Opportunities for the global medical battery market to reach $2.2 billion by 2024

Publish Date: 12-07-2019 11:45:50 | Contact name: Lucintel LLC | Location: USA | Place: Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019 | 1 times displayed |




According to a new
market report published by Lucintel, the future of the global medical battery
market looks promising in the segments of patient
monitoring, general medical devices, cardiovascular, orthopedic, and home
healthcare. The global medical battery market is expected to reach an
estimated $2.2 billion by 2024 with a CAGR of 4.6% from 2019 to 2024. The major
drivers for this market are increasing demand for battery powered portable
and implantable devices in medical diagnostic and therapeutic practices.





In this market,
lithium-ion, lead acid, zinc air, and others (including nickel-cadmium), are
the main battery chemistries used for manufacturing medical batteries. On the
basis of comprehensive research, Lucintel
forecasts that lithium-ion batteries will remain the largest segment as well as
witness the highest growth over the forecast period due to their unique
characteristics, such as high voltage and energy density. These qualities make
lithium-ion batteries the preferred choice for implantable medical devices.





In the global medical
battery market, the cardiovascular device battery segment is expected
to witness the highest growth over the forecast period due to
increasing chronic and cardiovascular diseases in various regions.





In this market,
implantable and non-implantable batteries are used in various medical devices.
The non-implantable battery segment is projected to remain the largest market
over the forecast period due to increasing healthcare awareness and demand for
portable medical devices for frequent self-monitoring and for disease
treatment.





North America is
anticipated to remain the largest market due to its advanced healthcare
infrastructure. APAC is expected to witness the highest
growth over the forecast period due to increasing awareness and
advancement of healthcare in this region.





Emerging trends which
have a direct impact on the dynamics of the market include increasing recycling
of lithium-ion batteries to reduce waste and introduction of thin film
batteries to make lightweight, smaller size wearable devices. GE Healthcare,
Siemens, Kholberg Kravish Roberts, Boston Scientific,
Integer Holding, EaglePicher Technology, and Saft Group are among the major
suppliers of medical batteries.





Lucintel,
the leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global medical battery market by application,
battery chemistry type, product type, battery type, capacity type, and region
to compile a comprehensive research report titled, “Growth Opportunities
in the Global Medical Battery Market 2019-2024: Trends, Forecast, and
Opportunity Analysis
.” The Lucintel report serves as a catalyst for growth
strategies by providing comprehensive data and analysis on trends, key drivers,
and directions. The study includes trends and forecast for the global medical
battery market by application, battery chemistry
type, product type, battery type, capacity type, and region, as follows:





By Application [Value ($ Million) from 2013 to 2024]:





· Patient
Monitoring Devices



· General
Medical Devices



· Cardiovascular
Medical Devices



· Orthopedic
Devices



· Home
Healthcare Devices



· Other
Devices



By
Battery Chemistry Type [Value ($ Million) from 2013 to 2024]:





· Lithium-ion



· Lead
Acid



· Zinc Air



· Others



By
Product [Value ($ Million) from 2013 to 2024]:





· Implantable
Batteries



· Non-Implantable
Batteries



By
Battery Type [Value ($ Million) from 2013 to 2024]:





· Rechargeable



· Non-Rechargeable





By Capacity Type [Value ($ Million) from 2013 to 2024]:





· Less
than 1000 mAh



· 1000-2000
mAh



· Above
2000 mAh





By Region
[Value ($ Million) from 2013 to 2024]:





· North
America



− United States



− Canada



− Mexico



· Europe



− Germany



− France



− United Kingdom



− Italy



− Spain



· APAC



− China



− India



− Japan



· ROW



− Brazil





This
225-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at
+1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Medical Market
Analysis
, Medical Market
Research
, Opportunity Screening
and Analysis
, Capital Investment
Feasibility
and SWOT Analysis.













About Lucintel





Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive analysis,
opportunity analysis, growth consulting, M&A, and due diligence services to
executives and key decision-makers in a variety of industries. For further
information, visit www.lucintel.com.





This report addresses
the following key questions:





Q.
1. What are some of the most promising, high growth opportunities for the
global medical battery market by application (patient
monitoring, general medical, cardiovascular medical, orthopedic, home
healthcare, and other devices), battery chemistry type (lithium-ion,
lead acid, zinc air, and others), product (implantable and non-implantable),
battery type (rechargeable and non-rechargeable), capacity type (0-1000 mAh,
1000-2000 mAh, and 2000-above mAh), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?



Q.
2. Which product segment will grow at a faster pace and why?



Q.
3. Which region will grow at a faster pace and why?



Q.4. What are the key
factors affecting market dynamics? What are the drivers, challenges, and
business risks in this market?



Q.5.
What are the business risks and competitive threats in this market?



Q.6.
What are the emerging trends in this market and the reasons behind them?



Q.7.
What are some of the changing demands of customers in the market?



Q.8. What are the new
developments in the market and which companies are leading these developments?



Q.9. Who are the
major players in this market? What strategic initiatives are being taken by key
companies for business growth?



Q.10. What are some
of the competing products in this market and how big of a threat do they pose
for loss of market share by product substitution?



Q.
11. What M&A activity has occurred in the last 5 years?





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