Medical Power Supply Devices Market
The report’s findings indicate that in addition to the ageing population, a number of other factors will have a big impact on market growth, including a rising preference for portable devices, a high demand for home healthcare services, and encouraging government initiatives to improve healthcare infrastructure.
The market for medical power supplies is expected to grow even more with technological advancements in medical power supply devices, such as smart medical devices incorporated in furniture and portable medical equipment for home care. According to a recent Persistence Market Research (PMR) analysis, the global market for medical power supplies will expand at a strong CAGR of 7% through 2029.
Technological innovations in the medical industry, such as Brain Control Interface (BCI), outpatient robotic surgery, automated mobile wheelchairs, mobile robots for logistics applications in healthcare, and automated hospital beds are high-quality, reliable and safe medical power supplies. will create significant demand for This will create value opportunities for manufacturers of medical power supplies in the long term.
Key Takeaways – Medical Power Supply Market Study
- Convection cooled medical power supplies are getting more attention than forced cooled power supplies. This is mainly due to the superior advantages of convection cooling medical power supplies, such as increasing device reliability and significantly reducing equipment maintenance costs.
- The advance of multifunctional medical equipment is leading to a decrease in demand for specific purpose equipment, which in turn hinders sales of medical power supplies globally.
- Demand for external products in the medical power supply market is likely to grow at an astounding CAGR of 9% during the forecast period.
- Medical facilities at home help patients recover faster and reduce costs, so there is a growing demand for medical power supplies for home care setting applications.
- Asia Pacific (APAC) is creating significant growth opportunities in the medical power supply market as the demand for home care facilities increases and companies in the region develop new products with medical safety standards.
- Demand for Asia Pacific eEountries in external medical power supplies will increase significantly in the market during the forecast period. This increase in demand can be attributed to the growing use of small and portable medical devices that use external power supplies.
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