How Has the Medical Batteries Market Size Evolved in Recent Years?
The medical batteries market has seen considerable growth due to a variety of factors.
• The health-related batteries industry has seen substantial expansion in its market size recently. Accelerating from $1.75 billion in 2024 to $1.87 billion in 2025, it showcases a compound annual growth rate (CAGR) of 6.9%.
This growth in the historical period is correlated with factors such as an uptick in demand for mobile medical devices, a widening incidence of chronic ailments, an expansion in healthcare infrastructure, an increased requirement for durable batteries, and a rising elderly demographic.
What Are The Predictions for The Medical Batteries Market in the Coming Years?
The medical batteries market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of medical batteries is predicted to experience rapid expansion in the coming years, reaching a value of $2.4 billion by 2029 with a compound annual growth rate (CAGR) of 6.5%.
This growth within the projected timeframe can be ascribed to the escalating adoption of telemedicine, the rising emphasis on home healthcare, an increase in regulatory clearances for sophisticated medical devices, and a surge in research and development (R&D) investment in solid-state batteries, which are now being widely utilized in electric wheelchairs. Forecasts for this period also highlight certain trends, such as the development of rechargeable lithium-ion batteries equipped with improved safety measures, innovative smart batteries with integrated diagnostics and monitoring, the evolution of superior battery management systems technology (BMS), the production of advanced wireless medical devices, and the incorporation of wireless charging technology.
Which Drivers Are Accelerating Growth In The Medical Batteries Market?
The growing need for medical devices is anticipated to fuel the expansion of the medical batteries market. Medical devices, which include a variety of instruments, apparatus, or machinery utilized in healthcare to diagnose, treat, or monitor health conditions, are witnessing increased demand due to the aging of populations, a rise in chronic diseases, and healthcare technology advancements. This surge in healthcare needs worldwide is playing a key role in driving demand for medical batteries, which are critical for powering an array of medical devices and providing dependable performance for patient monitoring, diagnostic tools, and life-saving apparatus. To illustrate, Abbott Laboratories, a healthcare company based in the US specializing in medical devices, reported that total sales of their medical devices climbed from $14.485 billion in 2021 to $14.802 billion in 2022, and later escalated to $16.887 billion in 2023. Consequently, the escalating demand for medical devices is stimulating the growth of the medical batteries market.
What Are The Core Segments Of The Global Medical Batteries Market?
The medical batteriesmarket covered in this report is segmented –
1) By Battery Type: Lithium-ion Batteries, Nickel-Metal Hydride (NiMH) Batteries, Alkaline Batteries, Zinc-Air Batteries, Other Battery Type
2) By Application: Implantable Medical Devices, Non-implantable Medical Devices, Portable And Wearable Medical Devices
3) By End-User: Hospitals And Clinics, Home Healthcare Settings, Ambulatory Surgical Centers, Research Institutes
Subsegments:
1) By Lithium-ion Batteries: Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminum Oxide (NCA)
2) By Nickel-Metal Hydride (NiMH) Batteries: Standard NiMH Batteries, Low Self-Discharge NiMH Batteries
3) By Alkaline Batteries: Standard Alkaline Batteries, Rechargeable Alkaline Batteries
4) By Zinc-Air Batteries: Hearing Aid Zinc-Air Batteries, Medical Device Zinc-Air Batteries
5) By Other Battery Types: Lead-Acid Batteries, Silver-Oxide Batteries, Lithium Polymer (LiPo) Batteries
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What Trends Are Shaping The Medical Batteries Market?
Key players in the medical batteries market are prioritizing the development of lithium-ion medical batteries to increase the performance, safety, and reliability of medical devices. Lithium-ion medical batteries are specifically engineered for deployment in various medical devices and equipment. They are often employed in devices like portable oxygen concentrators, insulin pumps, and other diagnostic or treatment devices where constant and reliable power supply is a necessity. For example, in January 2022, Resonetics, LLC, a medical technology firm based in the United States, rolled out the Contego 1.5 mAh lithium-ion battery, known as the smallest standard rechargeable battery in the med-tech realm, designed just for implantable devices. This extremely compact cylindrical cell measures merely 0.299 inches in length and 0.114 inches in diameter, claiming the title of the smallest rechargeable lithium-ion battery available for immediate purchase.
Who Are the Key Players In The Medical Batteries Market?
Major companies operating in the medical batteries market are:
• TotalEnergies SE
• Panasonic Corporation
• 3M Company
• Merck KGaA
• Texas Instruments Incorporated
• STMicroelectronics NV
• Murata Manufacturing Co. Ltd.
• EnerSys Inc.
• Energizer Holdings Inc.
• Renata AG SA
• VARTA Microbattery GmbH
• Vitec Group PLC
• EaglePicher Technologies LLC
• Ultralife Corporation
• Probo Medical LLC
• Camelion Battery Co. Ltd.
• Maxim Integrated Products Inc.
• Tadiran Batteries Ltd.
• Blue Spark Technologies Inc.
• KAYO Battery Company Limited
What Are The Regional Insights Into The Medical Batteries Market?
North America was the largest region in the medical batteries market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
