Medical Power Supply Devices Market –Industry Analysis, Size, Share, Growth, Trends And Forecasts (2018-2023)
Medical Devices technology market size was worth USD 539.34 billion in 2018 and is expected to reach USD 708.24 billion by 2023 at a CAGR of 5.6%.
Medical Devices technology market size was worth USD 539.34 billion in 2018 and is expected to reach USD 708.24 billion by 2023 at a CAGR of 5.6%.
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According to the report “Global <strong>Medical</strong> <strong>Power</strong> <strong>Supply</strong> <strong>Devices</strong> <strong>Market</strong>,” published by<br />
<strong>Market</strong> Data Forecast, market size was worth USD 539.34 billion in <strong>2018</strong> and is expected to<br />
reach USD 708.24 billion by <strong>2023</strong> at a CAGR of 5.6%.<br />
A medical power supply device refers to the medical electrical equipment for instance<br />
transformers and reactors that are used for supply of power to various medical devices.<br />
<strong>Power</strong> supplies are electronic or electrical equipment, which changes the form of a source<br />
of power into the desired form compatible with equipment for which the power supply is<br />
used.<br />
<strong>Medical</strong> power supply devices are used in a wide range of medical applications such as MRI,<br />
X-ray, CT and PET scanners, patient monitors, blood analyzers, DNA equipment, dental<br />
equipment, and robotic surgical devices. Specification and selection of power supplies for<br />
medical applications is a task that needs to be executed effectively; especially, due to the<br />
frequent changes in the safety and environmental standards for medical equipment.<br />
Electromagnetic Interference (EMI) creates significant distortion to the operation of<br />
equipment. <strong>Medical</strong> equipment is more sensitive to Electromagnetic Interference (EMI) as<br />
compared to industrial equipment. This, in turn, makes EMC (Electromagnetic Compatibility)<br />
with efficient performance a key challenge for OEMs of medical power supply devices.<br />
Get a comprehensive overview of the Global <strong>Medical</strong> <strong>Power</strong> <strong>Supply</strong> <strong>Devices</strong> <strong>Market</strong>:<br />
http://www.marketdataforecast.com/market-reports/medical-power-supply-devicesmarket-60/<br />
Rise in digitally controlled and high efficiency power supply devices, developments in<br />
medical device technology, growing opportunities in developing economies, portable<br />
medical devices and increase in frequency of occurrence of lifestyle diseases are the driving<br />
forces for the market. However, stringent regulations and certification bodies, downturn in<br />
many major economies and the high cost that are associated with these medical devices are<br />
the few factors restraining the growth of market for medical power supply devices.<br />
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Global <strong>Medical</strong> <strong>Power</strong> <strong>Supply</strong> <strong>Devices</strong> <strong>Market</strong>: Segmentation<br />
ByTechnology<br />
<br />
<br />
AC-DC power supply<br />
DC-DC power supply
By Type<br />
<br />
<br />
<br />
<br />
<br />
Enclosed<br />
External<br />
Open Frame<br />
Configurable<br />
Encapsulated<br />
By Application<br />
<br />
<br />
<br />
<br />
<br />
<strong>Medical</strong> Monitoring Equipment<br />
Diagnostic Equipment<br />
Dental Equipment<br />
Home Patient Care Equipment<br />
Surgical Equipment<br />
Global <strong>Medical</strong> <strong>Power</strong> <strong>Supply</strong> <strong>Devices</strong> <strong>Market</strong>: Region-wise Outlook<br />
Furthermore, based on geography the global medical power supply device market is<br />
analysed under various regions namely, North America, Europe, Asia-Pacific, Latin America<br />
and Middle-East & Africa. North America dominates the global market for medical power<br />
supply devices due to easy adoption of technology advancements and wide-ranging<br />
technical applications of medical power supply devices in the region. Asia, followed by the<br />
Europe, is likely to experience high growth rate in the coming few years in global medical<br />
power supply devices market. In the next few years, the growth of the market in the Asian<br />
region is likely to be centred at India, China, Taiwan, Korea, and Singapore<br />
Global <strong>Medical</strong> <strong>Power</strong> <strong>Supply</strong> <strong>Devices</strong> <strong>Market</strong>: Key Players<br />
One of the latest trends that have been observed in medical power supply devices market<br />
includes companies being involved in R&D division for more ground-breaking products with<br />
enhanced efficiency. Some of the major companies operating in the medical power supply<br />
devices market are TDK Lambda, SL <strong>Power</strong> Electronics, Emerson Network <strong>Power</strong>,<br />
ICCNexergy, <strong>Power</strong>box, Astrodyne Corporation, Delta Electronics, Inc., Mean Well<br />
Enterprises Co., Ltd and Excelsys Technology.<br />
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