Medical Power Supply Market to grow with a Healthy CAGR, Forecast 2021 – 2028 | Key Players – FSP GROUP USA, Advanced Energy Industries, Inc., Spellman High Voltage Electronics Corporation.
Data Bridge Market Research has recently added a concise research on the Medical Power Supply Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. The development plans, market risks, opportunities and development threats are explained in detail. The CAGR value, technological development, new product launches and Industry competitive structure is elaborated.
The market data analysed and evaluated in the first class Medical Power Supply Market report makes to achieve the business goals and objectives in preset time frame. Moreover, this business document encompasses all the company profiles of the major players and brands. The report offers a thorough synopsis on the study, analysis and estimation of the market and how it is impacting the industry. To prepare this market report, detailed market analysis is conducted with the inputs from industry experts. Thus, the world class Medical Power Supply Market report performs an assessment of the growth rate and the market value based on market dynamics and growth inducing factors.
Global medical power supply market is to register substantial CAGR of 6.9% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in the market can be attributed to the funding and infrastructural developments and focus toward home care health.
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Key Market Competitors
Few of the major market competitors currently working in the global medical power supply market are FSP GROUP USA, Advanced Energy Industries, Inc., Spellman High Voltage Electronics Corporation., Delta Electronics, Inc., CUI Inc, Astrodyne TDI Power Supplies & EMI Filters., MORNSUN Guangzhou Science & Technology Co.,Ltd., Dongguan Shilong Fuhua Electronics Co., Ltd, Power Partners, Inc, COSEL ASIA LTD., EOS POWER INDIA Pvt. Ltd., CINCON ELECTRONICS Corporation, Artesyn. , FSP GROUP. , XP Power, Wall Industries, Inc., TDK-Lambda, Acal BFi limited company, MEAN WELL Enterprises Co., Ltd., GlobTek, Inc , MORNSUN Guangzhou Science & Technology Co.,Ltd and Inventus Power among others
Global Medical Power Supply Market By Current Type (AC-DC Power Supply DC-DC Power Supply), Construction(Enclosed Power Supplies, Open Frame power Supplies, External Power Supplies, U-Bracket Power Supplies, Configurable Power Supplies, Encapsulated Power supplies), Application (Diagnostic & monitoring Equipment, Home Medical Equipment, Surgical Equipment, Dental Equipment), Power Range (200W and Below, 201W-1000W, 1001W–3000W, 3001W and Above), End User (Hospitals, Ambulatory Surgical Centers, Clinics, Long Term Care Centers, Diagnostic Centers, Rehabilitation Centers, Home Care Setting), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Competitive Landscape
Global medical power supply market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical power supply market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved
Market Drivers are Restraints
- High funding and infrastructural developments to extend the demand for medical instrumentation and medical power supplies is driving the market growth
- Advancements in the products offered by the medical power suppliers is boosting the market growth
- Growing focus on home healthcare is fueling the growth of the market
- Strict government rules and regulations is restricting the growth of the market
- High risk and price of the medical supply devices is restraining the market’s growth
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Key Developments in the Market:
- In June 2018, Cosel Co, Ltd announced the release of 300W and 1000W, which are the new models of high power density with extended communications I/O for demanding medical and industrial applications. The addition of the 300W PCA300F and 1000W PCA1000F to the present 600W PCA600F enhances and expands the family of power provides. The PCA series have an inbuilt extended-UART (Universal Asynchronous Receiver –Transmitter) interface supporting up to 83 commands to observe and management the range of power supply parameters. This launch will help the company to fulfill the demand of medical and industrial applications and to enhance its product portfolio in the market
- In April 2018, Delta electronics added new MEA-250A24C medical AC-DC desktop type adapter. The 24Vdc/10.42A output adapter fulfills the requirement of recent IEC/EN 60601-1-2 fourth edition. It is certified for EMC standards according to 55011 for industrial, scientific and medical (ISM) radio-frequency instrumentation and EN55032 for information technology equipment (ITE) radio-frequency equipment. MEA-250A24C additionally has each medical and ITE safety approvals together with UL/cUL and IEC 60950-1, CB certification and CCC approval. The design is absolutely compliant with RoHS Directive 2011/65/EU for environmental protection. This addition of product will help the company to enhance its product portfolio in the market
Market Segmentation:-
By Current Type
- AC-DC Power Supply
- DC-DC Power Supply
By Construction
- Enclosed Power Supplies
- Open Frame power Supplies
- External Power Supplies
- U-Bracket Power Supplies
- Configurable Power Supplies
- Encapsulated Power supplies
By Application
- Diagnostic & Medical Monitoring Equipment
o Magnetic Resonance Imaging
o X-Ray Computed Technology
o Ultrasound
o Electrocardiogram
o Multiparameter Monitors
o Electroencephalograph
o Positron Emission Tomography
o Magnetoencephalography
o Other Diagnostic & Monitoring Equipment
- Home Medical Equipment
- Surgical Equipment
- Dental Equipment
By Power Range
- 200W and Below
- 201W-1000W
- 1001W–3000W
- 3001W and Above
By End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Long Term Care Centers
- Rehabilitation Centers
- Diagnostic Centers
- Home care Settings.
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Medical Power Supply Market report effectively provides required features of the global market for the population and for the business looking people for mergers & acquisitions, making investments, new vendors or concerned in searching for the appreciated global market research facilities. It offers sample on the size, offer, and development rate of the market. The Medical Power Supply report provides the complete structure and fundamental overview of the industry market.
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