The Europe Medical Power Supply Devices Market is a $247.54 million market in 2015 and is forecasted to reach $322.91 Million by the 2020, growing at a CAGR of 5.46% in the period of discussion. A medical power supply device is an electrical equipment like transformers and reactors for instance, 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. With increase in digitally controlled power supply and efficiency, innovations in technology for medical device, opportunities available in the emerging economies, increase in aging population, portable medical devices, and increase in occurrence of chronical diseases, the growth of the market is propelling.
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The Europe medical power supply market is segmented into three categories - by application, by type, and by technology. Based on technology, the market is again segmented into AC-DC power supply and DC-DC power supply. The market by type is divided into open frame, encapsulated, enclosed, external, and configurable. Based on application it is segmented into diagnostic equipment, medical monitoring equipment, home patient care equipment, dental equipment and surgical equipment.
The external segment in the medical power supply market is expected to witness high growth rate owing to an increase in the usage of compact, portable medical devices, which employs an external medical power supply. The rise in the home healthcare market comprising of smaller, portable and convenience in using the medical devices is the primary factor for the significant growth of external power supply market
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Furthermore, on the basis of geography, the European Market is analysed under various regions namely, UK, Spain, Italy, Germany and France.
The latest trends among the companies in the medical power supply market includes investment in R&D division for more advancements and ground-breaking products with increased efficiency. The major companies operating in the medical power supply devices market are TDK Lambda, SL Power Electronics, Emerson Network Power, ICCNexergy, Powerbox, Astrodyne Corporation, Delta Electronics, Inc., Mean Well Enterprises Co., Ltd and Excelsys Technology.
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