Global Medical Power Supply Market to Reach $1.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Medical Power Supply estimated at US$976.9 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at aCAGR of 5.2% over the period 2020-2027. AC-DC Power Supply, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the DC-DC Power Supply segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $288 Million, While China is Forecast to Grow at 4.8% CAGR
The Medical Power Supply market in the U.S. is estimated at US$288 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$245.4 Million by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.We bring years of research experience to this 6th edition of our report. The 179-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Astrodyne Tdi Power Supplies & Emi Filters
- CUI, Inc.
- Delta Electronics, Inc.
- Excelsys Technologies
- Friwo Geratebau GmbH
- Globtek, Inc.
- Handy & Harman Ltd
- Inventus Power
- Mean Well Enterprises Co., Ltd.
- Powerbox International AB
- Spellman High Voltage Electronics Corporation
- Tdk-Lambda Corporation
- Wall Industries, Inc.
- XP Power Ltd.