CLEVELAND, Nov. 10, 2016 /PRNewswire/ -- The healthcare sector will register the most rapid demand gains of any major single-use battery market, averaging 5.9 percent per year through 2020, much faster than the overall single-use battery market growth of just 1.5 percent annually. Growth will be bolstered by the rising numbers of elderly people, who are generally the most intensive users of battery-driven medical devices and instruments. Among the healthcare products employing single-use batteries are defibrillators, drug pumps, glucose monitors, heart monitors, neurostimulation and neuromodulation systems, and pacemakers. These and other trends are presented in Single-Use (Primary) Batteries in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
The study is available here
Primary lithium batteries are especially prevalent in healthcare applications. Analyst E. Reta Sober states, "In fact, virtually all implantable cardioverter defibrillators and cardiac resynchronization therapy devices currently on the market utilize lithium-silver vanadium oxide batteries, while most cardiac pacemakers use lithium-iodine batteries."
Similarly, the increasing incidence of diabetes, particularly type 2 (non-insulin-dependent diabetes mellitus), in the US will promote replacement sales of single-use batteries, such as CR2032 lithium types, that are used in glucometers. Faster advances will be restrained by a trend toward the use of rechargeable batteries in glucometers. EaglePicher Technologies, Integer, and Quallion (EnerSys) are leading suppliers of single-use batteries to the healthcare market.
#3458 Rechargeable (Secondary) Batteries (September 2016) http://www.freedoniagroup.com/industry-study/3458/rechargeable-secondary-batteries.htm
#3309 World Batteries (July 2015)
About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, market share information and profiles of the leading industry players. Reports can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
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SOURCE The Freedonia Group