The global examination lights market size is set to reach USD 259.6 million by 2026, exhibiting a CAGR of 3.5% during the forecast period. Increasing patient burden on healthcare facilities worldwide will act as the central growth driver for this market in the upcoming decade. The incidence of various kinds of diseases and disorders is rising at a rapid rate around the world. For instance, close to 463 million people were diabetic in 2019, according to the International Diabetes Federation (IDF). By 2045, IDF expects this number to reach 700 million. Similarly, the World Health Organization states that 18.1 million new cancer cases were reported in 2018 and the diseases caused 9.6 million deaths in the same year. Widespread prevalence of these chronic and life-threatening diseases has compelled governments across the globe to increase their healthcare spending. As a result, healthcare infrastructures globally are getting more robust and technologically advanced, making this factor one of the leading examination lights market trends.
Fortune Business Insights™, through its report, titled “Examination Lights Market Size, Share & Industry Analysis, By Technology (LED, and Halogen), By End User (Hospitals, Clinics, and Others) and Regional Forecast, 2019-2026”, states that the value of this market stood at USD 197.1 million in 2018. Besides this, the report also provides the following information:
- Profiles of the major players in the market;
- Noteworthy industry developments;
- Analysis of the different market segments;
- Research into the market trends, drivers, and restraints; and
- Evaluation of the current and future prospects in the market in general and in regions in particular.
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The Examination Lights Market report offers an in-depth analysis of the Examination Lights industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Examination Lights market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Examination Lights Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.
Examination Lights Market Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
Few Disadvantages of LED Lights to Put Constraints on Growth
Light Emitting Diodes or LEDs are a landmark advancement in lighting technology as these lights are extremely energy-efficient and have a significantly longer shelf-life compared to conventional halogen lights. However, they suffer from a few limitations which may hold back the examination lights market growth. For instance, the performance of LED lights is dependent on ambient temperature. High ambient temperatures may cause overdriving of LEDs and damage the device. To avoid this situation, effective heat-sinking mechanisms need to be deployed. This factor is vital in the healthcare industry as these lights need to function efficiently across different temperatures in a healthcare facility. Furthermore, LEDs are known to cause ‘blue pollution’ since they emit large quantities of blue light, which is the most intense form of visible light, thereby causing greater amount of light pollution.
Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
The Report offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Examination Lights market to figure out and study the market’s needs, market size, and competition.
North America to Occupy the Driver’s Seat; Asia-Pacific to Grow at a Considerable CAGR
With a market size of USD 63.8 million in 2018, North America is poised to dominate the examination lights market share in the forecast period. The main forces driving the growth of this market include increasing focus on early diagnosis of diseases, high prevalence of chronic disorders such as obesity, and active adoption of advanced healthcare technologies in the region.
Asia-Pacific is anticipated to display a healthy CAGR on account of improving healthcare infrastructure in India and China coupled with entry of private players in the health sector. In Latin America and the Middle East & Africa, the market will be fueled by the rising government expenditure in developing healthcare infrastructure.
COMPETITIVE LANDSCAPE:
Growing Focus on Innovation to Intensify Competition
According to the examination lights market analysis, competitors are directing their investments towards R&D to come up novel lighting solutions. Companies are hoping to strengthen their position in this market through diverse product offerings.
This report focuses on Examination Lights Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Major companies in the Global Examination Lights Market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. Staying on top of market trends & drivers is crucial for decision-makers to hold this emerging opportunity. The study provides information on market trends and development, drivers, capacities, technologies, and the changing investment structure of the Examination Lights Industry.
Industry Developments:
- January 2019: Critical tumor removal surgical procedures were performed at theNeurosurgery Hospital in Baghdad, Iraq. The surgeries were performed on the brain using high quality examination lights developed by SIMEON Medical, a renowned medical lighting company in Germany.
- September 2013: Daray Medical, a leading manufacturer of medical lights, announced the launch of X240, a new examination lighting system featuring spring-balanced arm for better ergonomics.
Leading Players Covered in the Examination Lights Market Report:
- Dr. Mach GmbH & Co. KG
- Technomed India
- Steris plc.
- Stryker
- Skytron, LLC
- SIMEON Medical GmbH & Co. KG
- Brandon Medical
- Hill-Rom Services Inc.
Key questions answered in the report:
- What will the market growth rate of Examination Lights Market in 2026?
- What are the key factors driving the global Examination Lights Market?
- Who are the key manufacturers in Examination Lights Market space?
- What are the market opportunities, market risk and market overview of the Examination Lights Global market?
