Global Medical Battery Market: Trends, Opportunities and Competitive Analysis

Medical Battery Market Trends and Forecast

The future of the global medical battery market looks promising in the segments of patient monitoring, general Medical Battery, cardiovascular, orthopedic, and home healthcare. The global medical battery market is expected to reach an estimated $2.4 billion by 2027 with a CAGR of 4.9% from 2022 to 2027. The major drivers for this market are increasing demand for battery powered portable and implantable devices in medical diagnostic and therapeutic practices.

Emerging Trends in the Medical Battery Market

Emerging trends which have a direct impact on the dynamics of the market include increasing recycling of lithium-ion batteries to reduce waste and introduction of thin film batteries to make lightweight, smaller size wearable devices.

A total of 129 figures / charts and 140 tables are provided in this 221-page report to help in your business decisions. Sample figures with some insights are shown below.

Medical Battery Market by Segments

In this market, lithium is the largest material market, whereas cardiovascular and other devices is largest market by application. Growth in various segments of the medical battery market are given below:

The study includes a trend and forecast for the medical battery market by material, product, application, battery type, capacity type, and region as follows:

Medical Battery Market By Application [Value ($ Million) from 2016 to 2027]:

• Patient Monitoring Devices
• General Medical
• Cardiovascular Medical
• Orthopedic Devices
• Home Healthcare Devices
• Other Devices

Medical Battery Market By Material [Value ($ Million) from 2016 to 2027]:

• Lithium-ion
• Lead Acid
• Zinc Air
• Others

Medical Battery Market By Product [Value ($ Million) from 2016 to 2027]:

• Implantable Batteries
• Non-Implantable Batteries

Medical Battery Market By Capacity Type [Value ($ Million) from 2016 to 2027]:

• Less than 1000 mAh
• 1000-2000 mAh
• Above 2000 mAh

Medical Battery Market By Region [Value ($ Million) from 2016 to 2027]:

• North America

United States

Canada

Mexico

• Europe

Germany

France

United Kingdom

Belgium

Spain

Italy

• APAC

China

India

Japan

• ROW

Brazil

List of Medical Battery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical battery companies profiled in this report includes.

• Kholberg Kravish Roberts
• Boston Scientific
• GE Healthcare
• Siemens
• Integer Holding
• EaglePicher Technology
• Saft Group

Medical Battery Market Insights

• Lucintel forecasts that lithium-ion batteries will remain the largest segment as well as witness the highest growth over the forecast period due to their unique characteristics, such as high voltage and energy density. These qualities make lithium-ion batteries the preferred choice for implantable Medical Battery.
• In the global medical battery market, the cardiovascular device battery segment is expected to witness the highest growth over the forecast period due to increasing chronic and cardiovascular diseases in various regions.
• In this market, implantable and non-implantable batteries are used in various Medical Battery. The non-implantable battery segment is projected to remain the largest market over the forecast period due to increasing healthcare awareness and demand for portable Medical Batterys for frequent self-monitoring and for disease treatment.
• North America is anticipated to remain the largest market due to its advanced healthcare infrastructure. APAC is expected to witness the highest growth over the forecast period due to increasing awareness and advancement of healthcare in this region.

Features of the Medical Battery Market

• Market Size Estimates: Medical battery market size estimation in terms of value ($M).
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Medical battery market size by various segments, such as application, function, and end use.
• Regional Analysis: Medical battery market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different material, product, application, battery type, capacity type, and regions for medical battery market.
• Strategic Analysis: This includes M&A and competitive landscape for the medical battery.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the medical battery market size?

Answer: The global medical battery market is expected to reach an estimated $2.4 billion by 2027.

Q2. What is the growth forecast for medical battery market?

Answer: The medical battery market is expected to grow at a CAGR of ~4.9% from 2022 to 2027.

Q3. What are the major drivers influencing the growth of the medical battery market?

Answer: The major drivers for this market are increasing demand for battery powered portable and implantable devices in medical diagnostic and therapeutic practices.

Q4. What are the major applications or end use industries for medical battery?

Answer: Patient Monitoring, General Medical, Cardiovascular, Orthopedic, Home Health, and Others are the major end use for medical battery

Q5. What are the emerging trends in medical battery market?

Answer: Emerging trends which have a direct impact on the dynamics of the market include increasing recycling of lithium-ion batteries to reduce waste and introduction of thin film batteries to make lightweight, smaller size wearable devices.

Q6. Who are the key medical battery companies?

Answer: Some of the key medical battery companies are as follows:

• Kholberg Kravish Roberts
• Boston Scientific
• GE Healthcare
• Siemens
• Integer Holding
• EaglePicher Technology
• Saft Group

Q7.Which medical battery product segment will be the largest in future?

Answer: Lucintel forecasts that lithium-ion batteries will remain the largest segment as well as witness the highest growth over the forecast period due to their unique characteristics, such as high voltage and energy density.

Q8: In medical battery market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region and Asia Pacific expected to witness the highest growth over next 5 years

Q9. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1 What are some of the most promising potential, high-growth opportunities for the medical battery market by application (patient monitoring, general medical, cardiovascular medical, orthopedic, home healthcare, and other devices), battery chemistry type (lithium-ion, lead acid, zinc air, and osthers), product (implantable and non-implantable), battery type (rechargeable and non-rechargeable), capacity type (0-1000 mAh, 1000-2000 mAh, and 2000-above mAh), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2 Which segments will grow at a faster pace and why?
• Q.3 Which regions will grow at a faster pace and why?
• Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the medical battery market?
• Q.5 What are the business risks and threats to the medical battery market?
• Q.6 What are emerging trends in this medical battery market and the reasons behind them?
• Q.7 What are some changing demands of customers in the medical battery market?
• Q.8 What are the new developments in the medical battery market? Which companies are leading these developments?
• Q.9 Who are the major players in the medical battery market? What strategic initiatives are being implemented by key players for business growth?
• Q.10 What are some of the competitive products and processes in the medical battery market, and how big of a threat do they pose for loss of market share via material or product substitution?
• Q.11 What M&A activities did take place in the last five years in the medical battery market?