Medical Power Supply Market is Expected to Reach $1.9 billion | MarketsandMarkets

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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 according to a latest report published by MarketsandMarkets™. The growth of the medical power supply market is majorly driven by growing product development and commercialization, increasing affordability, and the use of home healthcare devices. Portable/integrated instrument adoption and recent advancements in product design and architecture are supported by developments in adjacent industries, such as semiconductor chips and integrated circuits. Such devices have witnessed rapid installation due to their advantages—improved power factor correction, better thermal management, and reduced audible noise. The availability of funding and support to develop portable medical devices has also driven the overall research activity in this sector. These factors have favored the adoption of medical power solutions since the growth of this market is directly tied to instrument use.

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Medical Power Supply Market Scope:

Report Coverage Details
Market Revenue in 2022 $1.5 billion
Estimated Value by 2027 $1.9 billion
Growth Rate Poised to grow at a CAGR of 6.5%
Market Size Available for 2020–2027
Forecast Period 2022–2027
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Converter Type, Application, Architecture, Manufacturing Type, and Region
Geographies Covered North America, Europe, Asia Pacific, Latin America, and Middle East and Africa
Report Highlights Updated financial information / product portfolio of players
Key Market Opportunities Emerging high-voltage DC power sources
Key Market Drivers Growing adoption of home-use healthcare products

Medical Power Supply market major players covered in the report, such as:

  • 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)
  • Astrodyne TDI (US)
  • and Among Others

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

Global Medical Power Supply Market, by Converter Type

  • AC-DC Power Supply
  • 200W and less
  • 201-500W
  • 501-1,000W
  • 1,001-3,000W
  • 3,001W and above
  • DC-DC Power Supply
  • 30W and less
  • 31-60W
  • 61W and above

Global Medical Power Supply Market, by Application

  • Diagnostic Imaging Systems
  • MRI Systems
  • X-ray Systems
  • CT Scanners
  • Ultrasound Systems
  • Mammography Systems
  • PET Systems
  • Other Diagnostic Imaging Systems
  • Patient Monitoring Equipment
  • ECG Monitors
  • EEG Monitors
  • MEG Monitors
  • Multiparameter Monitors
  • Other Patient Monitoring Equipment
  • Surgical Equipment
  • RF-based Ablation Systems
  • Electric & Electroporation Ablation Systems
  • Light & Laser-based Ablation Systems
  • Aesthetic Laser Systems
  • Ophthalmology Laser Devices
  • Other Surgical Equipment
  • Dental Equipment
  • Home Use & Wearable Equipment
  • Implantable Medical Devices
  • Other Applications

Global Medical Power Supply Market, by Architecture

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

Global Medical Power Supply Market, by Manufacturing Type

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

Medical power supply Market, by region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa

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