According to the latest market report published by Persistence Market Research, titled “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,” themedical 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.
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.
To Know About Latest Report Click Here: http://www.persistencemarketresearch.com/market-research/medical-power-supply-devices-market.asp
Persistence Market Research (PMR) is a U.S.-based 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, 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.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
Persistence Market Research Pvt. Ltd
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353