Introduction:

Batteries in Medical Devices Market was valued at US$ 2.7 billion in 2024 and is projected to grow at a CAGR of 6.7% to reach US$ 4.9 billion by 2034.

Batteries for medical devices are essential for powering portable medical equipment used in hospital environments. These batteries are made to give medical equipment including such as hearing aids, implantable cardiac defibrillators, infusion pumps, neurostimulators and pacemakers, and implanted devices dependable, long-lasting power. They provide significant contributions to patient diagnosis, treatment, and monitoring by guaranteeing the safe and dependable operation of these equipment. Various battery kinds meet different needs according to factors including size, energy density, longevity, and safety features.

The rising need for sustainable power sources in the healthcare industry is driving a significant upswing in the batteries in medical devices market. The need of reliable and long-lasting batteries is growing as medical devices continue to progress in complexity and prevalence. Medical batteries are essential parts that power a wide variety of medical equipment, including portable diagnostic tools and implantable devices.

At present, a significant share of the healthcare sector is made up of the Batteries in medical devices market. The market is expected to foster growth at a fairly rapid pace over years to come due to factors like the rising prevalence of chronic illnesses and technological breakthroughs in this field.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Batteries in Medical Devices Market Key Drivers:

• Increasing prevalence of chronic disorders

One major factor driving the batteries in medical devices market's expansion is the rising incidence of chronic illnesses. The need for advanced medical equipment, many of which are dependent on stable and effective power sources, is growing as chronic illnesses become more commonplace worldwide. Chronic illnesses, such as diabetes, neurological problems, and cardiovascular ailments, frequently need for ongoing care and monitoring. As a result, the use of medical batteries—which are necessary for the operation of equipment like insulin pumps, neurostimulators, and implanted cardiac devices—has skyrocketed.

For example, in June 2021, according to the World Health Organization (WHO) the released statistics shows that 38% of the 17 million premature deaths (those under 70) are worldwide in 2019 because from non-communicable illnesses were attributable to cardiovascular disorders. According to projections, approximately 17.9 million deaths worldwide in 2019 were attributed to cardiovascular diseases (CVDs), or 32% of all fatalities. Heart attacks and strokes were the cause of 85% of these fatalities.

The need for medical devices used to treat chronic illnesses like diabetes and cardiovascular disease is growing as these conditions become more common and due to which the batteries in Medical Devices market is experiencing noticeable growth.

• Growing demand for implantable and wearable medical devices

Implantable medical devices including pacemakers, neuro-stimulators, and medication delivery systems are expected to become more and more necessary. These devices require sturdy, long-lasting batteries to run continually and safely. The Batteries in Medical Devices market is expected to grow due to advancements in battery technology, which have led to greater capacities and longer lifespans. The market for portable and wearable medical devices is expanding rapidly. Wearable sensors, personal health trackers, and glucose monitors are among the devices that rely on tiny, robust batteries. The increasing use of telehealth and remote patient monitoring systems is driving demand for wearable and portable medical devices and creating new opportunities for the Batteries in Medical Devices market.

• Technological advancements

The need for remote healthcare solutions and advancements in technology have prompted a shift towards remote patient monitoring, which has tremendous development potential. Reliable battery power is necessary for remote patient monitoring devices such as telehealth and wireless vital sign monitors to enable continuous monitoring and data transfer. As more patients and healthcare professionals use remote monitoring, there will likely be an increase in demand for the medical batteries needed to power these devices.

Batteries in Medical Devices Market Restrains:

Lithium battery safety issues are one of the main things impeding the growth of the worldwide medical battery industry. Overcharging, overloading, or overstressing from mechanical or environmental forces can cause lithium lithium-ion batteries to overheat and possibly catch fire. The usage of lithium-ion batteries in portable medical carts has prompted a warning from the U.S. Food and Drug Administration (FDA) about possible fire dangers.

For example, data from Pubmed indicated that in May 2022, there were reports of fires at Northern Beaches Hospital in Frenchs Forest, Australia, in February and April of the same year. Thermal runaway caused the lithium-ion batteries to burn in both instances because they were hot and on charge.

