South Korea Batteries for Medical Devices Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Lithium-ion, Nickel-metal Hydride, Zinc-air, Alkaline, and Others), By Application (Implantable Devices, Non-implantable Devices, Diagnostic Devices, and Others), and South Korea Batteries for Medical Devices Market Insights, Industry Trend, Forecasts to 2035

South Korea Batteries for Medical Devices Market Insights Forecasts to 2035

• The South Korea Batteries for Medical Devices Market size is Expected to Grow at a CAGR of around 6.2% from 2025 to 2035
• The South Korea Batteries for Medical Devices Market size is Expected to hold a significant Share by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Batteries for Medical Devices Market Size is anticipated to grow at a CAGR of 6.2% from 2025 to 2035. The market is driven by rising demand for portable and implantable medical devices. Increased adoption of home healthcare, wearable devices, and advanced monitoring solutions drives battery demand. Technological improvements in lithium-ion, lithium-polymer, and other rechargeable battery chemistries further support market growth.

Market Overview

The South Korea market for batteries for medical dev1ices is growing at a notable rate as a result of rising healthcare expenditures, an aging population, and the rising number of chronic diseases. Growth in the battery market for use in medical devices is driven primarily by the demand for implantable devices, such as pacemakers, neurostimulators, and insulin pumps in the medical field, where battery life and reliable power are critical, as well as portable devices that are used in hospitals, like diagnostic monitors or general medical devices and accessories, such as wearable activity health devices. Furthermore, improvements in battery efficiency, reduction in battery size, and increased safety features are compelling medical devices manufacturers to provide portable medical devices with longer battery life (for energy stored), and reduce patient compliance pain points. Manufacturers also have established distribution networks as well as online access and e-commerce methods of distribution for portable medical devices which increases adoption in the market. New and developing technologies, combined with healthcare device proliferation, put the market in a strong position to hold the growth momentum going into 2035.

Report Coverage

This research report categorizes the market for the South Korea batteries for medical devices market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea batteries for medical devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea Batteries for Medical Devices Market.

Driving Factors

The market is driven by an increase in the adoption of portable and implantable devices in the healthcare industry, rising demand for home healthcare, and an increase in battery technologies available for rechargeable devices. The growing prevalence of chronic diseases, coupled with an aging population, continues to drive the need for dependable long-life batteries embedded in medical devices.

Restraining Factors

Market is restrained by high production cost, regulatory requirements, and the disposal and recycling issues of batteries.

Market Segmentation

The South Korea batteries for medical devices market share is classified into product type and application.

• The lithium-ion segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea batteries for medical devices market is segmented by product type into lithium-ion, nickel-metal hydride, zinc-air, alkaline, and others. Among these, the lithium-ion segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. Due to their high energy density, long life cycle, and compatibility with portable and implantable medical devices, lithium-ion batteries are the battery of choice. Nickel-metal hydride batteries and zinc-air batteries are useful for portable and implantable devices respectively, and alkaline batteries are used in low-drain diagnostic instruments. Other developing battery chemistries are included in the others section for specialized applications.

• The implantable devices segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea batteries for medical devices market is segmented by application into implantable devices, non-implantable devices, diagnostic devices, and others. Among these, the implantable devices segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Implantable medical devices include pacemakers, neurostimulators, insulin infusion pumps, and cochlear devices that require batteries that need to be long-lasting and reliable. Non-implantable medical devices include portable diagnostic monitors, infusion pumps, and emergency medical devices. Diagnostic medical devices depend on batteries that will provide reliable and accurate source of power. The other segment includes specialized medical and surgical devices.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea batteries for medical devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Medtronic
• Boston Scientific Corporation
• Johnson & Johnson
• Philips Healthcare
• Siemens Healthineers
• GE Healthcare
• Abbott Laboratories
• Stryker Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Batteries for Medical Devices Market based on the below-mentioned segments:

South Korea Batteries for Medical Devices Market, By Product Type

• Lithium-ion
• Nickel-metal Hydride
• Zinc-air
• Alkaline
• Others

South Korea Batteries for Medical Devices Market, By Application

• Implantable Devices
• Non-implantable Devices
• Diagnostic Devices
• Others