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Global Medical Power Supply Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Technology, Type, Application & Region – Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 43
Pages: 145

Global Medical Power Supply Market Size (2022 to 2027)

The size of the global medical power supply market is projected to value USD 1307 Million by 2027 from USD 980 million in 2022, registering a CAGR of 5.92% from 2022 to 2027.

Energy supply Medical is an equipment/device used in a wide range of medical applications. Feeders are independent and discrete devices. Sometimes they are integrated into larger devices/teams. The growing need for smaller, more proficient, consistent, cheaper, and lighter weight medical tools is also driving the development of the global medical power supply market. Easier access to medical treatment, increased disease prevalence, improved standard of living, availability of technical services for health care, and the efficiency of various controlled energy supplies are the main drivers of medical energy supply. Medical food is used in many medical applications. Sometimes they are mixed with more powerful equipment or devices for power supply. Healthcare facilities are thriving worldwide, thanks to technical inventions and the growth of the elderly population, which is expected to further transform the healthcare sector. Currently, nearly 68% of the world's elderly population resides in emerging countries.

MARKET DRIVERS:

Increasing healthcare facilities and rising incidences of chronic diseases are fuelling the growth rate of the global medical power supply market.

According to the American Hospital Association (AHA), there were 5,727 hospitals in the United States in 2019 and 1,624 hospitals in Canada in 2019. Several new facilities have also been established in recent years.

Some other significant factors driving the growth of the market are technological advancements in healthcare equipment, an increasing number of healthcare facilities, a rising incidence of chronic diseases, and growing demand for wearable and household devices. Healthcare facilities are thriving worldwide, thanks to technological innovations in the healthcare industry and a growing geriatric population. Healthcare technologies are evolving in every possible aspect, from patient registration to data monitoring and from laboratory tests to self-care devices. Also, the aging population is growing at an accelerating rate around the world. It has led to the need to increase sanitation facilities around the world. Governments are also taking initiatives to create new and advanced sanitation facilities in developing countries to meet the growing population's needs.

The increase in the number of healthcare facilities could increase the demand for medical power supply, which is expected to boost the global medical power supply market. Moreover, technological advancements in healthcare equipment, the increasing incidence of chronic diseases, and the growing demand for wearable and home devices drive the growth of the medical power supply market. Public and private spending on health has increased considerably in recent times. It is due to the increase in population and the prevalence of various diseases. The rapidly changing lifestyle drives the demand for advanced healthcare solutions, accelerating the need for medical power supplies globally. According to the World Bank, public and private health spending in the United States collectively accounted for 18% and 18.4% of the country's overall GDP in 2019 and 2020, respectively, while in Germany, it represented 12.4% of the country's GDP in 2019. The increase in healthcare spending has led to the strong adoption of wireless technologies, implantable medical devices, and a strong preference for healthcare facilities alternatives. Hence, increasing healthcare spending is expected to drive the growth of the global medical power supply devices market during the forecast period. APAC region dominated the global medical power supply devices market in 2020, with a share of 43.3% in value, followed by Europe, North America, Latin America, and the Middle East, and Africa.

MARKET RESTRAINTS:

Product failures and ever-changing medical device certification and regulatory policies have led to an increase in product recalls. As a result, original equipment manufacturers (OEMs) face higher inventory, operating, and logistics costs, resulting in significant revenue loss, which is expected to hamper the global medical power supply market's growth.

Impact of COVID-19 on the global medical power supply market:

The novel SARS-CoV-2 caused COVID 19 and was declared as a public emergency health issue by the WHO. Nearly 184 countries are affected by the COVID 19 outbreak. As the COVID 19 pandemic continues to spread, it has exposed the liabilities of supply chains and logistics. During the lockdown period, the supply of raw materials required to manufacture medical power supply devices was disrupted.  The rising production of healthcare devices successfully drives the medical power supply devices. As the pandemic crisis enlarges, providers are quickly shifting their focus to their practice and purchasing priorities to meet the pandemic's demands.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Current Type, Type, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

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

 

This research report on the global medical power supply market has been segmented and sub-segmented based on current type, type, application, and region.

