Cardiac rhythm management devices batteries market analysis

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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.

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.

Restraints of the Global Cardiac Rhythm Management Device Batteries

However, safety concerns related to lithium batteries is a major factor restraining growth of cardiac rhythm management device 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.

Global Cardiac Rhythm Management Devices Batteries Market: Opportunities

Key players in the market can focus on R&D in sodium-ion batteries. Although lithium-ion batteries are considered a major source of energy storage, depleting resources for lithium and high cost associated with mining and refining, may pave a way for other alternatives. Sodium-ion batteries are cheaper and offer effective operation. Therefore, increasing adoption of sodium-ion batteries in CRM devices is expected to offer lucrative growth opportunities to market players.

Moreover, increasing prevalence of CVDs and other heart-related diseases due to ganging lifestyle among the populace is expected to increase demand for CRM devices, thereby boosting growth of the global cardiac rhythm management devices batteries market. For instance, according to American Heart Association’s Heart Disease and Stroke Statistics 2018 At-a-Glance, CVDs accounted for nearly 836,546 deaths in the U.S. Moreover, around 2,300 deaths are registered in the U.S. due to CVDs each day, an average of 1 death every 38 seconds.

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Key features of the study:

• This report provides in-depth analysis of the global cardiac rhythm management device batteries and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year

• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players

• It profiles leading players in the global cardiac rhythm management device batteries based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies, and future plans

• Key companies covered as a part of this study include EaglePicher Technologies, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, Greatbatch, Inc. (Integer), Quallion LLC, Medtronic Plc, and St. Jude Medical, Inc.

• • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics

  • The global cardiac rhythm management device batteries report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

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Fall detection systems are tools to prevent accidental falls in elderly population. Geriatric population often faces risks of falling, and is a prevalent problem faced by them.