External AC Power Bank for Medical Use Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 3.5 Billion by 2030, growing at a CAGR of 11.5% from 2024 to 2030.
The market for external AC power banks designed for medical use has seen significant growth from 2018 to 2022. This growth was driven by increased demand for portable and reliable power sources for medical devices, such as ventilators, infusion pumps, and patient monitoring systems. Hospitals, healthcare centers, and individual users have increasingly relied on these power banks to ensure uninterrupted power supply, especially in critical care situations. In fact, the demand for these devices rose significantly due to the global health crises, especially during the COVID-19 pandemic. The rising adoption of medical-grade power solutions across various applications has enhanced the overall market demand for external AC power banks.
From 2023 to 2033, the outlook for the external AC power bank for medical use market shows an even stronger growth trajectory. Several factors are expected to fuel this expansion. With increasing healthcare spending, the growing number of outpatient care facilities, and an emphasis on patient-centric care models, more medical devices will require portable power solutions. The shift towards home healthcare, where patients receive treatment outside of traditional hospital settings, is also anticipated to drive the need for reliable and efficient external AC power banks. Furthermore, advancements in battery technology, such as the development of higher-capacity batteries with faster charging times, are likely to make these power banks even more efficient and desirable. Innovations in the Internet of Medical Things (IoMT) are expected to increase the interconnectivity of medical devices, further raising the demand for these power solutions.
Despite these promising trends, the market will face certain challenges. Regulatory concerns surrounding the safety and efficacy of external AC power banks in medical settings will continue to play a crucial role in shaping the market's future. Compliance with international standards, such as ISO 13485 and UL certification, will be paramount for manufacturers aiming to expand their reach. Additionally, competition from other power solutions like backup generators and in-house power infrastructure may pose challenges for external AC power banks to capture a larger market share. However, the ongoing innovation in battery technology and integration of renewable energy solutions could provide further opportunities for growth in the market.
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RECOM Powerï¬
Delta Electronics
Cincon Electronics
Enedo Power
Arch Electronics Corp
Astrodyne TDI
FRIWO
SL Power
Advanced Energy
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global External AC Power Bank for Medical Use Market
Diagnostic Equipment
Dental Equipment
Emergency Medical Equipment
Others
Based on Types the Market is categorized into Below types that held the largest External AC Power Bank for Medical Use market share In 2023.
Portable
Desktop
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global External AC Power Bank for Medical Use Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global External AC Power Bank for Medical Use Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global External AC Power Bank for Medical Use Market, By Type
6. Global External AC Power Bank for Medical Use Market, By Application
7. Global External AC Power Bank for Medical Use Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global External AC Power Bank for Medical Use Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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