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Surgical Light Market Expected To Trigger A Revenue To $2.2 Billion By 2026 | Grand View Research, Inc.

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Surgical Light Market Expected To Trigger A Revenue To $2.2 Billion By 2026 | Grand View Research, Inc.

October 08
17:06 2020
Surgical Light Market Expected To Trigger A Revenue To $2.2 Billion By 2026 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global surgical light market size was estimated at USD 1.5 billion in 2018 and is anticipated to expand at a CAGR of 4.6% over the forecast period.

The global surgical lights market size is expected to reach USD 2.2 billion by 2026, registering a CAGR of 4.6% during the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for latest technologies to provide patients the best possible care coupled with rising number of surgical procedures around the globe is expected to fuel the growth.

Surgical lights are mainly used in Ambulatory Surgery Centers (ASCs) and hospitals. They are used by surgeons, clinicians, and proceduralists for optimal visualization during a medical procedure. The lights can also be used in emergency rooms, labor and delivery, and examination rooms. A rise in the number of surgeries due to the high prevalence of cardiovascular diseases, neurological disorders, and accidents and trauma cases is anticipated to drive the demand for surgical lights in the forthcoming years. According to a 2016 report of the World Health Organization (WHO), the number of surgeries increased by ~40% from 2004 to 2012.

North America and Europe have led the surgical light market in terms of both the revenue and volume share, owing to the availability of a large number of advanced and progressive healthcare facilities and growing number of ambulatory surgery centers in the regions. In Asia Pacific, the adoption of surgical lights is rising at a significant rate, due to increasing number of well-equipped healthcare facilities in the region.

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Global surgical lights market size, by technology, 2015 - 2026 (USD Billion)

Surgical Light Market Report Highlights

l  Hospitals and ambulatory surgical centers prefer LED surgical lights due to advantages over halogen lights, such as energy-efficiency, less energy consumption, and longer shelf life

l  Government initiatives for promoting the adoption of energy-efficient surgical lamps in hospitals and ambulatory surgical centers along with increasing R&D efforts for advancements in surgical lights is driving the market

l  North America dominated the market with the largest revenue share of 38.7% in 2018. This is due to the increasing number of ambulatory surgical centers for outpatient surgical procedures and growing trend for hybrid operating rooms in U.S.

l  Asia Pacific is expected to witness the fastest CAGR of 6.4% over the forecast period. Improvement of healthcare infrastructure is attributed to the increasing demand for surgical devices, equipment, and accessories

l  Few of the surgical lights market players are STERIS plc; A-dec Inc.; BihlerMED; CV Medical; SKYTRON; Herbert Waldmann GmbH & Co. KG; Getinge AB; Hill-Rom Services; S.I.M.E.O.N. Medical GmbH & Co. KG; and Integra LifeSciences Corporation

Global surgical lights market size, by end use, 2018 (%)

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Surgical Light Market Segmentation

Grand View Research has segmented the global surgical light market based on product technology, application, end use, and region:

Surgical Lights Technology Outlook (Revenue, USD Million, 2015 – 2026)

  • LED Lights
  • Halogen Lights

Surgical Lights Application Outlook (Revenue, USD Million, 2015 – 2026)

  • Cardiac Surgery
  • Neurosurgery
  • Gynecological Surgery
  • ENT Surgery
  • Others

Surgical Lights End Use Outlook (Revenue, USD Million, 2015 – 2026)

  • Hospital Operating Rooms
  • Ambulatory Surgical Centers
  • Others

Surgical Lights Regional Outlook (Revenue, USD Million, 2015 – 2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Spain
    • Italy
    • France
    • RoE
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • RoAPAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • RoLATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • RoMEA

Key Topics Covered 

Table of Content

Chapter 1. Methodology and Scope
                  1.1. Market Segmentation & Scope
                      1.1.1. Technology
                      1.1.2. Application
                      1.1.3. End-use
                      1.1.4. Regional scope
                      1.1.5. Estimates and forecast timeline
                  1.2. Research Methodology
                  1.3. Information Procurement
                      1.3.1. Purchased database
                      1.3.2. GVR’s internal database
                      1.3.3. Secondary sources
                      1.3.4. Primary research
                  1.4. Information or Data Analysis
                      1.4.1. Data analysis models
                  1.5. Market Formulation & Validation
                  1.6. Model Details
                      1.6.1. Commodity flow analysis (Model 1)
                 Approach 1: Commodity flow approach
                      1.6.2. Volume price analysis (Model 2)
                 Approach 2: Volume price analysis
                  1.7. List of Secondary Sources
                  1.8. List of Primary Sources
                  1.9. Objectives
                      1.9.1. Objective 1: Understanding the market dynamics
                      1.9.2. Objective 2: Understanding the market estimates and forecasts
                      1.9.3. Objective 3: Understanding the attributes such as strategy framework, competitor categorization
                      1.9.4. Objective 4: Understanding the key product and application scopes to conclude on the market size
Chapter 2. Executive Summary
                  2.1. Market Outlook
                  2.2. Segment Outlook
                  2.3. Competitive Insights

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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