Lucintel's latest market report analyzed that medical battery provides attractive opportunities in patient monitoring, general Medical Battery, cardiovascular, orthopedic, and home healthcare. The medical battery market is expected to reach $2.4 billion by 2027 with a CAGR of 5.1%. In this market, cardiovascular medical is the largest segment by application, whereas non-implantable is largest by product. Increasing recycling of lithium-ion batteries to reduce waste and introduction of thin film batteries to make lightweight, smaller size wearable devices provides strategic growth path in this market.
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Based on application, the medical battery market is segmented into patient monitoring, general medical, cardiovascular medicalmedical, orthopedic, home healthcare, and other devices. The cardiovascular medical segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing chronic and cardiovascular medical diseases in various regions.
Browse in-depth TOC on “Medical Battery Market”
140 – Tables
129 – Figures
221– Pages
The Medical Battery Market is marked by the presence of several big and small players. Some of the prominent players offering medical battery include KholbergKravishRoberts, Boston Scientific, GE Healthcare, Siemens, Integer Holding, EaglePicher Technology, and Saft Group.
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