Global Medical Lighting Technologies Market: Focus on Product, Application, Technology, Countries, Patents, Market Share, and Competitive Landscape - Analysis and Forecast (2018-2026) - Product Image

Global Medical Lighting Technologies Market: Focus on Product, Application, Technology, Countries, Patents, Market Share, and Competitive Landscape - Analysis and Forecast (2018-2026)

  • ID: 4555829
  • Report
  • Region: Global
  • 266 pages
  • BIS Research
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Global Medical Lighting Technologies Market to reach $2.76 Billion by 2026

FEATURED COMPANIES

  • Acem SpA
  • Corporate Summary
  • Dragerwerk AG & Co. KGaA
  • GE Healthcare
  • KLS Martin Group
  • Steris plc
  • MORE

The operating rooms always require specialized and technologically advanced lighting systems, as these systems play a significant role in a successful surgical procedure. Poor lighting spectrum may result into poor performance and wellbeing of the surgical team, the quality & safety of the working environment and adverse effect on the patient. Research studies report that 25% of the surgery time is spent on the adjustments of the lights. However, an important decision to be taken while considering medical lighting system is whether all the operating rooms or surgical suites have similar lighting requirements, or their lighting requirements differ from each other in some respects because of specific surgical requirements. Operating rooms with similar lighting requirements will have less installation and maintenance cost.

Due to restrictive budget for hospitals and medical facilities, the incorporation of technologically advanced and energy efficient LEDs provides significant benefits both at operational and financial level. LEDs are growing in popularity for their longevity and their ability to provide more light with lesser heat. The surgical lighting is currently during a radical technical transformation. The lighting technology is beginning to change from halogen or xenon lamps to LED arrays which promises the benefits of dramatically increased life, reduced energy consumption and cooler operating temperatures. However, most of the developments with LEDs has been in the surgical lighting but technology would rapidly move into the exam lighting as well. These new energy sources offer improvements in bulb life, efficiency and intensity and had provided more choices in performance as well as design to those facilities searching for better lighting products.

The demand for the medical lighting system has increased owing to the infrastructural development of multispecialty hospitals across countries. The usage of advanced lighting system is witnessing a rapid growth in hospitals due to the wide adoption of the lighting products in various hospital applications. The increasing investment in the healthcare institutions by the government of various countries is the major factor for the growth of medical lighting market. One of the most important and critical parameter in the development and enhancement of hospital infrastructure is the efficient implementation of advanced lighting systems. Proper lighting spectrum in the hospitals significantly impact each level of activities in the hospitals. It provides significant illumination to help the surgical team to perform visual tasks in surgical procedures more efficiently and further helps in reducing the chances of medical errors and maintaining the body’s circadian system.

This research study includes an extensive analysis of the global medical lighting technologies market by product, application, technology and geographical regions, allowing the researcher to develop a comprehensive outlook of the market. Each of these segments has been analyzed based on their current and future market size, considering the macro and micro environmental factors.

The market report presents a detailed and investigative study of the entire market and provides a comprehensive insight into various forms of development, trends and the key market participants. While highlighting the key driving and restraining forces for this dynamic market, the report also provides a comprehensive section on competitive landscape, market share analysis, competitive benchmarking, and the position of the competitors within the global medical lighting technologies market.

