Surgical Lights Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Surgical Lights Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : September, 2019 | Medical Devices | PPT format

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Global Surgical Lights Market: Overview

Surgeons who work in poor light settings and with limited resources at the operation theatre complain off insufficient surgical lighting a threat to patient’s life and well-being. Often many of the surgeries have been called off due to poor lighting at the operation theatre. Considering such light arrangements in many of the operation theatres, development and allocation of high-quality, economic and sound surgical headlights is the need of the hour. It could provide perfect solution for such important issues during surgery.

With the growing demand for a balance between shadow management and luminance of light, the demand for surgical lights is likely to rise in years to come, which will subsequently propel the growth of the global surgical lights market.

Product, technology, application, end-user, and region comprise the segments of the global surgical lights market.

Global Surgical Lights Market: Notable Developments

Some of the leading developments in the global surgical lights market arelisted below:

  • In April 2019, Getinge Group made an announcement of its newest addition to the portfolio of surgical lights. Maquet PowerLED II surgical lights are now available commercially in the US. These surgical lights are to all types of operating rooms, both general and hybrid. They provide remarkable features that assist in the illumination of all types of surgical procedures. High-end LEDs power these surgical lights and they can be adjusted to provide different colored lights, which is something that is extremely advantageous for the minimally invasive procedures.

BihlerMED, Getinge AB,KONINKLIJKE PHILIPS N.V., S.I.M.E.O.N. Medical GmbH & Co. KG, and Shenzhen Mindray Bio-Medical Electronics Co.are some of the noteworthy players operating in the global surgical lights market.

Global Surgical Lights Market: Growth Drivers

Growing Need to Perform Better in OTs Bolster Market Demand

Global surgical lights market is primarily driven by the demand for better products with latest technologies incorporated into it. Over the past few decades, efforts for the development of new medical devices have intensifies, mainly due to the rapidly expandingengineering and scientific knowledge. The outcome of such efforts has been pacemaker, dialysis machine, the laser, Da Vinci surgical system and others.

Doctors and their associates need maximum assistance to help them do better in the operation theatre. Thus, hospitals are installing the best quality products in operating rooms. This is likelyto ensure high growth for the global surgical lights market.

Surgical lights illuminate the site for surgery so as to offer optimal visualization of low-contrast, small objects at varying depths in body cavities and incisions.The latest generation of surgical lights uses LEDs for their light source for their capability to reduce energy radiation and remove heat radiation.

Global Surgical Lights Market: Regional Outlook

Global surgical lights market has been segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific.

The surgical light market in North America is fuelled by wide use of LED surgical lights in ambulatory surgical centers and operating rooms. The growth of the North America surgical lights market is primarily ascribed to the rising number of surgical procedures,and progress made in the medical device sector of developed countries like the U.S.

According to the findings of a study bythe Agency for Healthcare Research and Quality, 10 milliontherapeutic and 11 million invasive surgeries were conducted in 2014. These surgeries were carried out in inpatient and ambulatory settings.

The U.S. Government has been taking favorable initiatives to support innovation in the field of medical sector. For instance, a medical device company Soliton Inc. received the status of “small business” designation under Medical Device User Fee Amendments. This status would qualify Soliton Inc. for a waived or reduced fee for medical device submissions. With medical device sector gaining impetus from such government initiatives, the global surgical lights market is sure to gain traction across the health care industry during the period of assessment.

The global surgical lights market is segmented as:

Product

  • Surgical Lights
  • Examination

Technology

  • LED   
  • Halogen Lights

Application

  • Surgical Suites
  • Endoscopy Procedures
  • Dental Procedures

End-User

  • Hospital Operating Rooms

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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