Global 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 according to a new report by MarketsandMarkets™. The growth of this market is mainly driven by the growing number of PSUs vendors across major markets, increasing adoption of home healthcare devices.
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Browse and in-depth TOC on "Medical Power Supply Market"
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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 market in 2019
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. The diagnostic imaging systems segment is further divided MRI systems, CT scanners, X-ray Systems, Ultrasound Systems, Mammography Systems, PET Systems and other diagnostic imaging systems, among these, MRI systems sub-segment dominated the market
The external power supply segment is expected to register the highest growth rate during the forecast period
Based on architecture, the Medical Power Supply Market has been segmented into the enclosed, open frame, external, U-bracket, configurable, and encapsulated power supply. Significant market growth and large share of external power supply segment can primarily be attributed to availability of external AC-DC power in various wall plug-ins and freestanding models or desktop AC-DC power configurations to cater to hospitals, diagnostic laboratories, clinical laboratories, and physician clinics
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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 market in 2019. 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.
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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