The report’s findings indicate that in addition to the ageing population, a number of other factors will significantly contribute to market growth, including a growing preference for portable devices, a high need for home healthcare services, and supportive government initiatives to advance healthcare infrastructure.
With technical improvements in medical power supply devices, such as smart medical devices integrated in furniture and portable medical equipment for home care, the market for medical power supplies is anticipated to expand even further. A recent Persistence Market Research (PMR) report projects that the worldwide medical power supply market will grow at a robust CAGR of 7% through 2029.
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Technological innovations in the medical industry, such as Brain Control Interface (BCI), outpatient robotic surgery, automated mobile wheelchairs, mobile robots for logistics applications in healthcare, and automated hospital beds are high-quality, reliable and safe medical power supplies. will create significant demand for This will create value opportunities for manufacturers of medical power supplies in the long term.
Key Takeaways – Medical Power Supply Market Study
Convection cooled medical power supplies are getting more attention than forced cooled power supplies. This is mainly due to the superior advantages of convection cooling medical power supplies, such as increasing device reliability and significantly reducing equipment maintenance costs.
The advance of multifunctional medical equipment is leading to a decrease in demand for specific purpose equipment, which in turn hinders sales of medical power supplies globally.
Demand for external products in the medical power supply market is likely to grow at an astounding CAGR of 9% during the forecast period.
Medical facilities at home help patients recover faster and reduce costs, so there is a growing demand for medical power supplies for home care setting applications.
Asia Pacific (APAC) is creating significant growth opportunities in the medical power supply market as the demand for home care facilities increases and companies in the region develop new products with medical safety standards.
Demand for Asia Pacific eEountries in external medical power supplies will increase significantly in the market during the forecast period. This increase in demand can be attributed to the growing use of small and portable medical devices that use external power supplies.
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Product innovation focused on medical safety approvals
Major players in the medical power supply market are focusing on developing new products with medical safety approvals. Increased government investment in healthcare infrastructure has driven various medical power supply providers to develop new products for patient and operator safety.
FRIWO has introduced the FOX-C family of devices that include high-efficiency chargers for Li-ion systems. This device meets new US energy efficiency standards for chargers. The company also offers standard products with medical approval according to IEC60601-1.
Artesyn Embedded Technologies has introduced a new series of LCM3000 AC-DC single output enclosed power supplies. Approved for industrial and medical safety, they can supply up to 3000 watts of power. The LCM3000 series offers a configurable nominal output with adjustable plus and minus 25% and a maximum current of 25A.
Company
Astrodyne TDI
SL Power Electronics
XP Power
Power Box
Delta Electronics
Co., Ltd. CI
Mean Well
Freewar
TDK Lambda
Synchro
Artesyn Embedded Technology
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Key Segments
Product Type
Open Frame
Hermetically
Encapsulated
External
Function
AC-DC power supply
DC-DC converter
End User
Hospitals
Outpatient Surgery Cente
Clinics
Rehabilitation Centers
Diagnostic Centers
Home Care Settings
Regions
North America Central and
South America
Western Europe
Eastern Europe
Asia Pacific excluding
Japan Japan
Middle East and Africa
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