We have an updated report [Version - 2023] available. Kindly sign up to get the sample of the report.

Medical Batteries Market - Size, Share, Trends, and Forecast to 2027

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

The global medical batteries market by Product Type (Implantable Batteries {Pacemakers Batteries, Implantable Cardioverter Defibrillator Batteries, Neurostimulators Batteries, Cochlear Batteries, Infusion Pumps Batteries, and Other Implantable Batteries} and Non-Implantable Batteries {Diagnostic Imaging Device Batteries, Patient Monitoring Device Batteries, Critical Care Support Batteries, In Vitro Diagnostics Instrument Batteries, Therapeutic Devices, Prosthetic Device Batteries and Other Non-Implantable Batteries}), by Battery Type (Lithium Batteries, Nickel-Metal Hydride Batteries, Zinc-air batteries) and by End User (Hospitals and Nursing Homes, Clinics, Diagnostic Centers, Home Care Settings, Others) and by Region is estimated at US$ 2,181.6 million in 2017 and is projected to exhibit a CAGR of 6.4 % over the forecast period (2017-2025), as highlighted in a new report published by Coherent Market Insights.

Increasing prevalence of chronic diseases and cardiovascular diseases is leading to continuous developments and innovation in medical devices for treatment and prevention, such as pacemakers and defibrillators. This rise in prevalence is leading to development of light, long-life efficient batteries, mainly in patient monitoring devices such as glucometer, hemodynamic, cardiac, neuro, fetal & neonatal, respiratory, weight, temperature, multi-parameter, and remote patient monitoring devices and this is expected to lead to growth of the medical batteries market.

Manufacturers of medical batteries are focusing on new product launches to expand its product portfolio and to cater to increasing demand for batteries. For instance, MED-EL, a provider of hearing implant systems, launched first cochlear implant audio processor to feature wireless charging, in September 2017. This wireless charging enables user to power their implants with 18 hours of battery life for each four hour charge, providing the users a full day of hearing from one overnight charge. In May 2014, Vitec Group — a manufacturer of mobile power systems for healthcare industry — introduced Elora battery system. The Elora battery system is 240Wh, lithium-ion battery, which provides flexible and scalable solutions in battery management for point-of-care technology, primarily for mobile workstations such as medical carts.

Furthermore, in October 2014, Panasonic Corporation commercialized its pin shaped lithium ion battery. The pin shaped battery is the smallest cylindrical shaped rechargeable lithium ion battery, which is suitable for powering small devices such as medical devices and wearable devices.

Browse 40 Market Data Tables and 36 Figures spread through 214 Pages and in-depth TOC on Medical devices Product Type (Implantable Batteries (Pacemakers Batteries, Implantable Cardioverter Defibrillator Batteries, Neurostimulators Batteries, Cochlear Batteries, Infusion Pumps Batteries, and Other Implantable Batteries) Non-Implantable Batteries (Diagnostic Imaging Device Batteries, Patient Monitoring Device Batteries, Critical Care Support Batteries, In Vitro Diagnostics Instrument Batteries, Therapeutic Devices, Prosthetic Device Batteries and Other Non-Implantable Batteries) by Battery Type (Lithium Batteries, Nickel-Metal Hydride Batteries, Zinc-air batteries) by End User (Hospitals and Nursing Homes, Clinics, Diagnostic Centers, Home Care Settings, Others) and by Region- Global Forecast to 2025

To know the latest trends and insights prevalent in the medical batteries market, click the link below:

https://www.coherentmarketinsights.com/market-insight/medical-batteries-market-1174

Manufacturers are focusing on expanding the company's presence in the medical batteries market through mergers and acquisitions strategy, which in turn is expected to favor the growth of medical batteries in near future. For instance, in January 2016, Ultralife Corporation acquired Accutronics Ltd. for US$ 11 million in cash transaction, as Accutronics is engaged in designing, development, and manufacturing of smart battery and charger systems for devices including digital imaging, ventilators, anesthesia, endoscopy, patient monitoring, cardio pulmonary care, oxygen concentration, and aspiration. In addition to this, in February 2017, EaglePicher Technologies, LLC acquired Lithiumstart Inc. — a company engaged in offering lithium ion battery management, safety, and power conversion technology.

