HOME Press Releases Medical Power Supply Market worth 1,218.6 Million USD by 2022



Medical Power Supply Market worth 1,218.6 Million USD by 2022


The report "Medical Power Supply Market by Current Type (AC-DC Power Supply), Application (Monitoring Equipment (MRI, ECG, EEG, PET, Multiparameter Monitor, Ultrasound, X-ray, MEG), Construction (Enclosed, External), Power Ranges (200w) - Global Forecast to 2022", The global medical power supply market is expected to reach USD 1,218.6 Million by 2022 from USD 885.3 Million in 2017, at a CAGR of 6.6% from 2017 to 2022.

                                Download PDF Brochure     Speak to Analyst     Inquiry Before Buying

Browse 145 Market Data Tables and 30 Figures spread through 167 Pages and in-depth TOC on "Medical Power Supply Market by Current Type (AC-DC Power Supply), Application (Monitoring Equipment (MRI, ECG, EEG, PET, Multiparameter Monitor, Ultrasound, X-ray, MEG), Construction (Enclosed, External), Power Ranges (200w) - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/medical-power-supply-market-1208.html
Early buyers will receive 10% customization on reports.

The major factors driving the growth of this market can be attributed to the growth in funding and infrastructure development, advancements in medical power supply products, and rising trend of home healthcare. The high growth in developing countries across Asia and Latin America are expected to provide significant growth opportunities for players operating in the medical power supply market in the coming years.

AC-DC Power Supply to hold the largest market share during the forecast period

Based on current type, the medical power supply market is segmented into AC-DC power supply and DC-DC power supply. In 2016, the AC-DC power supply accounted for the largest share of the market. The advantages of AC-DC over DC-DC power supply, such as low energy consumption, low risk of current leakage, and greater efficiency are supporting the growth of the AC-DC power supply market.

Home Medical Equipment segment to grow at the highest CAGR during the forecast period

On the basis of application, the market is classified into diagnostic & monitoring equipment, home medical equipment, dental equipment, and surgical equipment. The home medical equipment segment is expected to grow at the highest CAGR during the forecast period. The increasing adoption of portable devices due to their ease of use and cost-efficiency are driving market growth in this segment.

North America dominated the medical power supply market in 2016

In 2016, North America accounted for the largest share of the global medical power supply market, followed by, Asia, Europe, and RoW. This growth can be attributed to the strong base of healthcare facilities, especially hospitals and diagnostic imaging centers.

Market Players

XP Power (Singapore), Spellman High Voltage Electronics Corporation (U.S.), Powerbox International AB (Sweden), Delta Electronics (Taiwan), and Astrodyne TDI Power Supplies and EMI Filters (U.S.) are the key players in the medical power supply market between 2017 and 2022. Other major players operating in this market are Meanwell Enterprises (Taiwan), Handy and Harman (U.S.), Globtek (U.S.), FRIWO Gerätebau (Germany), Inventus Power (U.S.), Wall Industries (U.S.), SynQor (U.S.), Protek Power N.A., (U.S.)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports