The medical device
batteries market is projected to grow at an annualized rate of 12%, claims
Roots Analysis
An exponential
increase in development efforts related to wearable medical devices and
implants, has fueled a corresponding rise in demand for safe, compact,
light-weight and high energy density batteries with longer life span
Roots Analysis has announced the
addition of “Medical
Device Batteries: Focus on Implants and Wearable Medical Devices - Market
Distribution by Battery Chemistry (Lithium, Zinc Air, Nickel and Others),
Rechargeability (Rechargeable and Non-Rechargeable), Application (Hearing Aids,
Patient Monitoring Devices, Drug Delivery Devices, Cardiovascular Medical
Devices and Others) and Key Geographies (North America, Europe, Asia Pacific,
Latin America, MENA and Rest of the World): Industry Trends and Global
Forecasts, 2020-2030” report to its list of offerings.
Battery-operated
medical devices, such as cochlear implants, defibrillators, insulin pumps and
pacemakers, have redefined 21st century healthcare, adding to the
user convenience factor and offering profitable value propositions for
developers. Battery technologies have simultaneously evolved, with modern
power-storage cells having improved safety features and the potential to be
used for longer durations.
To order this 190+
page report, which features 60+ figures and 90+ tables, please visit this –
https://www.rootsanalysis.com/reports/medical-device-batteries-market.html
Key Market Insights
More than 930 batteries, designed for use in
medical devices, are currently available / under development
More than 75% of the aforementioned
batteries that are intended for implants and wearable medical devices, have lithium
based chemistries. The majority of batteries captured in the report (62%) are intended
for hearing aids; this is followed by those used in patient monitoring devices
(17%) and drug delivery devices (12%).
Over 50 companies, across the world, claim to
be engaged in developing medical device batteries
Majority (45%) of these
battery developers are located in the Asia Pacific region, primarily in China,
while Europe (29%) and North America (27%) almost have an equal number of
innovators focused in this field. More than 40% of the industry stakeholders are
very large firms.
330+ patents related to medical device
batteries have been filed since 2015
R&D
activity related to medical device batteries is largely concentrated in the US,
considering that more than 35% of the total number of patents were filed in
this region. Around 70% of intellectual property related filings in this field
were observed to focused on batteries intended for implantable devices.
North America and Europe are anticipated to capture close
to 50% market share, by 2030
On the other hand, Asia
Pacific is expected to witness a higher growth rate as compared to other
geographies due to the advancement in healthcare facilities. Currently, the
market is driven by the sales of medical device batteries designed for wearable
medical devices (75%), followed by those intended to power implantable devices
(25%). Further, rechargeable medical device batteries currently capture 25% of
the overall market share (in terms of sales revenues).
To request a sample copy / brochure of this report, please
visit this -
https://www.rootsanalysis.com/reports/medical-device-batteries-market/request-sample.html
Key Questions Answered
§
What kind of
batteries are currently available / under development for different types of
medical devices?
§
Who are the leading
developers of medical device batteries?
§
What are the key
applications of medical device batteries in the modern healthcare industry?
§
Who are the most
likely partners for medical device battery developers?
§
How is the
intellectual property landscape in this field likely to evolve in the foreseen
future?
§
What are the factors
that are likely to influence the market’s evolution?
§
How is the current
and future opportunity likely to be distributed across key market segments?
The USD XX billion (by 2030) financial opportunity within
the medical device batteries market has been analyzed across the following
segments:
§
Battery Chemistry
Lithium
based
Zinc
Air based
Nickel
based
Others
§
Type of Device
Implantable
Wearable
§
Rechargeability
Rechargeable
Non-Rechargeable
§
Application
Hearing
Aids
Patient
Monitoring Devices
Drug
Delivery Devices
Cardiovascular
Medical Devices
Others
§
Key Geographical Regions
North
America
Europe
Asia
Pacific
Latin
America
Middle
East and North Africa
Rest
of the World
The research includes detailed profiles of key players
(listed below) engaged in the development of medical device batteries; each
profile features an overview of the developer, its financial information (if
available), recent developments and an informed future outlook.
§
Blue Spark
Technologies
§
CAMELION
§
EaglePicher
Technologies
§
Energizer Holdings
§
Guangzhou Battsys
§
Murata
§
Panasonic
§
Renata
§
Tadiran Batteries
§
Toshiba
§
Ultralife
§
VARTA Microbattery
For additional details, please visit
https://www.rootsanalysis.com/reports/medical-device-batteries-market.html or email sales@rootsanalysis.com
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About Roots Analysis
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experienced leadership team which has gained many years of significant
experience in this sector. If you’d like help with your growing business needs,
get in touch at info@rootsanalysis.com
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Analysis Private Limited
Gaurav Chaudhary
+1 (415) 800 3415
ben.johnson@rootsanalysis.com
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