Surgical Lights Market – Synopsis
Market Research Future (MRFR) speculates that the growth rate for surgical lights market is experiencing 4.53% CAGR during the forecast period (2017-2023) owing to the increased surgical procedures.
Also termed as surgical light head or operating light, surgical light is referred to as a medical device which is required to assist healthcare professionals and surgeons during major as well as minor surgeries.
Proper illumination of surgical light is required to avoid any injury to the patient. Surgical lights must be manufactures based on specifications like color rendering index, brightness, correlated color temperature, homogeneity, shadow dilution, and others. They are extensively used in surgical suites, dental procedures, endoscopy procedures, and other surgeries.
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Competitive Dashboard
The prominent players operating the global surgical lights market are Integra LifeSciences Corporation, A-dec Inc., KONINKLIJKE PHILIPS N.V., Herbert Waldmann GmbH & Co. KG, Hill-Rom Services Inc., S.I.M.E.O.N. Medical GmbH & Co. KG, BihlerMED, Technomed India, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., SKYTRON, STERIS plc, Getinge AB, Stryker, CV Medical, Sunnex Group, and others.
Detailed Segmental Analysis
The global surgical lights market has been segmented on the basis of technology, type, application, and end users.
By mode of type, the global surgical lights market has been segmented into examination lights and surgical lights.
By mode of technology, the global surgical lights market has been segmented into halogen and LED lights.
By mode of application, the global surgical lights market has been segmented into endoscopy procedures, surgical suites, dental procedures, and others.
By mode of end-users, the global surgical lights market has been segmented into ambulatory surgical centers, hospital operating rooms, and procedure rooms.
Surgical Lights Market – Potential and Pitfalls
As surgical lights are important medical devices, their applications in other verticals are less impactful for the growth. With the extensive use of surgical lights both for major as well as minor surgical procedures, the global surgical lights market is considered to flourish.
The augmenting demand for the latest technologies in surgical lighting has also contributed to the market growth to a great extent. Moreover, with the increasing number of surgical light manufacturers, the market is considered to expand.
Factors such as initiatives from the government to support the implementation of energy-efficient surgical lamps are further gearing up the market growth. Additional factors promoting the market growth are the augmenting need for advanced applications of cost-saving surgical lights.
Technologies enabling the cost-effective production of such surgical lights have also fostered the market expansion globally.
On the flip side, the high cost of surgical lights is considered to dampen the market growth throughout the assessment period. Moreover, the lack of trained professionals has estimated to slow down the market growth in the coming years.
The high cost of LEDs and CFLs along with the implications caused by the extensive exposure are likely to restrict the market growth among the consumers.
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Surgical Lights Market – Regional Insights
Geographically, the surgical lights market span across regions namely, America, Europe, Asia Pacific, and the Middle East & Africa.
Among all the regions, the American region is considered to occupy the largest market share owing to the extensive use of LED surgical lights in ambulatory surgical centers and operating rooms.
The growth is further credited to the augmenting demand for the latest technologies in surgical lighting, accelerating a number of surgical procedures, and growth of medical devices in developed economies such as the U.S. Canada is predicted to experience the fastest growth rate with the rapid development of the healthcare technology coupled with an increased number of specialty care services.
The European region is presumed to expand at a significant rate and is likely to retain its dominance. The growth is credited to the rising number of surgical light distributors and suppliers coupled with a high demand for operating room lighting in this region.
Moreover, with the presence of economies such as the U.K., Germany, and France as the major contributors due to the presence of market giants, the market in this region is considered to flourish.
The Asia Pacific region is predicted to exhibit an exponential growth rate owing to the growing number of surgical procedures and initiatives from the government which have a synergistic impact on the regional market.
Additional factors promoting the market growth are accelerating demand for an LED lighting system in operating rooms and increased focus on the quality of surgical lights. Moreover, with the growth of the medical tourism sector in economies like India, the market is considered to propel in an upward direction.
Industry Updates
February 01, 2019: A leading provider of medical illumination devices and technology, BihlerMED will be showcasing their latest technical engineering, in product design, product testing, and R&D at the annual meeting of the American Association of Orthopedic Surgeons in New Orleans.
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