According to a new report, published by KBV research, The Global Medical Batteries Market size is expected to reach $1.8 billion by 2030, rising at a market growth of 5.1% CAGR during the forecast period.
The Ambulatory Surgical Centers segment is anticipated to have a CAGR of 5.4% during (2023 - 2030). ASCs, characterized by their focus on providing same-day surgical care, are increasingly reliant on advanced medical technologies powered by high-performance batteries. These centers, often seeking efficient and portable medical devices for various procedures, represent a significant end-user segment driving innovation and demand in the medical batteries market. As ASCs continue to proliferate globally and adopt increasingly sophisticated medical technologies, the demand for advanced medical batteries tailored to their unique requirements is poised for continued growth, further solidifying ASCs as a pivotal end-user segment shaping the trajectory of the medical batteries market.
The Portable & Wearable Medical Devices segment is leading the Global Medical Batteries Market by Application in 2022 thereby, achieving a market value of $589.2 million by 2030. The expansion of remote patient monitoring, especially in the context of chronic disease management, has led to a surge in the adoption of wearable medical devices. Patients can use these devices to monitor vital signs, track medication adherence, and manage their health remotely. These aspects will propel the demand in the segment.
The Nickel-Metal Hydride (NiMH) Batteries segment is experiencing a CAGR of 4.8% during (2023 - 2030). NiMH batteries offer a relatively higher energy density than traditional nickel-cadmium (NiCd) batteries, making them suitable for powering medical devices requiring more extended operational life between charges. Their performance characteristics, such as stable voltage output, have contributed to their adoption in various healthcare applications. Therefore, the segment will grow rapidly in the coming years.
Full Report: https://www.kbvresearch.com/medical-batteries-market/
The North America region dominated the Global Medical Batteries Market by Region in 2022 thereby, achieving a market value of $652.6 million by 2030, growing at a CAGR of 4.4 % during the forecast period. The Europe market is expected to witness a CAGR of 4.7% during (2023 - 2030). Additionally, The Asia Pacific market is expected to witness a CAGR of 5.9% during (2023 - 2030).
By End-user
By Application
By Battery Type
By Geography
Unique Offerings 
