Asia Pacific Medical Power Supply Devices Market to grow at a CAGR of 7.12% during 2015 to 2020

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According to the report Asia-Pacific Medical Power Supply Devices Market, published by Market Data Forecast, The Market is valued at $165.02 million in 2015 and is predicted to reach $232.75 Million by the end of 2020, growing with a CAGR of 7.12% during the forecasted period.

A medical power supply devices are referred to the electrical equipment for medical purposes used in reactors and instance transformers 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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However, strict regulations and certification systems, slow economy in many major economies and the high cost that are associated with these medical devices are the few factors effecting the growth of market for medical power supply devices.

Asia-Pacific Medical Power Supply Devices Market: Segmentation

By Technology           

  • AC-DC power supply
  • DC-DC power supply

By Type        

  • Enclosed
  • External
  • Open Frame
  • Configurable
  • Encapsulated

By Application           

  • Medical Monitoring Equipment
  • Diagnostic Equipment
  • Dental Equipment
  • Home Patient Care Equipment
  • Surgical Equipment

The external medical power supply market is estimated to be highest growing segment because of the increased usage of portable, compact medical devices, which requires an increased employment of external medical power supply. The growth in home healthcare market comprising of portable, smaller and convenience of using medical devices is another factor helping the growth of market for external power supply.

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In addition, based on geographical region, the Asia-Pacific Market is analysed under various regions namely, India, China, Japan and South Korea. In the next few years, the growth of the market in the Asian region is likely to be centred at India, China, Taiwan, Korea, and Singapore

The latest trends observed in medical power supply devices market includes companies being involved in R&D division for more innovations and ground-breaking products with enhanced efficiency. Some of 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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Reasons to buy Asia-Pacific Medical Power Supply Devices Market Report:

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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