Medical Batteries Market Projected to Reach USD 5,166.40 Million by 2034, Growing at a CAGR of 7.0%

Medical Batteries Market
The medical batteries market size was valued at USD 2,627.64 million in 2024. It is anticipated to grow from USD 2,800.80 million in 2025 to USD 5,166.40 million by 2034, registering a CAGR of 7.0% during 2025-2034.

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Market Overview
Medical device batteries serve an important role in health care as they provide power to the devices that help patients to function normally by monitoring their health or even aiding them in surviving life-threatening disease conditions. They are used in a wide array of medical devices, such as X-ray machines, CT Scans, MRI Machines, pacemakers, and even cardiac defibrillators. Medical device batteries are usually fitted with Lithium Ion batteries due to their high energy density and reliability, as they require less self-charging. Medical devices, in turn, help sustain the lives of patients and can be relied upon.

Growth Drivers

• The increasing focus on high-energy-density batteries is driven by the requirement for long-lasting power sources in medical devices such as implantable cardiac devices and wearable health monitors. The batteries provide extended operational life, which is imperative for devices that require reliable performance over long periods without frequent replacements. Lithium-ion batteries, known for their high energy density, are increasingly used in medical devices.

• Rechargeable batteries minimize waste and provide a sustainable solution compared to single-use batteries. This shift is evident in devices such as hearing aids and glucose monitors, where frequent battery replacement is inconvenient and costly. This shift is supported by advancements in battery technology that improve the efficiency and longevity of rechargeable batteries.

Competitive Landscape

The competitive analysis of the medical batteries market reveals that key players prioritize technological innovation and product expansion. The major market players include:

Duracell Inc.
Energizer Holdings, Inc.
EnerSys
Ensurge Micropower ASA
EVE Energy Co., Ltd.
Integer Holdings Corporation
Murata Manufacturing Co., Ltd.
Panasonic Holdings Corporation
Resonetics
Saft Group
Tadiran Batteries
Toshiba Corporation
Ultralife Corporation
VARTA AG
Xeno Energy Co., Ltd.

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Medical Batteries Market Developments

December 2024 - Ultralife Corporation partnered with Karta to unveil a new medical cart and power solution at HIMSS24. The solution features carts that can operate both plugged into an AC mains system and powered by two hot-swappable batteries (276Wh each), ensuring uninterrupted power to IT systems during battery replacements.

September 2024 - ABB entered into a Memorandum of Understanding (MoU) with EVE Energy to collaborate on sustainable greenfield battery manufacturing. This partnership aims to improve efficiency, safety, and productivity at new global battery production facilities.

June 2024 - EnerSys signed a Memorandum of Understanding with Verkor SAS to explore the development of a lithium battery gigafactory in the United States, a move aimed at increasing production capacity for advanced battery solutions.

April 2024 - Resonetics acquired EaglePicher Technologies, a leading manufacturer of implantable batteries used in critical medical devices, further strengthening its capabilities in medical battery solutions for the healthcare industry.

Segmental Analysis

• The medical batteries market is segmented based on battery, usage, end-user, and region.

• Based on battery type, the market is categorized into lithium-ion batteries, nickel-metal hydride (NiMH) batteries, alkaline batteries, zinc-air batteries, and others. The lithium-ion batteries segment holds the largest market share due to their superior energy density and longer life span.

• By usage, the market is divided into implantable medical devices, non-implantable medical devices, portable, and wearable medical devices. The implantable medical devices segment holds a significant market share, largely due to the critical need for reliable and long-lasting power sources.

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Regional Assessment

North America is the market leader, holding the largest market share. This dominance is driven by the region's advanced healthcare infrastructure, high adoption rates of innovative medical technologies, and significant investments in research and development. The presence of leading medical device manufacturers, coupled with a high prevalence of chronic diseases, fosters a strong demand for reliable and cutting-edge battery solutions. Moreover, North America's well-established regulatory framework and focus on technological advancements further bolster its position in the medical batteries market.

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