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Medical Power Supply Market 2019: Comprehensive Analysis by Top Key Companies, Industry Growth, Size, Share, Market Insights, Sales Volume and Forecast to 2024

Medical

The “Medical Power Supply Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Medical Power Supply Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Medical Power Supply market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Medical Power Supply Market Are:

  • Delta Electronics Group
  • Emerson Network
  • Excelsys Technology
  • Globtek Inc.
  • Mean Well Enterprises Co. Ltd
  • Powerbox International AB
  • SL Industries Inc.
  • Spellman High Voltage Electronics Corporation
  • TDK
  • Lambda Corporation
  • XP Power

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    Market Overview:

  • The medical power supply market is expected register a CAGR of 6.5% during the forecast period. Certain factors that are driving the growth of the market are technological advancements in healthcare equipment, rise in the number of healthcare facilities, increasing incidences of chronic diseases, and growing demand for portable and home-based devices.
  • Healthcare facilities are thriving across the globe, owing to technological innovations in the healthcare sector and a growing geriatric population, both of which are likely to change the face of the healthcare industry. Healthcare technologies are evolving in all possible aspects, ranging from patient registration to data monitoring, and from lab tests to self-care devices. Furthermore, the geriatric population is growing at a rapid pace, globally. Currently, about two-thirds of the world’s geriatric population lives in developing countries. This has prompted the need for an increase in the healthcare setups all over the world. Moreover, governments are taking initiatives to set up new and advanced healthcare facilities in developing countries to cater to the requirements of the growing population. The rise in the number of healthcare facilities will increase the demand for medical power supply, which is expected to drive the medical power supply market. Additionally, technological advancements in healthcare equipment, increasing incidences of chronic diseases, and the rising demand for portable as well as home-based devices are also driving the growth of the medical power supply market.
  • However, high risk and increased cost of the medical supply devices are restraining the market’s growth. In a high-voltage DC system, electric power is taken from a three-phase AC network system, which is converted to a DC network system in a converter station. First, it is transmitted to the receiving end by a DC cable or a DC overhead line, and then inverted back to AC in another converter station and transferred to the receiving end AC network system. The converters required at both the ends of the line are much more expensive than conventional equipment. Converter substations are more complex than high-voltage AC substations, not only in terms of additional converting equipment, but also in terms of more complicated control and regulating systems. Moreover, while turning off a load connected to DC, the arcing at the switch due to wire inductance and load inductance becomes problematic. There is also a high risk of fire because of series and parallel arc faults, as corrosion of building components can also occur due to the DC leakage. This forces DC switches and safety equipment to be more robust, thereby increasing the equipment cost. Additionally, strict government regulations and guidelines are also further restricting the growth of the market.

    Scope of the Report:

  • A power supply is an electrical device that supplies electric power to an electrical load. Safety is the primary factor that distinguishes medical-grade power supplies from commercial models. Also, a medical equipment typically requires longer design cycles than other types of equipment, as well as more support from the power supply vendor. Additionally, a medical equipment usually needs to have longer life expectancy than other equipment and often has to be supported by the power supply vendor for many years.

    Medical Power Supply Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Medical Power Supply market?
    • What are the key market trends impacting the growth of the global Medical Power Supply market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Medical Power Supply market?
    • What are the market opportunities and threats faced by the vendors in the global Medical Power Supply market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Medical Power Supply market?

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    Key Market Trends:

    Diagnostic and Monitoring Equipment is Expected to Hold the Largest Market Share in the Application Type

    The increase in the number of government initiatives for the diagnosis of infectious disease, along with the rising need for fast detection of diseases, is contributing to the growing demand for the diagnostic and monitoring equipment, across the world. Government initiatives, awareness programs, and funding for research studies have influenced the healthcare industry. Governments are proactively investing in many of the research studies, including those for the diagnosis of infectious diseases.
    Technology holds a central role in expanding the market for diagnostic and monitoring devices. The increase in the aging population and the transformation of acute illnesses, such as heart failure, into chronic diseases indicate that the number of patients is also increasing. All the aforementioned factors are expected to contribute to the huge market share of the concerned segment.

    North America Dominates the Market and Expected to do the Same during the Forecast Period

    North America is the largest market for medical power supply, globally. The high growth registered by North America is attributed to the strong base of healthcare facilities, especially hospitals and diagnostic imaging centers, in the region.
    In terms of growth, Asia-Pacific is the fastest growing region. The factors, such as a huge population base, rising incidence of chronic disease, and rising healthcare facilities, are expected to drive the growth of the medical power supply market in the Asia-Pacific region.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Medical Power Supply Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Medical Power Supply.

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    Report Objectives:

    • Analyzing the size of the Medical Power Supply market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Medical Power Supply market.
    • Determining the key dynamics of the Medical Power Supply market.
    • Highlighting significant trends of the Medical Power Supply market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Medical Power Supply market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Medical Power Supply market.

    Detailed TOC of Medical Power Supply Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Technological Advancements in Healthcare Equipment
    4.2.2 Rise in the Number of Healthcare Facilities
    4.2.3 Increasing Incidences of Chronic Diseases
    4.2.4 Growing Demand for Portable and Home-based Devices
    4.3 Market Restraints
    4.3.1 Huge Cost Involved in the Process
    4.3.2 Strict Government Regulations and Guidelines
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Type
    5.1.1 Open Frame Power Supply
    5.1.2 Enclosed Power Supply
    5.1.3 Adapter Power Supply
    5.1.4 Converters
    5.2 Application
    5.2.1 Diagnostic and Monitoring Equipment
    5.2.1.1 Magnetic Resonance Imaging
    5.2.1.2 Ultrasound
    5.2.1.3 X-Ray
    5.2.1.4 Computed Tomography
    5.2.1.5 Electrocardiogram
    5.2.1.6 Positron Emission Tomography
    5.2.1.7 Other Diagnostic and Monitoring Equipment
    5.2.2 Surgical Equipment
    5.2.3 Home Medical Equipment
    5.2.4 Dental Equipment
    5.2.5 Other Applications
    5.3 Technology
    5.3.1 AC To DC Power Supply
    5.3.2 DC To DC Power Supply
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Delta Electronics Group
    6.1.2 Emerson Network
    6.1.3 Excelsys Technology
    6.1.4 Globtek Inc.
    6.1.5 Mean Well Enterprises Co. Ltd
    6.1.6 Powerbox International AB
    6.1.7 SL Industries Inc.
    6.1.8 Spellman High Voltage Electronics Corporation
    6.1.9 TDK-Lambda Corporation
    6.1.10 XP Power

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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