Global Medical Power Supply Market: Overview
Power supplies are the electronic device used for regulated power supply which converts electrical energy into various other forms. The power supply is integrated with many medical devices for fetching the results, monitoring the health of the patients, and for diagnosing. There are many parameters that are kept in mind while designing and procuring the power supplies. The application of the medical power supply devices is in wide range.
Global Medical Power Supply Market: Segmentation
The global medical power supply market is bifurcated based on various factors. Based on technology the power supply is differentiated in two types AC-DC power supply and DC-DC power supply. Further, the medical power supply is integrated into various types of the mechanism such as the open frame, U bracket, configurable, encapsulated, and enclosed type. Additionally, power supplies designed for the medical purpose are applied for various medical operations. Based on application, it is segmented in various diagnostic equipment such as ultrasound, X-ray, MRI, and blood analyzers. Similarly, monitor devices, home patient care, surgical, and dental equipment are also some of the application-based segments of global medical power supply market.
Global Medical Power Supply Market: Growth Factors
Manufacturers are constantly making their effort to develop high efficient and digitalized power supplies for better results. This development factor is driving the growth of the global medical power supply market. Growing trend of personalized medical treatment is also fueling the growth of the global market. The innovation of certain automated medical devices with high controlling facilities and reliable output are some of the parametric factors fostering demand of the medical power supplies. Growing awareness among the people related to portable medical equipment as well as rising geriatric population is the reason for growing demand of power supply. People suffering from various lifestyle diseases such as diabetes which need constant medication and diagnosis is the vital factor responsible for the growth of the global medical power supply market. In addition, stringent government regulations and mandatory certifications are the factors restraining the growth of the market.
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Global Medical Power Supply Market: Regional Analysis
Geographically, Asia Pacific Region is estimated to lead the global medical power supply market and expected to retain its dominance in coming future. Major power supply manufacturers are focusing on establishing new production facilities in this region. Rest of the world including North America, Europe, Middle East and Africa are expected to show some growth in the forthcoming period.
Global Medical Power Supply Market: Competitive Players
Major players dominating the global medical power supply market include Globtek Inc., Friwo Gerätebau Gmbh, Delta Electronics, Inc., Excelsys Technologies Ltd., Mean Well, Synqor Inc., SL Power Electronics Corporation, Wall Industries, CUI, Inc., Iccnexergy Inc., XP Power, Astrodyne Corporation, Powerbox International AB and TDK-Lambda Corporation.