MEDICAL BATTERIES MARKET ANALYSIS

Medical Batteries Market Size and Trends

The global medical batteries market is estimated to be valued at USD 2.98 Bn in 2025 and is expected to reach USD 4.64 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2025 to 2032.

To learn more about this report, Request sample copy

The increasing demand for long-lasting batteries from the healthcare sector and the growing sales of portable medical equipment are expected to drive the growth of the medical batteries market during the forecast period.

The market is driven by factors such as the increasing prevalence of chronic diseases that require medical devices, rising sales of home healthcare devices, growing demand for longer-lasting batteries, and technological advancements in battery technologies. Moreover, increasing healthcare investments and rising disposable incomes in emerging economies are expected to create lucrative opportunities for players in the medical batteries market during the forecast period.

Aging Population and Rise in Chronic Diseases

The global medical batteries market is expected to witness significant growth over the forecast period owing to the rising aging population worldwide and the increasing prevalence of chronic diseases. As people grow older, their vulnerability to various medical conditions and diseases rises substantially. The needs of elderly patients generally involve more frequent medical visits and continuous monitoring through devices that require batteries. Moreover, with age comes declining mobility and autonomy which increases dependency on medical devices. All these factors are anticipated to spike the demand for batteries from medical device manufacturers. The prevalence of chronic conditions such as cardiovascular diseases, diabetes, respiratory diseases, and cancer has risen dramatically over the years. These diseases usually require long term treatment and management which involves the continuous or semi-continuous use of medical devices either for monitoring vital signs, administering therapy, or assisting mobility. For instance, portable oxygen concentrators, nebulizers, CPAP machines for sleep apnea, infusion pumps for diabetes, and power wheelchairs/mobility scooters for elderly and chronic disease patients heavily rely on rechargeable batteries with each use.

For instance, in June 2021, data released by the World Health Organization (WHO) revealed that out of 17 million premature deaths (under 70 years old) attributed to non-communicable diseases in 2019 globally, 38% were linked to cardiovascular diseases (CVDs). Approximately 17.9 million individuals lost their lives to CVDs in 2019, constituting 32% of all global fatalities. Of these deaths, 85% were due to heart attacks and strokes. In the U.S., around 659,000 people succumb to heart disease annually, equating to one in four deaths. Additionally, approximately 18.2 million adults aged 20 and above in the U.S. have Cardiac Associated Disorders (CAD), accounting for about 6.7% of the population. Furthermore, according to the Centers for Disease Control and Prevention (CDC), a heart attack strikes in the U.S. every 40 seconds.