Medical Power Supply Market – By Current Type:

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

The market is segmented into the AC-DC power supply and DC-DC power supply based on the current type. The AC-DC power supply is witnessed in leading the highest shares of the market. Increasing expenditure on healthcare is leveling up the growth of the medical power supply market.

Medical Power Supply Market – By Type:

  • Enclosed
  • External
  • Open Frame
  • Configurable
  • Encapsulated

Based on type, the external medical power supply market is anticipated to show the highest growth due to an increase in compact, portable medical device usage, which increasingly employs external medical power supply. The upsurge in the home healthcare market, which comprises smaller, portable, and convenient to use medical devices, is another factor bolstering the growth of the external power supply market.

Medical Power Supply Market – By Application:

  • Medical Monitoring Equipment
  • Diagnostic Equipment
  • Dental Equipment
  • Home Patient Care Equipment
  • Surgical Equipment

Based on the application, the Diagnostic equipment application has the fastest growth rate from the past few years and is also expected to hit the highest CAGR in the near future. Growing prevalence for the early diagnosis of the diseases among individuals is ascribed to bolster the demand of the market.

Medical Power Supply Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Geographically, North America dominates the global market for medical power supply due to the easy adoption of technology advancements and wide-ranging technical applications of medical power supply devices in the region. Asia, followed by Europe, is likely to experience a high growth rate in the coming few years in the global medical power supply devices market. In the next few years, the growth of the Asian region market is likely to be centered in India, China, Taiwan, Korea, and Singapore.

KEY MARKET PARTICIPANTS:

Notable companies dominating the global medical power supply market profiled in this report are TDK Lambda, SL Power Electronics, Emerson Network Power, ICCNexergy, Powerbox, Astrodyne Corporation, Delta Electronics, Inc., Mean Well Enterprises Co., Ltd, and Excelsys Technology.

