The Global Medical Batteries Market size is expected to reach $1.8 billion by 2030, rising at a market growth of 5.1% CAGR during the forecast period.
The trend toward home healthcare is fueled by the increasing availability and adoption of medical devices designed for use in home settings. Consequently, the home healthcare settings segment would generate approximately 16.87% Share of the market by 2030. These devices include portable oxygen concentrators, continuous glucose monitors, home-use ventilators, infusion pumps, and wearable health monitoring devices. Thus, the segment will witness increased demand in the coming years.
Chronic diseases, such as diabetes, cardiovascular diseases, and respiratory disorders, are on the rise globally. Many of these conditions require continuous monitoring and management, which is facilitated by medical devices. For instance, glucose monitors for diabetes management, cardiac monitors for heart conditions, and nebulizers for respiratory conditions often rely on battery power for portability and continuous operation. The world's population is aging, and elderly individuals often require ongoing healthcare and monitoring. Thus, these aspects will boost the demand in the market. Moreover, Ongoing advancements in medical device technology involve integrating cutting-edge features, increased automation, connectivity, and miniaturization. These improvements aim to enhance the performance, precision, and efficiency of medical devices. Therefore, the market will expand rapidly in the upcoming years.
However, Hospitals operate within budget constraints, with constant pressure to manage costs efficiently. Allocating a significant portion of the budget to expensive medical devices may limit resources for other critical aspects of healthcare services. Healthcare providers often rely on reimbursements from government programs, private insurance, or other sources. The decision to invest in expensive medical devices often involves multiple layers of approval, including financial committees and stakeholders, adding complexity to the procurement process. Hence, these factors will hamper the expansion of the market.
By End-user Analysis
Based on end-user, the market is divided into hospitals, home healthcare settings, ambulatory surgical centers, and research institutes. The hospitals segment recorded the maximum revenue share in the market in 2022. Hospitals are major users of various medical devices that require reliable power sources. Adopting advanced medical technologies, including diagnostic equipment, patient monitoring devices, and life-support systems, contributes to the demand for efficient and high-performance medical batteries. As a result, there will be increased demand in the segment.
By Application Analysis
On the basis of application, the market is divided into implantable medical devices, non-implantable medical devices, and portable & wearable medical devices. The implantable medical devices segment recorded the maximum revenue share in the market in 2022. The prevalence of chronic diseases, such as cardiovascular disorders, neurological conditions, and chronic pain, has been on the rise globally. Implantable medical devices are increasingly used for the management and treatment of these chronic conditions, leading to a higher demand for medical batteries to power these devices. Thus, these factors will assist in the growth of the segment.
By Battery Type Analysis
Based on battery type, the market is segmented into lithium-ion batteries, nickel-metal hydride (NiMH) batteries, alkaline batteries, zinc-air batteries, and others. The lithium-ion batteries segment held the largest revenue share in the market in 2022. Lithium-ion batteries offer one of the highest energy densities among available battery technologies. This means they can store a significant amount of energy in a compact and lightweight form, making them ideal for medical devices where space and weight considerations are critical. Hence, these factors will boost the demand in the segment.
By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired a considerable revenue share in the market. With its well-established healthcare infrastructure and a commitment to quality healthcare, Europe tends to allocate a significant portion of its budget to the healthcare sector. The growth of medical batteries is often linked to overall healthcare expenditure, as batteries are essential components for various medical devices. Hence, these aspects will help in the expansion of the segment.
List of Key Companies Profiled
- Tadiran Batteries Ltd. (Saft Groupe SAS)
- KAYO Battery (Shenzhen) Company Limited
- Maxwell Technologies (UCAP Powers, INC.)
- Renata SA (The Swatch Group Ltd)
- Duracell U.S Operations Inc. (Berkshire Hathaway Inc.)
- Ultralife Corporation.
- EaglePicher Technologies
- Panasonic Holdings Corporation
- EnerSys
- GE HealthCare Technologies, Inc.
