The medical power supply market is estimated to witness steady growth over the forecast period, owing to the increasing demand for medical devices used in healthcare facilities. The increasing prevalence of chronic diseases, such as diabetes and cancer, is driving the demand for medical devices that require a reliable and efficient power supply. In addition, the rising geriatric population, technological advancements in medical power supplies, and the growing demand for energy-efficient medical power supplies are some of the major factors driving the growth of the medical power supply market.
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Medical power supplies are used to provide power to medical equipment and devices, such as anesthetic machines, X-ray machines, ultrasound machines, and various other medical devices. These power supplies are used in healthcare facilities such as hospitals, nursing homes, and clinics, to provide an uninterrupted supply of power to the medical equipment. Medical power supplies are designed to meet the safety and quality standards of medical equipment in order to provide the required power to the devices.
Medical Power Supply Market Dynamics
Drivers: Growing adoption of home-use healthcare products
The aging population more prone to develop chronic disorders is another key factor fueling the demand for home healthcare products. The American Medical Association (AMA) estimates that at least 60% of individuals aged 65 years and above will be living with more than one chronic condition by 2030. The growing preference for home healthcare is expected to provide growth opportunities for players operating in the global market. The focus has shifted to designing and producing small and efficient supply units. Recent approvals in this regard include:
Restraints: safety standards and regulatory compliance
Opportunities: Emerging high-voltage DC power sources
A high-voltage power supply assembly uses a complex power conversion circuit to provide higher voltage potential. High-voltage AC-DC power supply units use filtering and shielding techniques for high stability, low ripple, noise & EMI/RFI, and well-regulated output levels. The integration of high-voltage units into precision measurement devices and sensitive medical equipment is likely to provide a lucrative opportunity in this market.
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Key Market Players
prominent players in the medical power supply market are Advanced Energy Industries, Inc (US), TDK Corporation (Japan), Delta Electronics, Inc. (Taiwan), SL Power Electronics (US), XP Power (Singapore), Bel Fuse Inc. (US), COSEL Co. Ltd. (Japan), FRIWO Gerätebau GmbH (Germany), SynQor, Inc. (US), GlobTek, Inc. (US), MEAN WELL Enterprises Co. Ltd. (Taiwan), Spellman High Voltage Electronics Corporation (US), and Astrodyne TDI (US), among others.
This report has segmented the global Medical Power Supply market into following segments & sub-segments:
By Converter Type
By Application
By Architecture
By Manufacturing Type
By Region
Recent Developments
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