Press release
Global Surgical Lamps Market: North America to Dominate by Attaining US$ 310,125.8 Thousand Value by 2020.
The report on global market for surgical lamps comprises of global market study devised by Persistence Market Research for 2014 to 2020 forecast period. The global market for surgical lamps continues to portray impressive growth and is expected to retain it throughout the forecast period.
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The report signifies the importance and use of surgical lamps, emphasizing their usage solely as medical devices. Surgical lamps are known to provide ideal illumination during surgeries and other invasive medical procedures such as dental surgery, optical surgery, endoscopic surgery and neurosurgery. The high-intensity shadow-free light emitted by surgical lamps illuminates smallest of cavities and low contrast objects in the patient’s body during surgeries. Gaining prominence of surgical lamps in ambulatory surgical centers (ASCs) and operation theaters in hospitals has been noted in the report.
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The report identifies factors that impact the dynamics of the global surgical lamps market. Innovative imaging solutions, technological advancements, and enhancement of light emissions are some of the key drivers promoting the use of surgical lamps in healthcare facilities. The brimming number of surgeries recorded around the world are catalyzing rampant growth for the global surgical lamps market. A crucial factor endorsing the use of surgical lamps is healthcare organizations spending more capital on developing and designing advance surgical lamps, considering their energy efficiency and greenhouse gas footprint. Medical professionals continue to be staunch proponents of surgical lamps as it avoids the risks of visual imparity for surgeons and improper surgical incision in patient’s body. However, operational costs, heat radiation and replacement of existing surgical lamps with LEDs is hindering the growth of global surgical lamps market.
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A regional overview of the global surgical lamps market, included in the report, distinguishes the growth of the global market into key regions such as North America, Asia, Europe and Rest of the World (RoW). North America, among them, is slated to dominate the global market for surgical lamps primarily due to the soaring amount of surgeries undertaken in the US. Medical or health tourism in the US continues to bolster its healthcare industry, with surgeries being one of the prominent medical procedure preferred by expatriate patients. Innovative applications of surgical lamps is also orchestrating the dominance of North America in the global market. The report also mentions how government initiatives towards development of advanced surgical lamps is promoting the presence of Europe in the global market. Aging demographics and surgeries associated to them are brimming in Europe, accentuating its contribution to global surgical lamps market. For Asia, Southeast Asian countries, Japan and China are witnessing higher production of cost-effective and efficient surgical lamps. Prevalence of chronic diseases in several Asian countries have supported the region’s prowess in the global market for surgical lamps.
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Research Methodology
To deduce the global surgical lamps market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by technology-types, type of light, and product-types; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global surgical lamps market.
The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global surgical lamps market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.
Another key feature of this report is an analysis of the global surgical lamps market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global surgical lamps market. Further, to understand key segments in terms of their growth and overall global surgical lamps market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global surgical lamps market.
Some of the major players in the surgical lamps market:
Stryker Corporation.
KLS Martin Group.
Integra LifeSciences Corporation.
Koninklijke Philips N.V.
A-dec, Inc.
Steris Corporation.
Skytron.
Welch Allyn.
Herbert Waldmann GmbH & Co. KG.
DRE INC.
Other
These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.
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