Global Medical Power Supply Market Analysis and Size
Medical Power Supply Market is projected to reach USD 1.9 billion by 2027 from USD 1.5 billion in 2022, at a CAGR of 6.5% from 2022 to 2027. Growing adoption of home-used products, technological advancements new product launches, increased research spending on energy-efficient power supplies coupled with rising number of PSUs suppliers are the key factors driving the market in near future.
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The equipment used to deliver current to medical devices is known as a medical power supply. They are separate and self-contained devices. They are sometimes incorporated into larger devices or equipment. They provide isolation between the alternating current (AC) input, internal high voltage systems, and the direct current (DC) output by combining conductors and electronic components.
This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
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.
Asia Pacific to register major growth in the market during the forecast period
Asia Pacific medical power supply market is anticipated to register highest growth over the forecast period of 2022 to 2027. Major growth of the market is attributed to the growing installation of diagnostic imaging equipment, rapidly expanding urban population, significant investments in infrastructure expansion, and a strong industrial manufacturing base creating more opportunities for market players.
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This report has segmented the global Medical Power Supply market into following segments sub-segments:
By Converter Type
- AC-DC Power Supply
- DC-DC Power Supply
By Application
- Diagnostic Imaging Systems
- Patient Monitoring Equipment
- Surgical Equipment
- Dental Equipment
- Home Use Wearable Equipment
- Implantable Medical Devices
- Other Applications
By Architecture
- Enclosed Power Supply
- Open Frame Power Supply
- External Power Supply
- U-Bracket Power Supply
- Encapsulated Power Supply
- Configurable Power supply
By Manufacturing Type
- Standard Power Supply
- Customized Power Supply
- CF Rating Power Supply
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Recent Developments
- In July 2022, Advanced Energy Industries expanded its SL Power SLB series with the launch of a 300 W power supply.
- In July 2022, Wall Industries, Inc. introduced four DC/DC converters (DCSMU1, DCSMU2, DCMHP06, and DCMHPL20) ranging from 1 to 20 watts and two AC/DC power supplies (PSAMPS45 and PSAMPS65) at 45 and 65 watts
- In June 2022, XP Power launched compact medical desktop power supplies. This AQM AC/DC power supply is a space-saving fan-less solution for home healthcare and hospital applications
- In April 2022, Wall Industries, Inc. introduced five new variants to expand its PSSW family of open frame AC/DC supplies. The models include PSSW120, PSSW225, PSSW350, PSSW450, and PSSW550
- In April 2022, Advanced Energy Industries acquired SL Power Electronics Corporation, a provider of customized power solutions for medical and advanced industrial applications, from Steel Partners Holdings L.P. The acquisition expanded Advanced Energy’s medical power solution offerings through the addition of a complementary portfolio of products and its ability to meet the growing needs of industrial and medical customers
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