Power Management Chip for Medical Instruments Market (By Type: Independent Function Chip, Multi-Function Chip; By Application: Vital Signs Monitoring Devices, In Vitro Diagnostic Devices, Medical Imaging Devices, Others; By Region: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Industry Size, Share, Growth, Trends 2025 to 2034.
The global power management chip for medical instruments market, valued at USD 2,286 million in 2024, is projected to reach USD 4,211 million by 2034, growing at a CAGR of 6.3% driven by increasing demand for energy-efficient, reliable medical device components.
Statical Scope| Reports Attributes | Statistics |
| Market Size in 2024 | USD 2,286 Million |
| Market Size in 2025 | USD 2,430 Million |
| Market Size in 2031 | USD 3,506 Million |
| Market Size by 2034 | USD 4,211 Million |
| CAGR 2025 to 2034 | 6.3% |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
The power management chip for medical instruments market is growing at a significant pace due to the rising awareness regarding human health and well-being. This has been significantly contributing towards the rising popularity of wearable devices, monitors, and many more. PMICs are an integral part of these devices, where they have a key role to play in improving their reliability. The high-quality power management chips are usually higher in cost, which may affect their adoption rate due to budget limitations in some applications.
The rising integration of power management chips in portable medical instruments is expected to create a massive demand in the emerging economies like China, India, and others. The power management chip for medical instruments market is rising more rapidly due to artificial intelligence (AI) integration, as it helps in predicting workload bursts. The manufacturing yield is also witnessing steady growth with the inclusion of these technologies.
| Regions | Shares (%) |
| North America | 30% |
| Asia Pacific | 35% |
| Europe | 28% |
| Latin America | 4% |
| Middle East & Africa | 3% |
| Segments | Shares (%) |
| Independent Function Chip | 55% |
| Multi-Function Chip | 45% |
| Segments | Shares (%) |
| Vital Signs Monitoring Devices | 40% |
| In Vitro Diagnostic Devices | 25% |
| Medical Imaging Devices | 20% |
| Others | 15% |
Published by Shubham Desale
