The global market for Batteries in Medical Equipment and Devices was valued at US$3 Billion in 2024 and is projected to reach US$4.5 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Moreover, the aging global population requires more healthcare support, which has further bolstered the demand for battery-powered implantable and wearable monitors that offer reliability and longevity. As the healthcare industry pivots towards wearable and portable devices that provide real-time health monitoring, there's a growing demand for compact and efficient batteries for use in fitness trackers, blood glucose monitors, and other portable diagnostic tools. Miniaturization is another significant trend, as smaller medical devices necessitate compact, high-energy batteries that can integrate seamlessly into these devices. Additionally, increasing healthcare costs have driven up the need for home healthcare devices, which rely heavily on batteries for portability and ease of use. Patients prefer devices that are rechargeable and offer continuous monitoring.
Regulatory standards and safety concerns have also shaped this market. Battery technologies for medical equipment are subject to stringent safety standards, prompting the development of batteries with safer chemistries and built-in safeguards to ensure both safety and efficiency. Concurrently, substantial investments in research and development have driven the exploration of alternative chemistries such as solid-state batteries, which offer superior safety, higher energy densities, and faster charging times. Lithium batteries have become integral to hearing aids, providing users with lightweight, long-lasting power. Compared to older zinc-air batteries, lithium-ion batteries are rechargeable and offer greater longevity, reducing waste and maintenance. This has made hearing aids more reliable and sustainable, enhancing the quality of life for millions worldwide. The high energy density of lithium-ion batteries enables portable devices to function efficiently and reliably, empowering healthcare professionals to diagnose conditions quickly and accurately without bulky equipment. Solid-state batteries have rapidly gained prominence in the medical device industry due to their ability to deliver safe, efficient, and versatile power. In a constantly evolving technological landscape, these batteries are increasingly seen as the future powerhouse for implantable and wearable medical devices.
Global Batteries in Medical Equipment and Device Market - Key Trends and Drivers Summarized
The market for batteries in medical equipment and devices is experiencing notable growth due to a confluence of factors. Technological advancements have played a significant role, with innovations such as lithium-ion and zinc-air batteries offering superior energy density and longer life, aligning with the needs of modern, high-performance medical devices. The rising prevalence of chronic diseases, such as diabetes, cardiovascular conditions, and respiratory disorders, has increased the demand for battery-powered devices such as insulin pumps, pacemakers, and nebulizers.Moreover, the aging global population requires more healthcare support, which has further bolstered the demand for battery-powered implantable and wearable monitors that offer reliability and longevity. As the healthcare industry pivots towards wearable and portable devices that provide real-time health monitoring, there's a growing demand for compact and efficient batteries for use in fitness trackers, blood glucose monitors, and other portable diagnostic tools. Miniaturization is another significant trend, as smaller medical devices necessitate compact, high-energy batteries that can integrate seamlessly into these devices. Additionally, increasing healthcare costs have driven up the need for home healthcare devices, which rely heavily on batteries for portability and ease of use. Patients prefer devices that are rechargeable and offer continuous monitoring.
Regulatory standards and safety concerns have also shaped this market. Battery technologies for medical equipment are subject to stringent safety standards, prompting the development of batteries with safer chemistries and built-in safeguards to ensure both safety and efficiency. Concurrently, substantial investments in research and development have driven the exploration of alternative chemistries such as solid-state batteries, which offer superior safety, higher energy densities, and faster charging times. Lithium batteries have become integral to hearing aids, providing users with lightweight, long-lasting power. Compared to older zinc-air batteries, lithium-ion batteries are rechargeable and offer greater longevity, reducing waste and maintenance. This has made hearing aids more reliable and sustainable, enhancing the quality of life for millions worldwide. The high energy density of lithium-ion batteries enables portable devices to function efficiently and reliably, empowering healthcare professionals to diagnose conditions quickly and accurately without bulky equipment. Solid-state batteries have rapidly gained prominence in the medical device industry due to their ability to deliver safe, efficient, and versatile power. In a constantly evolving technological landscape, these batteries are increasingly seen as the future powerhouse for implantable and wearable medical devices.
Report Scope
The report analyzes the Batteries in Medical Equipment and Devices market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below.Segments
Type (Lithium Batteries, Nickel-Metal Hydride Batteries, Zinc-Air Batteries, Other Batteries).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Lithium Batteries segment, which is expected to reach US$2.3 Billion by 2030 with a CAGR of a 8.2%. The Nickel-Metal Hydride Batteries segment is also set to grow at 3.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $773.7 Million in 2024, and China, forecasted to grow at an impressive 10.7% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Batteries in Medical Equipment and Devices Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Batteries in Medical Equipment and Devices Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Batteries in Medical Equipment and Devices Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Duracell Inc., Energizer Holdings, Inc., EnerSys, Panasonic Corporation of North America, Saft Groupe SA and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 64 companies featured in this Batteries in Medical Equipment and Devices market report include:
- Duracell Inc.
- Energizer Holdings, Inc.
- EnerSys
- Panasonic Corporation of North America
- Saft Groupe SA
- Tadiran Batteries GmbH
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Duracell Inc.
- Energizer Holdings, Inc.
- EnerSys
- Panasonic Corporation of North America
- Saft Groupe SA
- Tadiran Batteries GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 132 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 3 Billion |
| Forecasted Market Value ( USD | $ 4.5 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
