Global Surgical Lights Market by End User (Hospital Operating Rooms, Ambulatory Surgery Centers), by Technology (Halogen, LED), by Application (Gynecological, Cardiac) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global surgical light market was valued at USD 1.5 billion in 2018. It is expected to grow at a CAGR 4.6% during the forecast period. Growth is being driven by the increase in hospitals and aging population as well as the prevalence of lifestyle diseases. The market will continue to grow if there is a better healthcare infrastructure.

The demand for surgical lamps will rise due to a rising number of operating room equipment approvals and a growing focus on providing better patient care in different facilities. The market for surgical lights is expected to grow due to factors such as increasing product availability, high demand from surgeons and healthcare professionals for well-equipped operating room, and accessibility to healthcare facilities in emerging economies.

The major drivers of growth in the surgical lights market are the growing number of hospitals in developing nations and the acceptance of advanced LED surgical light. According to data from the India Brand Equity Foundation, (IBEF), India's tier-1 hospitals accounted for 40% of all Indian hospitals. This figure is expected to continue growing due to both public and private funding, favorable government policies such as the exemption of taxes and duties on imported medical systems, and the subsidized rates that are available for hospital establishments. This will likely increase the demand for high-quality LED surgical lights in India.

The market is also driven by initiatives taken by the Indian government and Chinese governments to improve healthcare. Subsidies to organizations for investment in medical facilities and increased investments in healthcare institutions are some of the key factors driving growth. The market growth may be slowed by the high cost of installing advanced LED lights, and a lack of knowledge about these new installations.

Technology Insights

The market can be divided into LED and halogen lights based on technology. Because of their widespread and easy availability, halogen lights dominated the market at 55.7% in 2018. However, LED lights will be expected to grow at 6.8% CAGR over the forecast period. This is due to increased awareness and incentive programs to encourage large healthcare facilities to invest LED lighting, as well as rising efforts to improve patient experience. The market is expected to grow rapidly due to the increasing popularity of medical tourism in developing countries.

Application Insights

The market for surgical light is divided by application into gynecological, neurosurgery and ENT surgery. In 2018, the market share for the other segment was 76.8%. Due to increasing incidence of heart disease, the segment of cardiac surgery is expected to grow at 6.2% per year. According to data from the World Health Organization (WHO), 37% of premature deaths worldwide are due to Cardiovascular Diseases (CVDs).

Due to an increasing number of C-sections performed worldwide, gynecological surgery is second in market share. The Centers for Disease Control and Prevention reported that in 2017, 1,232.339 C-sections were performed in the United States. This is due to the increasing prevalence of female reproductive disorders.

End-Use Information

The market can be divided by end-use into hospital operating rooms (ASC), and ambulance Surgical Centers. The largest market share for the future is expected to be held by the hospital operating rooms segment due to the growing number of hospitals around the globe that are well-equipped. This is expected to be driven by hospitals' increasing interest in upgrading their Operation Rooms (ORs). The growth is also expected to be driven by the rising demand for hybrid and advanced ORs, and increased infrastructure investments for better treatment.

The fastest growing segment of ambulatory surgical centers is 5.8%. This forecast period will see a significant increase in their growth. This is due to the demand for outpatient surgical centers that provide better healthcare, affordable treatment and early discharge than hospitals.

Market Share in Surgical Lights

STERIS plc, A-dec Inc., BihlerMED and CV Medical; SKYTRON. Herbert Waldmann GmbH & Co. KG. Getinge AB. Hill-Rom Services. S.I.M.E.O.N. Integra LifeSciences Corporation and Medical GmbH & Co. KG. These companies focus on various growth strategies such as mergers and acquisitions, partnerships, product portfolio expansion, and other options.

BihlerMED, an industry leader in surgical lights recently launched SurgiLight, a next-generation surgical lighting solution. This product offers enhanced illumination and is an alternative for overhead and headlamps.

Market Report Scope for Surgical Lights

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2015 to 2026. Grand View Research has divided the global surgical light market report by technology, region, end-use and application.

• Technology (Revenue USD Million, 2015-2026)

  • LED Lights

  • Halogen Lights

• Application (Revenue USD Million, 2015-2026)

  • Cardiac Surgery

  • Neurosurgery

  • Gynecological Surgery

  • ENT Surgery

  • Other

• End-Use Outlook, Revenue, USD Million, 2015-2026

  • Hospital Operating Rooms

  • Ambulatory Surgical Centers

  • Other

• Regional Outlook (Revenue USD Million, 2015-2026)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • Spain

    • Italy

    • France

    • E

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

    • APAC

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • RoLATAM

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • RoMEA

These are the most frequently asked questions about this report

b. Global surgical lights market was valued at USD 1.6 million in 2019, and is forecast to grow to USD 1.6 miliarde in 2020.

b. Global surgical lights market will grow at a compound annual rate of 4.6% between 2019 and 2026, to reach USD 2.25 billion by 2026.

b. With a 38.6% share in 2018, North America dominated surgical lights markets. This can be attributed to the rising number of ambulatory surgical centres for outpatient surgery procedures and the growing trend towards hybrid operating rooms in America.

b. b. Integra LifeSciences Corporation and Medical GmbH & Co. KG.

b. Market growth is being driven by a rise in hospitals and an aging population.

Up Market Research published a new report titled “Surgical Lights Market research report which is segmented by End User (Hospital Operating Rooms, Ambulatory Surgery Centers), by Technology (Halogen, LED), by Application (Gynecological, Cardiac), By Players/Companies STERIS plc; A-dec Inc; BihlerMED; CV Medical; SKYTRON; Herbert Waldmann GmbH & Co KG; Getinge AB; Hill-Rom Services; SIMEON Medical GmbH & Co KG; and Integra LifeSciences Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Surgical Lights Market Report Segments:

The market is segmented by End User (Hospital Operating Rooms, Ambulatory Surgery Centers), by Technology (Halogen, LED), by Application (Gynecological, Cardiac).

Surgical Lights Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Surgical Lights Market

Overview of the regional outlook of the Surgical Lights Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Surgical Lights Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Surgical Lights Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Hospital Operating Rooms

                2. Ambulatory Surgery Centers

                1. Halogen

                2. LED

                1. Gynecological

                2. Cardiac

9. Market scenario by region, sub-region, and country.
10. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
11. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
12. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Surgical Lights Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Surgical Lights Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.