Product Code: PM5249
The global medical batteries market size is expected to reach USD 3.56 billion by 2034, according to a new study by Polaris Market Research. The report "Medical Batteries Market Size, Share, Trends, Industry Analysis Report: By Battery Type (Lithium-Ion Batteries, Nickel-Metal Hydride (NiMH) Batteries, Alkaline Batteries, Zinc-Air Batteries, and Others), Usage, End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing demand for portable and implantable medical devices, such as pacemakers, insulin pumps, and defibrillators, drives the medical batteries market growth. Advancements in battery technology, including the development of longer-lasting and more efficient batteries, also contribute to market expansion.
The growing focus on home healthcare and remote patient monitoring propels the requirement for reliable and compact power sources, which is expected to offer lucrative opportunities for the market during the forecast period. Future market trends include the shift toward rechargeable batteries and the adoption of lithium-ion batteries due to their high energy density and long cycle life. Overall, the market is expected to grow steadily in the coming years, supported by the rising prevalence of chronic diseases and the increasing geriatric population across the world.
Medical Batteries Market Report Highlights
Based on battery type, the lithium-ion batteries segment dominates the medical batteries market due to their high energy density, long cycle life, and widespread use in portable and wearable medical devices. The zinc-air batteries segment is expected to witness the fastest growth in the coming years, driven by their application in hearing aids and other low-power devices.
The non-implantable medical devices segment, by usage, accounts for the largest share of the market, driven by the increasing demand for portable medical equipment. However, the implantable medical devices segment is expected to witness the fastest growth due to advancements in battery miniaturization and longevity.
The hospitals segment is the largest end user of medical batteries, primarily due to the high volume of medical devices used in these settings. The home healthcare settings segment is projected to grow at the highest rate, fueled by the rising trend of remote patient monitoring and home-based care.
North America leads the global medical batteries market, attributed to the advanced healthcare infrastructure and high adoption of medical technology. Asia Pacific is expected to experience the fastest growth, driven by the expanding healthcare sector and increasing investments in medical device manufacturing.
Some of the key players in the market are Duracell Inc., Panasonic Corporation, LG Chem Ltd., VARTA AG, and Energizer Holdings, Inc.
Polaris Market Research has segmented the medical batteries market report on the basis of battery type, usage, end user, and region:
By Battery Type Outlook (Revenue - USD Billion, 2020-2034)
- Lithium-Ion Batteries
- Nickel-Metal Hydride (NiMH) Batteries
- Alkaline Batteries
- Zinc-Air Batteries
- Others
By Usage Outlook (Revenue - USD Billion, 2020-2034)
- Implantable Medical Devices
- Non-implantable Medical Devices
- Portable
- Wearable Medical Devices
By End User Outlook (Revenue - USD Billion, 2020-2034)
- Hospitals
- Home Healthcare Settings
- Ambulatory Surgical Centers
- Research Institutes
By Regional Outlook (Revenue - USD Billion, 2020-2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Medical Batteries Market Insights
- 4.1. Medical Batteries Market - Market Snapshot
- 4.2. Medical Batteries Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Shift Toward High-Energy-Density Batteries
- 4.2.1.2. Rising Adoption of Rechargeable Batteries
- 4.2.1.3. Increasing Emphasis on Safety and Regulatory Compliance
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Stringent Regulatory Requirements
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Medical Batteries Market Application Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Medical Batteries Market, by Battery Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 5.3. Lithium-Ion Batteries
- 5.3.1. Global Medical Batteries Market, by Lithium-Ion Batteries, by Region, 2020-2034 (USD Billion)
- 5.4. Nickel-Metal Hydride (NiMH) Batteries
- 5.4.1. Global Medical Batteries Market, by Nickel-Metal Hydride (NiMH) Batteries, by Region, 2020-2034 (USD Billion)
- 5.5. Alkaline Batteries
- 5.5.1. Global Medical Batteries Market, by Alkaline Batteries, by Region, 2020-2034 (USD Billion)
- 5.6. Zinc-Air Batteries
- 5.6.1. Global Medical Batteries Market, by Zinc-Air Batteries, by Region, 2020-2034 (USD Billion)
- 5.7. Others
- 5.7.1. Global Medical Batteries Market, by Others, by Region, 2020-2034 (USD Billion)
6. Global Medical Batteries Market, by Usage
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 6.3. Implantable Medical Devices
- 6.3.1. Global Medical Batteries Market, by Implantable Medical Devices, by Region, 2020-2034 (USD Billion)
- 6.4. Non-implantable Medical Devices
- 6.4.1. Global Medical Batteries Market, by Non-Implantable Medical Devices, by Region, 2020-2034 (USD Billion)
- 6.5. Portable
- 6.5.1. Global Medical Batteries Market, by Portable, by Region, 2020-2034 (USD Billion)
- 6.6. Wearable Medical Devices
- 6.6.1. Global Medical Batteries Market, by Wearable Medical Devices, by Region, 2020-2034 (USD Billion)
7. Global Medical Batteries Market, by End User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 7.3. Hospitals
- 7.3.1. Global Medical Batteries Market, by Hospitals, by Region, 2020-2034 (USD Billion)
- 7.4. Home Healthcare Settings
- 7.4.1. Global Medical Batteries Market, by Home Healthcare Settings, by Region, 2020-2034 (USD Billion)
- 7.5. Ambulatory Surgical Centers
- 7.5.1. Global Medical Batteries Market, by Ambulatory Surgical Centers, by Region, 2020-2034 (USD Billion)
- 7.6. Research Institutes
- 7.6.1. Global Medical Batteries Market, by Research Institutes, by Region, 2020-2034 (USD Billion)
8. Global Medical Batteries Market, by Geography
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Medical Batteries Market Assessment, By Geography, 2020-2034 (USD Billion)
- 8.3. Medical Batteries Market - North America
- 8.3.1. North America: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.3.2. North America: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.3.3. North America: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.3.4. Medical Batteries Market - US
- 8.3.4.1. US: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.3.4.2. US: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.3.4.3. US: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.3.5. Medical Batteries Market - Canada
- 8.3.5.1. Canada: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.3.5.2. Canada: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.3.5.3. Canada: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.4. Medical Batteries Market - Europe
- 8.4.1. Europe: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.2. Europe: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.4.3. Europe: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.4.4. Medical Batteries Market - UK
- 8.4.4.1. UK: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.4.2. UK: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.4.4.3. UK: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.4.5. Medical Batteries Market - France
