Overview
The medical devices market currently represents a sizeable segment of the healthcare industry. Driven by the increasing prevalence of chronic disorders as well as the technological advancements in this domain, the market is projected to continue its growth at a commendable pace over the coming years. According to the Food and Drug Administration’s (FDA) Center for Devices and Radiological Health (CDRH), there are currently around 175,000 types of medical devices in the US market alone. In fact, since 2019, close to 55 medical devices have been approved by the USFDA and over 7,000 clinical trials focused on medical devices have been registered worldwide. The exponential growth in wearable medical devices and implants, such as hearing aids, implantable cardiac defibrillators, infusion pumps, neurostimulators and pacemakers, has led to an increase in demand for safe, compact, light-weight and high energy density batteries with better cycle life. Despite the numerous advantages offered by the batteries, including backup power, portability and user-comfort, safety concerns related to premature battery depletion (leading to malfunctioning of the medical device), release of heat when overcharged or exposed to high temperatures and toxicity due to electrolyte leakage may present some impediments in the growth of the global medical batteries market.
A number of companies have developed advanced battery technologies to address the known challenges. In fact, close to 450 patents related to medical device batteries have been filed/granted in the last five years, demonstrating continued efforts towards innovation in this domain. Presently, more than 930 medical device batteries focusing on implants and wearable medical devices have been/are being developed by several players for various applications. Medical device developers have begun using novel batteries to differentiate their current product portfolios, as well as to introduce new product categories. Increasing prevalence of heart disease across the globe is amongst the key factors driving growth of the global medical batteries market. Moreover, the increasing awareness regarding fitness is expected to significantly drive the usage of wearable device batteries propelling the growth of this market during the next decade.
Scope of the Report
The “Medical Device Batteries: Focus on Implants and Wearable Medical Devices - Market Distribution by Battery Chemistry (Lithium, Zinc Air, Nickel and Others), Rechargeability (Rechargeable and Non-Rechargeable), Application (Hearing Aids, Patient Monitoring Devices, Drug Delivery Devices, Cardiovascular Medical Devices and Others) and Key Geographies (North America, Europe, Asia Pacific, Latin America, MENA and Rest of the World): Industry Trends and Global Forecasts, 2020-2030” report features an extensive study of the current market landscape and future potential of medical device batteries, focusing on implants and wearable medical devices, over the next decade. The study features an in-depth analysis of the key drivers and trends related to this domain.
Amongst other elements, the report includes:
- An overview of the current market landscape of medical device batteries, along with information on key product specifications, such as battery chemistry (lithium based, zinc air based, silver oxide based, alkaline based, nickel based and hydrogen gas based), voltage (less than 3V, 3V to 6V, more than 6V), capacity (less than 600mAh, 600mAh to 1200 mAh, more than 1200mAh), weight (less than 5g, 5g to 10g, 10.1g to 15g, 15.1g to 20g, more than 20g), type of device (wearable and implantable), rechargeability (rechargeable and non-rechargeable), life span (short shelf life, medium shelf life and long shelf life) and application (cardiovascular devices, diagnostic devices, drug delivery devices, hearing aids, neuromodulators, patient monitoring devices, ocular devices and others). It also includes details of companies developing medical device batteries, along with information on year of establishment, company size, location of headquarters and highlights the leading developers, in terms of number of offerings.
- A competitiveness analysis of medical device batteries based on various relevant parameters, namely supplier power (based on the experience/expertise of the developer) and key product specifications (battery chemistry, voltage, capacity, weight, type of device, rechargeability, life span and application).
- Elaborate profiles of prominent players engaged in the development of medical device batteries, featuring a brief overview of the company, its financial information (if available), information on its product portfolio, recent developments and an informed future outlook.
- A list of 50+ wearable, medical device developers, along with information year of establishment, company size, location of headquarters, device developed, type of device (continuous glucose monitoring devices, patch pump/injectors, insulin pumps and infusion pump/injectors), device usability (disposable, reusable and reusable (disposable components)) and stage of development (pre-clinical, under development and marketed), which are deemed to be likely partners for battery developers in the foreseen future.
- An in-depth analysis of the various patents that have been filed/granted related to medical device batteries, till August 2020, taking into consideration parameters, such as type of patent, publication year, geographical region, CPC symbols, emerging focus areas, type of device and leading industry players (in terms of size of intellectual property portfolio). It also includes a patent benchmarking analysis and a detailed valuation analysis.
One of the key objectives of the report was to estimate the existing market size and identify potential growth opportunities for medical device batteries. Based on multiple parameters, we have developed an informed estimate of the likely evolution of the market, over the period 2020-2030. The report also features sales forecasts for batteries for wearable and implantable devices, and features analysis of the current and forecasted opportunity across important market segments, namely [A] battery chemistry (lithium based, zinc air based, nickel based and others), [B] type of device (wearable and implantable), [C] rechargeability (rechargeable and non-rechargeable), [D] application (hearing aids, patient monitoring devices, drug delivery devices, cardiovascular devices and others) and [E] key geographies (North America, Europe, Asia Pacific, Middle East and Latin America, and Rest of the World). In order to account for future uncertainties and to add robustness to our model, we have provided three market forecast scenarios namely the conservative, base and optimistic scenarios, which represent different tracks of the industry’s evolution.