Batteries in Medical Devices Market Opportunities:

• The batteries for medical devices market is anticipated to expand significantly over the course of the next few years. The need for technologically improved medical equipment is being driven by the increased incidence of chronic illnesses and an aging population.
• The demand for the batteries used in these gadgets is therefore rising as a result. The increasing use of wireless and portable medical equipment is also driving Batteries in Medical devices market expansion.
• Furthermore, the market is anticipated to grow due to developments in battery technology, such as the making of rechargeable batteries with longer battery lives. In general, it is projected that the market for batteries for medical devices will increase in the near future.

Recent Development:

• In February, 2022, The Medical Power division of EaglePicher Technologies, which produces implantable batteries for medical devices, was purchased by Resonetics. Through this purchase, Resonetics will be able to produce cutting-edge products, and clients will have access to cutting-edge clinical applications that call for miniature bioelectronics devices.
• In April 2022, According to a National Center for Biotechnology Information article, Panasonic showcased its broad range of batteries, which could be utilized in numerous sectors of the healthcare and medical industry, at MEDICA, the largest medical trade show in the world that took place in Düsseldorf, Germany. Apart from the present lineup, Panasonic also showcased many prototypes, including the flexible polymer battery and the pin-type lithium-ion battery.
• In June, 2019, Tadiran Batteries unveiled the TLI-1550HT rechargeable Lithium-ion (Li-ion) batteries. These batteries were designed for medical equipment that needed to be autoclaved at temperatures of up to 125 degrees celsius for sterilization. Drills, surgical saws, staplers, reamers, shavers, and other tools are among the most often used equipment.
• In November 2022, Boston Scientific Corporation and Apollo Endosurgery, Inc. finalized their acquisition deal. The devices that are utilized in Endoluminal Surgery (ELS) operations are included in the Apollo Endosurgery product portfolio.
• In November 2022, Siemens Healthineers AG and Atrium Health inked a multi-year value agreement regarding partnership. The strategic collaboration will be centered on increasing access to care, promoting economic mobility, and improving health equality in the southern United States, which falls under Atrium Health's service region.

Batteries in Medical Devices Market is segmented based on Type, Application, and region.

Type Insight:

• Lithium ion (Li-ion) battery:

Lithium batteries are commonly used due to their high energy density, extended life span, and rechargeable nature. Its supremacy is supported by an increasing need for compact and portable medical gadgets.

• Nickel cadmium (Ni-Cd) battery:

Nickel cadmium batteries offer strong performance in severe temperatures together with high discharge rates used in situations where high power bursts are necessary, however the cadmium presence raises environmental problems.

• Nickel metal hydride (Nimh) battery:

NiMH batteries offer larger capacity and better memory effect in an environmentally safe manner. They are a sustainable replacement for Ni-Cd batteries. They are being utilized more and more in portable and implantable equipment.

• Alkaline-manganese battery:

Alkaline-manganese batteries are an economical choice for low-energy products and disposable gadgets like glucose meters and hearing aids. these type of batteries are facing escalating rivalry from rechargeable substitutes.

In this segment type, Lithium ion (Li-ion) battery segment dominates the Batteries in Medical devices market due to their high energy capacity, safety and reliability.  

Application Insights:

• Hospital:

Hospitals are a huge application category as a result of the widespread usage of several medical devices, such heart rate monitoring equipment, infusion pumps, and defibrillators. When it comes to critical care conditions, hospital batteries must be trustworthy and error-free. Quality standards and strict controls are continuously monitored.

• Lab:

Batteries in medical devices are required in labs in instruments such as Portable analysers, research tools, and diagnostic equipment. For ideal functioning, batteries in laboratory equipment must be compatible with a variety of devices and charging systems.

• Clinic:

The increasing use of portable and point-of-care testing equipment in clinics is driving up demand for high-performance, compact batteries. The expansion of telemedicine services in clinics depends heavily on batteries for communication and remote monitoring equipment.

• Home:

For home usage, batteries must to be simple to handle and replace, come with unambiguous safety guidelines, and require little upkeep while maintaining safety and quality standards. Rechargeable battery choices are frequently preferred for home healthcare equipment in order to reduce waste and guarantee patient ease.

