Advanced Energy Industries (US) and Delta Electronics (Taiwan) are the Key Players in the Medical Power Supply Market
The medical power supply market is projected to reach USD 1.8 billion by 2025 from USD 1.3 billion in 2020, at a CAGR of 6.9% during the forecast period. Growth in this market is primarily driven by technological advancements towards the development of programmable medical power supply ; increased funding, research grants, and public-private investments; growing government initiatives to improve healthcare nfrastructure of hospitals; and the emergence of modular AC-DC power supply. However, the technical limitation for conventional medical power supplies is expected to limit market growth in the coming years. Complex regulatory frameworks that delay the approval of new medical power supply are also expected to challenge market growth to a certain extent. The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2017–2020 to expand their global presence and increase their market shares in the medical power supply market. Th...