Medical Power Supply Device Market
Medical Power Supply Device Market Study by Open Frame, Enclosed, Encapsulated, and External for Hospitals, Ambulatory Surgical Centers, Clinics, Rehabilitation Centers, and Others From 2024 to 2034
Analysis of Medical Power Supply Device Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Medical Power Supply Device Market Outlook (2024 to 2034)
According to the latest research conducted by Fact.MR, the global medical power supply device market is projected to generate revenue of US$ 2.87 billion by 2034, up from US$ 1.89 billion in 2024. Over the next ten years, sales are forecasted to increase at a CAGR of 4.2% between 2024 and 2034.
Growing utilization of recent medical technology that calls for high-end power supply systems is a result of increasing investments in healthcare infrastructure in several countries. Demand for medical power supply to outfit hospitals and clinics with contemporary equipment is increasing by government and private sector initiatives in countries, such as China and India.
There is a rising demand for power supply solutions that satisfy the stricter healthcare regulations all over the world. Utilization of certified power solutions is driven by the requirement that medical power sources adhere to several safety certifications, including IEC60601 standards, which guarantee their dependability and lower patient safety concerns.
Key Market Growth Drivers :
- Demand for complex medical devices that need steady and dependable power sources is growing as healthcare technologies are continuously progressing. This trend is shaping the medical power supply device market outlook.
- Requirement for reliable, high-performance power supplies for gadgets, such as patient monitoring systems, life support equipment, and diagnostic imaging systems in healthcare facilities is driving up sales of medical power supply devices.
- An important medical power supply device market trend to notice globally is the increasing popularity of home healthcare and remote patient monitoring. Due to this medical equipment is widely utilized in non-clinical settings.
- Due to portable equipment, such as glucose monitors, oxygen concentrators, and home dialysis machines depending on medical-grade power supply, there is a growing need for portable and dependable power solutions.
- Chronic illnesses that need ongoing care and monitoring are becoming more common among the aged population. Due to this, the requirement for a dependable power supply to maintain the correct operation of medical equipment used in home healthcare, monitoring, and long-term patient care is rising.
- Adoption of specialized and advanced power supplies is increasing because of the advancements in medical equipment. These included wearable technology, robotic surgery, and sophisticated diagnostic instruments.
- The medical power supply device market size is expanding due to growing demand for more portable, efficient equipment that analyzes data in real time.
| Report Attribute | Detail |
|---|---|
| Medical Power Supply Device Market Size (2024E) | US$ 1.89 Billion |
| Forecasted Market Value (2034F) | US$ 2.87 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.2% CAGR |
| North America Market Value (2024E) | US$ 487.52 Million |
| East Asia Market Revenue Share (2024E) | 30.7% CAGR |
| Open Frame Segment Value (2034F) | US$ 1.07 Billion |
| AC-DC Power Supply Device Segment Value (2034F) | US$ 1.5 Billion |
| Key Companies Profiled | Emerson Electric; Murata Manufacturing; CUI Inc.; XP Power; Powerbox; Mean Well Enterprises; TDK-Lambda; Astrodyne TDI; RECOM Power; Bel Fuse Inc.; Schneider Electric; Phoenix Contact; Delta Electronics. |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Which Factors are Pushing Demand for Medical Power Supply Devices Worldwide?
“Increasing Demand from Healthcare Providers for Energy-Efficient Power Supplies Assisting in Cost Reduction”
As per the medical power supply device market analysis, products that enable energy efficiency without sacrificing the functionality and dependability of medical equipment are becoming an ideal choice for healthcare professionals. As hospitals and clinics embark on reducing their costs of operation and energy consumption, the market for eco-friendly and energy-efficient medical power supply devices is constantly rising.
The medical power supply device market growth is further driven by the IoT incorporation into healthcare gadgets. Due to this, the constant power supply is driven by this to enable data transmission. IoT devices only receive monitoring signals to be sent to centralized monitoring systems when they are linked to a power supply. This results in a higher demand in the medical field for advanced power solutions.
What’s Restraining the Adoption of Medical Power Supply Devices?
“Meeting Regulations, such as IEC 60601-1 Requires Extensive Testing and Certification.”