The following key questions have been addressed in the report

  • What are the major market drivers, challenges and opportunities of the global medical lighting technologies market?
  • How did the advanced lighting technologies evolve and what is its scope in the future?
  • What were the market shares by value of the leading segments and sub-segments of the global medical lighting technologies market in 2017 and what will be the shares in 2026?
  • What were the market shares by volume of the leading product segment of the global medical lighting technologies market in 2017 and what will be the shares in 2026?
  • How will each of the segments of the global medical lighting technologies market by value grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2026?
  • How will the product segment of the global medical lighting technologies market by volume grow during the forecast period and what will be the installation volume of the lighting systems by region in the end of 2026?
  • How did the market share of the leading companies change in 2016 and which country will lead the market in 2017?
  • How will the medical lighting industry evolve during the forecast period 2018-2026?
  • What are the key developments and strategies implemented by the key players to stand out in this market?
  • Which product, application and technology will dominate the global medical lighting technologies market by the end of the forecast period and which one is growing at the highest CAGR during the forecast period 2018-2026?
  • What will be the growth rate of different segments during the forecast period? Which is the leading segment by product, application, and technology?
  • Who are the key players in the global medical lighting technologies market?
  • Which region will lead the global medical lighting technologies market in revenue generation through the forecast period?
  • Which region will lead the global medical lighting technologies market in surgical and examination lighting systems installation volume throughout the forecast period?
  • Which country will be growing at the highest CAGR during the forecast period?

The key players who have significant contributions to the medical lighting technologies market are Brandon Medical Co. Ltd., Burton Medical Products Corporation, Cree Inc., Daray Medical, Dragerwerk AG & Co. KGaA, DRE Medical, Eaton Corporation plc, Getinge AB, Herbert Waldmann GmbH & Co. KG, and Integra Lifesciences Holdings Corporation among others.

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FEATURED COMPANIES

  • Acem SpA
  • Corporate Summary
  • Dragerwerk AG & Co. KGaA
  • GE Healthcare
  • KLS Martin Group
  • Steris plc
  • MORE

Executive Summary

1 Market Overview
1.1 Introduction & Market Trend
1.2 Advantages & Disadvantages of LED Lighting Technologies
1.3 Trends in Lighting Technology
1.4 The Need for Proper Lighting in Medical Facilities

2 Market Dynamics
2.1 Overview
2.2 Impact Analysis of Market Drivers & Restraints
2.3 Market Drivers
2.4 Market Restraints
2.5 Market Opportunities

3 Competitive Landscape
3.1 Key Development and Strategies
3.1.1 New Product Launches and Developments
3.1.2 Collaborations, Joint Ventures and Partnerships
3.1.3 Others
3.2 Industry Attractiveness
3.3 Market Share Analysis

4 Industry Analysis
4.1 Patent Landscape
4.2 Consortiums, Associations, and Regulatory Bodies
4.3 Legal Requirements and Regulations

5 Global Medical Lighting Technologies Market, by Product
5.1 Overview
5.2 Surgical Lighting Systems
5.3 Examination Lights
5.4 Speciality Lights & Accessories

6 Global Medical Lighting Technologies Market, by Application
6.1 Overview
6.2 Operation Rooms/Surgical Suites
6.3 Examination Rooms
6.4 Intensive Care Units
6.5 Others

7 Global Medical Lighting Technologies Market, by Technology
7.1 Overview
7.2 LED Lighting Technology
7.3 Fluroscent Lighting Technology
7.4 Incandescent & Halogen Lighting Technology
7.5 Others

8 Global Medical Lighting Technologies Market, by Region
8.1 Overview
8.2 North America
8.2.1 North America by Country
8.2.2 The U.S.
8.2.3 Canada
8.3 Europe
8.3.1 Europe by Country
8.3.2 Germany
8.3.3 The U.K.
8.3.4 France
8.3.5 Italy
8.3.6 Spain
8.3.7 Netherlands
8.3.8 Others
8.4 Asia-Pacific
8.4.1 Asia-Pacific by Country
8.4.2 Japan
8.4.3 China
8.4.4 India
8.4.5 Australia
8.4.6 South Korea
8.4.7 Others
8.5 Latin America
8.5.1 Latin America by Country
8.5.2 Brazil
8.5.3 Mexico
8.5.4 Others
8.6 Middle East
8.7 RoW

