GLOBAL MEDICAL BATTERIES MARKET INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2017–2025 © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Medical Batteries Market: Overview Battery systems consists of one or more storage batteries and battery chargers, and includes inverters, converters, and associated electrical equipment. As instruments are increasingly becoming computerized and mobile, systems’ performance and reliability depends on its battery. There are three major types of batteries used in medical devices based on their chemical composition, which includes lithium batteries, nickel-metal hydride batteries, and zinc-air batteries. Demand for medical batteries has increased significantly in the recent past, due to advancements in technology in lithium ion batteries for better performance and durability. For instance, in December 2017, Hong Kong-based company, Surwon Technology, has successfully completed the grapheme layering process to conduct energy through lithium-ion battery, The global medical batteries market was valued at US$ 2,059.1 million in 2016 and is expected to witness a robust CAGR of 6.4% over the forecast period (2017–2025). Manufacturers are focusing on manufacturing battery, which can provide high performance and have long-life span. For instance, CONMED launched Hall lithium battery system in 2013, which has double power storage capability than standard batteries and can be used in reconstructive orthopedic procedures for uninterrupted surgery procedure. Furthermore, increasing demand for implantable devices to cater to rising population suffering from chronic diseases such as diabetes and cardiovascular, is expected to aid in high demand for implantable batteries. © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION In 2015, it was estimated that 17.7 million people died from CVDs, representing 31% of all global deaths. Of these deaths, an estimated 7.4 million were due to coronary heart disease and 6.7 million were due to stroke, which is expected to increase the demand of pacemakers, in turn favoring the growth of medical batteries. Moreover, in February 2017, Ultralife Corporation launched 492Wh Lithium iron phosphate (LiFePO4) smart battery, which is equipped with accurate fuel gauging and integrated safety circuitry that is designed to replace Sealed Lead Acid (SLA) batteries used in medical carts. Request Free Report Sample@ https://www.coherentmarketinsights.com/insight/requestsample/1174 Increasing prevalence of chronic diseases such as diabetes and cardiovascular is leading to rising demand for medical batteries in devices required for treatment of these diseases. According to Center for Disease Control and Prevention in 2015, leading cause of death in the U.S. was heath disease and each year about 630,000 Americans die from heart disease. This is expected to support demand for medical devices required for treatment and prevention of this disease in turn aiding in growth of the medical batteries market in the U.S. Furthermore, the number of people suffering from diabetes increased from 108 million in 1980 to 422 million in 2014 worldwide. This has led to high demand for products such as insulin pumps, which require batteries. © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION However, safety concerns related to lithium batteries is a major factor restraining growth of medical batteries market. Lithium rechargeable batteries have the potential to overheat and even catch fire, this can occur due to overcharging, overloading, or by over-stressing due mechanical or environmental pressure .The U.S. Food and Drug Administration (FDA) has issued a warning regarding potential fire hazards due to the use of lithium-ion batteries in mobile medical carts. Furthermore, according to FDA reports, in 2016, cases related to hospital fires and other health hazards, associated with batteries used in mobile medical carts and their chargers include explosions, fires, smoking, or overheating of equipment that required hospital evacuations. Some major players operating in the medical batteries market are Ultralife Corporation, EaglePicher Technologies LLC, EnerSys, Liberating Technologies, Inc., Panasonic Corporation, Tadiran Batteries Ltd., Saft Groupe S.A., Arotech Corporation, SHENZHEN KAYO BATTERY Co., Ltd, and Vitec Group plc. Request For Customization@ https://www.coherentmarketinsights.com/insight/request-customization/1174 © Coherent market Insights. All Rights Reserved ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. 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All Rights Reserved KEY STATS RESEARCH SOLUTIONS 100+ FEASIBILITY STUDIES Insights Published Per Year GLOBAL REPORTS 150+ Consulting Projects Till Date COUNTRY ANALYSIS CONSULT PROJECTS 125+ Clients Worldwide Per Year 110+ SURVEY RESEARCH EXCEL FORECAST DATABASE CUSTOMIZED SOLUTIONS COMPETITIVE ASSESSMENT TECHNOLOGY SNIPPETS Analysts and Contract Consultants Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. © Coherent market Insights. All Rights Reserved THANK YOU To know more about us, visit our website: www.coherentmarketinsights.com For sales queries or new topics email us on: [email protected] For other queries contact: Mr. Shah (Manager - Business Development) Coherent Market Insights [email protected] +1-206-701-6702 © Coherent market Insights. All Rights Reserved

The global medical batteries market by Product Type (Implantable Batteries {Pacemakers Batteries, Implantable Cardioverter Defibrillator Batteries, Neurostimulators Batteries, Cochlear Batteries, Infusion Pumps Batteries, and Other Implantable Batteries} and Non-Implantable Batteries {Diagnostic Imaging Device Batteries, Patient Monitoring Device Batteries, Critical Care Support Batteries, In Vitro Diagnostics Instrument Batteries, Therapeutic Devices, Prosthetic Device Batteries and Other Non-Implantable Batteries}), by Battery Type (Lithium Batteries, Nickel-Metal Hydride Batteries, Zinc-air batteries) and by End User (Hospitals and Nursing Homes, Clinics, Diagnostic Centers, Home Care Settings, Others) and by Region is estimated at US$ 2,181.6million in 2017 and is projected to exhibit a CAGR of 6.4 % over the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights.