What are the current trends that will influence the market in the next few years?
Medical batteries used in the hand-held medical devices, portable and in robotic capsules for surgical procedures. Medical batteries are used in many devices for telematics, RFID and GPS for tracking which are coupled with temperature, heart rate and sensors.
Medical batteries are used in bone growth stimulator which require low continuous current, the use battery pack is done to provide long-term continuous power. These medical batteries are used in the automatic external defibrillators for getting periodic low current pulses, low current. Medical batteries offer energy density and highest specific energy to device.
Companies covered:
Siemens, EaglePicher Technologies, GE, Electrochem Solutions, Maxim Integrated, Ultralife Corp., Panasonic, STMicroelectronics N.V., Texas Instruments, Quallion LLC, EnerSys, Vitec Group Plc., Liberting Technologies, Shenzhen Kayo Battery Co., Tadiran Batteries Ltd., Arotech Corporation and Saft Groupe S.A.
COVID-19 scenario analysis:
To take care of infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the medical batteries market.
Key segments covered:
Various government regulations to be followed by retailers for the disposal or recycling of worn out or used batteries would restraint the market growth. Increase in the use of rechargeable medical batteries as compared to primary batteries due to long life is the factor influencing the growth of the medical batteries. Technological advancements in the medical devices is fueling the growth. And, increase in the medical equipment and healthcare facilities are also influencing the growth. The battery depletion, battery leakage and high internal resistance are the factors restraining the growth.
End user:
- Hospitals
- Nursing homes
- Clinics
- Diagnostic centers
- Others