Key takeaways of the market:

The global medical batteries market is expected to exhibit a CAGR of 6.4% over the forecast period (2017-2025), owing to the rising prevalence of cardiovascular disease. Asia Pacific market is expected to exhibit a high growth rate, in terms of value, over the forecast period, as the medical battery manufactures involved in the merger and acquisition activities to expand their market in Asia Pacific.
Among battery type segments, lithium batteries is expected to exhibit fastest growth with a CAGR of 7.6% over the forecast period, due to high voltage, energy density, and unique characteristics of lithium battery system makes then a strongest battery type preferred for implantable medical devices.
The global medical batteries market is characterized by market expansion in Asia Pacific, North America, and Europe, which is expected to generate higher market revenue due to increase in number of acquisition. For instance, EnerSys acquired the Energy Leader Batteries India Pvt Ltd. in November 2013. Moreover, the acquisitions enables EnerSys to geographically expand their medical batteries portfolio in the Asia Pacific region
Some major players operating in the medical batteries market are Ultralife Corporation, EaglePicher Technologies LLC, EnerSys, Liberating Technologies, Inc., Panasonic Corporation, Tadiran Batteries Ltd., Saft Groupe S.A., Arotech Corporation, SHENZHEN KAYO BATTERY Co., Ltd, and Vitec Group plc.



Choose License Type

Happy To Assist You

Contact Images

We will be happy to help you find what you need. Please call us or write to us:

Frequently Asked Questions

This report incorporates the analysis of factors that augments the market growth. Report presents competitive landscape of the global market. This also provides the scope of different segments and applications that can potentially influence the market in the future. The analysis is based on current market trends and historic growth data. It includes detailed market segmentation, regional analysis, and competitive landscape of the industry.
The report efficiently evaluates the current market size and provides industry forecast. The market was valued at xxx Million US$ in 2019, and is expected to grow at a CAGR of xx% during the period 2020-2027.
The report efficiently evaluates the current market size and provides forecast for the industry in terms of Value (US$ Mn) and Volume (Thousands Units).
Market is segmented by:
  • Product Types
  • Drug Class
  • Indication
  • Applications
  • Services Types
  • End-users
  • Distribution channel
  • Regions
The report share key insights on the following:
  • Current market size
  • Market forecast
  • Market opportunities
  • Key drivers
  • Restraints
  • Pipeline Analysis
  • Incidence Rate
  • Epidemiology Analysis
  • Prevalence rate
  • Regulatory scenario
  • Industry trend
  • Pestle Analysis
  • Porter’s Analysis
  • New product approvals/launch
  • Promotion and marketing initiatives
  • Pricing analysis
  • Export-import analysis
  • Trade analysis
  • Competitive landscape
It helps the businesses in making investments decisions.
Customization helps the organization to gain insight on specific segments and regions of interest. Thus, WMR offers tailored report information based on business requirement in order to take strategic calls.
Contact us

mapicon
Sales Office (U.S.):
Worldwide Market Reports, 533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States

mapicon+1-415-871-0703

mapicon
Asia Pacific Intelligence Center (India):
Worldwide Market Reports, 403, 4th Floor, Bremen Business Center, Aundh, Pune, Maharashtra 411007, India.

Newsletter

Want us to send you latest updates of the current trends, insights, and more, signup to our newsletter (for alerts, special offers, and discounts).


Secure Payment By:
paymenticon

This website is secured Origin CA certificate on the server, Comodo, Firewall and Verified Sitelock Malware Protection

secureimg

© 2024 Worldwide Market Reports. All Rights Reserved