The global surgical lighting system market was worth US$ 394.1 million in 2017, and it is predicted to grow at a CAGR of 4.4 percent between 2018 and 2026.
Operative lighting systems are essential during surgeries because they offer illumination that allows surgeons to see the surgical region more clearly. Surgical lights come in a variety of styles, including ceiling mounted, mobile surgical lights, surgical headlights, and wall mounted surgical lights. In surgical lighting systems, the light source is critical for proper illumination. Manufacturers are working to provide effective surgical light sources. For example, Excelitas Technologies Corp., a global technology company focusing on delivering unique, tailored photonic solutions, introduced its new XLMii LED Fiber Optic Light Source for medical applications in February 2016. For endoscopy, surgical microscopes, and surgical lights, the new XLMii Fiber Optic LED Light Source provides high power and a high color rendering index (cri).
Highlights of the Report:
- In-depth analysis of various insights, namely, Surgical lighting system Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Surgical lighting system Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
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Key Players Operating in The Surgical lighting system Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- STERIS plc.
- DRE Veterinaryl
- Integra LifeSciences
- Torontech Inc.
- Getinge AB
- SKYTRON
- Meditech
- EMA-LED GmbH
- NUVO
- Trumpf Medical
- Symmetry Surgical
- I.M.E.O.N. Medical GmbH & Co. KG
- Amico Group of Companies
- MAQUET Holding B.V. & Co. KG
- Drägerwerk AG & Co. KGaA
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Surgical lighting system Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
The surgical lighting system market is growing as a result of an increasing number of product introductions:
The launch of new products with sophisticated technology by key players is a major driver of the surgical lighting systems market’s growth. For example, Merivaara, a provider of a wide range of high-quality equipment and solutions, introduced the Merivaara Q-Flow surgical light in July 2017 to improve the working environment in operating rooms and reduce the risk of infection. Merivaara Q-Flow provides color rendering, notably in red and skin tones, that aids surgeons in performing precise surgeries like internal or plastic surgery.
In June 2013, Maquet Medical Systems USA gained 510(k) clearance from the US Food and Drug Administration (FDA) for the Volista Surgical Lighting System. Volista is a product line from the company that integrates lighting, suspension, and multimedia technologies in the operating room. The VOLISTA Access and VOLISTA StandOP products are part of the Volista product line.
The surgical lighting system market is predicted to increase significantly due to rising demand for modern surgical equipment from multispecialty hospitals. According to statistics provided by the Modern Healthcare/ECRI Institute Technology Price Index in May 2014, the average price paid for surgical lights climbed by 30% due to an increase in the number of hospitals purchasing highly customized and expensive systems.
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The constant evolution of surgical tables and lights, with the introduction of new features and designs, has resulted in high product costs. This is a big stumbling block to the market’s expansion. In the United States, for example, LED surgical lights based on various illumination approaches are projected to cost between $8,000 and $15,000.
Regional Analysis:
Regional segmentation of the global surgical lighting system market comprises Latin America, Europe, Asia Pacific, North America, Africa, and Middle East.
Because of the presence of prominent manufacturers such as Stryker, Maquet, Steris, and Skytron in this area, the surgical lighting system market in North America is likely to account for the biggest market share. Stryker Corporation, for example, purchased Berchtold Holding for US$ 172 million in April 2014. Stryker strengthened its portfolio and broadened its hospital product offerings with this acquisition, which included surgical tables, equipment booms, and surgical lighting systems.
Due to the number of new surgical lighting system launches in Europe, the market for surgical lighting systems is likely to rise at a high rate. Merivaara, for example, partnered with Bender UK in May 2017 to distribute its Q? Flow LED surgical lights in the United Kingdom. Furthermore, the Q?Flow LED surgical light was introduced in the United Kingdom in May 2017 at the Operating Theatre Conference 2017, ‘The Future of Surgery,’ in Manchester.
Detailed Segmentation:
- Global Surgical lighting system market, By Surgical Lighting System Types:
- Ceiling Mounted Surgical Lighting System
- Wall Mounted Surgical Lighting System
- Surgical Headlight
- Mobile Surgical Lighting System
- Global Surgical lighting system market, By Light Source Type:
- LED (light-emitting diode)
- Halogen
- Global Surgical lighting system market, By Application:
- Endoscopic Surgery
- Surgical Suite
- Dental Surgery
- Others
- Global Surgical lighting system market, By End User:
- Hospitals
- Ambulatory Surgical Centers
- Emergency Centres
- Others
- Global Surgical lighting system market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Surgical Lighting System Types:
- By Light Source Type:
- By Application:
- By End User:
- By Country:
- Europe
- By Country:
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- By Surgical Lighting System Types:
- By Light Source Type:
- By Application:
- By End User:
- By Country:
- Asia Pacific
- By Country:
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- By Surgical Lighting System Types:
- By Light Source Type:
- By Application:
- By End User:
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Surgical Lighting System Types:
- By Light Source Type:
- By Application:
- By End User:
- By Country:
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Surgical Lighting System Types:
- By Light Source Type:
- By Application:
- By End User:
- By Country:
- Africa
- By Country:
- South Africa
- Central Africa
- North Africa
- By Surgical Lighting System Types:
- By Light Source Type:
- By Application:
- By End User:
- By Country:
- North America
- Company Profiles
Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Surgical lighting system Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Surgical lighting system Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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