Medical Power Supply Market Report by Type (Open Frame Power Supply, Enclosed Power Supply, Adapter Power Supply, Converters), Converter Type (AC-DC Power Supply, DC-DC Power Supply), Application (Diagnostic, Imaging and Monitoring Equipment, Surgical Equipment, Home Medical Equipment, and Others), and Region 2024-2032
The global medical power supply market size reached US$ 1.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1.7 Billion
Market Forecast in 2032
US$ 2.7 Billion
Market Growth Rate 2024-2032
5.3%
Medical power supply refers to the equipment used for delivering current to medical devices. They are used with conductors and electronic components to provide isolation between the alternating current (AC) input, internal high voltage systems and the direct current (DC) output. Some of the commonly used medical power supply systems include enclosed, open frame, external, configurable, U-bracket and encapsulated devices. They utilize reinforced insulation materials and AC-DC and DC-DC power supplies. They are used in diagnostic, medical monitoring, home patient care, dental and surgical equipment. These devices reduce electromagnetic interference and minimize the risks of electric shocks and current leakages. As a result, they are widely used in diagnostic centers, hospitals, clinics and research laboratories.
Medical Power Supply Market Trends:
Significant growth in the medical industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, rising concerns regarding patient safety is providing a thrust to the market growth. With the increasing adoption of portable, smaller and lightweight medical equipment, healthcare organizations are widely utilizing medical power supply systems to provide effective care to the patient. Additionally, due to the onset of the coronavirus (Covid-19) pandemic, medical power supply systems are being extensively used to operate advanced equipment, such as ventilators, oxygen concentrators, magnetic resonance imaging (MRI), CT scan, electrocardiograph (ECG) and multiparameter patient monitoring devices. In line with this, the increasing preference for in-home patient care among the masses is also contributing to the market growth. Other factors, including the widespread adoption of data centers to maintain electronic health records (EHRs), along with extensive improvements in the healthcare infrastructure, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical power supplymarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, converter type and application.
Breakup by Type:
Open Frame Power Supply
Enclosed Power Supply
Adapter Power Supply
Converters
Breakup by Converter Type:
AC-DC Power Supply
DC-DC Power Supply
Breakup by Application:
Diagnostic, Imaging and Monitoring Equipment
Surgical Equipment
Home Medical Equipment
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Energy Industries Inc., Cosel Co. Ltd., CUI Inc., Delta Electronics Inc., FRIWO Gerätebau GmbH, GlobTek Inc., MEAN WELL Enterprises Co. Ltd., SL Power Electronics Corp., SynQor Inc., TDK-Lambda Corporation (TDK Corporation), Wall Industries Inc. (Continental Resources Inc.) and XP Power.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Type, Converter Type, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Advanced Energy Industries Inc., Cosel Co. Ltd., CUI Inc., Delta Electronics Inc., FRIWO Gerätebau GmbH, GlobTek Inc., MEAN WELL Enterprises Co. Ltd., SL Power Electronics Corp., SynQor Inc., TDK-Lambda Corporation (TDK Corporation), Wall Industries Inc. (Continental Resources Inc.) and XP Power
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global medical power supply market was valued at US$ 1.7 Billion in 2023.
We expect the global medical power supply market to exhibit a CAGR of 5.3% during 2024-2032.
The rising utilization of medical power supply in diagnostic, home patient care, dental, and surgical equipment to provide enhanced safety to the patients, is primarily driving the global medical power supply market.
The sudden outbreak of the COVID-19 pandemic has led to the growing utilization of medical power supply to operate advanced equipments, such as ventilators, oxygen concentrators, ECG and multiparameter patient monitoring devices, for the treatment of the COVID-19 infected patients.
Based on the type, the global medical power supply market can be categorized into open frame
power supply, enclosed power supply, adapter power supply, and converters. Among these,
enclosed power supply exhibits clear dominance in the market.
Based on the converter type, the global medical power supply market has been segmented into AC- DC power supply and DC-DC power supply. Currently, AC-DC power supply converter represents the largest market share.
Based on the application, the global medical power supply market can be bifurcated into diagnostic, imaging and monitoring equipment, surgical equipment, home medical equipment, and others Among these, diagnostic, imaging and monitoring equipment accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global medical power supply market include Advanced Energy Industries Inc., Cosel Co. Ltd., CUI Inc., Delta Electronics Inc., FRIWO Gerätebau GmbH, GlobTek Inc., MEAN WELL Enterprises Co. Ltd., SL Power Electronics Corp., SynQor Inc., TDK-Lambda Corporation (TDK Corporation), Wall Industries Inc. (Continental Resources Inc.), and XP Power.
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