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Medical batteries market to be valued at $3.33b by 2032
One key driver is the expanding use of portable and implantable medical devices.
The medical batteries market is projected to reach $3.33b by 2032 at a compound annual growth rate of 6.03%, according to SNS Insider.
The expansion is attributed to advances in battery technologies and the expanding use of portable and implantable medical devices.
The rising prevalence of chronic conditions requiring continuous monitoring, coupled with the shift towards home-based care, has driven demand for these devices.
“This, in turn, has generated an added demand for durable, consistent, and effective medical batteries,” the report said.