New York, NY -- (SBWIRE) -- 10/20/2014 -- Medical devices market is growing at a significant rate due to increase in the aging population and improvement in the healthcare facilities. In addition, technological advancements in the field and government initiatives to encourage the use of medical devices have been driving the global market for medical devices. A medical device may be powered or non-powered. Powered medical devices are gaining popularity due to their user-friendly nature and increased efficiency offered by them in a medical procedure. A medical power supply device refers to the medical electrical equipment that is used for supply of power to medical devices. Medical power supply devices include power transformers and reactors. Medical power supply devices market is growing at a significant rate due to increasing popularity of powered equipment in healthcare sector. On the basis of technology, medical power supply devices market can be classified into AC-DC power supply devices and DC-DC power supply devices. On the basis of type, medical power supply devices market can be classified into open frame, configurable, enclosed, encapsulated and external power supply. On the basis of its applications, medical power supply devices market can be classified into medical monitoring equipment, dental equipment, diagnostic equipment, surgical equipment and home patient care equipment.

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North America dominates the global market for medical power supply devices due to easy adoption of new technology and broad technical applications of medical power supply devices in the region. Asia, followed by the Europe, is expected to experience high growth rate in the next few years in global medical power supply devices market. China and India are expected to be the fastest growing medical power supply devices markets in Asian region. Some of the key driving forces for medical power supply devices market in emerging countries are large pool of patients, rising government funding and improvement in healthcare facilities.

Some of the major factors driving the global medical power supply devices market are growing popularity of powered medical equipment, improvement in healthcare facilities and technical advancements in the healthcare sector. In addition, government initiatives and improvement in the reimbursement scenario are driving the medical power supply devices market. However, some factors such as high cost involved and less awareness in the field are restraining the global medical power supply devices market.

Growing demographics and economies in the developing countries such as India and China are expected to offer good opportunities for medical power supply devices market. In addition, broaden application of medical power supply devices would develop opportunity for global medical power supply devices market. One of the latest trends that have been observed in medical power supply devices market includes companies involved in R&D for more innovative products with improved efficiency. Some of the major companies operating in the global medical power supply devices market are TDK Lambda, Emerson Network Power, SL Power Electronics, Powerbox, Astrodyne Corporation and Excelsys Technology. Some other companies having significant presence in medical power supply devices market are Delta Electronics, Inc., GlobTek, Inc., XP Power, ICCNexergy, FRIWO Gertebau GmbH, Mean Well Enterprises Co., Ltd and SynQor, Inc.

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