Lucintel Forecasts Medical Battery Market to Reach $2.4 Billion by 2027

According to the recent study the medical battery market is projected to reach an estimated $2.4 billion by 2027 from $1.8 billion in 2021, at a CAGR of 5.1% from 2021 to 2027. Growth in this market is primarily driven by increasing demand for battery powered portable and implantable devices in medical diagnostic and therapeutic practices.

Browse 73 figures / charts and 52 tables in this 202 -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 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).
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“Cardiovascular market is expected to remain the largest segment during the forecast period.”
Based on application, the medical battery market is segmented into patient monitoring, general medical, cardiovascular medical, orthopedic, home healthcare, and other devices. Lucintel forecasts that the cardiovascular market is expected to remain the largest segment due to increasing chronic and cardiovascular diseases in various regions.
“Within the medical battery market, the non-implantable segment is expected to remain the largest product”
Based on product the non-implantable segment is expected to witness the highest growth 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 will dominate the medical battery market in near future”
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.
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Major players of medical battery market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Kholberg Kravish Roberts, Boston Scientific, GE Healthcare, Siemens, Integer Holding, EaglePicher Technology, and Saft Group are among the major medical battery providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/medical-battery-market.aspx or helpdesk@lucintel.com
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