Medical Battery Market Is Anticipated To Grow At A Cagr Of 4.1% During 2020-2025

By Author: Lucintel LLC
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The global medical battery market is projected to reach $2.2 billion by 2025, at a CAGR of 4.1% during 2020-2025. The growth of medical battery market is driven by increasing demand for battery powered portable and implantable devices in medical diagnostic and therapeutic practices.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the 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 segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the medical battery market?
Q.4 What are some changing demands of customers in the medical battery market?
Q.5 What are the new ...
... developments in the medical battery market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this medical battery area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this medical battery market?
Emerging trends, which have a direct impact on the dynamics of the industry, include recycling of lithium-ion batteries to reduce waste and introduction of thin film batteries to make lightweight, smaller size wearable devices.
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Market Segmentation:
Based on battery chemistry type, the medical battery market is segmented into lithium-ion, lead acid, zinc air, and others. The lithium-ion segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during 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.
North America is expected to be the largest region 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.
Key Players in the medical battery market are GE Healthcare, Siemens, Kholberg Kravish Roberts, Boston Scientific, Integer Holding, EaglePicher Technology, and Saft Group.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/medical-battery-market.aspx
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.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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