Global Medical Batteries Market Report Segmentation
By End-user
- Hospitals
- Ambulatory Surgical Centers
- Home Healthcare Settings
- Research Institutes
By Application
- Implantable Medical Devices
- Portable & Wearable Medical Devices
- Non-implantable Medical Devices
By Battery Type
- Lithum-ion Batteries
- Nickel-Metal Hydride (NiMH) Batteries
- Alkaline Batteries
- Zinc-Air Batteries
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Medical Batteries Market, by End-user
- 1.4.2 Global Medical Batteries Market, by Application
- 1.4.3 Global Medical Batteries Market, by Battery Type
- 1.4.4 Global Medical Batteries Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter's Five Forces Analysis
Chapter 4. Global Medical Batteries Market by End-user
- 4.1 Global Hospitals Market by Region
- 4.2 Global Ambulatory Surgical Centers Market by Region
- 4.3 Global Home Healthcare Settings Market by Region
- 4.4 Global Research Institutes Market by Region
Chapter 5. Global Medical Batteries Market by Application
- 5.1 Global Implantable Medical Devices Market by Region
- 5.2 Global Portable & Wearable Medical Devices Market by Region
- 5.3 Global Non-implantable Medical Devices Market by Region
Chapter 6. Global Medical Batteries Market by Battery Type
- 6.1 Global Lithum-ion Batteries Market by Region
- 6.2 Global Nickel-Metal Hydride (NiMH) Batteries Market by Region
- 6.3 Global Alkaline Batteries Market by Region
- 6.4 Global Zinc-Air Batteries Market by Region
- 6.5 Global Others Market by Region
Chapter 7. Global Medical Batteries Market by Region
- 7.1 North America Medical Batteries Market
- 7.1.1 North America Medical Batteries Market by End-user
- 7.1.1.1 North America Hospitals Market by Country
- 7.1.1.2 North America Ambulatory Surgical Centers Market by Country
- 7.1.1.3 North America Home Healthcare Settings Market by Country
- 7.1.1.4 North America Research Institutes Market by Country
- 7.1.2 North America Medical Batteries Market by Application
- 7.1.2.1 North America Implantable Medical Devices Market by Country
- 7.1.2.2 North America Portable & Wearable Medical Devices Market by Country
- 7.1.2.3 North America Non-implantable Medical Devices Market by Country
- 7.1.3 North America Medical Batteries Market by Battery Type
- 7.1.3.1 North America Lithum-ion Batteries Market by Country
- 7.1.3.2 North America Nickel-Metal Hydride (NiMH) Batteries Market by Country
- 7.1.3.3 North America Alkaline Batteries Market by Country
- 7.1.3.4 North America Zinc-Air Batteries Market by Country
- 7.1.3.5 North America Others Market by Country
- 7.1.4 North America Medical Batteries Market by Country
- 7.1.4.1 US Medical Batteries Market
- 7.1.4.1.1 US Medical Batteries Market by End-user
- 7.1.4.1.2 US Medical Batteries Market by Application
- 7.1.4.1.3 US Medical Batteries Market by Battery Type
- 7.1.4.2 Canada Medical Batteries Market
- 7.1.4.2.1 Canada Medical Batteries Market by End-user
- 7.1.4.2.2 Canada Medical Batteries Market by Application
- 7.1.4.2.3 Canada Medical Batteries Market by Battery Type
- 7.1.4.3 Mexico Medical Batteries Market
- 7.1.4.3.1 Mexico Medical Batteries Market by End-user
- 7.1.4.3.2 Mexico Medical Batteries Market by Application
- 7.1.4.3.3 Mexico Medical Batteries Market by Battery Type
- 7.1.4.4 Rest of North America Medical Batteries Market
- 7.1.4.4.1 Rest of North America Medical Batteries Market by End-user
- 7.1.4.4.2 Rest of North America Medical Batteries Market by Application
- 7.1.4.4.3 Rest of North America Medical Batteries Market by Battery Type
- 7.2 Europe Medical Batteries Market
- 7.2.1 Europe Medical Batteries Market by End-user
- 7.2.1.1 Europe Hospitals Market by Country
- 7.2.1.2 Europe Ambulatory Surgical Centers Market by Country
- 7.2.1.3 Europe Home Healthcare Settings Market by Country
- 7.2.1.4 Europe Research Institutes Market by Country
- 7.2.2 Europe Medical Batteries Market by Application
- 7.2.2.1 Europe Implantable Medical Devices Market by Country
- 7.2.2.2 Europe Portable & Wearable Medical Devices Market by Country
- 7.2.2.3 Europe Non-implantable Medical Devices Market by Country