9 Company Profile
9.1 A-dec Inc.
9.1.1 Overview
9.1.2 Product Mapping
9.1.3 Corporate Summary
9.1.4 SWOT Analysis
9.2 Brandon Medical Co. Ltd.
9.2.1 Overview
9.2.2 Corporate Summary
9.2.3 SWOT Analysis
9.3 Burton Medical Products Corporation
9.3.1 Overview
9.3.2 Product Mapping
9.3.3 Corporate Summary
9.3.4 SWOT Analysis
9.4 Cree Inc.
9.4.1 Overview
9.4.2 Product Mapping
9.4.3 Financials
9.4.3.1 Financal Summary
9.4.4 SWOT Analysis
9.5 Daray Medical
9.5.1 Overview
9.5.2 Product Mapping
9.5.3 Corporate Summary
9.5.4 SWOT Analysis
9.6 Dragerwerk AG & Co. KGaA
9.6.1 Overview
9.6.2 Product Mapping
9.6.3 Financial
9.6.3.1 Financial Summary
9.6.4 SWOT Analysis
9.7 DRE Medical
9.7.1 Overview
9.7.2 Product Mapping
9.7.3 Corporate Summary
9.7.4 SWOT Analysis
9.8 Eaton Corporation  plc
9.8.1 Overview
9.8.2 Product Mapping
9.8.3 Financials
9.8.3.1 Financial Summary
9.8.4 SWOT Analysis
9.9 Getinge AB
9.9.1 Overview
9.9.2 Product Mapping
9.9.3 Financials
9.9.3.1 Financial Summary
9.9.4 SWOT Analysis
9.1 Herbert Waldmann GmbH & Co. KG
9.10.1 Overview
9.10.2 Product Mapping
9.10.3 Corporate Summary
9.10.4 SWOT Analysis
9.11 Integra Lifesciences Holdings Corporation
9.11.1 Overview
9.11.2 Product Mapping
9.11.3 Financials
9.11.3.1 Financial Summary
9.11.4 SWOT Analysis
9.12 KLS Martin Group
9.12.1 Overview
9.12.2 Product Mapping
9.12.3 Corporate Summary
9.12.4 SWOT Analysis
9.13 Steris plc
9.13.1 Overview
9.13.2 Product Mapping
9.13.3 Financials
9.13.3.1 Financial Summary
9.13.4 SWOT Analysis
9.14 Trilux Medical GmbH & Co. KG
9.14.1 Overview
9.14.2 Product Mapping
9.14.3 Corporate Summary
9.14.4 SWOT Analysis
9.15 Welch Allyn, Inc.
9.15.1 Overview
9.15.2 Product Mapping
9.15.3 Corporate Summary
9.15.4 SWOT Analysis
9.16 Acem SpA
9.16.1 Overview
9.17 Excelitas Technologies Corp.
9.17.1 Overview
9.18 GE Healthcare
9.18.1 Overview
9.19 Kenall Manufacturing Co.
9.19.1 Overview
9.2 Merivaara Corporation
9.20.1 Overview
9.21 Nuvo Surgical
9.21.1 Overview
9.22 Simeon Medical GmbH & Co. KG
9.22.1 Overview
9.23 Stryker Corporation
9.23.1 Overview
9.24 Surgiris
9.24.1 Overview
9.25 Trumpf Medical Systems GmbH + Co. KG
9.25.1 Overview

