The growth of Medical Power Supply market is mainly driven by the growing adoption of PSU vendors, home health care devices, and growth across key markets.

[274 Pages Report] The medical power supply market is projected to reach USD 1.8 billion by 2025 from USD 1.3 billion in 2020, at a CAGR of 6.9% during the forecast period.

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Market Segmentation

Based on the converter type, the  AC-DC power supply products, the 200W and less segment held a major share of the market. The increase in the number of research activities focusing on the development of minimature 200W and less AC-DC power supply units is a key factor encouraging the growth of this segment during the forcast period.

Based on application, The diagnostic imaging systems segment is further divided MRI systems, CT scanners, X-ray Systems, Ultrasound Systems, Mammography Systems, PET Systems and other diagnostic imaging systems,  Among these, MRI systems sub-segment dominated the market. The major share of the segment is attributed to the growing number of MRI machine installation base.

Based on architecture, Significant market growth and large share of  external power supply segment can primarily be attributed  to availabiliy of external AC-DC power in various wall plug-ins and freestanding models or desktop AC-DC power configurations to cater to hospitals, diagnostic laboratories, clinical laboratories, and physician clinics

Regional Analysis

North America, comprising the US and Canada, accounted for the largest share of the medical power supply  market. Increasing number of  vendors manufacturing medical power supply  and a growing number of approvals for medical power supply  are the major factors driving market growth in North America. Customers in North America are moving towards outsourcing for crubing manufaturing expense, which is increasing demand for medical power supply . This trend will have a positive impact on the medical power supply  market.

Key Market Players

Advanced Energy Industries (US), Delta Electronics (Taiwan), TDK-Lambda Corporation (Japan), SL Power Electronics (US), XP Power (Singapore), Spellman High Voltage Electronics Corporation (US), COSEL (Japan), FRIWO Gerätebau (Germany), Bel Fuse (US), MEAN WELL Enterprises (Taiwan), GlobTek (US), Wall Industries (US), SynQor(US), Inventus Power (US), and Astrodyne TDI (US)

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Key Questions Addressed by the Report

·         What is the expected addressable market value of major medical power supply products over a 5-year period?

·         Which converter type segment is expected to garner highest traction within the medical power supply market?

·         What are the strategies adopted by the top market players to penetrate across emerging regions?

·         What are the major factors expected to limit the growth of the medical power supply market?

·         What is the adoption pattern for novel medical power supply products across major healthcare markets?