1.Introduction                  

                1.1 Market Definition    

                1.2 Study Deliverables  

                1.3 Base Currency, Base Year and Forecast Periods           

                1.4 General Study Assumptions

2. Research Methodology                           

                2.1 Introduction              

                2.2 Analysis Design         

                2.3 Research Phases      

                                2.3.1 Secondary Research

                                2.3.2 Primary Research

                                2.3.3 Econometric Modelling

                                2.3.4 Expert Validation

                2.4 Study Timeline          

3. Overview                      

                3.1 Executive Summary

                3.2 Key Inferences         

                3.3 New Developments

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                      

                4.1 Market Drivers          

                4.2 Market Restraints    

                4.3 Key Challenges         

                4.4 Current Opportunities in the Market

5. Market Segmentation                              

                5.1 ByTechnology           

                                5.1.1 AC-DC power supply

                                5.1.2 DC-DC power supply

                5.2 By Type        

                                5.2.1 Enclosed

                                5.2.2 External

                                5.2.3Open Frame

                                5.2.4 Configurable

                                5.2.5 Encapsulated

                5.3 By Application           

                                5.3.1 Medical Monitoring Equipment

                                5.3.2 Diagnostic Equipment

                                5.3.3 Dental Equipment

                                5.3.4 Home Patient Care Equipment

                                5.3.5 Surgical Equipment

6. Geographical Analysis                              

                6.1 North America          

                                6.1.1 Introduction

                                6.1.2 United States

                                6.1.3 Canada 

                6.2 Europe         

                                6.2.1 Introduction

                                6.2.2 U.K

                                6.2.3 Spain

                                6.2.4 Germany

                                6.2.5 Italy 

                                6.2.6 France

                6.3 Asia-Pacific 

                                6.3.1 Introduction

                                6.3.2 China 

                                6.3.3 India 

                                6.3.4 Japan 

                                6.3.5 South Korea

                6.4 Latin America            

                                6.4.1 Introduction

                                6.4.2 Brazil

                                6.4.3 Argentina

                                6.4.4 Mexico

                                6.4.5 Rest of Latin America

                6.5 Middle East & Africa

                                6.5.1 Introduction

                                6.5.2 Middle East

                                6.5.3 Africa

7.Strategic Analysis                        

                7.1 PESTLE analysis         

                                7.1.1 Political

                                7.1.2 Economic

                                7.1.3 Social

                                7.1.4 Technological

                                7.1.5 Legal

                                7.1.6 Environmental

                7.2 Porter’s Five analysis              

                                7.2.1 Bargaining Power of Suppliers

                                7.2.2 Bargaining Power of Consumers

                                7.2.3 Threat of New Entrants

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry

8.Market Leaders' Analysis                          

                8.1 Delta Electronics Inc.              

                                8.1.1 Overview

                                8.1.2 Product Analysis

                                8.1.3 Strategic Evaluation and Operations

                                8.1.4 Financial analysis

                                8.1.5 Legal issues

                                8.1.6 Recent Developments

                                8.1.7 SWOT analysis

                                8.1.8 Analyst View

                8.2 TDK Lambda               

                8.3 SL Power Electronics               

                8.4 Emerson Network Power     

                8.5 ICCNexergy

                8.6 Powerbox   

                8.7 Astrodyne Corporation         

                8.8 Mean Well Enterprises Co., Ltd          

                8.9 Excelsys Technology

9.Competitive Landscape                            

                9.1 Market share analysis            

                9.2 Merger and Acquisition Analysis        

                9.3 Agreements, collaborations and Joint Ventures          

                9.4 New Product Launches          

10.Expert Opinions                         

                10.1 Market Outlook     

                10.2 Investment Opportunities 

Appendix                           

                a) List of Tables

                b) List of Figures              

  1. Global Medical Power Supply Market, By Region, From 2022 - 2027 (USD Billion)
  2. Global Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  3. Global AC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  4. Global DC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  5. Global Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  6. Global Enclosed Market, By Region, From 2022 - 2027 (USD Billion)
  7. Global External Market, By Region, From 2022 - 2027 (USD Billion)
  8. Global Open Frame Market, By Region, From 2022 - 2027 (USD Billion)
  9. Global Configurable Market, By Region, From 2022 - 2027 (USD Billion)
  10. Global Encapsulated Market, By Region, From 2022 - 2027 (USD Billion)
  11. Global Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  12. Global Medical Monitoring Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  13. Global Diagnostic Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  14. Global Dental Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  15. Global Home Patient Care Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  16. Global Surgical Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  17. North America Medical Power Supply Market, By Region, From 2022 - 2027 (USD Billion)
  18. North America Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  19. North America AC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  20. North America DC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  21. North America Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  22. North America Enclosed Market, By Region, From 2022 - 2027 (USD Billion)
  23. North America External Market, By Region, From 2022 - 2027 (USD Billion)
  24. North America Open Frame Market, By Region, From 2022 - 2027 (USD Billion)
  25. North America Configurable Market, By Region, From 2022 - 2027 (USD Billion)
  26. North America Encapsulated Market, By Region, From 2022 - 2027 (USD Billion)
  27. North America Surgical Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  28. United States Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  29. United States Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  30. United States Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  31. Canada Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  32. Canada Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  33. Canada Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  34. Europe Medical Power Supply Market, By Region, From 2022 - 2027 (USD Billion)
