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 : October, 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

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?