How big is the Medical Devices Capacitors Market?

The Medical Devices Capacitors Market size is expected to reach USD 1.25 billion in 2024 and grow at a CAGR of 4.20% to reach USD 1.54 billion by 2029. Read More

What is the current Medical Devices Capacitors Market size?

In 2024, the Medical Devices Capacitors Market size is expected to reach USD 1.25 billion. Read More

Who are the key players in Medical Devices Capacitors Market?

Murata Manufacturing Co., Ltd., AVX Corporation (Kyocera Group), Knowles Electronics, LLC., WIMA GmbH & Co. KG and Exxelia Group are the major companies operating in the Medical Devices Capacitors Market. Read More

Which is the fastest growing region in Medical Devices Capacitors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Medical Devices Capacitors Market?

In 2024, the North America accounts for the largest market share in Medical Devices Capacitors Market. Read More

What years does this Medical Devices Capacitors Market cover, and what was the market size in 2023?

In 2023, the Medical Devices Capacitors Market size was estimated at USD 1.20 billion. The report covers the Medical Devices Capacitors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Devices Capacitors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Capacitors Market For Medical Devices Market Trends

Market Trends of Capacitors Industry For Medical Devices

Multilayer Ceramic Capacitors (MLCC) are Significantly Used in the Medical Devices

MLCCs are appealing for medical equipment applications due to their compact size, excellent durability, huge capacity, and predictable temperature coefficients. In terms of applied voltage, they also provide the most constant capacitance.
MLCC technology can manufacture them at case sizes that are not practicable for tantalum capacitors. DC leakage current (DCL) is one of the most crucial electrical characteristics of tantalum capacitors. Tantalum capacitors have higher leakage currents than ceramic capacitors. This is one of the main justifications for MLCC use, particularly in the production of medical equipment.
According to WHO, the most significant cause of mortality worldwide is cardiovascular diseases (CVDs), which claim 17.9 million lives annually. Pacemakers and defibrillators are highly required for those patients, and these equipment are manufactured using MLCC.
ICDs and pacemakers must be as tiny as feasible because they are both within the body. The creation of new leadless pacemakers around 1/10th the size of a conventional pacemaker is currently being worked on by medical device designers, who are concentrating on developing innovative device designs to reduce the size further. Therefore, it is necessary to continue miniaturizing the electrical parts utilized in these devices, such as capacitors, which may be tricky.
Using multi-layer ceramic capacitors (MLCCs) is a beautiful way to minimize capacitor size. An MLCC allows for constructing many layers within a single capacitor, producing a single capacitor that offers a capacitance level comparable to employing multiple SLCs linked in parallel. This multi-layer design reduces the total footprint needed for a capacitor to reach the greater capacitance required for pacemakers and ICDs, although being somewhat thicker (taller) than an SLC.
For instance, Pacemakers and implanted cardioverter defibrillators (ICDs) are essential life-saving medical devices that more than 3 million patients in the United States use. Both implants are medical devices for improving the quality of life for persons with cardiac arrhythmia.
According to the Australian Bureau of Statistics, the country had 4,099 deaths certified by the doctors as of February 2024, which has increased from 3,858 as compared to 2023. As the new-age population believes in medical technology over traditional treatment to lead a healthy quality of life, more advanced medical devices are under development and, therefore, will drive the demand for capacitors during the projected period.

Capacitors Market For Medical Devices: Number of deaths for leading causes of Death, in thousands, 2021

Understand The Key Trends Shaping This Market

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North America to Hold Significant Share

The North American region is one of the significant consumers of capacitors globally. The medical sector is anticipated to be one of the considerable consumers of capacitors in countries such as the United States, as heart disease and cancer are the country's top two causes of death.
According to the New York Govt., in the United States, heart disease claims the lives of over 697,000 individuals annually, or 1 in every five fatalities. The most prevalent form of heart disease, coronary heart disease (CHD), claims the lives of over 382,820 people annually. Around 805,000 Americans get a heart attack each year.
According to a report, around 3 million people use ICDs and pacemakers in the United States. These Implantable cardioverter defibrillators (ICDs), Pacemakers are made up of capacitors. These growing trends of heart diseases will drive the market growth during the projected period.
The region is witnessing a significant merger and acquisition strategy adopted by major Capacitor Market players. For instance, Cornell Dubilier Electronics announced the acquisition of the capacitor division of NWL through its CD Snow Hill subsidiary. The acquisition allows Cornell Dubilier Electronics to expand its existing portfolio of high-voltage film capacitors for pulsed power and power conversion applications in the industrial, military, and medical markets.