Among all the segment the segment that dominates the Batteries in Medical devices sector is hospitals. This is due to a wide variety of medical gadgets, including monitoring systems, diagnostic instruments, and life-saving devices like defibrillators, are utilized in hospitals.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Batteries in Medical Devices Market Regional Insights:

• North America market is estimated to witness a significantly high revenue share over the forecast period, owing to existence of well-developed, favorable reimbursement policies, an advanced medical healthcare infrastructure, quick technological adoption, and important players in the area. This is further enhanced by the rising number of patients receiving diagnosis and treatment in the area as a result of an increase in the incidence and prevalence of chronic conditions.
• Asia Pacific market is estimated to witness fastest revenue share due to factors like the rising incidence of diseases like diabetes, infectious diseases, and cardiovascular disorders, as well as the growing emphasis of players in the market to increase their direct presence in developing nations.  
• Europe market is expected to grow at a substantial rate due to rising healthcare costs, a developed infrastructure, and a rise in the use of cutting-edge medical diagnostic and therapeutic technologies. The introduction of portable medical equipment by major domestic and international companies in the area, together with a strong focus on a shift in medical treatment to home care settings, is expected to propel market expansion over the projected period.
• Latin America market is still rising with emerging opportunities in healthcare sector and the growing needs of portable and implantable medical devices driving the batteries in medical devices market to further rise.
• Middle East & Africa market is similar to the Latin American market with high potential for growth and flourishment of Batteries in medical devices and rising awareness and need of medical devices in the healthcare sector.

Report Scope:

Attribute	Details
Market Size 2024	US$ 2.7 billion
Projected Market Size 2034	US$ 4.9 billion
CAGR Growth Rate	6.7%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Type - Lithium ion (Li-ion) battery, Nickel cadmium (Ni-Cd) battery, Nickel metal hydride (Nimh) battery, and Alkaline-manganese battery. By Application - Hospital, Lab, Clinic and Home
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Batteries in Medical Devices Market report based on Type, Application and region:

Batteries in Medical Devices market, By type:

• Lithium ion (Li-ion) battery
• Nickel cadmium (Ni-Cd) battery
• Nickel metal hydride (Nimh) battery
• Alkaline-manganese battery

Batteries in Medical Devices market, By Application:

• Hospital
• Lab
• Clinic
• Home

Batteries in Medical Devices Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Batteries in Medical Devices Market includes, Toshiba, Siemens Ag, GE Healthcare, Maxim Integrated, Panasonic, Texas Instruments, Quallion, Stmicroelectronics, Ultralife, and Electrochem Solutions.

• Toshiba*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Siemens Ag
• GE Healthcare
• Maxim Integrated
• Panasonic
• Texas Instruments
• Quallion
• Stmicroelectronics
• Ultralife
• Electrochem Solutions

 “*” marked represents similar segmentation in other categories in the respective section

Research Objective and Assumption

• Preface
• Research Objectives
• Study Scope
• Years Considered for the study
• Assumptions
• Abbreviations

Research Methodology

• Research data
• Primary Data
  • Primary Interviews
  • Primary Breakdown
  • Key data from Primary Sources
  • Key Thickness Insights
• Secondary Data
  • Major Secondary Sources
  • Secondary Sources
• Market Estimation
• Top-Down Approach
  • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
• Bottom-Up Approach
  • Approach for estimating market share by Bottom-up Analysis (Demand Side)
• Market Breakdown and Data Triangulation
• Research Assumptions

Market Preview

• Executive Summary
• Key Findings—Global Outlook for medical carts Strategies
  • Key Questions this Study will Answer
  • Market Snippet, By Type
  • Market Snippet, By Application
  • Market Snippet, By Region
• Opportunity Map Analysis
• Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restrains
  • Market Opportunities
  • Market Trends
• DR Impact Analysis
• PEST Analysis
• Porter’s Five Forces Analysis
• Opportunity Orbit
• Market Investment Feasibility Index
• Macroeconomic Factor Analysis

Batteries in Medical Devices Market, By Type, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Lithium ion (Li-ion) battery
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Nickel cadmium (Ni-Cd) battery
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Nickel metal hydride (Nimh) battery
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Alkaline-manganese battery
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Batteries in Medical Devices Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Hospital
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Lab
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Clinic
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Home
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Batteries in Medical Devices Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
• Europe
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Latin America
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• GCC
• Israel
• South Africa
• Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

• Toshiba
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Siemens Ag
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• GE Healthcare
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Maxim Integrated
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Panasonic
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Texas Instruments
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Quallion
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Stmicroelectronics
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Ultralife
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Electrochem Solutions
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

The Last Word

• Future Impact
• About Us
• Contact