According to this report, the North American Medical Power Supply Devices Market is estimated to be a $288.79 million market in 2015 and is believed to reach $379.41 Million by 2020, with a growth rate of 5.61% CAGR.
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A medical power supply device is an electrical equipment like reactors and transformers for example that are used to supply power for various medical devices.
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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.
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However, stringent regulations and certification bodies, downturn in many major economies and the high cost that are associated with these medical devices are the few factors restraining the growth of market for medical power supply devices.
North America Medical Power Supply Devices Market: Segmentation
- AC-DC power supply
- DC-DC power supply
- Open Frame
- Medical Monitoring Equipment
- Diagnostic Equipment
- Dental Equipment
- Home Patient Care Equipment
- Surgical Equipment
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In addition, on the basis of geography, the North America market is analysed under various regions namely, USA and Canada. North America dominates the global market for medical power supply devices due to easy adoption of technology advancements and wide-ranging technical applications of medical power supply devices in the region.
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 Powerbox, SL Power Electronics, TDK Lambda, Emerson Network Power, Astrodyne Corporation, ICCNexergy, Delta Electronics, Inc., Excelsys Technology and Mean Well Enterprises Co., Ltd.
North America 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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