Global Surgical Lamp Market Is Expected To Boost, Driven By Rapid Improvements In

Global Surgical Lamp Market Report, published by Variant Market Research, forecast that the global market is expected to reach $859 billion by 2024 from $602 billion in 2016, growing at a CAGR of 4.5% from 2016 to 2024. By geography, Asia-Pacific and North America are expected to grow at a CAGR of 5.2% and 4.5%, respectively, during the forecast period.

Increasing need for advanced applications of cost-saving surgical light lamps, rise in number of surgeries, rapid improvements in healthcare facilities, and rising technological advancements are the various factors supporting the growth of the global surgical lamp market. However, high costs of these lamps may hamper the market growth. Government initiatives supporting the implementation of energy-efficient surgical lamps would provide new business opportunities for the market players in the coming years.

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The global surgical lamp market has been segmented on the basis of product type, technology, type of light, and geography. By product type, the market is categorized into ceiling mount surgical lamp, surgical headlight lamp, dental light lamp, laser light, and others. Technology segment is sub-segmented into LED surgical lamps, CFL surgical lamps, and halogen surgical lamps. By type of light, the market is bifurcated into colour rendition light, homogenous light, special germicidal ultraviolet ray, vein light, and others. Ceiling mount surgical lamp and surgical headlight lamp accounted for majority of the share in the overall product type segment in 2016. LED surgical lamps dominated the technology segment accounting for the largest market share in 2016.

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North America, Europe, Asia-Pacific, and Rest of the world (RoW) are the geographical classifications of surgical lamp market. In 2016, North America accounted for the largest market share of 41.3% followed by Europe which accounted 28.4%. In terms of growth, Asia-Pacific is expected to grow at the fastest CAGR during the forecast period 2016 – 2024. The growth would be majorly driven by growth in geriatric population, and rising demand for energy-efficient and cost-effective lamps.

Major companies operating in the global surgical lamp market include, Steris Corporation, KLS Martin Group, DRE INC., Integra LifeSciences Corporation, Stryker Corporation, Skytron, A-dec, Inc., Waldmann GmbH & Co. KG, Koninklijke Philips N.V., Welch Allyn, and Herbert, among others.

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