- What are sales, revenue, and price analysis of top manufacturers of Examination Lights Global market?
- What are sales, revenue, and price analysis by types and applications of Examination Lights Market?
- What are sales, revenue, and price analysis by regions of Examination Lights Market?
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Table of Content
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- New Product Launches, Key Players
- Pricing Analysis, Key Brands/ Key Players, 2018
- Key Industry Developments
- Global Examination Lights Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Technology
- LED
- Halogen
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Clinics
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Examination Lights Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Technology
- LED
- Halogen
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Clinics
- Others
- Market Analysis, Insights and Forecast – By Country
- S.
- Canada
- Europe Examination Lights Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Technology
- LED
- Halogen
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Clinics
- Others
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Asia pacific Examination Lights Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Technology
- LED
- Halogen
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Clinics
- Others
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- Japan
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Latin America Examination Lights Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Technology
- LED
- Halogen
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Clinics
- Others
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa Examination Lights Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Technology
- LED
- Halogen
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Clinics
- Others
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Competitive Analysis
- Key Industry Developments
- Global Market Share Analysis (2018)
- Comparative Analysis – Major Players
- Company Profiles (Overview, Products, SWOT, Recent Developments, Strategies, Financials (based on availability))
- HillRom Services Inc.
- Stryker
- Getinge AB
- Steris plc.
- I.M.E.O.N. Medical GmbH & Co. KG
- Technomed India
- Skytron
- BihlerMED
- Mach GmbH & Co. KG
- Strategic Recommendations
List of Figures
Figure 1: Global Examination Lights Market Revenue Breakdown (US$ Mn, %) by Region, 2018 & 2026
Figure 2: Global Examination Lights Market Value Share (%), by Technology, 2018 & 2026
Figure 3: Global Examination Lights Market Forecast (US$ Mn), by LED, 2015-2026
Figure 4: Global Examination Lights Market Forecast (US$ Mn), by Halogen, 2015-2026
Figure 5: Global Examination Lights Market Value Share (%), by End-user, 2018 & 2026
Figure 6: Global Examination Lights Market Forecast (US$ Mn), by Hospitals, 2015-2026
Figure 7: Global Examination Lights Market Forecast (US$ Mn), by Clinics, 2015-2026
Figure 8: Global Examination Lights Market Forecast (US$ Mn), by Others, 2015-2026
Figure 9: Global Examination Lights Market Value (US$ Mn), by Region, 2018 & 2026
Figure 10: North America Examination Lights Market Value (US$ Mn), by Technology, 2018 & 2026
Figure 11: North America Examination Lights Market Value Share (%), by Technology, 2018
Figure 12: North America Examination Lights Market Value (US$ Mn), by End-user, 2018 & 2026
Figure 13: North America Examination Lights Market Value Share (%), by End-user, 2018
Figure 14: North America Examination Lights Market Value (US$ Mn), By Country, 2018 & 2026
Figure 15: North America Examination Lights Market Value Share (%), By Country, 2018
Figure 16: Europe Examination Lights Market Value (US$ Mn), by Technology, 2018 & 2026
Figure 17: Europe Examination Lights Market Value Share (%), by Technology, 2018
Figure 18: Europe Examination Lights Market Value (US$ Mn), by End-user, 2018 & 2026
Figure 19: Europe Examination Lights Market Value Share (%), by End-user, 2018
Figure 20: Europe Examination Lights Market Value (US$ Mn), By Country/ Sub-region, 2018 & 2026
Figure 21: Europe Examination Lights Market Value Share (%), By Country/ Sub-region, 2018
Figure 22: Asia Pacific Examination Lights Market Value (US$ Mn), by Technology, 2018 & 2026
Figure 23: Asia Pacific Examination Lights Market Value Share (%), by Technology, 2018
Figure 24: Asia Pacific Examination Lights Market Value (US$ Mn), by End-user, 2018 & 2026
