According to the report Latin America Medical Power Supply Devices Market, published by Market Data Forecast, The Market is currently estimated to be a $66.01 million in 2015 and is expected to reach $91.94 Million by the end of 2020, growing at a rate of 6.85%.
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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.
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Market for medical Power Supply devices is growing at a significant rate due to factors like increasing popularity for powered devices in healthcare sector, increase in the aging population and enhancement of facilities in healthcare. Popularity gained by the powered medical devices is attributed to their user-friendly nature and rise in efficiency offered by the power supply devices in a medical procedure.
And also, technological developments and new innovations in the field and initiation from government to rise the usage of medical devices have also helped in growing the 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.
Latin 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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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.
Furthermore, on the basis of geography, the Latin America Market is analysed under various regions namely, Argentina, Brazil, Mexico and Rest of Latin America.
Recently the companies of medical power supply device market are involved in R&D division for more ground-breaking products with enhanced efficiency. Some of the major companies operating in the medical power supply devices market are TDK Lambda, ICCNexergy, SL Power Electronics, Powerbox, Emerson Network Power, Astrodyne Corporation, Mean Well Enterprises Co., Delta Electronics, Inc., Ltd and Excelsys Technology.
Reasons to access Latin 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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