Medical power supply market to top $1.2bn by 2022
This is a result of the growth in funding and infrastructure development, advancements in medical power supply products, and rising trend of home healthcare says the report by Research and Markets.
In 2017, diagnostic & monitoring equipment is expected to account for the largest share of the global market, in terms of value market. Increasing public-private funding for the installment of diagnostic imaging equipment is expected to drive the market for power supplies used in this application segment.
In 2016 North America accounted for the largest share of the global medical power supply market, followed by Asia, Europe, and RoW. In terms of volume and value market, the Asia region is expected to see the highest growth rate from 2017 to 2022. The presence of a large number of market players and increasing installations of medical equipment are the major factors fuelling the growth of the global market in the Asian region says the report.
The report cites key players in the medical power supply market as CUI, Spellman High Voltage Electronics and Astrodyne TDI Power Supplies & EMI Filters in the US alongside XP Power in Singapore, Delta Electronics in Taiwan and TDK in Japan.
The report is available at www.researchandmarkets.com/research/tvkkfn/medical_power