Medical Batteries: A Leading Driver Behind Rising Medical Device Demand Boosts Medical Battery Market Growth Market Expansion in 2025

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What Will the Medical Batteries Industry Market Size Be by 2025?
In recent times, there has been a substantial increase in the market size of medical batteries. The market, which is projected to surge from $1.75 billion in 2024 to $1.87 billion in 2025, will see a compound annual growth rate (CAGR) of 6.9%. The surge in its historical phase can be linked to several factors including an increased requirement for portable medical equipment, a rise in chronic disease cases, expansion of healthcare infrastructure, and a growing need for durable batteries, coupled with an increasing aging population.

What's the Long-Term Growth Forecast for the Medical Batteries Market Size Through 2029?
In the upcoming years, the medical batteries market is projected to experience significant growth, reaching a market size of $2.4 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%. The anticipated growth during the forecast period can be associated with the increasing adoption of telemedicine, a growing focus on home healthcare, an increase in regulatory approvals for advanced medical devices, escalating R&D investments in solid-state batteries, and their increased application in electric wheelchairs. The forecast period will also see trends such as the development of rechargeable lithium-ion batteries featuring improved safety measures, innovations in smart batteries equipped with built-in diagnostics and monitoring, advancements in battery management systems technology (BMS), cutting-edge wireless medical devices, and the incorporation of wireless charging technology.

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What Are the Key Growth Drivers Fueling the Medical Batteries Market Expansion?
The upward trend in the need for medical devices is projected to fuel the expansion of the medical batteries market. Medical devices, be they tools, apparatus or machines, play a significant role in healthcare, facilitating the diagnosis, treatment and continuous monitoring of various health conditions. Factors such as an aging demographic, increase in chronic illnesses, and enhancements in healthcare technology are all contributing to a global surge in healthcare requirements, thus driving the demand for medical devices. These devices are largely dependent on medical batteries to ensure that they function efficiently and with reliability, particularly in the case of patient monitoring systems, diagnostic instruments and critical, life-saving equipment. In support of this, Abbott Laboratories, a healthcare and medical devices company based in the US, reported that there was a rise in total sales of medical devices from $14.485 billion in 2021 to $14.802 billion the following year. This figure further escalated to $16.887 billion in 2023. As such, the escalating demand for medical devices testifies to the burgeoning growth of the medical batteries market.

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What Are the Key Trends Driving Medical Batteries Market Growth?
Key players in the medical batteries market are shifting their focus to the production of lithium-ion medical batteries in a bid to improve the performance, safety, and dependability of medical devices. Such batteries are exclusively created for medical appliances and machinery and are primarily found in devices like portable oxygen concentrators, insulin pumps, and other diagnostic or therapeutic devices that require reliability and a stable power source. For example, in January 2022, Resonetics, LLC, a medical technology firm based in the United States, debuted the Contego 1.5 mAh lithium-ion battery. This battery, recognized as the smallest standard rechargeable of its kind in the medical sector, is specially designed for implantable devices. The sub-miniature cylindrical cell dimensions are only 0.299 inches long and 0.114 inches in diameter, thus making it the most compact available rechargeable lithium-ion battery.

How Is the Medical Batteries Market Segmented?
The medical batteriesmarket covered in this report is segmented -

1) By Battery Type: Lithium-ion Batteries, Nickel-Metal Hydride (NiMH) Batteries, Alkaline Batteries, Zinc-Air Batteries, Other Battery Type
2) By Application: Implantable Medical Devices, Non-implantable Medical Devices, Portable And Wearable Medical Devices
3) By End-User: Hospitals And Clinics, Home Healthcare Settings, Ambulatory Surgical Centers, Research Institutes

Subsegments:
1) By Lithium-ion Batteries: Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminum Oxide (NCA)
2) By Nickel-Metal Hydride (NiMH) Batteries: Standard NiMH Batteries, Low Self-Discharge NiMH Batteries
3) By Alkaline Batteries: Standard Alkaline Batteries, Rechargeable Alkaline Batteries
4) By Zinc-Air Batteries: Hearing Aid Zinc-Air Batteries, Medical Device Zinc-Air Batteries
5) By Other Battery Types: Lead-Acid Batteries, Silver-Oxide Batteries, Lithium Polymer (LiPo) Batteries

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Which Companies Are Leading the Charge in Medical Batteries Market Innovation?
Major companies operating in the medical batteries market are TotalEnergies SE, Panasonic Corporation, 3M Company, Merck KGaA, Texas Instruments Incorporated, STMicroelectronics NV, Murata Manufacturing Co. Ltd., EnerSys Inc., Energizer Holdings Inc., Renata AG SA, VARTA Microbattery GmbH, Vitec Group PLC, EaglePicher Technologies LLC, Ultralife Corporation, Probo Medical LLC, Camelion Battery Co. Ltd., Maxim Integrated Products Inc., Tadiran Batteries Ltd., Blue Spark Technologies Inc., KAYO Battery Company Limited

Which Regions Are Leading the Global Medical Batteries Market in Revenue?
North America was the largest region in the medical batteries market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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