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3. Advanced Energy Industries (US) and Delta Electronics (Taiwan) are the Key Players in the Medical Power Supply Market

The 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. Growth in this market is primarily driven by technological advancements towards the development of programmable medical power supply ; increased funding, research grants, and public-private investments; growing government initiatives to improve healthcare nfrastructure of hospitals; and the emergence of modular AC-DC power supply. However, the technical limitation for conventional medical power supplies is expected to limit market growth in the coming years. Complex regulatory frameworks that delay the approval of new medical power supply are also expected to challenge market growth to a certain extent.

The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2017–2020 to expand their global presence and increase their market shares in the medical power supply  market. The key growth strategies adopted by the top players in the market include product launches and approvals, agreements, expansions, and acquisitions. Acquisitions were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market. In 2019, the medical power supply  market was dominated by Advanced Energy Industries (US), Delta Electronics (Taiwan), TDK-Lambda Corporation (Japan), SL Power Electronics (US), and XP Power (Singapore),

To know about the assumptions considered for the study download the pdf brochure

Advanced Energy Industries (US) has a wide range of product offerings in the medical power supply  market, including low voltage AC-DC medical power supply,  low voltage DC-Dc medical power supply, high voltage AC-DC power Supply and High voltage DC-DC power supply. The company sustains its key position in the global medical power supply s market owing to its multiple strategic acquistion Advanced Energy Industries  has a strong product portfolio, supporting around  medical OEMs worldwide.The company is focused on innovations and improving the quality of its products with increasing investment in its R&D department. Advanced Energy Industries global footprint allows it to cater to a customer base across North America, Europe, Middle East & Africa , and Asia Pacific.

Delta Electronics (Taiwan): Delta is one of the leading players in the global medical power supply market. Its broad portfolio of standard AC-DC and DC-DC converters is the key factor accounting for its large share in this market. The company focused on organic strategies such as product launches and introduced many new and advanced configurable AC-DC power supply solutions to support medical applications such as diagnostic imaging systems and patient monitoring devices.

Related Reports:

Medical Power Supply Market by Converter Type (AC-DC, DC-DC), Application (MRI, ECG, EEG, PET, CT Scan, Ultrasound, X-ray, MEG, Mammography, Ablation, Dental), Construction (Enclosed, External, Encapsulated), Type (Standard) - Global Forecast to 2025

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