REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
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USD 2.31 billion | 6.95% | North America |
By Converter Type | By Architecture Type | By Application |
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SCOPE OF THE REPORT
Medical Power Market Overview
The global medical power market is expected to grow at a 6.95% CAGR from 2022 to 2029. It is expected to reach above 2.31 USD billion by 2029 from 1.30 USD billion in 2020.
The equipment used to send current to medical devices is referred to as a medical power supply. They are used in conjunction with conductors and electronic components to isolate the alternating current (AC) input, internal high voltage systems, and direct current (DC) output. Enclosed, open frame, external, programmable, U-bracket, and encapsulated devices are some of the most regularly used medical power supply systems. They make use of enhanced insulating materials as well as AC-DC and DC-DC power sources. They can be found in diagnostic, medical monitoring, home patient care, dentistry, and surgical equipment. These devices prevent electromagnetic interference and the dangers of electric shocks and current leaks. As a result, they’re common at diagnostic centers, hospitals, clinics, and research labs.
Medical Power Supplies are energy sources that must meet particular standards in order to be utilized for medical purposes in a hospital or a residential house. The international standard provides us with stronger requirements than those for commercial or industrial equipment. Higher safety requirements and less electromagnetic interference are required for EMC compliance.
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Billion) |
Segmentation | By Converter Type, By Architecture Type, By Manufacturing Type, By Application, By Region |
By Converter Type
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By Architecture Type
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By Manufacturing Type
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By Application
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By Region
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Furthermore, use of digital control in medical power supply is a significant trend for a medical power supply ecosystem, resulting in the elimination of the danger associated with electric shock, and is therefore one of the important elements driving the market’s growth. When it comes to medical power supply, the safety of patients and operators is of the utmost importance. Technological and innovative advances are having a huge influence on the medical power supply industry. The rising desire for smaller, more efficient, cost-effective, dependable, and lighter medical equipment is also influencing market expansion. Rising illness incidence, greater access to medical treatment, the availability of technical assistance for healthcare, an increase in living standards, and the efficiency of digitally regulated power supply are driving the growth of this industry. Market growth is being driven by increased market penetration of portable and integrated medical devices.
However, the medical power supply market’s growth is being hindered by the economic downturn and an unfavorable regulatory environment. Even technical restrictions in power supply are limiting market expansion. Opportunities in this market are being created by the expanding popularity of in-home patient care, the expansion of the medical device industry, and the increasing acceptance of mobile medical devices. In the next few years, the industry will benefit from increased accessibility by major product makers via E-commerce websites.
The COVID-19 pandemic spread throughout the world and that disrupted the supply chain globally. Due to lockdown, the production process of the automotive industry was halted, rather, closed and that resulted in significant impact on the medical power market. As the world markets have opened up, they are focusing on having more medical facilities and equipment and this is expected to gain potential growth in the medical power market.
Medical Power Market Segment Analysis
The global medical power market is segmented by converter type, architecture type, manufacturing type, application, and region.
Based on the converter type segment, the medical power market includes AC-DC, DC-DC. AC-DC. power supply models range from 200W and less through 201-500W, 501-1000W, 1,000-3,000W, and 3000W and more. The 200W and less category dominated the medical power supply market. Increased occurrences of home healthcare devices, new product releases, and rising usage of portable medical device models are likely to fuel this segment’s growth throughout the forecast period.
The medical power market can be classified based on the architecture type, that is, Enclosed, External, Encapsulated, Open Frame, Configurable. The enclosed power supply sector accounted for the majority of market share. The huge proportion of this category may be attributed to technical improvements, which have resulted in smaller enclosed power supply with improved efficiency and reduced leakage current, driving their use.
Based on the manufacturing type segment, the medical power market includes Standard, Customized, CF Rafting. The standard power supply sector accounted for the majority of market share. The customized power supplies industry, on the other hand, is predicted to develop at the fastest rate, owing to rising demand for and acceptance of innovative home-use and tiny gadgets that require specially tailored power supplies.
The medical power market can be classified based on the application, that is, MRI, ECG, EEG, PET, CT-Scan, Ultrasound, X-ray, MEG, Mammography, Ablation, Dental. The diagnostic imaging systems sector includes MRI, ECG, PET. It has the larger share of the market. The usage of uninterrupted power supply solutions in diagnostic imaging equipment has been driven by the necessity for continuous operation. The expanding number of imaging operations and the increasing installation base for diagnostic imaging equipment are likely to fuel the expansion of this market segment in the coming years.
Medical Power Market Players
The global medical power market key players include Advanced Energy Industries, Delta Electronics, TDK-Lambda Corporation, SL Power Electronics, XP Power, Spellman High Voltage Electronics Corporation, COSEL, FRIWO Gerätebau, Bel Fuse, MEAN WELL Enterprises, GlobTek, Wall Industries, and others.
Various businesses are focusing on organic growth tactics such as new launches, product approvals, and other things like patents and events. Mergers & Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the market. These initiatives such as development and expansion have paved the road for market participants to expand their business. These market players in the medical power market are expected to benefit from attractive growth prospects in the future.
Who Should Buy? Or Key stakeholders
- Government and research organization
- Investors
- Trade Associations
- Electronic Industry
- Medical power manufacturers
- Scientific research organization
- Healthcare Industry
Medical Power Market Regional Analysis
The medical power market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
North America has a dominating share in the global medical power market due to increasing usage of medical equipment and technology advancements in the healthcare industry. Followed by Asia Pacific and Europe with rising medical facilities.
