The Asia-Pacific Medical Power Supply Devices Market is valued at $165.02 million in 2015 and is predicted to reach $232.75 Million by the end of 2020, growing with a CAGR of 7.12% during the forecasted period. A medical power supply devices are referred to the electrical equipment for medical purposes used in reactors and instance transformers that are used to supply power for various medical devices.
Medical Power Supply devices market is growing at a significant rate as a result of increase in the increasing popularity for powered equipment in healthcare, aging population sector and advancements in the healthcare facilities. Powered medical equipment are also gaining popularity attributing to their increased efficiency and user-friendly nature offered by them in a medical examination. Furthermore, technological innovations in the field and initiatives from the governments are increasing the use of medical equipment which are in turn aiding the growth of medical power supply devices market. With increase in digitally controlled power supply and efficiency, innovations in technology for medical device, opportunities available in the emerging economies, increase in aging population, portable medical devices, and increase in occurrence of chronical diseases, the growth of the market is propelling.
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However, strict regulations and certification systems, slow economy in many major economies and the high cost that are associated with these medical devices are the few factors effecting the growth of market for medical power supply devices.
The Asia-Pacific medical power supply market is segmented on the basis of – technology, type, and application. Based on technology, the market is again segmented into DC-DC and AC-DC power supply. The market based on type is segmented into external, enclosed, open frame, encapsulated and configurable. Based on application it is segmented into diagnostic equipment, medical monitoring equipment, dental equipment, surgical equipment and home patient care equipment.
The external medical power supply market is estimated to be highest growing segment because of the increased usage of portable, compact medical devices, which requires an increased employment of external medical power supply. The growth in home healthcare market comprising of portable, smaller and convenience of using medical devices is another factor helping the growth of market for external power supply.
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In addition, based on geographical region, the Asia-Pacific Market is analysed under various regions namely, India, China, Japan and South Korea. 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
The latest trends observed in medical power supply devices market includes companies being involved in R&D division for more innovations and 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.
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