The opinions and insights presented in this study were influenced by discussions conducted with multiple stakeholders in this domain.
The report features detailed transcripts of interviews held with the following individuals:
- Jeff Sather (Vice President, Technology and Customer Solutions, Cymbet)
- Hongyan Ning (Sales and Marketing Manager, Enfucell)
Key Questions Answered
- What kind of batteries are currently available/under development for different types of medical devices?
- Who are the leading developers of medical device batteries, focused on implantable and wearable medical devices?
- What are the key applications of medical device batteries in the modern healthcare industry?
- Who are the most likely partners for medical device battery developers?
- How is the intellectual property landscape in this field likely to evolve in the foreseen future?
- What are the factors that are likely to influence the market’s evolution?
- How is the current and future opportunity likely to be distributed across key market segments?
Table of Contents
Companies Mentioned
- Abbott
- Advanced Bionics
- AgaMatrix
- Alcon
- Alertgy
- Amgen
- Amplifon
- ANSMANN
- Apple
- ArKal Medical
- Beijing KSH Technology Institute
- Beijing PINS Medical
- Bernafon
- Bigfoot Biomedical
- Biolinq
- Blue Spark Technologies
- Bone Life
- Boston Scientific
- CAMELION
- Cardiac Pacemakers
- Chuangling Cardiac Rhythm Man Medical Equipment (Shanghai)
- City Labs
- Cochlear
- Covidien
- CUSTOMCELLS
- Cymbet
- Daegu Gyeongbuk Institute of Science & Technology
- Debiotech
- Dexcom
- DiaMonTech
- Dongguan Xinjieneng Intelligent Equipment
- Draeger Medical Systems
- Duracell
- E3D Elcam Drug Delivery Devices
- EaglePicher Technologies
- Echo Therapeutics
- Edan Instruments
- ELENZA
- Eli Lilly
- Energizer Holdings
- EnerSys
- Enfucell
- Envoy Medical
- EOFlow
- EVER Pharma
- Fresenius Vial
- General Electric
- Glucovation
- Gluco-Z
- GluSense
- GlySens
- GN Hearing
- GP Batteries International
- Greatbatch
- Guangdong TIANQIU Electronics Technology
- Guangzhou Battsys
- Guangzhou Danjue Communication Technology
- Guangzhou Great Power Energy & Technology
- HABALAN Med & Beauty
- HearUSA
- Hospira
- Huizhou Jinghao Medical Technology
- iCellTech
- ICU Medical
- Ilika
- Infinovo Medical
- Insulet
- Insuline Medical
- Integer Holdings
- Integrity Applications
- Intenso International
- Jenax
- Jiangsu Apon Medical Technology
- Johns Hopkins University
- Kingbolai Battery Industrial
- Gyeongsang National University Industry-Academic Cooperation Foundation
- Leviticus Cardio
- Lifeplus
- Lifescan Scotland
- LTS
- Manufacturers and Traders Trust Company
- Maxell
- MED-EL
- Medtronic
- Medtrum Technologies
- Metamaterial
- Metronom Health
- Molex
- Murata
- NDSU Research Foundation
- Nemaura Medical
- Nemera
- Neurocardiac Innovations
- NeuroDerm
- Nevro
- NEXcell Battery
- Nitto Denko
- Novartis
- NovioSense
- Nuvectra
- Olympus
- Ortho-Ion
- Pacesetter
- Panasonic
- PercuSense
- PharmaSens
- Phonak
- Pinnacle Technology
- PKitality
- POCTech
- Power Paper
- POWER STATIONS
- Powermax
- Power-Xtra
- Prediktor Medical
- Rayovac
- Renata
- Rion
- Roche
- Samsung Electronics
- SanaVita Medical
- scPharmaceuticals
- Senseonics
- Sensile Medical
- SFC Fluidics
- Shanghai Lishengte Medical Technology
- Shenzen Kayo Battery
- Shenzhen Doublepow Electronic Technology
- Shenzhen Dualwin Technology
- Shenzhen Grepow Battery
- Shenzhen HONCELL Energy
- Shenzhen Huan Yu Yuan Technology
- Shenzhen Yijin Life Science
- Siemens Medical Instruments
- Sivantos
- Smiths Medical
- Sonceboz
- Sonova
- SOOIL
- Sorrel Medical
- St Jude Medical Luxembourg Holdings
- Starkey Hearing Technologies
- SteadyMed Therapeutics
- STMicroelectronics
- Stryker
- Suzhou Zede Medical Instrument
- Tadiran Batteries
- Tandem Diabetes Care
- Toshiba
- Ultralife
- Valencia Technologies
- VARTA Microbattery
- Verily Life Sciences
- ViCentra
- Weibel CDS
- West Pharmaceutical Services
- Wido New Energy
- WS Audiology
- Wyon
- Ypsomed
- ZeniPower (Zhuhai Zhi Li) Battery
- Zhongtian Tuoxin (Tianjin) Technology
- Zhuhai Guanghuan New Energy Technology
- Zhuhai Meiruihua Medical Technology
- Zinergy
- ZOLL Medical
- ZPower
Methodology
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