Medical Power Supply Devices Market Global Size

P e r s i s t e n c e M a r k e t R e s e a r c h
Currently, the global medical power supply devices market is primarily driven by the proliferation
of diagnostic equipment and systems. Rising incidences of chronic diseases among patients,
especially in the developed regions, is promoting the adoption of Type CF (Cardiac Floating)
equipment, wherein the applied part is in direct conductive contact with the patient’s heart.
However, factors such as pricing pressure, product recall, and the foray of multi-functional
equipment are expected to constrain the growth of the market over the forecast period.
On the basis of the end user, the medical power supply devices market is segmented into
hospitals, ambulatory surgical centers, clinics, long-term care centers, rehabilitation centers,
diagnostic centers, and home care settings. The hospitals segment is expected to account for
75.7% share of the global medical power supply during the forecast period (2016–2022). The
home care settings segment is expected to expand at the highest growth rate, followed by the
diagnostic centers segment, during the forecast period. The long-term care centers segment has
been estimated to account for 11.8% share of the market by 2015 end (in terms of value) and is
expected to expand at a CAGR 4.3% during the forecast period.
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On the basis of product type, the medical power supply devices market is segmented into the
standard medical power supply and configurable medical power supply. The standard medical
power supply segment is expected to account for 59.8% value share of the medical power
supply devices market by 2022 end. Adoption of standard medical power supply devices is
primarily driven by increasing adoption of medical devices by clinics and outpatient surgical
centers (which are primarily integrated with standard standalone medical power supply). The
configurable medical power supply segment is expected to expand at CAGR 6.3% during the
forecast period in terms of value. Rise in healthcare expenditure, along with increasing demand
for portable and homecare devices, is expected to drive the growth of the medical power supply
devices market during the forecast period.
The Asia-Pacific region is expected to continue to dominate the market over the forecast period,
accounting for 41.0% value share of the global medical power supply devices market by the end
of 2022. This is primarily attributed to the shift in manufacturing facilities of leading medical
equipment/devices manufacturers from another region to the Asia Pacific region, primarily due to
the availability of cheap labor. In addition, increasing in the number of hospitals and healthcare
facilities requiring medical equipment and devices in the region is also paving the way for
Global Medical Power Supply Devices Market 2016-2022