The dependability and security of medical power supply equipment depend on adherence to strict medical safety and quality standards, such as IEC 60601-1. It takes large investments in testing, certification, and quality assurance procedures to comply with these laws. In addition to raising development expenses, this prolongs the time it takes to launch products. The medical power supply device market is hampered by these difficulties for producers, which cause delays in new releases and affect their capacity to react swiftly to changing consumer preferences.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Country-wise Insights
The North American region is analyzed to hold 25.8% of the worldwide medical power supply device market share in 2024. Factors behind this position are advanced healthcare infrastructure, presence of several medical gadget manufacturers, and high healthcare spending. The region's focus on innovative healthcare solutions, together with the growing demand for telemedicine and home healthcare is driving the adoption of a strong and reliable power supply.
Why is the Demand for Medical Power Supply Devices Increasing in the United States?
“Rising Investment in Healthcare Technologies Contributing to Demand Growth”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 381.24 Million |
| Growth Rate (2024 to 2034) | 4.1% CAGR |
| Projected Value (2034F) | US$ 569.54 Million |
The medical power supply device market outlook in the United States is positive due to its well-structured healthcare system and rising investments in technology. Necessity of reliable and effective power supply solutions is increasing to support the safe and seamless functioning of advanced medical systems, such as imaging systems, robotic surgery tools, and home healthcare solutions.
In the United States, healthcare providers are widely looking for high-performance power solutions to support advanced medical gadgets. This trend is driving the market growth for medical power supply devices.
What is the Medical Power Supply Device Industry Outlook in South Korea?
“Important Role of Power Solutions in Supporting Remote Monitoring Applications”
| Attribute | South Korea |
|---|---|
| Market Value (2024E) | US$ 115.44 Million |
| Growth Rate (2024 to 2034) | 5.9% CAGR |
| Projected Value (2034F) | US$ 205.65 Million |
Requirement for advanced medical power supply solutions is increasing in South Korea due to its excellence in technological innovation, particularly in areas of wearable health devices and the Internet of Things (IoT). Compact yet dependable power sources that support these continuous ongoing developments are gaining popularity as healthcare devices are becoming more energy-efficient and networked.
Demand for portable power supplies is further driven by the country’s huge investments in telemedicine and remote patient monitoring. These solutions are becoming important in South Korea to guarantee the consistent and dependable functioning of medical equipment utilized in telemedicine, home healthcare, and other remote monitoring applications.
Category-wise Insights
Based on end user, the hospital segment is projected to account for a significant market share throughout the projection period. Utilization of these devices is high in hospitals due to complex equipment, such as imaging systems, surgical instruments, and patient monitoring systems. These types of equipment depend on steady and dependable power sources to operate efficiently.
Why are Sales of Open Frame Medical Power Supply Devices High Compared to Others?
“Surging Popularity among Healthcare Facilities as Space-Saving Design Enhances Integration in Medical Systems”
| Attribute | Open Frame |
|---|---|
| Segment Value (2024E) | US$ 684.04 Million |
| Growth Rate (2024 to 2034) | 3.8% CAGR |
| Projected Value (2034F) | US$ 1.07 Billion |
Demand for open frame medical power supply devices is high in comparison with other product types because of their adaptability, affordability, and compact design. Due to their great efficiency and ease of integration into small devices, open frame power supply devices are widely seen in medical devices. They are easily customized due to their modular design, which makes them appropriate for several uses, such as imaging systems, diagnostic equipment, and portable medical devices.
Open frame power supplies are generally less expensive than completely enclosed units, which makes them a desirable choice for producers looking to lower production costs without sacrificing medical device safety and dependability.
Which Function Segment Holds a Sizable Portion of the Global Market?
“Crucial Role in Ensuring Reliable Operation of Medical Devices”
| Attribute | AC-DC Power Supply Devices |
|---|---|
| Segment Value (2024E) | US$ 924.01 Million |
| Growth Rate (2024 to 2034) | 2.7% CAGR |
| Projected Value (2034F) | US$ 1.5 Billion |
The AC-DC converters segment holds a sizable portion of the worldwide market share due to their vital function in supplying medical equipment with effective power conversion. AC-DC converters are crucial for medical devices, such as wearable health technology, imaging equipment, and portable monitors to function dependably and with steady power levels.