  35. Europe Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  36. Europe AC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  37. Europe DC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  38. Europe Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  39. Europe Enclosed Market, By Region, From 2022 - 2027 (USD Billion)
  40. Europe External Market, By Region, From 2022 - 2027 (USD Billion)
  41. Europe Open Frame Market, By Region, From 2022 - 2027 (USD Billion)
  42. Europe Configurable Market, By Region, From 2022 - 2027 (USD Billion)
  43. Europe Encapsulated Market, By Region, From 2022 - 2027 (USD Billion)
  44. Europe Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  45. Europe Medical Monitoring Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  46. Europe Diagnostic Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  47. Europe Dental Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  48. Europe Home Patient Care Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  49. Europe Surgical Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  50. U.K Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  51. U.K Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  52. U.K Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  53. Spain Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  54. Spain Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  55. Spain Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  56. Germany Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  57. Germany Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  58. Germany Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  59. Italy Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  60. Italy Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  61. Italy Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  62. France Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  63. France Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  64. France Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  65. Asia-Pacific Medical Power Supply Market, By Region, From 2022 - 2027 (USD Billion)
  66. Asia-Pacific Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  67. Asia-Pacific AC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  68. Asia-Pacific DC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  69. Asia-Pacific Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  70. Asia-Pacific Enclosed Market, By Region, From 2022 - 2027 (USD Billion)
  71. Asia-Pacific External Market, By Region, From 2022 - 2027 (USD Billion)
  72. Asia-Pacific Open Frame Market, By Region, From 2022 - 2027 (USD Billion)
  73. Asia-Pacific Configurable Market, By Region, From 2022 - 2027 (USD Billion)
  74. Asia-Pacific Encapsulated Market, By Region, From 2022 - 2027 (USD Billion)
  75. Asia-Pacific Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  76. Asia-Pacific Medical Monitoring Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  77. Asia-Pacific Diagnostic Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  78. Asia-Pacific Dental Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  79. Asia-Pacific Home Patient Care Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  80. Asia-Pacific Surgical Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  81. China Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  82. China Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  83. China Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  84. India Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  85. India Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  86. India Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  87. Japan Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  88. Japan Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  89. Japan Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  90. South Korea Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  91. South Korea Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  92. South Korea Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  93. Latin America Medical Power Supply Market, By Region, From 2022 - 2027 (USD Billion)
  94. Latin America Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  95. Latin America AC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  96. Latin America DC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  97. Latin America Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  98. Latin America Enclosed Market, By Region, From 2022 - 2027 (USD Billion)
  99. Latin America External Market, By Region, From 2022 - 2027 (USD Billion)
  100. Latin America Open Frame Market, By Region, From 2022 - 2027 (USD Billion)
  101. Latin America Configurable Market, By Region, From 2022 - 2027 (USD Billion)
  102. Latin America Encapsulated Market, By Region, From 2022 - 2027 (USD Billion)
  103. Latin America Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  104. Latin America Medical Monitoring Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  105. Latin America Diagnostic Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  106. Latin America Dental Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  107. Latin America Home Patient Care Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  108. Latin America Surgical Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  109. Brazil Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  110. Brazil Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  111. Brazil Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  112. Rest of Latin America Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  113. Rest of Latin America Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  114. Rest of Latin America Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  115. Middle East & Africa Medical Power Supply Market, By Region, From 2022 - 2027 (USD Billion)
  116. Middle East & Africa Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  117. Middle East & Africa AC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  118. Middle East & Africa DC-DC power supply Market, By Region, From 2022 - 2027 (USD Billion)
  119. Middle East & Africa Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  120. Middle East & Africa Enclosed Market, By Region, From 2022 - 2027 (USD Billion)
  121. Middle East & Africa External Market, By Region, From 2022 - 2027 (USD Billion)
  122. Middle East & Africa Open Frame Market, By Region, From 2022 - 2027 (USD Billion)
  123. Middle East & Africa Configurable Market, By Region, From 2022 - 2027 (USD Billion)
  124. Middle East & Africa Encapsulated Market, By Region, From 2022 - 2027 (USD Billion)
  125. Middle East & Africa Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  126. Middle East & Africa Medical Monitoring Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  127. Middle East & Africa Diagnostic Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  128. Middle East & Africa Dental Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  129. Middle East & Africa Home Patient Care Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  130. Middle East & Africa Surgical Equipment Market, By Region, From 2022 - 2027 (USD Billion)
  131. Middle East Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  132. Middle East Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  133. Middle East Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)
  134. Africa Medical Power Supply Market, By Technology, From 2022 - 2027 (USD Billion)
  135. Africa Medical Power Supply Market, By Type, From 2022 - 2027 (USD Billion)
  136. Africa Medical Power Supply Market, By Application, From 2022 - 2027 (USD Billion)

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