Global AC-DC Medical Power Supplies Market Size By Product (200W and Below, 201W-1000W, 1001W–3000W), By Application (Hospitals, Clinics, Home Care Settings), By Geographic Scope And Forecast

AC-DC Medical Power Supplies Market Size And Forecast

AC-DC Medical Power Supplies Market size was valued at USD 1.3 Billion in 2020 and is projected to reach USD 2.2 Billion by 2028, growing at a CAGR of 6.79% from 2021 to 2028.

The Global AC-DC Medical Power Supplies Market is growing owing to the increased awareness of patient safety, Healthcare or pharmaceutical companies are increasingly relying on medical power supply systems to deliver effective treatment to patients as the usage of portable, smaller, and lighter medical equipment grows. The Global AC-DC Medical Power Supplies Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global AC-DC Medical Power Supplies Market Definition

Medical Power Supplies is an energy source that must fulfill certain criteria to be used in a hospital or a residential residence for medicinal purposes. The international standard gives us rules that are stricter than those for commercial or industrial appliances. EMC Compliance necessitates higher safety standards and less electromagnetic interference. Besides, Ac-Dc medical power is used in Clinical medical equipment (Diagnostics, Monitoring, Laboratory), Home health and patient care equipment, High voltage monitoring systems, Dental, and others.

In addition, Power supplies are electrical devices that change the shape of a power source into the desired form to ensure compatibility with the equipment being utilized. Blood analyzers, X-rays, MRI, patient monitoring, robotic surgical instruments & dentistry equipment, and CT & PET scanners are all examples of medical devices that utilize these technologies. In general, power supply devices can be discrete or standalone. These are sometimes integrated into bigger equipment and gadgets to meet specific needs. The primary tasks that need to be completed efficiently by health care facilities are the selection of power supply and specification for precise medical applications.

Global AC-DC Medical Power Supplies Market Overview

The Global AC-DC Medical Power Supplies Market is growing owing to the increased awareness of patient safety, Healthcare or pharmaceutical companies are increasingly relying on medical power supply systems to deliver effective treatment to patients as the usage of portable, smaller, and lighter medical equipment grows. Furthermore, the expansion of this market is being driven by the rising prevalence of illnesses, easier access to medical treatment, availability of technical assistance for healthcare, improvement in the level of life, and the efficiency of the digitally managed power supply.

The market, on the other hand, is hampered by the recession and an unfavorable regulatory environment. In-home patient care is becoming more popular, and the medical device industry is booming, as is the usage of mobile medical equipment. Many manufacturers emphasize small electronic medical devices, for instance, the new Polytron Devices PFMUIC700 Series of AC-DC power supply suited for medical applications has been released by New Yorker Electronics. In a fully enclosed plastic housing, the Polytron PFMUIC700 series has an ultra-compact dimensions of 6.7 x 3.66 x 1.61 inch (170.2 x 93.0 x 41.0mm).

Global AC-DC Medical Power Supplies MarketSegmentation Analysis

The Global AC-DC Medical Power Supplies Market is segmented on the basis of Product, Application, And Geography.

AC-DC Medical Power Supplies Market, By Product

• 200W and Below
• 201W-1000W
• 1001W–3000W
• 3001W and Above

Based on Product, The market is bifurcated into 200W and Below, 201W-1000W, 1001W–3000W, and 3001W and Above. In 2019, the market was led by the 200W and under segment. The growth of this category is likely to be fuelled by increased occurrences of home healthcare devices, new product releases, and rising usage of portable medical device models throughout the forecast period.

AC-DC Medical Power Supplies Market, By Application

• Hospitals
• Clinics
• Home Care Settings

Based on Application, The market is bifurcated into Hospitals, Clinics, and Home Care Settings. Home Care application stakes a major share in the market owing to the increased demand for home care facilities of all people.

AC-DC Medical Power Supplies Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, The Global AC-DC Medical Power Supplies Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America has the largest share in the market due to the region’s highly superior healthcare system and the increased use of new advanced techniques. Increased regional investments in research and development, as well as increased demand for home healthcare services, particularly among the elderly. These variables are to blame for Asia Pacific’s second-largest proportion of the worldwide AC-DC Medical Power Supplies Market development.

Key Players

The “Global AC-DC Medical Power Supplies Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Delta Electronics, RECOM Power, Astrodyne TDI, Excelsys, CUI Inc, FriwoGerätebau, Globtek, Handy and Harman, Inventus Power, Mean Well Enterprises, Powerbox International, Synqor Inc., TDK Corporation, XP Power, Artesyn Embedded Technologies. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In April 2021, CUI, a Bel group business, has announced the addition of 12 new VMS-C and VMS-C-CNF internal medical ac-dc power supply models to its VMS-C and VMS-C-CNF product lines. These new, higher-power variants are chassis-mount devices with open-frame or metal-case options, making them perfect for usage in medical and home healthcare applications including ultrasound equipment and medical beds.
• In January 2021, Bel Fuse (US) has agreed to buy EOS Power India under a binding agreement (India). The company’s existing client base for medical power supply will be strengthened as a result of this purchase.
• In December 2020, Excelsys CoolX3000 modular was introduced by Advanced Energy Industries (US). It’s essentially a programmable power platform for a variety of demanding medical and industrial applications.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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