These converters effectively increase or decrease voltage to satisfy the needs of particular devices while reducing heat production and energy loss. As the need for portable, energy-efficient, and small medical equipment increases, AC-DC converters play a bigger role in satisfying these demands.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Key players in the medical power supply device industry are making investments in R&D projects to introduce advanced solutions, such as portable, more dependable, and energy-efficient gadgets. The latest technological developments, such as smart power management systems and wireless power are helping manufacturers differentiate themselves and meeting the rising demand for high-performance medical devices.
- In December 2024, the Excelsys FC4000, a 4 KJ capacitor charging device with an integrated, adjustable 800 W AC-DC power supply intended to power medical laser applications, was unveiled by Advanced Energy Industries, Inc., a world pioneer in highly engineered, precise power conversion, measurement, and control systems.
- In October 2024, Vox Power introduced the EIRE300 series, an advanced line of AC/DC power supply that combines enhanced efficiency and dependability with a compact design.
- In September 2024, to help medical equipment designers meet the cardiac floating (CF) requirements of the IEC 60601-1 medical safety standard using off-the-shelf products, Advanced Energy, a global leader in highly engineered, precision power conversion, measurement, and control solutions, announced the launch of NCF150 series of high-isolation, low-leakage current AC-DC power supplies.
Fact.MR provides detailed information about the price points of key providers of medical power supply devices positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.
Segmentation of Medical Power Supply Device Market Research
-
By Product Type :
- Open Frame
- Enclosed
- Encapsulated
- External
-
By Function :
- AC-DC Power Supply Devices
- DC-DC Converters
-
By End User :
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Rehabilitation Centers
- Diagnostic Centers
- Home Care Settings
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Product Type
- 6.2. Function
- 6.3. End User
- 7. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
- 7.1. Open Frame
- 7.2. Enclosed
- 7.3. Encapsulated
- 7.4. External
- 8. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, By Function
- 8.1. AC-DC Power Supply Devices
- 8.2. DC-DC Converters
- 9. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
- 9.1. Hospitals
- 9.2. Ambulatory Surgical Centers
- 9.3. Clinics
- 9.4. Rehabilitation Centers
- 9.5. Diagnostic Centers
- 9.6. Home Care Settings
- 10. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. South Asia & Pacific
- 10.5. East Asia
- 10.6. Eastern Europe
- 10.7. Middle East & Africa
- 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Sales Forecast 2024 to 2034 by Product Type, Function, and End User for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profiles
- 20.1. Astrodyne TDI
- 20.2. Bel Fuse Inc.
- 20.3. CUI Inc.
- 20.4. Delta Electronics
- 20.5. Emerson Electric
- 20.6. Mean Well Enterprises
- 20.7. Murata Manufacturing
- 20.8. Phoenix Contact
- 20.9. Powerbox
- 20.10. RECOM Power
- 20.11. Schneider Electric
- 20.12. TDK-Lambda
- 20.13. XP Power
- 20.14. Other Market Players
Don't Need a Global Report?
save 40%! on Country & Region specific reports
- FAQs -
How big is the medical power supply device market in 2024?
The global market for medical power supply devices is estimated at US$ 1.89 billion in 2024.
What is the projected market size of medical power supply devices?
Revenue from medical power supply devices is projected to reach US$ 2.87 billion worth by 2034-end.
At what rate is the demand for medical power supply devices projected to increase?
Demand for medical power supply devices is projected to rise at 4.2% CAGR from 2024 to 2034.
Who are the key manufacturers of medical power supply devices?
Top companies are Emerson Electric, Murata Manufacturing, CUI Inc., XP Power, and Powerbox.
What is the projection for the market in East Asia?
The market in East Asia is projected to generate revenue worth US$ 965.51 billion by 2034.
At what rate is the market forecasted to expand in Japan?
The market in Japan is evaluated to advance at a CAGR of 5.3% through 2034.
What is the demand outlook for open frame medical power supply devices?
Revenue from open frame medical power supply devices is forecasted to reach US$ 1.07 billion by 2034.
Medical Power Supply Device Market