Medical Battery Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: GE Healthcare, Siemens, Integer Holding, Saft Groupe

Registering a CAGR of 5.2% over the forecast period, the market value of Medical Battery is expected to reach US$ 2908.5 million in the year 2027.

Medical Battery Market Overview

Medical batteries have become more popular in recent years as healthcare facilities have improved. The growing number of patients with chronic conditions, higher awareness of the various medical electronic gear available, and increased government funding are some of the primary drivers driving the worldwide medical batteries market. Furthermore, technological advancements are propelling the global medical batteries market forward. However, a lack of technical knowledge about medical batteries, low acceptability due to expensive costs, and the availability of alternative technologies are all important challenges limiting the worldwide medical batteries market's growth.

Medical battery can offer a range of battery solutions to suit every clinical requirement. And they are usually portable and have large power storages.

In 2019, North America is the largest medical battery market, accounting for 36%, the Asia-Pacific region ranks second, accounting for 32%, and Europe accounting for about 26%.

The market for Medical Battery is fragmented with players such as GE Healthcare, Siemens, Integer Holding, Saft Groupe, Boston Scientific, EaglePicher Technology, Philips, Draeger, BD, Medtronic, Stryker, EnerSys, Ultralife Corp and so on. Top 5 players account for 41% revenue market share in 2019.

The report aspects discussed the profile of the top manufacturers of the global Medical Battery market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Medical Battery Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in Medical Battery Market?

The global Medical Battery includes identification and analysis of the various market participants competing in the global market. Prominent competitors include GE Healthcare, Siemens, Integer Holding, Saft Groupe, Boston Scientific, EaglePicher Technology, Philips, Draeger, BD, Medtronic, Stryker, EnerSys, Ultralife Corp, Defibtech, Shenzhen Zhongli Energy Technology, Mindray, Laerdal Medical and others.

Industry News and Updates:

Philips to expand its leadership in patient care management solutions for the hospital with the acquisition of Capsule Technologies, Inc.

Jan 19, 2021– Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has signed an agreement to acquire Capsule Technologies, Inc., a leading provider of medical device integration and data technologies for hospitals and healthcare organizations. Capsule’s Medical Device Information Platform - comprised of device integration, vital signs monitoring and clinical surveillance services - connects almost all existing medical devices and EMRs in hospitals through a vendor-neutral system.

ENERSYS NOW OFFERING ADVANCED, HIGH-PERFORMANCE LITHIUM-ION (LI-ION) BATTERY TO ITS GLOBAL PORTFOLIO OF POWER SOLUTIONS

June 23, 2021 – EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications, is transforming material handling operations with the addition of high-performance NexSys® iON batteries to its power solution portfolio. Combining the latest lithium-ion chemistry with cost-effective modularity, NexSys® iON batteries are engineered with sustainable Nickel Manganese Cobalt (NMC) large format prismatic cell chemistry that has been heavily researched and built to deliver high energy capacity in a smaller footprint.

What are the major Applications, Types and Regions for Medical Battery Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Lithium and Lithium-ion


• Lead Acid


• NiMH


• Others

By Application, it is segmented into

• Life Support Equipment


• Medical Imaging Equipment


• Patient Monitoring Devices


• Others

Medical Battery Market Regional Analysis

Because of better healthcare facilities and a wide range of medical battery applications in the region, North America dominates the global market for medical batteries. In the next few years, the global medical batteries market is predicted to grow at a fast pace, with Asia leading the way, followed by Europe. In the Asia-Pacific area, China and India are predicted to be the fastest expanding markets for medical batteries. Large patient pools, improved healthcare facilities, and increased government financing are some of the primary driving reasons for the medical batteries market in emerging countries. The medical batteries market is predicted to benefit from the growing demographics and economies of developing countries such as India and China. The worldwide medical batteries market is likely to benefit from the development of new products with a focus on increased efficiency. Furthermore, expanding the application of medical batteries would create new opportunities for the global medical battery market.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Medical Battery Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Medical Battery Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Medical Battery Market report scope?

Scope of the Report covers Medical Battery Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Medical Battery Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.

Key Takeaways from this Medical Battery Report

• Evaluate Medical Battery market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Medical Battery market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

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