According to the recent study the medical battery market is projected to reach an estimated $3.0 billion by 2030 from $2.0 billion in 2023, at a CAGR of 5.0% from 2024 to 2030. Growth in this market is primarily driven by increasing demand for battery powered portable and implantable devices in medical diagnostic and therapeutic practices.
Browse 115 figures / charts and 106 tables in this 229 -page report to understand trends, opportunities and forecast in 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 others), 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).
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 batteries for frequent self-monitoring and for disease treatment.
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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.
Kholberg Kravish Roberts, Boston Scientific, GE Healthcare, Siemens, Integer Holding, EaglePicher Technology, and Saft Group are the major suppliers in the medical battery providers.
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Lucintel
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Email: [email protected]
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