(PharmaNewsWire.Com, July 12, 2017 ) According to the report Global Medical Power Supply Devices Market, published by Market Data Forecast, the global market is projected to reach USD 1100 million by 2021, at a CAGR of 5.92% from 2016 to 2021.
A medical power supply device refers to the medical electrical equipment for instance transformers and reactors that are used for supply of power to various medical devices. 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.
Global Medical Power Supply Devices Market: Drivers & Restraints Rise in digitally controlled and high efficiency power supply devices, developments in medical device technology, growing opportunities in developing economies, portable medical devices and increase in frequency of occurrence of lifestyle diseases are the driving forces for the market. However, stringent regulations and certification bodies, downturn in many major economies and the high cost that are associated with these medical devices are the few factors restraining the growth of market for medical power supply devices.
Global Medical Power Supply Devices Market: Segmentation ByTechnology AC-DC power supply DC-DC power supply By Type Enclosed External Open Frame Configurable Encapsulated By Application Medical Monitoring Equipment Diagnostic Equipment Dental Equipment Home Patient Care Equipment Surgical Equipment
Global Medical Power Supply Devices Market: Overview Market for medical Power Supply devices is growing at a significant rate due to factors like increasing popularity for powered devices in healthcare sector, increase in the aging population and enhancement of facilities in healthcare. Popularity gained by the powered medical devices is attributed to their user-friendly nature and rise in efficiency offered by the power supply devices in a medical procedure. And also, technological developments and new innovations in the field and initiation from government to rise the usage of medical devices have also helped in growing the medical power supply devices market.
The external medical power supply market is anticipated to show the highest growth due to an increase in compact, portable medical devices usage, which increasingly employ external medical power supply. The upsurge in home healthcare market which comprises smaller, portable and convenient to use medical devices is another factor bolstering the growth of external power supply market
Global Medical Power Supply Devices Market: Region-wise Outlook Furthermore, based on geography the global medical power supply device market is analysed under various regions namely, North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America dominates the global market for medical power supply devices due to easy adoption of technology advancements and wide-ranging technical applications of medical power supply devices in the region. Asia, followed by the Europe, is likely to experience high growth rate in the coming few years in global medical power supply devices market. In the next few years, the growth of the market in the Asian region is likely to be centred at India, China, Taiwan, Korea, and Singapore
Key Questions Answered What will be the market growth till 2021 and what will be the resultant market forecast in the year? What was the market size from 2016 to 2021 ? What is the current and future Medical Power Supply Devices Market outlook in worldwide? What trends are affecting the Global market? What is the competitive landscape and market share of major players in the Medical Power Supply Devices space in global? What are the key, high growth markets that Medical Power Supply Devices manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the Medical Power Supply Devices currently on the market? How will emerging technologies fulfil these unmet needs? What is physician perception and market outlook of Medical Power Supply Devices? What are the challenges and barriers that have hindered widespread adoption of Medical Power Supply Devices?
Global Medical Power Supply Devices Market: Key Players One of the latest trends that have been observed in medical power supply devices market includes companies being involved in R&D division for more ground-breaking products with enhanced efficiency. Some of the major companies operating in the medical power supply devices market are TDK Lambda, SL Power Electronics, Emerson Network Power, ICCNexergy, Powerbox, Astrodyne Corporation, Delta Electronics, Inc., Mean Well Enterprises Co., Ltd and Excelsys Technology.
Reasons to buy Global Medical Power Supply Devices Market Report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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