Surgical Lights Market Is Expected Significant Growth, Forecast From 2022 to 2028
The global Surgical Lights Market is expected to reach USD 3,301.7 Million by the year 2028, 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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Further key findings from the report suggest
- According to World Health Organization statistics given, in 2020, it is expected that the number of persons aged 80 years or over is projected to triple, from 143 million in 2020 to 426 million in 2050. The increase in the incidences of the joint replacements required for the geriatric population is expected to fuel the market growth in the coming years.
- The LED lights being a revolutionary advancement in the market are expected to enroll maximum growth, as the intensity of light emitted can be controlled according to the requirement while operating, which is convenient for both patients and the medical practitioner.
- The market players are involved in collaboration and partnership as a part of the strategic initiative. For instance, in February 2018, BihlerMed came into partnership with View Medical and introduced advancement in the surgical lights that are SurgiLight, which is an alternative to headlamps and overhead lights, providing versatile, safe illumination precisely focused for specific surgical procedures. The innovations fulfilling the need of the market are expected to grow in the near future.
- New product launches is among the most utilized strategic initiative observed in this market. For instance, the product launch in the last quarter of 2018, by Dentsply Sirona SiroLaser Blue in the United States, is the first dental diode laser that emits blue light at a wavelength of 445 nanometers (nm), which is well absorbed by soft-tissue (i.e., hemoglobin and melanin and hence enables fast, precise and virtually painless cutting. The increase in the advancements of the devices according to the requirement is expected to propel the growth of the market in the forecast period.
Competitive Outlook of the Global Surgical Lights Market
The globla Surgical Lights market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Surgical Lights market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers & acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
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.
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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
Surgical Lights Market Segmentation:
Product Outlook (Revenue in Million USD; 2018–2028)
- Ceiling Mounted
- On floor stand
- Wall Mounted
- Mobile Surgical Light System
- Surgical Headlight
Technology Outlook (Revenue in Million USD; 2018–2028)
- Conventional (Incandescent)
- Renewable energy sources
Application Outlook (Revenue in Million USD; 2018–2028)
- Endoscopic Surgery
- Dental surgery
End-Use Outlook (Revenue in Million USD; 2018–2028)
- Ambulatory Surgical Centers
- Hospitals & Clinics
- Examination Rooms
Geographic Segment Covered in the Report:
The Surgical Lights report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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