The Global Medical Devices Batteries Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
The global Medical Devices Batteries Market size was USD 2700.1 Millionin 2021 and is expected to register a revenue CAGR of 6.3% during the forecast period, according to latest analysis by Emergen Research.
A few of the major factors influencing market revenue growth over the forecast period include the rising popularity of lithium-ion batteries, surge in demand for portable and implantable devices powered by batteries, rising prevalence of chronic diseases and cardiovascular diseases globally, and rising public and private expenditure to upgrade existing healthcare infrastructure. In addition, rising demand for lithium-ion batteries is anticipated to fuel market revenue expansion. A medical battery is an electrical component connected to other medical equipment so that they can receive electricity. A cell or linked set of cells that are designed to receive, store, and dispense electric energy as needed make up a medical battery.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Medical Devices Batteries market. Also, to arrive at an accurate and unbiased market forecast, data collected from secondary research sources have been analysed and validated through primaries.
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The study further explores and provides an in-depth analysis of current market dynamics and recent trends, focusing on various key factors and potential growth opportunities and risks. The report focuses on leading regions and their major countries to anticipate market growth in the forecast years.
Some major companies in the global Medical Devices Batteries market report include Resonetics, GE Healthcare (General Electric Company), Ultralife Corp., Texas Instruments, EnerSys, KAYO Battery (Shenzhen) Company Limited, Tadiran Batteries Ltd., Arotech Corporation, Saft, and Renata SA.
Highlights from the Report
- Resonetics purchased EaglePicher Technologies Medical Power division, a producer of implantable batteries for medical equipment, on February 11, 2022. This purchase will provide Resonetics access to cutting-edge manufacturing technology and give clients access to cutting-edge clinical applications that need for tiny bioelectronic devices.
- Rechargeable lithium-ion (Li-ion) batteries designed specifically for medical equipment that need to be sterilised in an autoclave at temperatures up to 125°C were released by Tadiran Batteries on June 18, 2019. Drills, surgical saws, staplers, reamers, shavers, and other tools are among the most popular gadgets.
- The market for medical device batteries is divided into three categories based on the kind of battery: lithium batteries, nickel-metal hydride batteries, and zinc-air batteries. Due to increasing lithium battery consumption, the lithium batteries market is predicted to expand at a significant revenue rate throughout the forecast period. Secondary lithium-ion batteries that can be charged while being implanted have also been developed for use in medical devices.
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The report studies the historical data of the Medical Devices Batteries Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
For the purpose of this report, Emergen Research has segmented the global Medical Devices Batteries market based on product type, battery type, end-use, and region:
- Product Type Outlook (Revenue, USD Million; 2019-2030)
- Implantable Batteries
- Pacemakers Batteries
- Implantable Cardioverter Defibrillator Batteries
- Neurostimulators Batteries
- Cochlear Batteries
- Infusion Pumps Batteries
- Others
- 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
- Others
- Battery Type Outlook (Revenue, USD Million; 2019-2030)
- Lithium Batteries
- Nickel-Metal Hydride Batteries
- Zinc-air batteries
- End use Outlook (Revenue, USD Million; 2019-2030)
- Hospitals
- Clinics
- Diagnostic Centers
- Home Care Settings
- Others
- Implantable Batteries
Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Medical Devices Batteries Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report offers a comprehensive understanding of the impact of the COVID-19 pandemic on the overall market growth and expansion. COVID-19 has affected the global economy by interfering with production and demand, causing market disruption, and inducing financial instability.
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