Figure 25: Asia Pacific Examination Lights Market Value Share (%), by End-user, 2018
Figure 26: Asia Pacific Examination Lights Market Value (US$ Mn), By Country/ Sub-region, 2018 & 2026
Figure 27: Asia Pacific Examination Lights Market Value Share (%), By Country/ Sub-region, 2018
Figure 28: Latin America Examination Lights Market Value (US$ Mn), by Technology, 2018 & 2026
Figure 29: Latin America Examination Lights Market Value Share (%), by Technology, 2018
Figure 30: Latin America Examination Lights Market Value (US$ Mn), by End-user, 2018 & 2026
Figure 31: Latin America Examination Lights Market Value Share (%), by End-user, 2018
Figure 32: Latin America Examination Lights Market Value (US$ Mn), By Country/ Sub-region, 2018 & 2026
Figure 33: Latin America Examination Lights Market Value Share (%), By Country/ Sub-region, 2018
Figure 34: Middle East & Africa Examination Lights Market Value (US$ Mn), by Technology, 2018 & 2026
Figure 35: Middle East & Africa Examination Lights Market Value Share (%), by Technology, 2018
Figure 36: Middle East & Africa Examination Lights Market Value (US$ Mn), by End-user, 2018 & 2026
Figure 37: Middle East & Africa Examination Lights Market Value Share (%), by End-user, 2018
Figure 38: Middle East & Africa Examination Lights Market Value (US$ Mn), By Country/ Sub-region, 2018 & 2026
Figure 39: Middle East & Africa Examination Lights Market Value Share (%), By Country/ Sub-region, 2018
Figure 40: Global Examination Lights Market Share (%), By Company, 2018
List of Table
Table 1: Global Examination Lights Market Revenue (US$ Mn) Forecast, by Technology, 2015–2026
Table 2: Global Examination Lights Market Revenue (US$ Mn) Forecast, by LED, 2015–2026
Table 3: Global Examination Lights Market Revenue (US$ Mn) Forecast, by Halogen, 2015–2026
Table 4: Global Examination Lights Market Revenue (US$ Mn) Forecast, by End-user, 2015–2026
Table 5: Global Examination Lights Market Revenue (US$ Mn) Forecast, by Region, 2015-2026
Table 6: North America Examination Lights Market Revenue (US$ Mn) Forecast, by Technology, 2015-2026
Table 7: North America Examination Lights Market Revenue (US$ Mn) Forecast, by LED, 2015–2026
Table 8: North America Examination Lights Market Revenue (US$ Mn) Forecast, by Halogen, 2015–2026
Table 9: North America Examination Lights Market Revenue (US$ Mn) Forecast, by End-user, 2015-2026
Table 10: North America Examination Lights Market Revenue (US$ Mn) Forecast, By Country, 2015-2026
Table 11: Europe Examination Lights Market Revenue (US$ Mn) Forecast, by Technology, 2015-2026
Table 12: Europe Examination Lights Market Revenue (US$ Mn) Forecast, by LED, 2015–2026
Table 13: Europe Examination Lights Market Revenue (US$ Mn) Forecast, by Halogen, 2015–2026
Table 14: Europe Examination Lights Market Revenue (US$ Mn) Forecast, by End-user, 2015-2026
Table 15: Europe Examination Lights Market Revenue (US$ Mn) Forecast, By Country/ Sub-region, 2015-2026
Table 16: Asia Pacific Examination Lights Market Revenue (US$ Mn) Forecast, by Technology, 2015-2026
Table 17: Asia Pacific Examination Lights Market Revenue (US$ Mn) Forecast, by LED, 2015–2026
Table 18: Asia Pacific Examination Lights Market Revenue (US$ Mn) Forecast, by Halogen, 2015–2026
Table 19: Asia Pacific Examination Lights Market Revenue (US$ Mn) Forecast, by End-user, 2015-2026
Table 20: Asia Pacific Examination Lights Market Revenue (US$ Mn) Forecast, By Country/ Sub-region, 2015-2026
Table 21: Latin America Examination Lights Market Revenue (US$ Mn) Forecast, by Technology, 2015-2026
Table 22: Latin America Examination Lights Market Revenue (US$ Mn) Forecast, by LED, 2015–2026
Table 23: Latin America Examination Lights Market Revenue (US$ Mn) Forecast, by Halogen, 2015–2026
Table 24: Latin America Examination Lights Market Revenue (US$ Mn) Forecast, by End-user, 2015-2026
Table 25: Latin America Examination Lights Market Revenue (US$ Mn) Forecast, By Country/ Sub-region, 2015-2026
Table 26: Middle East & Africa Examination Lights Market Revenue (US$ Mn) Forecast, by Technology, 2015-2026
Table 27: Middle East & Africa Examination Lights Market Revenue (US$ Mn) Forecast, by LED, 2015–2026
Table 28: Middle East & Africa Examination Lights Market Revenue (US$ Mn) Forecast, by Halogen, 2015–2026
Table 29: Middle East & Africa Examination Lights Market Revenue (US$ Mn) Forecast, by End-user, 2015-2026
Table 30: Middle East & Africa Examination Lights Market Revenue (US$ Mn) Forecast, By Country/ Sub-region, 2015-2026
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