Surgical Lights Market report reviews to reach $3,838 million at 4.5% CAGR by 2026 | A-dec Inc., BihlerMED, CV Medical, Skytron, Herbert Waldmann GmbH & Co., Getinge AB
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 Market by Type (Halogen and LED Lights) and Application (Cardiac Surgery, Gynecological Surgery, Neurosurgery, ENT Surgery, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026."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.
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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.
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.
North America to maintain its top status in terms of revenue-
North America accounted for the majority of the market share in 2018, and is anticipated to continue this trend during the forecast period. In addition, it is generally perceived that the overall quality of medical services in North America is higher than in the rest of the world.
However, Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. Its growth is supplemented by increase in demand for healthcare infrastructure, rise in the number of hospitals in emerging countries, increase in healthcare reforms, and technological advancements in the field of healthcare.
In addition, India and China are anticipated to grow at the fastest CAGR during the forecast period, owing to the presence of highest population base and significant surge in various disorders such as cardiac, neurological, ENT disorders, and others.
Key Findings of the Study:
By type, the halogen segment accounted for the highest market share of 55% in 2018 and is anticipated to grow at the fastest rate during the forecast period.
By region, North America was the major shareholder and accounted for the highest share of 36% in 2018.
By application, gynecological surgery segment is expected to grow at a CAGR of 13.6% during the forecast period.
By region, the Asia-Pacific segment is anticipated to grow at the fastest rate during the forecast period.
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Leading players in the market-
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
Surgical lights Market Regional Analysis:
North America (Canada, Mexico)
Europe (Germany, France, Italy, Spain)
Asia-Pacific (Japan, China, India, Australia)
LAMEA (Brazil, Saudi Arabia, South Africa)
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This report covers all the essential information required to understand the key developments in the Surgical lights Market and growth trends of each segment and region. It also includes a basic overview and revenue and strategic analysis under the company profile section.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry
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