Global Medical Batteries Market By Overview
Miniaturized, feature-rich devices are driving a growing need for reliable and cost-effective power management solutions using medical battery technology. Lithium batteries are commonly utilized in single-use devices as well as in medical applications that require exceptionally long battery life without worrying about battery status.
North America dominates the global medical batteries market and is expected to maintain its dominancy over the forecast period owing to improved healthcare facilities and broad technical applications of medical batteries in the region.
The markets in Asia Pacific and Europe are expected to show significant growth rates in global medical batteries market. This can be attributed to rising demand for medical batteries owing to increasing pool of patients, improvement in the healthcare facilities, and rising government funding, in the region.
Moreover, increasing prevalence of heart disease across the globe is a major factor driving growth of the global medical batteries market. Furthermore, increasing awareness regarding fitness is expected to drive the usage of wearable device batteries are also propelling growth of the target market. However, safety concerns related to lithium batteries is a major factor expected to hamper growth of the global medical batteries market over the forecast period. Lithium rechargeable batteries can the catch fire due to overcharging, overloading, or by over-stressing due mechanical or environmental pressure.
The global medical batteries market has been segmented on the basis of usage, battery type, end user, and region.
The usage segment includes implantable devices batteries and non-implantable devices batteries. On the basis of battery type the global medical batteries market has been segmented as lithium batteries, nickel-metal hydride batteries, zinc-air batteries, and other batteries. The end-user segment includes hospitals and nursing homes, clinics, diagnostic centers, home care settings, and other end user.
On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account major market share as compared to that of other regions.
Key players operating in the global medical batteries market includes 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.
FAQs
The global medical batteries market has been segmented on the basis of usage, battery type, end user, and region.
Increasing prevalence of heart disease across the globe is a major factor driving growth of the global medical batteries market.
North America is expected to account major market share as compared to that of other regions.
Key players operating in the global medical batteries market includes 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.
Lithium rechargeable batteries can the catch fire due to overcharging, overloading, or by over-stressing due mechanical or environmental pressure.