Surgical lights Industry Is Expected to See Extensive Worldwide Growth | CV Medical, Getinge AB, A-dec Inc, Herbert Waldmann GmbH & Co, Hill-Rom Services

According to the report, the global surgical lights industry was estimated at $2.71 billion in 2018, and is projected to garner $3.83 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026.

Surgical lights are used to provide optimum required lighting in surgical suites. These lights irradiate the surgical site for ideal visualization of small, low-contrast objects at variable depths in incisions and body cavities. Further, these lights are designed to operate for prolonged periods deprived of radiating excessive heat. Conventional lamps used as surgical lights are typically gas-filled luminous lamps comprehending a certain proportion of halogen in an inert gas with a pressure beyond 3 atmospheres (atm). Few gas-discharge xenon-halogen lamps release light by transient electric current through gas. In addition, LED surgical lights consist of pods or modules, which are essentially small semiconductors that emit a narrow spectrum of light when excited by an electrical circuit.

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Drivers, restraints, and opportunities-

Significant rise in surgical procedures, and surge in technological developments in surgical lights drive the growth of the global surgical lights market. On the other hand,high cost of LED lights restrains the growth to some extent. However, various growth opportunities in emerging economies are expected to create a number of opportunities in the industry.

North America to maintain its top status in terms of revenue-

Based on geography, North America held the major share in 2018, garnering more than one-third of the global surgical lights market, owing to rise in prevalence of disorders such as cardiac diseases and gynecological diseases, among others. At the same time, the Asia-Pacific region would register the fastest CAGR of 5.3% during the study period. This is due surge in demand for healthcare infrastructure, rise in number of hospitals in emerging countries, increase in healthcare reforms, and increase in technological advancements in the field of healthcare.

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The Major Key Players Are:

CV Medical

Getinge AB

A-dec Inc

Herbert Waldmann GmbH & Co

Hill-Rom Services

BihlerMED

S.I.M.E.O.N

Medical GmbH & Co. KG

Steris plc

Skytron

The halogen segment to lead the trail till 2026-

Based on type, the halogen segment accounted for more than half of the global surgical lights market share in 2018, and is expected to rule the roost by the end of 2026. This is due to its wide usage in the hospital and ambulatory settings. On the other hand, the LED segment is projected to register the fastest CAGR of 4.6% during 2019–2026.

The cardiac surgery segment to dominate during the estimated period-

Based on application, the cardiac surgery segment accounted for nearly one-fifth of the global surgical lights market revenue in 2018, and is anticipated to maintain the lion's share from 2019 to 2026. In addition, the same segment is expected to grow at the fastest CAGR of 5.3% throughout the forecast period.The increased incidence of cardiovascular disorders and surge in surgical procedures for their treatment have fueled the growth of the segment.The market also analyses segments including gynecological surgery, neurosurgery, and ENT surgery.

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