10 Annexure

List of Tables
1 Impact Analysis of Market Drivers & Restraints
2 New Product Launches
3 Legal Requirements & Regulations
4 Consortium, Associations & Regulatory Bodies
5 Some of the Surgical Lighting Systems
6 Some of the Examination Lighting Systems
7 Comparison of Various Lighting Technologies
8 The U.S. Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
9 Canada Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
10 Germany Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
11 The U.K. Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
12 The France Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
13 The Italy Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
14 The Spain Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
15 The Netherlands Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
16 Others Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
17 European Key Market Players
18 The Japan Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
19 The China Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
20 The India Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
21 The Australia Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
22 The South Korea Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
23 Others Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
24 The Brazil Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
25 The Mexico Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
26 Others Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
27 Middle East  Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
28 RoW  Medical Lighting Technologies Market, by Product 2017-2026 ($Million)
29 Overview: A-Dec Inc.
30 Overview: Brandon Medical Co. Ltd.
31 Overview: Burton Medical Products Corporation
32 Overview: Cree Inc.
33 Overview: Daray Medical
34 Overview: Dragerwerk AG & Co. KGaA
35 Overview: DRE Medical
36 Overview: Eaton Corporation Plc
37 Overview: Getinge AB
38 Overview: Herbert Waldmann GmbH & Co. KG
39 Overview: Integra Lifesciences Holdings Corporation
40 Overview: KLS Martin
41 Overview: Steris Plc
42 Overview: Trilux Medical GmbH & Co. KG
43 Overview: Welch Allyn Inc.
44 Overview: ACEM SpA
45 Overview: Excelitas Technologies Corp.
46 Overview: GE Healthcare
47 Overview: Kenall Manufacturing Co.
48 Overview: Merivaara Corporation
49 Overview: Nuvo Surgical
50 Overview: Simeon Medical GmbH & Co. KG
51 Overview: Stryker Corporation
52 Overview: Surgiris
53 Overview: Trumpf Medical Systems GmbH

