Global Medical Power Supply Devices Market, 2016 - 2022

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Global Medical Power Supply Devices Market, 2016 - 2022
Global Medical Power Supply Devices Market, 2016 - 2022
Persistence Market Research
Global Medical Power Supply Devices
Market is Expected to be Valued at US$
1,613.9 Mn by 2022: Persistence Market
Research
Persistence Market Research
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Global Medical Power Supply Devices Market, 2016 - 2022
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research “Global Market Study on Medical Power
Supply Devices: Rising Demand for Portable and Homecare Devices Is Expected To
Drive Growth of Market during the Forecast Period 2016 - 2022,” the medical power
supply devices market is estimated to be valued at US$ 1,263.3 Mn by the end of 2016 and
is anticipated to expand at a CAGR of 4.5% from 2016 to 2022, to account for US$ 1,613.9
Mn by 2022.
Proliferation of diagnostic equipment and systems, coupled with rising incidences of chronic
diseases, is expected to drive the global adoption of medical power supply devices during
the forecast period
Power supply devices, also known as ‘electric power converters,’ are electronic devices that
convert one form of electrical energy into another and supply electrical energy to an electric
load. Medical power supply devices are used in a wide range of medical applications such as
MRI, X-ray, CT and PET scanners, patient monitors, blood analyzers, DNA equipment, dental
equipment, and robotic surgical devices. The increase in healthcare expenditure in emerging
economies is expected to create new growth opportunities for medical equipment
manufacturers, which in turn are expected to augment the growth of the market for medical
power supply devices in the near future. Also, wireless medical device manufacturers
demand flexibility in terms EMC (Electromagnetic compatibility) and EMI requirements for
power supplies in order to cater to the increasing demand from healthcare institutions.
Power supply manufacturers are currently focusing on developing compact-sized and
energy-efficient medical power supplies for wireless test and measurement equipment for
medical applications. Increasing demand for wireless medical devices/equipment is
anticipated to result in increased spending by manufacturers on designing and
manufacturing medical power supply, which meets specific equipment requirements.
Moreover, with the increasing number of players in this industry, existing players are
leveraging their technical expertise to introduce newer application-specific products in order
to establish their footprint in the highly competitive environment.
Currently, the global medical power supply devices market is primarily driven by the
proliferation of diagnostic equipment and systems. Rising incidences of chronic diseases
among patients, especially in the developed regions, is promoting the adoption of Type CF
Persistence Market Research
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Global Medical Power Supply Devices Market, 2016 - 2022
(Cardiac Floating) equipment, wherein the applied part is in direct conductive contact with
the patient’s heart. However, factors such as pricing pressure, product recall, and the foray
of multi-functional equipment are expected to constrain the growth of the market over the
forecast period.
On the basis of the end user, the medical power supply devices market is segmented into
hospitals, ambulatory surgical centers, clinics, long-term care centers, rehabilitation centers,
diagnostic centers, and home care settings. The hospitals segment is expected to account
for 75.7% share of the global medical power supply during the forecast period (2016–2022).
The home care settings segment is expected to expand at the highest growth rate, followed
by the diagnostic centers segment, during the forecast period. The long-term care centers
segment has been estimated to account for 11.8% share of the market by 2015 end (in
terms of value) and is expected to expand at a CAGR 4.3% during the forecast period.
On the basis of product type, the medical power supply devices market is segmented into
the standard medical power supply and configurable medical power supply. The standard
medical power supply segment is expected to account for 59.8% value share of the medical
power supply devices market by 2022 end. Adoption of standard medical power supply
devices is primarily driven by increasing adoption of medical devices by clinics and
outpatient surgical centers (which are primarily integrated with standard standalone medical
power supply). The configurable medical power supply segment is expected to expand at
CAGR 6.3% during the forecast period in terms of value. Rise in healthcare expenditure,
along with increasing demand for portable and homecare devices, is expected to drive the
growth of the medical power supply devices market during the forecast period.