- 7.2.3 Europe Medical Batteries Market by Battery Type
- 7.2.3.1 Europe Lithum-ion Batteries Market by Country
- 7.2.3.2 Europe Nickel-Metal Hydride (NiMH) Batteries Market by Country
- 7.2.3.3 Europe Alkaline Batteries Market by Country
- 7.2.3.4 Europe Zinc-Air Batteries Market by Country
- 7.2.3.5 Europe Others Market by Country
- 7.2.4 Europe Medical Batteries Market by Country
- 7.2.4.1 Germany Medical Batteries Market
- 7.2.4.1.1 Germany Medical Batteries Market by End-user
- 7.2.4.1.2 Germany Medical Batteries Market by Application
- 7.2.4.1.3 Germany Medical Batteries Market by Battery Type
- 7.2.4.2 UK Medical Batteries Market
- 7.2.4.2.1 UK Medical Batteries Market by End-user
- 7.2.4.2.2 UK Medical Batteries Market by Application
- 7.2.4.2.3 UK Medical Batteries Market by Battery Type
- 7.2.4.3 France Medical Batteries Market
- 7.2.4.3.1 France Medical Batteries Market by End-user
- 7.2.4.3.2 France Medical Batteries Market by Application
- 7.2.4.3.3 France Medical Batteries Market by Battery Type
- 7.2.4.4 Russia Medical Batteries Market
- 7.2.4.4.1 Russia Medical Batteries Market by End-user
- 7.2.4.4.2 Russia Medical Batteries Market by Application
- 7.2.4.4.3 Russia Medical Batteries Market by Battery Type
- 7.2.4.5 Spain Medical Batteries Market
- 7.2.4.5.1 Spain Medical Batteries Market by End-user
- 7.2.4.5.2 Spain Medical Batteries Market by Application
- 7.2.4.5.3 Spain Medical Batteries Market by Battery Type
- 7.2.4.6 Italy Medical Batteries Market
- 7.2.4.6.1 Italy Medical Batteries Market by End-user
- 7.2.4.6.2 Italy Medical Batteries Market by Application
- 7.2.4.6.3 Italy Medical Batteries Market by Battery Type
- 7.2.4.7 Rest of Europe Medical Batteries Market
- 7.2.4.7.1 Rest of Europe Medical Batteries Market by End-user
- 7.2.4.7.2 Rest of Europe Medical Batteries Market by Application
- 7.2.4.7.3 Rest of Europe Medical Batteries Market by Battery Type
- 7.3 Asia Pacific Medical Batteries Market
- 7.3.1 Asia Pacific Medical Batteries Market by End-user
- 7.3.1.1 Asia Pacific Hospitals Market by Country
- 7.3.1.2 Asia Pacific Ambulatory Surgical Centers Market by Country
- 7.3.1.3 Asia Pacific Home Healthcare Settings Market by Country
- 7.3.1.4 Asia Pacific Research Institutes Market by Country
- 7.3.2 Asia Pacific Medical Batteries Market by Application
- 7.3.2.1 Asia Pacific Implantable Medical Devices Market by Country
- 7.3.2.2 Asia Pacific Portable & Wearable Medical Devices Market by Country
- 7.3.2.3 Asia Pacific Non-implantable Medical Devices Market by Country
- 7.3.3 Asia Pacific Medical Batteries Market by Battery Type
- 7.3.3.1 Asia Pacific Lithum-ion Batteries Market by Country
- 7.3.3.2 Asia Pacific Nickel-Metal Hydride (NiMH) Batteries Market by Country
- 7.3.3.3 Asia Pacific Alkaline Batteries Market by Country
- 7.3.3.4 Asia Pacific Zinc-Air Batteries Market by Country
- 7.3.3.5 Asia Pacific Others Market by Country
- 7.3.4 Asia Pacific Medical Batteries Market by Country
- 7.3.4.1 China Medical Batteries Market
- 7.3.4.1.1 China Medical Batteries Market by End-user
- 7.3.4.1.2 China Medical Batteries Market by Application
- 7.3.4.1.3 China Medical Batteries Market by Battery Type
- 7.3.4.2 Japan Medical Batteries Market
- 7.3.4.2.1 Japan Medical Batteries Market by End-user
- 7.3.4.2.2 Japan Medical Batteries Market by Application
- 7.3.4.2.3 Japan Medical Batteries Market by Battery Type
- 7.3.4.3 India Medical Batteries Market
- 7.3.4.3.1 India Medical Batteries Market by End-user
- 7.3.4.3.2 India Medical Batteries Market by Application
- 7.3.4.3.3 India Medical Batteries Market by Battery Type
- 7.3.4.4 South Korea Medical Batteries Market
- 7.3.4.4.1 South Korea Medical Batteries Market by End-user
- 7.3.4.4.2 South Korea Medical Batteries Market by Application
- 7.3.4.4.3 South Korea Medical Batteries Market by Battery Type
- 7.3.4.5 Singapore Medical Batteries Market
- 7.3.4.5.1 Singapore Medical Batteries Market by End-user
- 7.3.4.5.2 Singapore Medical Batteries Market by Application
- 7.3.4.5.3 Singapore Medical Batteries Market by Battery Type
