Global Market Study on Medical Power Supply Devices: Rising Demand for Portable and Homecare Devices is Expected to Drive Growth of Market During the Forecast Period 2016 - 2022, Persistence Market Research

LONDON, Aug. 22, 2016 /PRNewswire/ -- Power supply devices are discrete and stand-alone devices. At times, they are integrated into larger devices/equipment. Examples of applications where power supply devices are integrated into electronic devices include desktop computers, washing machines, refrigerators, and other consumer electronic devices. Some of the common types of power supply devices include DC power supplies, AC-DC power supplies, linear regulator, AC power supplies, switched mode power supplies, and programmable power. Of the various market segments, the medical application segment has been estimated to account for 4-5% share (in terms of revenue) of the global AC-DC and DC-DC power supply market by 2015 end. Major applications of medical power supplies include MRI, CT scan, and PET scanners. Increased demand for medical care at home is driving market growth currently. In fact, the market has seen traction in the sale of home healthcare devices, including those used for patient monitoring, therapeutic, and surgical applications.

Persistence Market Research offers a 10-year forecast of the global medical power supply devices market between 2016 and 2022. The report defines 2014 as the base year and provides data for the following 12 months. In terms of value, the medical power supply devices market is expected to expand at a CAGR of 4.5% during the forecast period.

This report covers the global medical power supply devices market performance in terms of value contribution. This section also includes PMR analysis of key trends, drivers, restraints, challenges, and opportunities, which are influencing the global medical power supply devices market. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.

The global medical power supply devices market is being driven by factors such as the proliferation of diagnostic equipment and systems with rising incidences of chronic diseases, rise in healthcare expenditure, and rising demand for portable and homecare devices across the globe. Also, the foray of advanced technologies is paving the way for the introduction of innovative devices/equipment with improved features, which is expected to drive the growth of the market for medical power supply devices in developed regions of the world. However, factors such as pricing pressure, product recall, and the foray of multi-functional equipment are expected to constrain the growth of the market in the near future.

In this report, the global medical power supply devices market is segmented by product type, function, by the end user, and by region. By product type, the medical power supply devices market is segmented into the standard medical power supply and configurable medical power supply. The standard medical power supply has been estimated to remain the most dominant segment in the global medical power supply devices market in 2015.

The medical power supply devices market is segmented as follows:

By product type:

Standard medical power supply
Open Frame Power Supply Devices
Enclosed Power Supply Devices
Encapsulated Power Supply Devices
External Power Supply Devices
Configurable medical power supply
Open Frame Power Supply Devices
Enclosed Power Supply Devices
Encapsulated Power Supply Devices
External Power Supply Devices
By Function
AC-DC Power Supply Devices
DC-DC Converters
By End User:
Hospitals
Ambulatory Surgical Centers
Clinics
Long Term Care Centers
Rehabilitation Centers
Diagnostic Centers
Home Care Settings
By Region:
North America
U.S.
Canada
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Europe
Germany
France
U.K.
Spain
Italy
Russia
Rest of Europe
Asia Pacific
China
India
ASEAN
Australia & new Zealand
Rest of APAC
The Middle East & Africa (MEA)
GCC
South Africa
Rest of MEA
Given the ever-fluctuating global economy, the report not only forecasts the market on the basis of CAGR but also analyses the impact of the key parameters for each year of the forecast period. This helps clients to understand the predictability of the market and identify the right opportunities across the market during the forecast period. Also, a significant feature of this report is the analysis of all vital segments in terms of absolute dollar opportunity. The absolute dollar opportunity is critical for assessing the level of revenue opportunity in the market.

In the final section of this report on the medical power supply devices market, the competitive landscape is included in order to present the clients with a dashboard view based on the categories of providers in the value chain of the market, product portfolios, and key differentiators. This section is important for gleaning insights about the participants in the market's ecosystem. Additionally, it enables identification and evaluation of key competitors based on the in-depth assessment of their capabilities and successes in the marketplace. The report provides comprehensive profiles of the providers in the market to evaluate their long-term and short-term strategies, key offerings, and recent developments.

Key players in the medical power supply devices market include XP Power, CUI Inc., Astrodyne TDI, Artesyn Embedded Technologies (Emerson Network Power), TDK-Lambda, SL Power Electronics, Delta Electronics, Inc., GlobTek, Inc., and Powerbox International AB. These players have been profiled on the basis of various attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.

In order to evaluate the market size, revenue generated by the medical power supply devices manufacturers has been taken into consideration. Average selling price for each product across each region was taken into account for estimating market revenue across the respective regions. Additionally, a large number of various types of healthcare institutions in each region have been taken into consideration. Besides, an average number of beds and equipped with equipment requiring a power supply in each type of healthcare institutions have been taken into consideration to estimate the medical power supply market size Moreover, market estimates have been analysed keeping in mind different factors including technology, environment, economic, legal, and social. In order to provide correct market forecast statistics, the current market was sized as it forms the basis of the medical power supply devices market during the forecast period. Given the characteristics of the market, we triangulated the outcome of three different types of data including secondary research, primary research, and data from paid databases. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Secondary research includes key players' product literature, annual reports, press releases, and relevant documents, recent trade journals, technical writing, Internet sources, trade associations, agencies, and statistical data from government websites. This collated data from primary and secondary data sources is then analysed by the in-house research panel using market research statistical tools.

Key features of this report
Drivers, Restraints, and Challenges in the Medical Power Supply Devices Market
Latest Innovations and Key Developments in the Market
Analysis of Business Strategies of Major Players
Medical Power Supply Devices Market Estimates and Forecast
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