The High Adoption of LED Technology, coupled with the Rising Number of Hybrid Operation Theatres is Set to Propel the Growth of the Global Surgical Lights Market at a CAGR of 4.70%

Surgical Lights Market Research Report - Global Forecast till 2030

Overview

The global surgical lights market will grow at a CAGR of 4.70% during the forecast period 2022-2030. The market for surgical lights is set to reach USD 2.8 billion by 2030. As per surgical lights market analysts, the global market is anticipated to witness growth owing to the factors such as high adoption of LED technology in medical lighting as well as advancement in hospital operating rooms. However, the surgical lights market will face challenges and restraints due to increasing number of product recalls and quality issues during the forecast period 2022-2030.

The rise in OT facilities around the world in the surgical lights market will support the growth. As per surgical lights market analysts, the surgical lights market based companies will face certain challenges during the forecast period 2016 to 2025. The surgical lights market research report provides in-depth analysis of the application, type, technology, and end-users segments. The surgical lights market research report presents factors such as restrictions due to quality concerns that could slow down the surgical lights market's growth.

Market Segmentation

The surgical lights industry has been segmented into application, type, technology, and end-users. Based on the segment which is type, the market is categorized on the basis of surgical lights (mobile surgical lights, surgical headlights, wall mounted, ceiling mounted), examination lights (endoscope light vein light, general exam light, medical pen light). The global market for surgical lights is further segmented based on technology into light emitting diode, halogen light. Furthermore, the market, on the basis of application is segmented into dental procedures, endoscopy procedures, surgical suites, and others. Based on the segment which is end-users, the market is categorized on the basis of ambulatory surgical centers, hospital operating rooms, and procedure rooms.

The market for surgical lights report offers comprehensive study of the surgical lights market segments including application, type, technology, and end-users. The analysts have also studied the surgical lights market's spread across the regional markets across many of the surgical lights market’s segments at country levels. The application, type, technology, and end-users segments spread across the surgical lights industry along with the subsegments are studied. The global market for surgical lights is spread across various product and service based segments. The global surgical lights market research report highlights these key segments and offers forecasts based on primary and secondary data. The global surgical lights market research report presents key company profiles of organizations active across the surgical lights market.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Surgical Lights Market Research Report

Regional Overview

The rise in instances of product malfunctions may hinder the surgical lights market growth. The surgical lights market research report suggests that companies in the surgical lights could be supported by the growing number of surgeries carried out on a typical day as well as the advancement in medical technology during the forecast period. The surgical lights market is set to register growth at a high CAGR owing to these key factors. The surgical lights market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per surgical lights market analysts, the surgical lights market is set to witness tremendous growth across application, type, technology, and end-users segments. The global surgical lights market’s North American region covers surgical lights markets across the United States, Mexico, Canada, and others. Businesses present in the surgical lights market are also profiled and their strategies have been presented in detail in the surgical lights market research report.

The surgical lights industry across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the surgical lights market research report provides details about the APAC region covering surgical lights markets from China, India, Australia, Japan, and others. The surgical lights market is also active across several other parts of the world. The surgical lights market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global surgical lights market.

Competitive Landscape

Surgical lights has seen tremendous growth, due to the integration of cutting-edge tools and other devices and the surge in OT numbers across several regions. However, product recalls and time consuming approval process would challenge the companies active in the surgical lights market. Furthermore, companies using growth strategies to stay ahead in the global surgical lights market are expected to help the market during the forecast period 2016 to 2025. As the surgical lights market report suggests that the surgical lights market will register a CAGR of 5.30% and reach a US$929.43 million by 2025, the market report highlights key areas surgical lights market based companies need to focus on. The surgical lights market research report projects a long term growth till 2025. Based on surgical lights market’s analysis on the basis of SWOT and Porters’ Five Force Model, the surgical lights market will rise during the forecast period 2016 to 2025, however the companies need to move ahead with caution. The surgical lights market research report highlights such key areas.

Market Research Future (MRFR) recognizes KONINKLIJKE PHILIPS N.V. (Netherlands), A-dec Inc. (US), CV Medical (US), Herbert Waldmann GmbH & Co. KG (Germany), STERIS plc (Ireland), Hill-Rom Services Inc. (US), Integra LifeSciences Corporation (Israel), S.I.M.E.O.N. Medical GmbH & Co. KG (Germany), Getinge AB (Sweden), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Skytron, LLC (US), Stryker (US), Technomed India (India), Sunnex Group (Sweden), and BihlerMED (US), as the Key Players in the Global Surgical Lights Market.

Industry News

The Orthopedics giant Stryker has announced a firm deal to purchase $7.40 per common stock share or about $190 million total from Invuity, an innovative photonics and surgical lighting enterprise. That is Stryker's second acquisition since it purchased K2M for approximately 1.4 billion dollars, or 27.50 dollars per share, late last month. Invuity, headquartered in San Francisco, California produces single-use illuminators for a broad variety of clinically relevant applications, including orthopaedic and spinal operations, general operations, and women's health care.