According to the report “Medical Power Supply Devices Market” published by Market Data Forecast, the global market is projected to reach USD 1100 Million by 2020, at a CAGR of 5.92% from 2015 to 2020.
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The growth in global medical power supply market is mainly attributed to the rise in popularity for powered medical devices, which are user-friendly in nature and have high efficiency in medical procedures. Further, with the developments in medical device technology, growing usage of portable medical devices in developing economies and frequent occurrences of lifestyle diseases are acting as driving forces for the global medical power supply market. However, stringent regulations by certification bodies, downturn in many major economies and the high cost associated with portable medical devices are the few factors limiting the growth of global medical power supply devices market.
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The global market for medical power supply device market is segmented as follows:
•AC-DC power supply
•DC-DC power supply
•Medical Monitoring Equipment
•Home Patient Care Equipment
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Considering the recent trends, the external medical power supply market has the highest growth potential, owing to an increase in usage of compact, portable medical devices for both hospital and home healthcare.
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One of the latest trends that have been observed in medical power supply devices market includes companies being involved in R&D division for more ground-breaking products with enhanced efficiency. Some of the major companies operating in the medical power supply devices market are TDK Lambda, SL Power Electronics, Emerson Network Power, ICCNexergy, Powerbox, Astrodyne Corporation, Delta Electronics, Inc., Mean Well Enterprises Co., Ltd and Excelsys Technology.
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