the risks of electric shocks and current leakages. As a result, they are widely used in diagnostic centers, hospitals, clinics and research laboratories.
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Medical Power Supply Market Trends:
Significant growth in the medical industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, rising concerns regarding patient safety is providing a thrust to the market growth. With the increasing adoption of portable, smaller and lightweight medical equipment, healthcare organizations are widely utilizing medical power supply systems to provide effective care to the patient. Additionally, due to the onset of the coronavirus (Covid-19) pandemic, medical power supply systems are being extensively used to operate advanced equipment, such as ventilators, oxygen concentrators, magnetic resonance imaging (MRI), CT scan, electrocardiograph (ECG) and multiparameter patient monitoring devices. In line with this, the increasing preference for in-home patient care among the masses is also contributing to the market growth. Other factors, including the widespread adoption of data centers to maintain electronic health records (EHRs), along with extensive improvements in the healthcare infrastructure, are anticipated to drive the market toward growth.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical power supply market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, converter type and application.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- 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:
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- 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Converter Type, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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 |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global medical power supply market was valued at US$ 1.6 Billion in 2022.
We expect the global medical power supply market to exhibit a CAGR of 5.83% during 2023-2028.
The rising utilization of medical power supply in diagnostic, home patient care, dental, and surgical equipment to provide enhanced safety to the patients, is primarily driving the global medical power supply market.
The sudden outbreak of the COVID-19 pandemic has led to the growing utilization of medical power supply to operate advanced equipments, such as ventilators, oxygen concentrators, ECG and multiparameter patient monitoring devices, for the treatment of the COVID-19 infected patients.
Based on the type, the global medical power supply market can be categorized into open frame power supply, enclosed power supply, adapter power supply, and converters. Among these, enclosed power supply exhibits clear dominance in the market.
Based on the converter type, the global medical power supply market has been segmented into AC- DC power supply and DC-DC power supply. Currently, AC-DC power supply converter represents the largest market share.
Based on the application, the global medical power supply market can be bifurcated into diagnostic, imaging and monitoring equipment, surgical equipment, home medical equipment, and others Among these, diagnostic, imaging and monitoring equipment accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global medical power supply market include 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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