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Surging Demand For Enhanced Healthcare Facilities Drives Growth In The Medical Lighting Technologies Market: A Key Catalyst Accelerating Medical Lighting Technologies Market Growth in 2025
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Medical Lighting Technologies Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a significant expansion in the market size of medical lighting technologies in the past few years, with projections indicating growth from $3.37 billion in 2024 to $3.63 billion in 2025, representing a Compound Annual Growth Rate (CAGR) of 7.7%. Factors contributing to the growth during the historical period include a surge in healthcare infrastructure development, improved surgical procedures, an increased number of minimally invasive operations, growing emphasis on patient comfort, and increased demand for energy-efficient solutions, coupled with an overall rise in global healthcare expenditure.
Medical Lighting Technologies Market Size Forecast: What's the Projected Valuation by 2029?
The market size of medical lighting technologies is anticipated to witness substantial growth in the upcoming years. Predictions indicate that it will escalate to $5.1 billion by 2029, with a compound annual growth rate (CAGR) of 8.9%. This growth during the forecast period can be associated with a shift to human-centric lighting, progress in color rendering, the adoption of telemedicine and remote healthcare trends, emphasis on environmental sustainability, and improvements in operating room lighting. The forecast period is also likely to see major trends like the predominance of LED technology, progress in surgical lighting, incorporation of smart lighting solutions, UV-C sterilizing lighting, cooperative efforts for technological integration, and lighting solutions for telemedicine and video conferencing.
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What Are the Drivers Transforming the Medical Lighting Technologies Market?
The medical lighting technologies market is anticipated to experience significant growth due to the rising need for superior healthcare amenities. Healthcare facilities encompass residential care institutions, nursing centers, intermediate care facilities for those suffering from mental illnesses or mental retardation. Lighting plays a pivotal role in healthcare scenarios, particularly in Intensive Care Units, operating rooms, and other crucial areas. It ensures a safe and comfortable environment for patients, staff, and visitors. For instance, according to the Ministry of Health and Family Welfare, a government department in India, as of December 2022, there were around 150,000 Ayushman Bharat Health and Wellness Centers (AB-HWCs) across the country. Therefore, the growing demand for improved healthcare facilities is propelling the expansion of the medical lighting technologies market.
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What Long-Term Trends Will Define the Future of the Medical Lighting Technologies Market?
The rise of advanced technologies is a predominant trend gaining traction in the sector of medical lighting technologies. Leading firms in this market are fixated on creating new, technologically advanced solutions in order to maintain a competitive advantage. For instance, in August 2024, a healthcare company called Getinge based in Sweden introduced advanced operating room tables and surgical lights specifically designed for the Indian medtech market. This step was aimed at enhancing surgical workspaces and delivering improved patient care. Maquet PowerLED II, a shadow-free, true-color illumination tool, ensures the accuracy of surgical operations. Additionally, it offers a Comfort Light feature, minimizing visual fatigue and glare for surgeons, thus improving the working conditions.
Which Segments in the Medical Lighting Technologies Market Offer the Most Profit Potential?
The medical lighting technologies market covered in this report is segmented -
1) By Product: Surgical Lamps, Examination lights, Specialty lights, Accessories
2) By Technology: LED, Halogen, Incandescent, Other Technologies
3) By End-User: Hospitals, Outpatient Facilities, Dental Hospitals, Other End-User
Subsegments:
1) By Surgical Lamps: LED Surgical Lamps, Halogen Surgical Lamps, Mobile Surgical Lamps, Fixed Surgical Lamps
2) By Examination Lights: LED Examination Lights, Portable Examination Lights, Wall-Mounted Examination Lights, Ceiling-Mounted Examination Lights
3) By Specialty Lights: Dental Operating Lights, Dermatology Lights, Endoscopy Lights, ENT Examination Lights
4) By Accessories: Light Control Systems, Light Mounting Systems, Replacement Bulbs, Diffusers And Filters
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Which Firms Dominate the Medical Lighting Technologies Market by Market Share and Revenue in 2025?
Major companies operating in the medical lighting technologies market are A-Dec Inc., Brandon Medical Company Limited, Burton Medical LLC, Daray Limited, Draegerwerk AG & Co KGaA, Eaton Corporation PLC, Excelitas Technologies Corporation, GE HealthCare Technologies Ltd., Getinge AB, Integra Lifesciences Holdings Corporation, KLS Martin SE & Co., Merivaara Corporation, Steris PLC, Stryker Corporation, Trilux GmbH & Co KG, Welch Allyn Inc., Johnson & Johnson Services Inc., 3M Company, B. Braun Melsungen AG, Hill-Rom Holdings Inc., Hospedia Medicare Pvt. Ltd., Acuity Brands Lighting, Inc., Kenall, Aleddra, Inc., Clear-Vu Lighting, Waldmann Lighting, Visa Lighting, Lumitex, TLV Healthcare, New Star Lighting
Which Regions Offer the Highest Growth Potential in the Medical Lighting Technologies Market?
North America was the largest region in the medical lighting technologies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical lighting technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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