The Asia-Pacific region is expected to continue to dominate the market over the forecast
period, accounting for 41.0% value share of the global medical power supply devices market
by the end of 2022. This is primarily attributed to the shift in manufacturing facilities of
leading medical equipment/devices manufacturers from another region to the Asia Pacific
region, primarily due to the availability of cheap labor. In addition, increasing in the number
of hospitals and healthcare facilities requiring medical equipment and devices in the region
is also paving the way for regional manufacturers of medical power supply devices to
leverage the potential revenue opportunity in Asia Pacific.
Persistence Market Research
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Global Medical Power Supply Devices Market, 2016 - 2022
Request Sample Report: http://www.persistencemarketresearch.com/samples/3514
Leading players in the medical power supply devices market, including XP Power, CUI Inc.,
Astrodyne TDI, Artesyn Embedded Technologies (Emerson Network Power), TDK-Lambda, SL
Power Electronics, and Powerbox International AB, are introducing products that would be
able to cater to the current and future market demands. In June 2015, GlobTek, Inc.
introduced Level VI Compliant Medical and ITE power supplies. These Level VI power
supplies are far better and improved than the External Power Supplies (EPS), which comply
with the current Level V regulations and are well ahead in terms of February 10, 2016,
compliance requirement for External Power Supplies (EPS).
View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/medical-power-supply-devices-market.asp
Market History:
Power supplies are electronic or electrical equipment, which changes the form of a source of
power into the desired form compatible with equipment for which the power supply is used.
Medical power supply devices are used in a wide range of medical applications such as MRI,
X-ray, CT and PET scanners, patient monitors, blood analyzers, DNA equipment, dental
equipment, and robotic surgical devices. Specification and selection of power supplies for
medical applications is a task that needs to be executed effectively; especially, due to the
frequent changes in the safety and environmental standards for medical equipment.
Electromagnetic Interference (EMI) creates significant distortion to the operation of
equipment. Medical equipment is more sensitive to Electromagnetic Interference (EMI) as
compared to industrial equipment. This, in turn, makes EMC (Electromagnetic Compatibility)
with efficient performance a key challenge for OEMs of medical power supply devices.
The global medical power supply devices market has been estimated to be valued at US$
1,188.7 Mn by 2015 end, and is expected to expand at a CAGR of 4.5% from 2016 to 2022.
The global medical power supply devices market is segmented on the basis of product type,
function, end user, and region. By product type, the market is segmented as standard
medical power supply and configurable medical power supply. Standard medical power
Persistence Market Research
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Global Medical Power Supply Devices Market, 2016 - 2022
supply segment is analyzed to dominate the market by 2015 end, accounting for more than
64% market share in terms of revenue.
The global medical power supply devices market is segmented on the basis of end-users into
hospitals, ambulatory surgical centers, clinics, long-term care centers, rehabilitation centers,
diagnostic centers, and home care settings. The hospital end-user segment is estimated to
be the most dominant segment in 2015 (in terms of revenue); however, the home care
setting segment is expected to expand at the highest CAGR during the forecast period,
primarily due to the increasing demand for medical-care at home.
On the basis of geographic location, the global medical power supply devices market is
segmented into North America, Europe, Middle East & Africa, Asia Pacific and Latin America.
Among these, Asia-Pacific is estimated to be the largest market in 2015 (in terms of
revenue) and is expected to retain its dominance in the medical power supply devices
market over the long run.
For more Info: http://www.persistencemarketresearch.com/contact-us.asp
Key players in the medical power supply devices market include XP Power, CUI Inc.,
Astrodyne TDI, Artesyn Embedded Technologies (Emerson Network Power), TDK-Lambda, SL
Power Electronics, Delta Electronics, Inc., GlobTek, Inc., and Powerbox International AB.
Currently, the medical power supply devices manufacturers are focusing on creating smaller,
efficient, and reliable medical power supply devices that could be offered at a competitive
price. Besides, omnichannel distribution is a key go-to-market strategy adopted by most of
the leading players in this market currently.
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About Us:
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated
research, custom research, and consulting services. PMR boasts market research expertise across the
Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages,
Persistence Market Research
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Global Medical Power Supply Devices Market, 2016 - 2022
Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The
company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data
that precisely corresponds to clients’ business needs.
Contact Us:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
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Web: http://www.persistencemarketresearch.com
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