The need of the hour is to have better lighting systems in the operating table, to have clear vision of the area operated; due to increase in the number of accidents taking place, geriatric population hike, cardiac surgery demand getting […]
The need of the hour is to have better lighting systems in the operating table, to have clear vision of the area operated; due to increase in the number of accidents taking place, geriatric population hike, cardiac surgery demand getting traction, contributing to increase the demand for surgical lights in the healthcare industry.
Market Size – USD 2.20 Billion in 2019, Market Growth – CAGR of 4.6%, Market Trends– Advancements in surgical lights platform and improved regulations on surgical light intensity to prevent burns.
The global Surgical Lights market is expected to reach USD 3.17 billion by the year 2027, Surgical Lights are the components used to assist in the operating procedures to provide a clear vision of the cavities, organs, tissues which are under observation. Surgical lights are intended to lighten the site of surgery. They can provide optimal visualization of small, low-contrast objects at variable depths in incisions as well as body cavities. Therefore, surgical lights are an essential component of any operating theatre and provide lighting in surgical suites.
The demand for surgical lights is increasing owing to the increasing number of surgical procedures. Moreover, a noteworthy rise in the number of distributors and manufacturers of surgical light across the globe is generating enormous growth opportunities in the market. The key drivers of the surgical lights are the growing geriatric population, the increase in the incidences of accidents, escalating technological advancements, and hike in need to carry out surgeries for aesthetic pleasure. For instance, the recent advancements in the market include the increase in the use of the LED lights, which has a lesser tendency to burn the tissues due to the heat generated when used for a longer time. The LED lights provide white light with lower intensity, but a clear vision and hence are useful for operations that are carried out for the long term. Additionally, as per the statistics of the Association for Safe International Road Travel in 2017, it is estimated that nearly 1.25 million people die in the road crashes each year, an average of 3,287 people die every day, also 20-50 million are found injured or disabled. It is expected to boost the market during the forecast period further.
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The companies operating in the market and profiled in the report include
Koninklijke Philips N.V, A-dec Inc., Herbert Waldmann GmbH & Co. KG, STERIS plc, CV Medical, Gentex Corporation, Getinge AB, BihlerMED, Hill-Rom Services Inc., S.I.M.E.O.N. Medical GmbH, Integra LifeSciences Corporation, & Co. KG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Sunnex Group, SKYTRON, and Stryker.
The report offers complete portfolios of the key companies operating in the market including production capacity, revenue share and size, gross margin, sales revenue and margin, business expansion plans, technological advancements, product portfolio, global market position, and financial standing. The report also discusses in detail the recent mergers and acquisitions, joint ventures, product launches and brand promotions, partnerships, collaborations, agreements, and corporate and government deals.
The report further discusses in detail the market segmentation
Surgical Lights Market segmentation by type:
Product Outlook (Revenue in Million USD; 2017–2027)
- Ceiling Mounted
- On floor stand
- Wall Mounted
- Mobile Surgical Light System
- Surgical Headlight
Technology Outlook (Revenue in Million USD; 2017–2027)
- Conventional (Incandescent)
- Renewable energy sources
Surgical Lights Market segmentation by application:
Application Outlook (Revenue in Million USD; 2017–2027)
- Endoscopic Surgery
- Dental surgery
End-Use Outlook (Revenue in Million USD; 2017–2027)
- Ambulatory Surgical Centers
- Hospitals & Clinics
- Examination Rooms
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The report focuses on evaluation of the Surgical Lights market in major regions and the countries included in those regions. The report evaluates the key aspects of the global market such as production and consumption patterns, supply and demand ratio, import and export, economic growth, technological developments, and robust presence of key players in the region. The report also offers a country wise analysis to offer better information about the Surgical Lights market scope in key regions and crucial factors influencing market growth in major countries. Regional analysis covers the following:
- North America
- Rest of EU
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Key Advantages of the Surgical Lights Market Report:
- Detailed analysis of changing dynamics of the global Surgical Lights market
- Valuable insights on key market growth driving trends and monetary competence over the forecast period
- SWOT analysis and Porter’s Five Forces analysis for each key market player to offer competitive advantage to readers and investors
- Comprehensive assessment of competitive landscape and regional analysis
- Assessment of key factors driving and restraining market growth
- Analysis of threats, limitations, growth prospects, opportunities, and barriers in the market
- Strategic recommendations to key market players and new entrants to assist them in gaining a robust footing in the market
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