Trends, opportunities and forecast in the global medical battery market to 2028 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)
The global medical battery market is projected to reach $2.6 billion by 2028, at a CAGR of 5.2% during 2023-2028. The growth of medical battery market is driven by increasing demand for battery powered portable and implantable devices in medical diagnostic and therapeutic practices. Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, 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 What are the business risks and threats to the medical battery market?
Q.4 What are some changing demands of customers in the medical battery market?
Q.5 What are the new developments in the medical battery market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this medical battery area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this medical battery market?
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing recycling of lithium-ion batteries to reduce waste and introduction of thin film batteries to make lightweight, smaller size wearable devices.
Based on application, the medical battery market is segmented into patient monitoring, general medical, cardiovascular medical, orthopedic, home healthcare, and other devices. The cardiovascular segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing chronic and cardiovascular diseases in various regions.
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.
Key Players in the medical battery market are Kholberg Kravish Roberts, Boston Scientific, GE Healthcare, Siemens, Integer Holding, EaglePicher Technology, and Saft Group.
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