Concise Analysis of the International Medical Power Supply Market - Forecasts to 2017

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Research and Markets

Mar 04, 2014, 08:45 ET

DUBLIN, Mar. 04, 2014 /PRNewswire/ --

Research and Markets

(

http://www.researchandmarkets.com/research/chjb4x/medical_power

) has announced the addition of the

"Concise Analysis of the International Medical Power Supply Market - Forecasts to 2017"

report to their offering.

(Logo:http://photos.prnewswire.com/prnh/20130307/600769)

The medical power devices market is expected to reach $866.8 million by 2017 from $642.0 million in 2012, at a CAGR of 6.2% from 2012 to 2017. This report categorizes the market into three broad segments - by technology, by type, and by application. The market, by type, includes enclosed, open frame, external, configurable, and encapsulated power supplies. Enclosed and open frame devices dominate the medical power supply market. The external power supply market is expected to grow strongly in the coming years.

The application market is broadly categorized into diagnostic equipment, medical monitoring equipment, home patient care equipment, dental equipment and surgical equipment. Diagnostic equipment power supply dominated the market in 2012, followed closely by medical monitoring power supply market. MRI and ultrasound are the largest segments marking the growth of the diagnostic equipment power supply market. The home patient care power supply application is expected to spur the demand for power supplies in the coming years. PAP devices, ventilators and dialysis devices power supplies are expected to boost the market in the coming years.

The major factors driving the market are the rise in high efficiency and digitally controlled power supply, opportunities in emerging economies, advancement in medical device technology and portable medical equipment, increasing aging population and increasing incidences of lifestyle diseases. Stringent regulatory and certification systems and the economic downturn are barriers curbing the growth of the market.

The global market is dominated by North America, followed by Europe, Asia, and Rest of the World (RoW). North America will continue to lead the market in the forecast period, followed by Europe. Over the next five years, the growth of the market in the Asian region is likely to be strongest in China, India, Taiwan, Korea, and Singapore. The growth will be driven by the improvement in the standard of living, greater access to medical treatment, and an upsurge in availability of technical support for healthcare. Moreover, prominent power supply manufacturers are opening their manufacturing facilities in the Asian subcontinent, especially in China. This is fueling the growth of this market in this region.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Global Market, By Technology

5 Market, By Type

6 Market, By Application

7 Geographic Analysis

8 Competitive Landscape

9 Company Profiles

Companies Mentioned: