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 : February, 2020 | Medical Devices | PPT format

Report Digest


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 a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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