Surgical Lights Market - United States
Surgical Lights Market Rising in United States and United Kingdom | Fortune Business Insights
The global surgical lights market size is expected to showcase an exponential growth by reaching USD 852.8 million by 2027 while exhibiting a CAGR of 4.6% between 2020 and 2027. The growth is attributable to the increasing demand for advanced healthcare facilities and the increasing technological advancements in surgical lights across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Surgical Lights Market Size, Share & Industry Analysis, By Technology (LED, and Halogen), By End User (Hospitals & ASC’s, Specialty Clinics, and Others (Procedure Rooms, etc.)) and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 596.9 million in 2019 and is likely to gain momentum in the forthcoming years.
Surgical lights or operating lights are generally adopted in hospital operating rooms and several ambulatory surgery centers that provide optimum quality lighting for surgical procedures. There are two types of illuminating lights such as LED and halogen that are widely adopted across several hospitals. They further provide efficient visualization that allows the surgeon to complete various surgeries with high proficiency. Additionally, they are configured on the wall, ceiling, or floor stand as per the illumination requirement in the operation theatre.
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DRIVING FACTORS:
Increasing Demand for Advanced Healthcare Facilities to Promote Growth
The medical industry is tremendously evolving with the influx of several private players and the growing public-private partnerships. However, there are certain limitations such as prolonged waiting time for availing treatment, several unmet medical needs, and less penetration of medical services in underdeveloped regions. These factors are propelling the demand for advanced healthcare facilities across the globe. Additionally, increasing government funding and favorable policies are expected to aid in the development of healthcare systems across the globe. This is expected to boost the growth of the global surgical lights market during the forecast period.
Increasing Surgical Procedures to Favor Growth
The increasing prevalence of chronic disease and the rising per capita healthcare expenditures are driving the demand for surgical procedures across the globe. The massive increase in surgical procedures such as cardiovascular, dental, and neurological are boosting the adoption of these lights for a longer duration in the operation theatre. For instance, according to the data by Eurostat, in 2017, around 4.7 million cataract surgeries were conducted across several EU member states. The increasing adoption of surgical procedures is expected to contribute to the global surgical lights market growth during the forecast period.
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What does the Report Include?
The global market for surgical lights report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
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COMPETITIVE LANDSCAPE
Major Companies Launch Innovative Products to Strengthen Their Product Portfolio
The market is consolidated by the dominance of major players such as Hillrom Services Inc., Getinge AB, and Stryker. This dominance is attributable to a strong brand presence and the introduction of innovative surgical lights products by these companies. The other key players are adopting strategies such as merger and acquisition, partnership, and collaboration that is anticipated to bode well for the global operating lights market growth during the forecast period.
List of the Companies Operating in the Global Market:
· HillRom Services Inc. (Indiana, United States)
· Stryker (Michigan, United States)
· Getinge AB (Sweden)
· Steris plc. (Ohio, United States)
· S.I.M.E.O.N. Medical GmbH & Co. KG (Tuttlingen, Germany)
· Technomed India (Chennai, Tamil Nadu)
· Skytron (MI, United States)
· BihlerMED (Phillipsburg, New Jersey)
· Dr. Mach GmbH & Co. KG (Ebersberg, Germany)
· Other Players
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