Key Market Segments: Medical Power Market
Medical Power Market by Converter Type, 2020-2029, (USD Million)
- AC-DC
- DC-DC
Medical Power Market by Architecture Type, 2020-2029, (USD Million)
- Enclosed
- External
- Encapsulated
- Open Frame
- Configurable
Medical Power Market by Manufacturing Type, 2020-2029, (USD Million)
- Standard
- Customized
- CF RAFTING
Medical Power Market by Application, 2020-2029, (USD Million)
- MRI
- ECG
- EEG
- PET
- CT-SCAN
- Ultrasound
- X-RAY
- MEG
- Mammography
- Ablation
- Dental
Medical Power Market by Region, 2020-2029, (USD Million)
- North America
- Europe
- Asia Pacific
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL MEDICAL POWER MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON LOW-SPEED VEHICLES MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL MEDICAL POWER MARKET OUTLOOK
- GLOBAL MEDICAL POWER MARKET BY CONVERTER TYPE
- AC-DC
- DC-DC
- GLOBAL MEDICAL POWER MARKET BY ARCHITECTURE TYPE
- ENCLOSED, EXTERNAL
- ENCAPSULATED
- OPEN FRAME
- CONFIGURABLE
- GLOBAL MEDICAL POWER MARKET BY MANUFACTURING TYPE
- STANDARD
- CUSTOMIZED
- CF RAFTING
- GLOBAL MEDICAL POWER MARKET BY APPLICATION
- MRI
- ECG
- EEG
- PET
- CT-SCAN
- ULTRASOUND
- X-RAY
- MEG
- MAMMOGRAPHY
- ABLATION
- DENTAL
- GLOBAL MEDICAL POWER MARKET BY REGION
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- ADVANCED ENERGY INDUSTRIES
- DELTA ELECTRONICS
- TDK-LAMBDA CORPORATION
- SL POWER ELECTRONICS
- XP POWER
- SPELLMAN HIGH VOLTAGE ELECTRONICS CORPORATION
- COSEL
- FRIWO GERÄTEBAU
- BEL FUSE
- MEAN WELL ENTERPRISES
- GLOBTEK
- WALL INDUSTRIES *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL POWER MARKET BY REGION (USD MILLIONS) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â UK MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â UK MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â UK MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â UK MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â UAE MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UAE MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UAE MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UAE MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA MEDICAL POWER MARKET BY CONVERTER TPYE (USD MILLIONS) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA MEDICAL POWER MARKET BY ARCHITECTURE TYPE (USD MILLIONS) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA MEDICAL POWER MARKET BY MANUFACTURING TYPE (USD MILLIONS) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA MEDICAL POWER MARKET BY APPLICATION (USD MILLIONS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â GLOBAL MEDICAL POWER MARKET BY CONVERTER TYPE, USD MILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â GLOBAL MEDICAL POWER MARKET BY ARCHITECTURE TYPE, USD MILLION, 2020-2029
FIGURE 10Â Â Â Â GLOBAL MEDICAL POWER MARKET BY MANUFACTURING TYPE, USD MILLION, 2020-2029
FIGURE 11Â Â Â Â GLOBAL MEDICAL POWER MARKET BY APPLICATION, USD MILLION, 2020-2029
FIGURE 12Â Â Â Â GLOBAL MEDICAL POWER MARKET BY REGION, USD MILLION, 2020-2029
FIGURE 13    PORTER’S FIVE FORCES MODEL
FIGURE 14Â Â Â Â NORTH AMERICA MEDICAL POWER MARKET SNAPSHOT
FIGURE 15Â Â Â Â EUROPE MEDICAL POWER MARKET SNAPSHOT
FIGURE 16Â Â Â Â ASIA PACIFIC MEDICAL POWER MARKET SNAPSHOT
FIGURE 17Â Â Â Â SOUTH AMERICA MEDICAL POWER MARKET SNAPSHOT
FIGURE 18Â Â Â Â MIDDLE EAST & AFRICA MEDICAL POWER MARKET SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â ADVANCED ENERGY INDUSTRIES: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â DELTA ELECTRONICS: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â TDK-LAMBDA CORPORATION: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â SL POWER ELECTRONICS: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â XP POWER: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â SPELLMAN HIGH VOLTAGE ELECTRONICS CORPORATION: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â COSEL: COMPANY SNAPSHOT
FIGURE 26       FRIWO GERÄTEBAU: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â BEL FUSE: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â MEAN WELL ENTERPRISES: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â GLOBTEK, WALL INDUSTRIES: COMPANY SNAPSHOT
FAQ
The Medical Power market size has crossed USD 1.30 billion in 2020 and will observe a CAGR of more than 6.95% up to 2029 driven by the rising healthcare IT.
North America accounted for a 43% share of the medical power market in 2020 and is expected to maintain its dominance during the forecast period.
Use of digital control in medical power supply is a significant trend for a medical power supply ecosystem, resulting in the elimination of the danger associated with electric shock, and is therefore one of the important elements driving the market’s growth. The medical power supply market’s growth is being hindered by the economic downturn and an unfavorable regulatory environment. Even technical restrictions in power supply are limiting market expansion. Opportunities in this market are being created by the expanding popularity of in-home patient care, the expansion of the medical device industry, and the increasing acceptance of mobile medical devices.
Solid base of healthcare institutions, particularly hospitals and diagnostic imaging centers, as well as rising medical equipment manufacturing in the North American region. North America accounted for a large share of the medical power market in 2020 and is expected to maintain its dominance during the forecast period.
Due to its large senior patient population, quick development of the healthcare industry, increasing healthcare expenditure and manufacturers’ shift of attention to emerging nations, Asia-Pacific is expected to have the highest CAGR in coming years
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