(PharmaNewsWire.Com, July 06, 2017 ) The Power Supply Devices Market in North America Medical is estimated to be a $288.79 million market in 2015 and is believed to reach $379.41 Million by 2020, with a growth rate of 5.61% CAGR. A medical power supply device is an electrical equipment like reactors and transformers for example that are used to supply power for various medical devices.
Medical Power Supply devices market is growing at a significant rate as a result of increase in the increasing popularity for powered equipment in healthcare, aging population sector and advancements in the healthcare facilities. Powered medical equipment are also gaining popularity attributing to their increased efficiency and user-friendly nature offered by them in a medical examination. Furthermore, technological innovations in the field and initiatives from the governments are increasing the use of medical equipment which are in turn aiding the growth of medical power supply devices market. Rise in digitally controlled and high efficiency power supply devices, developments in medical device technology, growing opportunities in developing economies, portable medical devices and increase in frequency of occurrence of lifestyle diseases are the driving forces for the market. However, stringent regulations and certification bodies, downturn in many major economies and the high cost that are associated with these medical devices are the few factors restraining the growth of market for medical power supply devices.
The segmentation of medical power supply market in North America is divided into three segments - by technology, by type, and by application. Based on technology, the market is categorised into AC-DC power supply and DC-DC power supply. The market based on type is analysed as open frame, enclosed, external, encapsulated and configurable and again based on application it is segmented into diagnostic equipment, medical monitoring equipment, dental equipment, surgical 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.
In addition, on the basis of geography, the North America market is analysed under various regions namely, USA and Canada. North America dominates the global market for medical power supply devices due to easy adoption of technology advancements and wide-ranging technical applications of medical power supply devices in the region.
The latest trends observed in medical power supply devices market includes companies being involved in R&D division for more innovations and ground-breaking products with enhanced efficiency. Some of the major companies operating in the medical power supply devices market are Powerbox, SL Power Electronics, TDK Lambda, Emerson Network Power, Astrodyne Corporation, ICCNexergy, Delta Electronics, Inc., Excelsys Technology and Mean Well Enterprises Co., Ltd.
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