Middle-East & Africa Medical Power Supply Devices Market is currently valuated at $64.8 million in 2018 and is poised to be a $81.93 Million market by 2023, with a growth rate of 4.8%. A medical power supply device is an electrical equipment like transformers and reactors for instance, that are used to supply power for various medical devices.
Medical Power Supply devices market is growing at a substantial rate due to increase in the aging population, increasing popularity of powered equipment in healthcare sector and enhancement in the healthcare facilities. Powered medical devices are gaining popularity mainly due to their user-friendly nature and increased efficiency offered by them in a medical procedure. In addition, technological developments in the field and government initiatives to boost the use of medical devices have been in turn propelling the market for medical power supply devices.
With increase in digitally controlled power supply and efficiency, innovations in technology for medical device, opportunities available in the emerging economies, increase in aging population, portable medical devices, and increase in occurrence of chronical diseases, the growth of the market is propelling.
The Middle-East & Africa medical power supply market is segmented into three categories – by type, by technology and by application. Analysing based on technology, it is segmented into AC-DC and DC-DC power supply. Basing on type, is categorized into configurable, enclosed, external, encapsulated and open frame. Based on application it is segmented into surgical equipment, medical monitoring equipment, dental equipment, diagnostic equipment and home patient care equipment.
Due to a rise in compact, portable medical devices usage, external medical power supply market is believed to be the highest growing segment, which increasingly employ external medical power supply. The upsurge in the portable, smaller and convenient medical device in home healthcare market segment is the main factor for the growth of market in external power supply segment.
Furthermore, on the basis of geography, the Middle-East & Africa Market is analysed and segmented under the regions of Middle-East and Africa.
One of the latest trends observed in market for medical power supply devices includes companies being invested 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, Mean Well Enterprises Co., Ltd, SL Power Electronics, ICCNexergy Emerson Network Power, Powerbox, Astrodyne Corporation, Delta Electronics, Inc., and Excelsys Technology.
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