The global market for medical power supply is expected to reach approximately USD 1 billion by the end of 2020, growing at a CAGR of around 7.4% from 2014 to 2021.
The power supplies are mainly classified into regulated supply and unregulated power supply. The regulated power supply maintains a constant output voltage or current despite variations in load current or input voltage.
On the other hand, in the unregulated power supply, the output can change drastically when the load current or input voltage changes. North America is considered to be the largest market for medical power supply because of the increasing incidence of lifestyle diseases and rise in the number of healthcare facilities.
Global Medical Power Supply Market-Market Dynamics
The report details several factors driving and restraining the market, some of which are listed below.
Advancements in the field of healthcare equipment
Rise in the number of healthcare facilities
Increasing incidences of chronic diseases
Rising demand for portable and home-based devices
The huge cost involved in the process and strict government regulations and guidelines are hindering the growth of the market.
The global medical power devices market is segmented on the basis of type (programmable power supply, uninterruptible power supply and high voltage power supply), specialty (respiratory [positive airway pressure devices (PAP), ventilators, oximeters, nebulizers, oxygen concentrators and portable inhalers], radiology [X-ray, computed tomography, magnetic resonance imaging, ultrasound and positron emission tomography], monitoring devices [ECG devices, EEG devices, anesthesia monitors, blood pressure monitors, blood glucose monitors and blood gas analyzers] and surgical devices [neurosurgery devices, plastic surgery devices, thoracic surgery devices, cardiovascular surgery devices and orthopedic surgery devices]), technology (AC to DC power supply and DC to DC power supply) and region (North America, Europe, Asia-Pacific and Rest of the World).
What the Report Offers
Market definition along with identification of key drivers and restraints for the market.
Market analysis for the medical power supply market, with region-specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the medical power supply market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Manager – Partner Relations & International Marketing
Ph: +1-214-377-1121 (US)/ +44-020-3286-9338 (UK)