Medical Power Supply Market Gaining Momentum with Expanding Opportunities - Exclusive Report by MarketsandMarkets™
Medical Power Supply Market Gaining Momentum with Expanding Opportunities - Exclusive Report by MarketsandMarkets™
The global Medical Power Supply Market in terms of revenue was estimated to be worth $1.5 billion in 2022 and is poised to reach $1.9 billion by 2027, growing at a CAGR of 6.5% from 2022 to 2027.

Medical Power Supply Market is projected to grow from USD 1.5 billion in 2022 to USD 1.9 billion by 2027, at a CAGR of 6.5% from 2022 to 2027, according to a new report by MarketsandMarkets™.The medical power supply market is expected to grow significantly over the next decade, as advances in medical technology and the rising prevalence of chronic diseases and medical conditions drive demand for specialized medical power solutions.

Medical power supplies are designed to provide regulated power for medical equipment and applications. They are used in a variety of medical settings, including hospitals, laboratories, medical imaging centers, and in home settings. Medical power supplies are designed to protect sensitive medical equipment from power fluctuations, surges, and brownouts. They also provide safety features such as overload protection and short-circuit protection.

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The most commonly used medical power supplies are linear power supplies, which are designed to provide constant, regulated power to medical equipment. Linear power supplies are typically used in medical imaging applications and in home health care settings. Other types of medical power supplies include switching power supplies, which are more efficient than linear power supplies and can be used in settings where power consumption is a concern.

The global medical power supply market is driven by advances in medical technology and the increasing prevalence of chronic diseases. The growing number of medical imaging centers, home health care settings, and other medical settings are also driving the market. In addition, the rising demand for sophisticated medical power supplies is expected to fuel market growth.

The medical power supply market is highly competitive, and is dominated by established players such as GE Healthcare, Philips, Siemens, and Zoll Medical. These companies are investing heavily in research and development to develop advanced medical power solutions.

The global medical power supply market is expected to grow at a steady pace over the forecast period, driven by the increasing prevalence of chronic diseases, advances in medical technology, and the rising demand for sophisticated medical power solutions.

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Key Market Players

prominent players in the medical power supply market are Advanced Energy Industries, Inc (US), TDK Corporation (Japan), Delta Electronics, Inc. (Taiwan), SL Power Electronics (US), XP Power (Singapore), Bel Fuse Inc. (US), COSEL Co. Ltd. (Japan), FRIWO Gerätebau GmbH (Germany), SynQor, Inc. (US), GlobTek, Inc. (US), MEAN WELL Enterprises Co. Ltd. (Taiwan), Spellman High Voltage Electronics Corporation (US), and Astrodyne TDI (US), among others.

This report has segmented the global Medical Power Supply market based on converter type, application, architecture, manufacturing type, and region.

By Converter Type

  • AC-DC Power Supply
  • DC-DC Power Supply

By Application

  • Diagnostic Imaging Systems
  • Patient Monitoring Equipment
  • Surgical Equipment
  • Dental Equipment
  • Home Use & Wearable Equipment
  • Implantable Medical Devices
  • Other Applications

By Architecture

  • Enclosed Power Supply
  • Open Frame Power Supply
  • External Power Supply
  • U-Bracket Power Supply
  • Encapsulated Power Supply
  • Configurable Power supply

By Manufacturing Type

  • Standard Power Supply
  • Customized Power Supply
  • CF Rating Power Supply

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Recent Developments

  • In July 2022, Advanced Energy Industries expanded its SL Power SLB series with the launch of a 300 W power supply.
  • In July 2022, Wall Industries, Inc. introduced four DC/DC converters (DCSMU1, DCSMU2, DCMHP06, and DCMHPL20) ranging from 1 to 20 watts and two AC/DC power supplies (PSAMPS45 and PSAMPS65) at 45 and 65 watts
  • In June 2022, XP Power launched compact medical desktop power supplies. This AQM AC/DC power supply is a space-saving fan-less solution for home healthcare and hospital applications
  • In April 2022, Wall Industries, Inc. introduced five new variants to expand its PSSW family of open frame AC/DC supplies. The models include PSSW120, PSSW225, PSSW350, PSSW450, and PSSW550
  • In April 2022, Advanced Energy Industries acquired SL Power Electronics Corporation, a provider of customized power solutions for medical and advanced industrial applications, from Steel Partners Holdings L.P. The acquisition expanded Advanced Energy’s medical power solution offerings through the addition of a complementary portfolio of products and its ability to meet the growing needs of industrial and medical customers

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