An exponentialincrease in development efforts related to wearable medical devices andimplants, 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 theaddition of “MedicalDevice Batteries: Focus on Implants and Wearable Medical Devices - MarketDistribution by Battery Chemistry (Lithium, Zinc Air, Nickel and Others),Rechargeability (Rechargeable and Non-Rechargeable), Application (Hearing Aids,Patient Monitoring Devices, Drug Delivery Devices, Cardiovascular MedicalDevices and Others) and Key Geographies (North America, Europe, Asia Pacific,Latin America, MENA and Rest of the World): Industry Trends and GlobalForecasts, 2020-2030” report to its list of offerings.
Battery-operatedmedical devices, such as cochlear implants, defibrillators, insulin pumps andpacemakers, have redefined 21st century healthcare, adding to theuser convenience factor and offering profitable value propositions fordevelopers. Battery technologies have simultaneously evolved, with modernpower-storage cells having improved safety features and the potential to beused 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 inmedical devices, are currently available / under development
More than 75% of the aforementionedbatteries that are intended for implants and wearable medical devices, have lithiumbased chemistries. The majority of batteries captured in the report (62%) are intendedfor 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 tobe engaged in developing medical device batteries
Majority (45%) of thesebattery developers are located in the Asia Pacific region, primarily in China,while Europe (29%) and North America (27%) almost have an equal number ofinnovators focused in this field. More than 40% of the industry stakeholders arevery large firms.
330+ patents related to medical devicebatteries have been filed since 2015
R&Dactivity related to medical device batteries is largely concentrated in the US,considering that more than 35% of the total number of patents were filed inthis region. Around 70% of intellectual property related filings in this fieldwere observed to focused on batteries intended for implantable devices.
North America and Europe are anticipated to capture closeto 50% market share, by 2030
On the other hand, AsiaPacific is expected to witness a higher growth rate as compared to othergeographies due to the advancement in healthcare facilities. Currently, themarket is driven by the sales of medical device batteries designed for wearablemedical devices (75%), followed by those intended to power implantable devices(25%). Further, rechargeable medical device batteries currently capture 25% ofthe overall market share (in terms of sales revenues).
To request a sample copy / brochure of this report, pleasevisit this - https://www.rootsanalysis.com/reports/medical-device-batteries-market/request-sample.html
Key Questions Answered
§ What kind ofbatteries are currently available / under development for different types ofmedical devices?
§ Who are the leadingdevelopers of medical device batteries?
§ What are the keyapplications of medical device batteries in the modern healthcare industry?
§ Who are the mostlikely partners for medical device battery developers?
§ How is theintellectual property landscape in this field likely to evolve in the foreseenfuture?
§ What are the factorsthat are likely to influence the market’s evolution?
§ How is the currentand future opportunity likely to be distributed across key market segments?
The USD XX billion (by 2030) financial opportunity withinthe medical device batteries market has been analyzed across the followingsegments:
§ 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; eachprofile features an overview of the developer, its financial information (ifavailable), recent developments and an informed future outlook.
§ Blue SparkTechnologies
§ CAMELION
§ EaglePicherTechnologies
§ 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
Roots Analysis is one of the fastest growingmarket research companies, sharing fresh and independent perspectives in the bio-pharmaceuticalindustry. The in-depth research, analysis and insights are driven by anexperienced leadership team which has gained many years of significantexperience in this sector. If you’d like help with your growing business needs,get in touch at info@rootsanalysis.com
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