Global Medical Non-implantable Battery Market - 2024-2031

Global Medical Non-implantable Battery Market - 2024-2031

Global Medical Non-implantable Battery market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.

Medical non-implantable batteries are power sources that are intended for usage outside of the human body, yet are utilized in a variety of medical equipment. Depending on the particular needs of the gadget, these batteries come in a variety of sizes and types and supply the electrical energy required for these devices to operate.

Throughout their lives medical devices, the batteries provide a dependable and steady power supply to guarantee the medical gadget operates as intended. Because medical non-implantable batteries are frequently utilized in portable equipment, they should be lightweight and small.

Market Dynamics: Drivers & Restraints

Increasing demand for medical devices

Increase in the demand for medical devices and their applications for various diseases is raising the market growth. Medical gadgets such as portable diagnostic tools, monitoring devices, and other non-implantable medical devices are in greater demand. The market for medical non-implantable batteries is expanding because these devices need dependable and long-lasting batteries.

Batteries are required for the majority of non-implantable medical devices. Defibrillators, monitoring equipment, infusion pumps, and other devices all need steady and dependable power supplies. The requirement for batteries to power these gadgets is increasing along with demand.

Non-implanted devices put mobility and user-friendliness first, in contrast to implantable ones. This means that to ensure longer operation while keeping the gadget compact, smaller, lighter batteries with a high energy density are required. Thus, the increase in the demand for medical devices is expected to drive the market growth.

High manufacturing costs

The development and production of medical batteries that are safe, dependable, and of superior quality must comply with strict requirements, which frequently result in increased production costs when compared to conventional batteries. End users may pay more for their devices as a result of this. Thus, these factors may hinder the market growth.

Segment Analysisn

The global medical non-implantable battery market is segmented based on the material type, battery type, end-user and region.

Rechargeable battery type segment is expected to dominate the market share

Rechargeable batteries greatly minimize environmental waste creation and related pollutants from battery manufacture and disposal by doing away with the requirement for regular disposal of wasted batteries. Reusable batteries may initially cost more to acquire, but over time, their reusability drastically lowers total costs as compared to constantly purchasing disposable batteries. Rechargeable batteries often have longer lifespans than non-rechargeable ones.

For critical circumstances, continual drug administration is ensured by rechargeable batteries. Rechargeable batteries are necessary for on-site examinations using portable equipment such as handheld ultrasounds and pulse oximeters. Provide electrical stimulation to treat pain, build muscle, and other therapeutic goals.

Geographical Analysis

North America is expected to hold a significant position in the medical non-implantable battery market share

North America is expected to hold a dominant position in the market share in the forecast period owing to the presence of broad networks of hospitals, academic institutions, and healthcare providers providing a solid basis for market expansion. Compared to other regions of the world, the region enjoys comparatively high healthcare spending, which makes investments in cutting-edge medical gadgets and new technology possible.

There is a greater need for innovative batteries that adhere to strict safety and performance requirements. These businesses make significant investments in R&D, which spurs innovation and helps the area dominate the market. Thus, the above factors are expected to hold the region in the dominant position throughout the forecast period.

COVID-19 Impact Analysis

The reduced hospital admissions for chronic disease individuals and fewer surgeries and diagnostic procedures have shown a greater influence on non-implantable batteries. The strict regulations and the less investments by the major players have been halted due to the pandemic impact. The disruptions in the supply chain have influenced the market growth negatively.

Market Segmentation

By Material Type
• Lithium Batteries
• Nickel-Metal Hydride Batteries
• Zinc-air Batteries
• Others

By Battery Type
• Rechargeable
• Non-rechargeable

By End-User
• Hospitals and Clinics
• Diagnostic Centers
• Home Care Settings
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the market include GE HealthCare, Quallion LLC, Panasonic Industry Co., Ltd., Integer Holdings Corporation, AtBatt Inc., Explore Synergy Synocare Private Limited, Ultralife Corp., SEALED ENERGY SYSTEMS, Power Sonic Corporation, Synergy Intact Private Limited among others.

Why Purchase the Report?
• To visualize the global medical non-implantable battery market segmentation based on the material type, battery type, end-user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of the medical non-implantable battery market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global medical non-implantable battery market report would provide approximately 55 tables, 58 figures and 180 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies