Market Overview:
The global medical grade isolation transformer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical grade isolation transformers from hospitals, medical research centers, and biomedical firms across the globe. Additionally, the growing awareness about safety and security among end users is also propelling the growth of this market. Based on type, the global medical grade isolation transformer market can be segmented into 120V, 240V, and others. The 240V segment is expected to hold a major share of this market during the forecast period owing to its high demand from hospitals and other healthcare facilities. Based on application, this market can be divided into hospitals, medical research centers, biomedical firms, and others.
Product Definition:
A medical grade isolation transformer is a device that is used to protect patients from electrical shocks. It does this by providing a barrier between the patient and the electrical current. This type of transformer is important because it can help prevent serious injuries or death from occurring.
120V:
120V is the voltage of power supply used in medical-grade isolation transformers. It’s a step up from the 120V to 240V that we commonly use at home. The most common usage of these isolation transformers is for laboratory equipment, such as Bunsen burners and other glassware equipment, which has an output range between 100 V to 250 V.
These are specially designed for lab applications where high power density.
240V:
240V is a type of electrical supply that is used in medical-grade isolation transformers. It has the ability to provide safe and effective power for laboratory equipment, such as Bunsen burners, which operate at voltages ranging from 120V to 240V.
These isolation transformers are equipped with multiple outlets including banana plugs and IEC C13 (pin) outlets.
Application Insights:
The others segment held the largest share of the global medical grade isolation transformers market in 2017. This is attributed to an increasing number of hospitals and medical research centers across the globe. For instance, as per WHO, there were approximately 1.6 billion hospital beds in 2015 globally which represented nearly 29% of total bed capacity worldwide. Furthermore, according to a study published by NCBI in 2018, it was estimated that around 740 million people have some form of disability which includes paralysis or mobility impairment and about 483 million are registered blind individuals globally who can be effectively served by vision impaired guides dog (VID). Such significant growth rates for healthcare sector coupled with rising demand for isolation transformer from biomedical firms are some factors contributing towards segment growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing government initiatives for R&D and healthcare facilities. For instance, according to a study published by Global Health Data Exchange (GHDX), in 2016, around 30% of all U.S.-based clinical trials were conducted at just 10 sites located across nine states of the U.S.
Asia Pacific is anticipated to be one of the fastest growing regions over the forecast period owing to rising investments from various governments.
Growth Factors:
- Increasing demand for medical grade isolation transformers from the healthcare sector
- Rising awareness about the benefits of using medical grade isolation transformers in various applications
- Growing number of hospitals and clinics across the globe
- Technological advancements in medical equipment and devices that require use of medical grade isolation transformers
- Rising demand for reliable and efficient power supply solutions from the healthcare sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Grade Isolation Transformers Market Research Report
By Type
120V, 240V, Others
By Application
Hospitals, Medical Research Centers, Biomedical Firms, Others
By Companies
Talema, Tripp Lite, Triad Magnetics, Toroid Corporation Inc, Bender, Jansen Medicars, Hammond Manufacturing Ltd, Tortech, Badger Magnetics, Agile Magnetics, Controlled Magnetics, Wesemann, Advance Electronics Ltd, REO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Medical Grade Isolation Transformers Market Report Segments:
The global Medical Grade Isolation Transformers market is segmented on the basis of:
Types
120V, 240V, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Medical Research Centers, Biomedical Firms, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Talema
- Tripp Lite
- Triad Magnetics
- Toroid Corporation Inc
- Bender
- Jansen Medicars
- Hammond Manufacturing Ltd
- Tortech
- Badger Magnetics
- Agile Magnetics
- Controlled Magnetics
- Wesemann
- Advance Electronics Ltd
- REO
Highlights of The Medical Grade Isolation Transformers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 120V
- 240V
- Others
- By Application:
- Hospitals
- Medical Research Centers
- Biomedical Firms
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Grade Isolation Transformers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical grade isolation transformers are designed to provide a safe and effective means of separating medical devices from each other and from the patient. They are also designed to protect the patient by preventing cross contamination between devices.
Some of the major companies in the medical grade isolation transformers market are Talema, Tripp Lite, Triad Magnetics, Toroid Corporation Inc, Bender, Jansen Medicars, Hammond Manufacturing Ltd, Tortech, Badger Magnetics, Agile Magnetics, Controlled Magnetics, Wesemann, Advance Electronics Ltd, REO.
The medical grade isolation transformers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Grade Isolation Transformers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Grade Isolation Transformers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Grade Isolation Transformers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Grade Isolation Transformers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Grade Isolation Transformers Market Size & Forecast, 2020-2028
4.5.1 Medical Grade Isolation Transformers Market Size and Y-o-Y Growth
4.5.2 Medical Grade Isolation Transformers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 120V
5.2.2 240V
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Medical Research Centers
6.2.3 Biomedical Firms
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Grade Isolation Transformers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Grade Isolation Transformers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 120V
9.6.2 240V
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Medical Research Centers
9.10.3 Biomedical Firms
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 120V
10.6.2 240V
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Medical Research Centers
10.10.3 Biomedical Firms
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 120V
11.6.2 240V
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Medical Research Centers
11.10.3 Biomedical Firms
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 120V
12.6.2 240V
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Medical Research Centers
12.10.3 Biomedical Firms
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 120V
13.6.2 240V
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Medical Research Centers
13.10.3 Biomedical Firms
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Grade Isolation Transformers Market: Competitive Dashboard
14.2 Global Medical Grade Isolation Transformers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Talema
14.3.2 Tripp Lite
14.3.3 Triad Magnetics
14.3.4 Toroid Corporation Inc
14.3.5 Bender
14.3.6 Jansen Medicars
14.3.7 Hammond Manufacturing Ltd
14.3.8 Tortech
14.3.9 Badger Magnetics
14.3.10 Agile Magnetics
14.3.11 Controlled Magnetics
14.3.12 Wesemann
14.3.13 Advance Electronics Ltd
14.3.14 REO
