Medical Batteries Market to Reflect Significant Incremental Opportunity During 2018-2025| Ultralife Corporation, EaglePicher Technologies LLC, EnerSys, Liberating Technologies, Panasonic Corporation, Tadiran Batteries

Batteries are becoming increasingly significant in improving the overall safety, performance, and reliability of many medical devices. Increasing demand for battery powered instruments and devices is expected to lead to increasing demand for medical batteries, due to advancement in surgical procedure to provide more precision. Medical batteries are classified into implantable devices batteries and non-implantable batteries. The use of medical batteries is increasing significantly especially in implantable medical devices such as pacemakers, cardioveter defibrillator, neurostimulators batteries, and cochlear batteries; and non-implantable devices such as diagnostic imaging device, patient monitoring device, critical care support, and in vitro diagnostics instrument. This is expected to aid in growth of the market.

Furthermore, recent advancement with zinc-air batteries, which are available in button sizes as direct replacements of other button-type batteries. Moreover, the use of coin-sized zinc-air batteries in portable electronic devices and personal medical equipment such as cardiac monitors and transmitters is expected to be another factor for growth of the medical batteries market.

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Market Dynamics
Increasing prevalence of heart disease is also expected to favor growth of the medical batteries market, as it leads to increasing demand for pacemakers and cardioverter defibrillator that are powered by the batteries. According to World Health Organization (WHO), CVDs are the major cause of death globally, and more people die annually from CVDs. In 2015, it was estimated that 17.7 million people died from CVDs, representing 31% of all the deaths, globally. Of these, an estimated 7.4 million were due to coronary heart disease and 6.7 million were due to stroke. Therefore, demand for cardiac implantable devices such as pacemaker, defibrillators, which are powered by medical batteries is increasing, in turn fueling growth of the market.

Furthermore, increasing awareness regarding fitness is expected to drive the usage of batteries in wearable devices, which also supports growth of the medical batteries market.

Key features of the study:
This report provides an in-depth analysis of global medical batteries market provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2016 as the base year.
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
It profiles leading players in the global medical batteries market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.

Some major players operating in the medical batteries market are Ultralife Corporation, EaglePicher Technologies LLC, EnerSys, Liberating Technologies, Inc., Panasonic Corporation, Tadiran Batteries Ltd., Saft Groupe S.A., Arotech Corporation, SHENZHEN KAYO BATTERY Co., Ltd, and Vitec Group plc.

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