From GlobeNewswire: 2025-02-27 09:30:00

The Medical Batteries Market was valued at $1.96 billion in 2023 and is projected to reach $3.33 billion by 2032, with a CAGR of 6.03%. This growth is fueled by advancements in battery technology and the increasing use of portable and implantable medical devices. Companies like Panasonic and Duracell are leading in this market.

Lithium-ion batteries were the top segment in 2023, with a 45% market share. Hospitals were the main end user, while implantable medical devices led in applications. Batteries with 600-1200 mAh capacities were common. North America dominated the market in 2023, but the Asia Pacific region is experiencing significant growth in the Medical Batteries Market. The medical batteries market is expanding due to factors like increased healthcare spending, awareness of innovative treatments, and a growing aging population. Developments include Murata Manufacturing’s new production line in France, EnerSys’ acquisition of Bren-Tronics, and Panasonic’s release of high-density lithium-ion batteries for medical implants. The market is expected to grow further with the rising demand for portable medical devices.

Recent developments in the medical batteries market include Murata Manufacturing expanding its production capabilities in France, EnerSys acquiring Bren-Tronics to enhance its defense segment, and Panasonic releasing high-density lithium-ion batteries for medical implants. These developments cater to the increasing global demand for high-performance medical batteries and are expected to drive market growth.

The medical batteries market is witnessing significant growth driven by factors such as increasing healthcare spending, awareness of innovative medical treatments, and a growing aging population. Recent developments include Murata Manufacturing expanding its production capabilities, EnerSys acquiring Bren-Tronics, and Panasonic releasing high-density lithium-ion batteries for medical implants to meet the rising demand.



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