The global medical power supply market size was US$ 1,086.9 million in 2021. The global medical power supply market size is forecast to reach US$ 1,798.5 million by 2030, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2022 to 2030.

The medical power supply is an energy source that must meet particular standards in order to use for medicinal purposes in a hospital or a residential house. Higher safety standards and less electromagnetic interference require for EMC compliance. Furthermore, power supplies are electrical devices that transform a power source into the necessary shape to ensure compatibility with the equipment being used. Medical gadgets that use these technologies include blood analyzers, X-rays, MRI, patient monitoring, robotic surgical instruments and dentistry equipment, and CT and PET scanners.

Factors Influencing Market Growth

Among the factors driving the global market include the increasing incidence of diseases, easy access to medical treatment, availability of technical support for healthcare, advancement in the standard of living, and the efficiency of the digitally controlled power supply.
The lowered economic wave and adverse regulatory conditions may slow down the overall market growth.
The rising popularity of in-home patient care, increasing medical device market, and growing adoption of mobile medical devices are forecast to offer lucrative opportunities for the market during the forecast period.
Impact Analysis of COVID-19

Due to the COVID-19 pandemic worldwide, there was a considerable rise in demand for medical power requirements, particularly for ventilators, nucleic acid detectors, mask machines, and other temperature measurement equipment. In addition, life support medical equipment like patient monitors and ventilators have noticed the highest spike in demand. Thus, the COVID-19 pandemic had a positive impact on the global medical power supply market.

However, the shut-down of manufacturing facilities due to lockdowns and disturbed supply chains barely impacted the growth of the medical power supply market.

Regional Insights

North America held the largest share of the medical power supply market in 2021. As a result of the substantial base of healthcare facilities, mainly hospitals and diagnostic imaging centers, and the increasing medical equipment production.

The Asia Pacific region is forecast to have the highest CAGR in the market during the forecast period. The region is a premium area for manufacturing and sourcing medical products for primary medical device manufacturers. In addition, rising adoption of regular healthcare check-ups and technical advances in medical devices. Additionally, the growing demand for minimally invasive treatments and government approval for medical device expansion and research and development in developing highly advanced medical devices have grown exponentially. Thus, these factors are forecast to drive market growth in the region.

Leading Competitors

The leading prominent companies profiled in the global medical power supply market are:

Delta Electronics Inc.
CUI Inc. (Bel Fuse Inc.)
Advanced Energy Industries Inc.
Globtek Inc.
Mean Well Enterprises Co. Ltd
Powerbox International AB
SL Power Electronics Corp.
Spellman High Voltage Electronics Corporation
TDK-Lambda Corporation
XP Power
Other Prominent Players
Scope of the Report

The global medical power supply market segmentation focuses on Technology, Type, Manufacturing Type, Application, and Region.

Segmentation based on Technology

AC to DC Power Supply
200W and less
201-500W
501-1,000W
1,001-3,000W
3,001W and above
DC to DC Power Supply
30W and less
31-60W
61W and above
Segmentation based on Type

Open Frame Power Supply
Enclosed Power Supply
Adapter Power Supply
Converters
Segmentation based on Manufacturing Type

Standard Power Supply
Customized Power Supply
CF Rating Power Supply
Segmentation based on Application

Diagnostic, Imaging, and Monitoring Equipment
MRI
X-Ray System
CT Scanner
Ultrasound System
Mammography System
Positron Emission Tomography (PET)
Other Diagnostic System
Surgical Equipment
Radiofrequency-Based Ablation System
Electric and Electroporation Ablation System
Light and Laser-Based Ablation System
Aesthetic Laser System
Opthalmology Laser Devices
Other Surgical Equipment
Home Medical Equipment
PAP Devices
Infusion Pumps
Ventricular Assist Devices
Pulse Oximeters
Portable Nebulizers
Portable Suction Device
Others
Other Applications
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America