Global Medical Power Supply Devices Market to grow at a CAGR of 5.92% during 2015 to 2020

Global Medical Power Supply Devices Market is projected to reach $1100 million by 2020 | Market Data Forecast

According to the report Global Medical Power Supply Devices Market, published by Market Data Forecast, The Market is estimated at $825.12 million in 2015 and is poised to reach $1100 Million by 2020, growing at a CAGR of 5.92%.

A medical power supply device refers to the medical electrical equipment for instance transformers and reactors that are used for supply of power to various medical devices.

Market for medical Power Supply devices is growing at a significant rate due to factors like increasing popularity for powered devices in healthcare sector, increase in the aging population and enhancement of facilities in healthcare. Popularity gained by the powered medical devices is attributed to their user-friendly nature and rise in efficiency offered by the power supply devices in a medical procedure.  And also, technological developments and new innovations in the field and initiation from government to rise the usage of medical devices have also helped in growing the medical power supply devices market.

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Rise in digitally controlled and high efficiency power supply devices, developments in medical device technology, growing opportunities in developing economies, portable medical devices and increase in frequency of occurrence of lifestyle diseases are the driving forces for the market. However, stringent regulations and certification bodies, downturn in many major economies and the high cost that are associated with these medical devices are the few factors restraining the growth of market for medical power supply devices.

Global Medical Power Supply Devices Market: Segmentation

By Technology           

AC-DC power supply
DC-DC power supply
By Type        

Open Frame
By Application           

Medical Monitoring Equipment
Diagnostic Equipment
Dental Equipment
Home Patient Care Equipment
Surgical Equipment
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The external medical power supply market is anticipated to show the highest growth due to an increase in compact, portable medical devices usage, which increasingly employ external medical power supply. The upsurge in home healthcare market which comprises smaller, portable and convenient to use medical devices is another factor bolstering the growth of external power supply market

Furthermore, based on geography the global medical power supply device market is analysed under various regions namely, North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America dominates the global market for medical power supply devices due to easy adoption of technology advancements and wide-ranging technical applications of medical power supply devices in the region. Asia, followed by the Europe, is likely to experience high growth rate in the coming few years in global medical power supply devices market. In the next few years, the growth of the market in the Asian region is likely to be centred at India, China, Taiwan, Korea, and Singapore

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Reasons to buy Global Medical Power Supply Devices Market Report:

Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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One of the latest trends that have been observed in medical power supply devices market includes companies being involved in R&D division for more ground-breaking products with enhanced efficiency. Some of the major companies operating in the medical power supply devices market are TDK Lambda, SL Power Electronics, Emerson Network Power, ICCNexergy, Powerbox, Astrodyne Corporation, Delta Electronics, Inc., Mean Well Enterprises Co., Ltd and Excelsys Technology.

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Company Name: Market Data Forecast
Issued By: Abhishek Shukla
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Keywords : Global Medical Power Supply Devices market, Medical Power Supply Devices market research report, Medical Power Supply Devices industry,

by Abhishek Shukla (few years ago!)

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