- 8.4.5.1. France: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.5.2. France: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.4.5.3. France: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.4.6. Medical Batteries Market - Germany
- 8.4.6.1. Germany: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.6.2. Germany: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.4.6.3. Germany: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.4.7. Medical Batteries Market - Italy
- 8.4.7.1. Italy: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.7.2. Italy: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.4.7.3. Italy: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.4.8. Medical Batteries Market - Spain
- 8.4.8.1. Spain: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.8.2. Spain: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.4.8.3. Spain: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.4.9. Medical Batteries Market - Netherlands
- 8.4.9.1. Netherlands: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.9.2. Netherlands: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.4.9.3. Netherlands: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.4.10. Medical Batteries Market - Russia
- 8.4.10.1. Russia: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.10.2. Russia: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.4.10.3. Russia: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.4.11. Medical Batteries Market - Rest of Europe
- 8.4.11.1. Rest of Europe: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.4.11.2. Rest of Europe: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.4.11.3. Rest of Europe: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.5. Medical Batteries Market - Asia Pacific
- 8.5.1. Asia Pacific: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.5.4. Medical Batteries Market - China
- 8.5.4.1. China: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.4.2. China: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.5.4.3. China: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.5.5. Medical Batteries Market - India
- 8.5.5.1. India: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.5.2. India: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.5.5.3. India: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.5.6. Medical Batteries Market - Malaysia
- 8.5.6.1. Malaysia: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.6.2. Malaysia: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.5.6.3. Malaysia: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.5.7. Medical Batteries Market - Japan
- 8.5.7.1. Japan: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.7.2. Japan: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.5.7.3. Japan: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.5.8. Medical Batteries Market - Indonesia
- 8.5.8.1. Indonesia: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.8.2. Indonesia: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.5.8.3. Indonesia: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.5.9. Medical Batteries Market - South Korea
- 8.5.9.1. South Korea: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.9.2. South Korea: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.5.9.3. South Korea: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.5.10. Medical Batteries Market - Australia
- 8.5.10.1. Australia: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.10.2. Australia: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.5.10.3. Australia: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.5.11. Medical Batteries Market - Rest of Asia Pacific
- 8.5.11.1. Rest of Asia Pacific: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.5.11.2. Rest of Asia Pacific: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.5.11.3. Rest of Asia Pacific: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.6. Medical Batteries Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.6.4. Medical Batteries Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.6.4.2. Saudi Arabia: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.6.4.3. Saudi Arabia: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.6.5. Medical Batteries Market - UAE
- 8.6.5.1. UAE: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.6.5.2. UAE: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.6.5.3. UAE: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.6.6. Medical Batteries Market - Israel
- 8.6.6.1. Israel: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.6.6.2. Israel: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.6.6.3. Israel: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.6.7. Medical Batteries Market - South Africa
- 8.6.7.1. South Africa: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.6.7.2. South Africa: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.6.7.3. South Africa: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.6.8. Medical Batteries Market - Rest of Middle East & Africa
- 8.6.8.1. Rest of Middle East & Africa: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.6.8.2. Rest of Middle East & Africa: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.6.8.3. Rest of Middle East & Africa: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.7. Medical Batteries Market - Latin America
- 8.7.1. Latin America: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.7.4. Medical Batteries Market - Mexico
- 8.7.4.1. Mexico: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.7.4.2. Mexico: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.7.4.3. Mexico: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.7.5. Medical Batteries Market - Brazil
- 8.7.5.1. Brazil: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.7.5.2. Brazil: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.7.5.3. Brazil: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.7.6. Medical Batteries Market - Argentina
- 8.7.6.1. Argentina: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.7.6.2. Argentina: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.7.6.3. Argentina: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
- 8.7.7. Medical Batteries Market - Rest of Latin America
- 8.7.7.1. Rest of Latin America: Medical Batteries Market, by Battery Type, 2020-2034 (USD Billion)
- 8.7.7.2. Rest of Latin America: Medical Batteries Market, by Usage, 2020-2034 (USD Billion)
- 8.7.7.3. Rest of Latin America: Medical Batteries Market, by End User, 2020-2034 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Duracell Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Panasonic Corporation
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. LG Chem Ltd.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. VARTA AG
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Energizer Holdings, Inc.
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Samsung SDI Co., Ltd.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Toshiba Corporation
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Saft Group
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Murata Manufacturing Co., Ltd.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Maxell Holdings, Ltd.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development