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The future of the medical battery market looks promising in the segments of patient monitoring, general medical devices, cardiovascular, orthopedic, and home healthcare. The global medical battery market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2.2 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for this market are increasing demand for battery powered portable and implantable devices in medical diagnostic and therapeutic practices.
Emerging trends which have a direct impact on the dynamics of the medical battery market include increasing recycling of lithium-ion batteries to reduce waste and introduction of thin film batteries to make lightweight, smaller size wearable devices.
A total of 147 figures / charts and 142 tables are provided in this 225 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of medical battery market report download the report brochure.
In this market, lithium is the largest segment by material, whereas cardiovascular and other devices are the largest applications. Growth in various segments of the medical battery market are given below:
Medical Battery Market by Segments