Key Benefits : Medical Power Supply Devices Market To 2022 - Astrodyne TDI, GlobTek, SL Power Electronics, Delta Electronics, Emerson Network Power

Albany, NY, 17th June : Recent research and the current scenario as well as future market potential of "Global Market Study on Medical Power Supply Devices: Technological Advancements Expected to Boost Revenue Growth During 2017 - 2022".

With stringent design specifications to meet IEC60601 and UL60601 safety standard equipment, laid down by International Electrotechnical Commission, medical power supply devices are specialty class of equipment. This makes medical power supply devices market highly regulated and monitored too.

Function-wise, medical power supply devices are designed and developed to generate conditioned outputs for medical devices, equipment, and instruments. Further, designed and developed to meet safety standards ensures reliability of these products, which is critical for patient safety. This provides hallmark medical-grade certification to these devices.

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Last but not the least, medical power supply devices feature isolating patient from electrical signals, in the event of power fluctuations. This results in continued uptick in demand for medical power supply devices.

Power supply devices are discrete and stand-alone devices. At times, they are integrated into larger devices/equipment. Examples of applications where power supply devices are integrated into electronic devices include desktop computers, washing machines, refrigerators, and other consumer electronic devices. Some of the common types of power supply devices include DC power supplies, AC-DC power supplies, linear regulator, AC power supplies, switched mode power supplies, and programmable power. Of the various market segments, the medical application segment has been estimated to account for 4-5% share (in terms of revenue) of the global AC-DC and DC-DC power supply market by 2017 end. Major applications of medical power supplies include MRI, CT scan, and PET scanners. Increased demand for medical care at home is driving market growth currently. In fact, the market has seen traction in the sale of home healthcare devices, including those used for patient monitoring, therapeutic, and surgical applications.

Report Inclusions

Persistence Market Research offers a five year forecast of the global medical power supply devices market between 2017 and 2022. This report covers the global medical power supply devices market performance in terms of value contribution. This section also includes the analysis of key trends, drivers, restraints, challenges, and opportunities, which are influencing the global medical power supply devices market. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.

Research Methodology

Given the ever-fluctuating global economy, the report not only forecasts the market on the basis of CAGR but also analyses the impact of the key parameters for each year of the forecast period. This helps clients to understand the predictability of the market and identify the right opportunities across the market during the forecast period. Also, a significant feature of this report is the analysis of all vital segments in terms of absolute dollar opportunity. The absolute dollar opportunity is critical for assessing the level of revenue opportunity in the market.

In order to evaluate the market size, revenue generated by the medical power supply devices manufacturers has been taken into consideration. Average selling price for each product across each region was taken into account for estimating market revenue across the respective regions. Additionally, a large number of various types of healthcare institutions in each region have been taken into consideration. Besides, an average number of beds and equipped with equipment requiring a power supply in each type of healthcare institutions have been taken into consideration to estimate the medical power supply market size Moreover, market estimates have been analyzed keeping in mind different factors including technology, environment, economic, legal, and social.

In order to provide correct market forecast statistics, the current market was sized as it forms the basis of the medical power supply devices market during the forecast period. Given the characteristics of the market, we triangulated the outcome of three different types of data including secondary research, primary research, and data from paid databases. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Secondary research includes key players product literature, annual reports, press releases, and relevant documents, recent trade journals, technical writing, Internet sources, trade associations, agencies, and statistical data from government websites. This collated data from primary and secondary data sources is then analysed by the in-house research panel using market research statistical tools.

Competition Landscape

In the final section of this report on the medical power supply devices market, the competitive landscape is included in order to present the clients with a dashboard view based on the categories of providers in the value chain of the market, product portfolios, and key differentiators. This section is important for gleaning insights about the participants in the markets ecosystem. Additionally, it enables identification and evaluation of key competitors based on the in-depth assessment of their capabilities and successes in the marketplace. The report provides comprehensive profiles of the providers in the market to evaluate their long-term and short-term strategies, key offerings, and recent developments.

Key features of this report

Drivers, Restraints, and Challenges in the Medical Power Supply Devices Market
Latest Innovations and Key Developments in the Market
Analysis of Business Strategies of Major Players
Medical Power Supply Devices Market Estimates and Forecast
Market Taxonomy

By product type

Standard medical power supply
Open Frame Power Supply Devices
Enclosed Power Supply Devices
Encapsulated Power Supply Devices
External Power Supply Devices
Configurable medical power supply
Open Frame Power Supply Devices
Enclosed Power Supply Devices
Encapsulated Power Supply Devices
External Power Supply Devices

By Function

AC-DC Power Supply Devices
DC-DC Converters

By End User

Hospitals
Ambulatory Surgical Centers
Clinics
Long Term Care Centers
Rehabilitation Centers
Diagnostic Centers
Home Care Settings

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By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)

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