Medical batteries find widespread application in medical devices like hearing aids, infusion pumps, pacemakers, and defibrillators among others. They play a crucial role in ensuring proper functioning of these devices which are often used for critical medical procedures. Advancements in battery technology have enabled the development of compact batteries with higher energy density and longer lifespan. Lithium ion batteries are increasingly being used in the medical industry due to their smaller size, lightweight and ability to provide continuous power for extended duration.

The global medical batteries market is estimated to be valued at US$ 3327.46 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Key Takeaways

The global Medical Batteries Market is expected to witness high growth over the forecast period of 2024 to 2031. Increasing demand for disposable medical batteries to power home-based diagnostic and therapeutic devices drives the market. Expanding applications of batteries in portable medical equipment like nebulizers, thermometers, and infusion pumps has boosted the market size. Preference for lightweight, compact and long-lasting batteries to improve device portability benefits adoption. Medical Batteries Market Size is estimated to be valued at US$ 3327.46 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period of 2024-2031.

Regional analysis-
Regional analysis related content: North America dominates the global market due to large patient pool seeking medical care and increasing insurance coverage. Extensive use of portable medical devices in home healthcare setups spurs the demand. Favorable reimbursement policies enable high affordability of advanced medical devices increased market size in the region. The Asia Pacific medical batteries market is expected to grow at the fastest pace during the forecast period. Improving access to healthcare through government programs augments healthcare spending thus boosting the regional market.

Key players-
Key players related content: Key players operating in the Medical Batteries Market are Siemens, Panasonic, Duracell, Ultrawatt, Energizer Holdings, KAYO Battery, and Johnson Controls. Panasonic offers zinc-air batteries which provide stable voltage for medical devices requiring long-life and maintenance-free power. Siemens supplies batteries and chargers for portable medical equipment including infusion pumps, ventilators and defibrillators.

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