Press release
Medical Lighting Technologies Market 2023 - Market Size, Share, Latest Trends, Key Players And Forecast To 2032
Medical Lighting Technologies Market Analysis
The Business Research Company's Medical Lighting Technologies Global Market Report 2023 identifies the increase in demand for better healthcare facilities as the major driver for the medical lighting technologies market's growth in the forecast period. Healthcare facilities refer to residential care institutions, nursing facilities, intermediate care facilities for people with mental illnesses, or intermediate care facilities for people with mental retardation. Lighting is critical in the healthcare setting since it is used in ICUs, operating rooms, and other critical places. High-quality lighting is required to offer a secure and comfortable atmosphere for patients, hospital personnel, and visitors.
The global medical lighting technologies market size is expected to grow from $2.94 billion in 2022 to $3.19 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical lighting technologies market size is expected to grow to $4.31 billion in 2027 at a CAGR of 7.8%.
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Major competitors in the medical lighting technologies market are A-Dec Inc., Brandon Medical Company Limited, Burton Medical LLC, Wolfspeed Inc., Daray Limited, Draegerwerk AG & Co KGaA, Eaton Corporation plc.
A key trend in the medical lighting technologies market includes technological advancement. Major companies operating in the medical lighting technology market are focused on developing new technological solutions to gain a competitive edge in the market. For instance, in January 2020, Gentex Corporation, a US-based electronics, and technology company, unveiled an innovative lighting technology for medical applications. The Gentex smart lighting system consists of a number of flushes, ceiling-mounted lighting modules with banks of dynamically changeable LED arrays that work together to direct concentrated illumination where and when it is required. The system creates a target lighting zone using vocal commands, hand motions, or a handheld tracking device.
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The medical lighting technologies market is segmented -
1) By Product: Surgical Lamps, Examination lights, Speciality lights, Accessories
2) By Technology: LED, Halogen, Incandescent, Other Technologies
3) By End-User: Hospitals, Outpatient Facilities, Dental Hospitals, Other End-User
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the medical lighting technologies market.
The Business Research Company's "Global Medical Lighting Technologies Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Medical Lighting Technologies Market Include:
1. Executive Summary
2. Medical Lighting Technologies Market Characteristics
3. Medical Lighting Technologies Market Trends And Strategies
4. Medical Lighting Technologies Market - Macro Economic Scenario
5. Medical Lighting Technologies Market Size And Growth
…
26. Africa Medical Lighting Technologies Market
27. Medical Lighting Technologies Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Lighting Technologies Market
29. Medical Lighting Technologies Market Future Outlook and Potential Analysis
30. Appendix
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