- 7.3.4.6 Malaysia Medical Batteries Market
- 7.3.4.6.1 Malaysia Medical Batteries Market by End-user
- 7.3.4.6.2 Malaysia Medical Batteries Market by Application
- 7.3.4.6.3 Malaysia Medical Batteries Market by Battery Type
- 7.3.4.7 Rest of Asia Pacific Medical Batteries Market
- 7.3.4.7.1 Rest of Asia Pacific Medical Batteries Market by End-user
- 7.3.4.7.2 Rest of Asia Pacific Medical Batteries Market by Application
- 7.3.4.7.3 Rest of Asia Pacific Medical Batteries Market by Battery Type
- 7.4 LAMEA Medical Batteries Market
- 7.4.1 LAMEA Medical Batteries Market by End-user
- 7.4.1.1 LAMEA Hospitals Market by Country
- 7.4.1.2 LAMEA Ambulatory Surgical Centers Market by Country
- 7.4.1.3 LAMEA Home Healthcare Settings Market by Country
- 7.4.1.4 LAMEA Research Institutes Market by Country
- 7.4.2 LAMEA Medical Batteries Market by Application
- 7.4.2.1 LAMEA Implantable Medical Devices Market by Country
- 7.4.2.2 LAMEA Portable & Wearable Medical Devices Market by Country
- 7.4.2.3 LAMEA Non-implantable Medical Devices Market by Country
- 7.4.3 LAMEA Medical Batteries Market by Battery Type
- 7.4.3.1 LAMEA Lithum-ion Batteries Market by Country
- 7.4.3.2 LAMEA Nickel-Metal Hydride (NiMH) Batteries Market by Country
- 7.4.3.3 LAMEA Alkaline Batteries Market by Country
- 7.4.3.4 LAMEA Zinc-Air Batteries Market by Country
- 7.4.3.5 LAMEA Others Market by Country
- 7.4.4 LAMEA Medical Batteries Market by Country
- 7.4.4.1 Brazil Medical Batteries Market
- 7.4.4.1.1 Brazil Medical Batteries Market by End-user
- 7.4.4.1.2 Brazil Medical Batteries Market by Application
- 7.4.4.1.3 Brazil Medical Batteries Market by Battery Type
- 7.4.4.2 Argentina Medical Batteries Market
- 7.4.4.2.1 Argentina Medical Batteries Market by End-user
- 7.4.4.2.2 Argentina Medical Batteries Market by Application
- 7.4.4.2.3 Argentina Medical Batteries Market by Battery Type
- 7.4.4.3 UAE Medical Batteries Market
- 7.4.4.3.1 UAE Medical Batteries Market by End-user
- 7.4.4.3.2 UAE Medical Batteries Market by Application
- 7.4.4.3.3 UAE Medical Batteries Market by Battery Type
- 7.4.4.4 Saudi Arabia Medical Batteries Market
- 7.4.4.4.1 Saudi Arabia Medical Batteries Market by End-user
- 7.4.4.4.2 Saudi Arabia Medical Batteries Market by Application
- 7.4.4.4.3 Saudi Arabia Medical Batteries Market by Battery Type
- 7.4.4.5 South Africa Medical Batteries Market
- 7.4.4.5.1 South Africa Medical Batteries Market by End-user
- 7.4.4.5.2 South Africa Medical Batteries Market by Application
- 7.4.4.5.3 South Africa Medical Batteries Market by Battery Type
- 7.4.4.6 Nigeria Medical Batteries Market
- 7.4.4.6.1 Nigeria Medical Batteries Market by End-user
- 7.4.4.6.2 Nigeria Medical Batteries Market by Application
- 7.4.4.6.3 Nigeria Medical Batteries Market by Battery Type
- 7.4.4.7 Rest of LAMEA Medical Batteries Market
- 7.4.4.7.1 Rest of LAMEA Medical Batteries Market by End-user
- 7.4.4.7.2 Rest of LAMEA Medical Batteries Market by Application
- 7.4.4.7.3 Rest of LAMEA Medical Batteries Market by Battery Type
Chapter 8. Company Profiles
- 8.1 Tadiran Batteries Ltd. (Saft Groupe SAS)
- 8.1.1 Company Overview
- 8.1.2 SWOT Analysis
- 8.2 Kayo Battery (Shenzhen) Company Limited
- 8.2.1 Company Overview
- 8.2.2 SWOT Analysis
- 8.3 EaglePicher Technologies
- 8.3.1 Company Overview
- 8.3.2 SWOT Analysis
- 8.4 Ultralife Corporation
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 SWOT Analysis
- 8.5 Panasonic Holdings Corporation
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 SWOT Analysis
- 8.6 Enersys
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental Analysis
- 8.6.4 SWOT Analysis
- 8.7 Maxwell Technologies (UCAP Power, Inc.)
- 8.7.1 Company Overview
- 8.7.2 SWOT Analysis
- 8.8 Renata SA (The Swatch Group Ltd)
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 SWOT Analysis
- 8.9 Duracell U.S Operations, Inc. (Berkshire Hathaway Inc.)
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 SWOT Analysis
- 8.10. GE HealthCare Technologies, Inc.
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 SWOT Analysis
Chapter 9. Winning Imperatives of Medical Batteries Market