Medical Power Supply Market worth USD 1,798.4 million by 2030

The Market Statsville Group (MSG) publishes the new report on the "Medical Power Supply Market by Technology (DC to DC Power Supply and AC to DC Power Supply), by Type (Open Frame Power Supply, Adapter Power Supply, Enclosed Power Supply, and Converters), by Manufacturing Type (Standard Power Supply, Customized Power Supply, and CF Rating Power Supply), by Application (Diagnostic, Imaging, and Monitoring Equipment, Surgical Equipment, Home Medical Equipment, and Other Applications), by Region – Global Share and Forecast to 2030". The global medical power supply market size was estimated to reach USD 1,798.4 million by 2030 from USD 1,086.7 million in 2021, registering a CAGR of 6.5% during the forecast period. Conventional power supply assemblies are associated with several technical limitations, such as limited power optimization, substantial functional noise, device overheating, and the low detection quality of target biomolecules. As a result, there is a constant customer need for novel power supply assemblies. The long-term gap between the development and commercialization of the same is expected to restrain the market's growth. Despite the significant reductions in the power system size over the last decade, no single design leap has made this transition possible. Rather, a combination of multiple small improvements in both the design techniques and components technologies have been coupled to create the result. Taking power supply from the input to output are some of the design approaches that are now being adopted.

Global Medical Power Supply Market Segmentation

The overall medical power supply market has been segmented into technology, type, application, manufacturing, and region.

By Technology Outlook (Sales, USD Million, 2017-2030)

• AC to DC Power Supply
  • 200W and less
  • 201-500W
  • 501-1,000W
  • 1,001-3,000W
  • 3,001W and above
• DC to DC Power Supply
  • 30W and less
  • 31-60W
  • 61W and above

By Type Outlook (Sales, USD Million, 2017-2030)

• Open Frame Power Supply
• Enclosed Power Supply
• Adapter Power Supply
• Converters

By Manufacturing Type Outlook (Sales, USD Million, 2017-2030)

• Standard Power Supply
• Customized Power Supply
• CF Rating Power Supply

By Application Outlook (Sales, USD Million, 2017-2030)

• Diagnostic, Imaging, and Monitoring Equipment
  • MRI
  • X-Ray System
  • CT Scanner
  • Ultrasound System
  • Mammography System
  • Positron Emission Tomography (PET)
  • Other Diagnostic System
• Surgical Equipment
  • Radiofrequency-Based Ablation System
  • Electric and Electroporation Abaltion System
  • Light and Laser-Based Ablation System
  • Aesthetic Laser System
  • Opthalmology Laser Devices
  • Other Surgical  Equipments
• Home Medical Equipment
  • PAP Devices
  • Infusion Pumps
  • Ventricular Assist Devices
  • Pulse Oximeters
  • Portable Nebulizers
  • Portable Suction Device
  • Others
• Other Applications

By Region Outlook (Sales, USD Million, 2017-2030)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

Enclosed power supply, by type, is estimated to hold the largest market share during the forecast period

Based on type, the global medical power supply market is segregated into open frame power supply, enclosed power supply, adapter power supply, and converters. The enclosed power supply segment generated the highest revenue in the global medical power supply market in 2021, and it is expected to register a significant CAGR from 2022 to 2030. The market for medical devices is rising and evolving rapidly, and current standards, such as IEC/PN/EN 60601, are continually changing to keep up with it. The ultimate responsibility for ensuring the safety of patients and operators of medical devices lies with the manufacturers. Those risks can be significantly reduced with cooperation with experienced power system designers and manufacturers. This standard covers important safety-related specifications and values, such as isolation voltage, clearance distances, and leakage current, that must be met to protect people from the electrical shock.

The main difference between open frame and enclosed power supplies is their construction: with one, the components are covered on all sides by the metal casing, and with the other, the power supply’s components are attached by a base, essentially open to the elements.

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North America accounts for the largest market share in the medical power supply market in 2021

Based on the regions, the global medical power supply market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America accounted for the highest market share of 35.7% in the global medical power supply market and was anticipated to maintain its dominance throughout the forecast period. North America is hold a significant portion of the worldwide market, led by the United States, which plays a critical role in producing demand from the region compared to Canada. The country is predicted to lead the global market throughout the forecast period, owing to the high adoption of innovative medical devices in the healthcare sector and the growing need to improve the quality of health care services.

According to research, the United States spends far more on healthcare than other developed countries. They are expected to grow at a significant rate, yet with no improved or, in some cases, worse effects. With the country's national healthcare expenditure (NHE) expected to reach USD 6.2 trillion by 2028, public policy experts, healthcare-sector leaders, business executives, government officials, and ordinary citizens are growing concerned about the country's ability to make available healthcare services that are both fiscally responsible and of acceptable quality, effectiveness, and equity.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the medical power supply market. It also consists of the profiles of leading companies such as Delta Electronics Inc., CUI Inc. (Bel Fuse Inc.), Advanced Energy Industries Inc., Globtek Inc., Mean Well Enterprises Co. Ltd, Powerbox International AB, SL Power Electronics Corp., Spellman High Voltage Electronics Corporation, TDK-Lambda Corporation, and XP Power

Browse complete report: https://www.marketstatsville.com/medical-power-supply-market

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