List of Figures
1 Medical Lighting Technologies: Market Overview
2 Global Medical Surgical Lighting Technologies Market, by Volume (in Units)
3 Global Medical Examination Lighting Technologies Market, by Volume (in Units)
4 Market Snapshot, Global Medical Lighting Technologies Market, 2017
5 Global Medical Lighting Technologies Market Share by Product, 2017
6 Global Medical Lighting Technologies Market Share by Product, 2026
7 Global Medical Lighting Technologies Market Share by Technology, 2017
8 Global Medical Lighting Technologies Market Share by Technology, 2026
9 Global Medical Lighting Technologies Market Share by Application, 2017
10 Global Medical Lighting Technologies Market Share by Application, 2026
11 Global Medical Surgical Lighting Technologies Installation Volume by Region, 2017
12 Global Medical Surgical Lighting Technologies Installation Volume by Region, 2026
13 Global Medical Exam Lighting Technologies Installation Volume by Region, 2017
14 Global Medical Exam Lighting Technologies Installation Volume by Region, 2026
15 Market Share Analysis
16 Global Medical Lighting Technologies  Market, by Region
17 Global Medical Lighting Technologies Market Cumulative Growth Rate (2018-2026)
18 Advantages & Disadvantages of LED Lighting Technologies
19 Trends in Lighting Technology
20 Market Dynamics
21 Market Drivers
22 Market Restraints
23 Market opportunities
24 Share of Key Developments & Strategies
25 Collaboration, Partnerships & Joint Ventures
26 Porter's Five Forces Analysis
27 Patent Analysis
28 Global Medical Lighting Technology Market, by Product 2017-2026 ($Million)
29 Medical Surgical Lighting Technologies Market, 2017-2026 ($Million)
30 Global Medical Lighting Technologies Market, by Surgical Lamp Type 2017-2026 ($Million)
31 Medical Exam Lighting Technologies Market, 2017-2026 ($Million)
32 Global Medical Lighting Technologies Market, by Medical Exam Lighting System Types 2017-2026 ($Million)
33 Global Specialty Lighting Technologies & Accessories Market 2017-2026 ($Million)
34 Global Operating Room Medical Lighting Technology Market 2017-2026 ($Million)
35 Operating Room Medical Lighting Technologies Market, 2017-2026 ($Million)
36 Examination Room Medical Lighting Technologies Market, 2017-2026 ($Million)
37 ICU Medical Lighting Technologies Market, 2017-2026 ($Million)
38 Others Medical Lighting Technologies Market, 2017-2026 ($Million)
39 Global Medical Lighting Technology Market, by Technology 2018-2026 ($Million)
40 LED Medical Lighting Technologies Market, 2017-2026 ($Million)
41 Fluorescent Medical Lighting Technologies Market, 2017-2026 ($Million)
42 Halogen Medical Lighting Technologies Market, 2017-2026 ($Million)
43 Others Medical Lighting Technologies Market, 2017-2026 ($Million)
44 North America Medical Lighting Technologies Market, 2017-2026 ($Million)
45 The U.S. Medical Lighting Technologies Market, 2017-2026 ($Million)
46 Hospital Establishment by Canada Provinces
47 Canada Medical Lighting Technologies Market, 2017-2026 ($Million)
48 Europe Medical Lighting Technologies Market, 2017-2026 ($Million)
49 Europe Medical Lighting Market by Country, 2017-2026 ($Million)
50 Germany Medical Lighting Technologies Market, 2017-2026 ($Million)
51 The U.K. Medical Lighting Technologies Market, 2017-2026 ($Million)
52 The France Medical Lighting Technologies Market, 2017-2026 ($Million)
53 The Italy Medical Lighting Technologies Market, 2017-2026 ($Million)
54 The Spain Medical Lighting Technologies Market, 2017-2026 ($Million)
55 The Netherlands Medical Lighting Technologies Market, 2017-2026 ($Million)
56 Others Medical Lighting Technologies Market, 2017-2026 ($Million)
57 Asia-Pacific Medical Lighting Technologies Market, 2017-2026 ($Million)
58 Drivers and Challenges for Asia Pacific Medical Lighting Market
59 APAC Medical Lighting Market by Country, 2017-2026 ($Million)
60 The Japan Medical Lighting Technologies Market, 2017-2026 ($Million)
61 The China Medical Lighting Technologies Market, 2017-2026 ($Million)
62 The India Medical Lighting Technologies Market, 2017-2026 ($Million)
63 The Australia Medical Lighting Technologies Market, 2017-2026 ($Million)
64 The South Korea Medical Lighting Technologies Market, 2017-2026 ($Million)
65 Others Medical Lighting Technologies Market, 2017-2026 ($Million)
66 Latin America Medical Lighting Technologies Market, 2017-2026 ($Million)
67 Latin America Medical Lighting Market by Country, 2017-2026 ($Million)
68 The Brazil Medical Lighting Technologies Market, 2017-2026 ($Million)
69 The Mexico Medical Lighting Technologies Market, 2017-2026 ($Million)
70 Others Medical Lighting Technologies Market, 2017-2026 ($Million)
71 Middle East Medical Lighting Technologies Market, 2017-2026 ($Million)
72 RoW Medical Lighting Technologies Market, 2017-2026 ($Million)
73 A-Dec Inc. Product Portfolio
74 A-dec Inc. SWOT Analysis
75 Brandon Medical Co. Ltd. Product Portfolio
76 Brandon Medical Co. Ltd. SWOT Analysis
77 Burton Medical Products Corporation Product Portfolio
78 Burton Medical Products Corporation SWOT Analysis
79 Cree, Inc. Product Portfolio
80 Cree, Inc. Overall Financials (2015 - 2017)
81 Cree, Inc. Revenues by Business Segment (2015 - 2017)
82 Cree, Inc. Net Revenue by Region (2015-2017)
83 Cree, Inc. SWOT Analysis
84 Daray Medical Product Portfolio
85 Daray Medical SWOT Analysis
86 Dragerwerk AG & Co. KGaA Product Portfolio
87 Dragerwerk AG & Co. KGaA Overall Financials (2014 - 2016)
88 Dragerwerk AG & Co. KGaA : Revenue by Region (2014-2016)
89 Dragerwerk AG & Co. KGaA SWOT Analysis
90 Dragerwerk AG & Co. KGaA Medical Product Portfolio
91 Eaton Corporation plc Product Portfolio
92 Eaton Corporation plc Overall Financials (2014 - 2016)
93 Eaton Corporation plc Revenue by Region (2014-2016)
94 Eaton Corporation plc Net Revenue by Business Segment (2014 - 2016)
95 Eaton Corporation plc SWOT Analysis
96 Getinge AB Product Portfolio
97 Getinge AB Overall Financials (2014 - 2016)
98 Getinge AB Net Revenue by Region (2015-2016)
99 Getinge AB : Net Revenue by Region (2014)
100 Getinge AB Net Revenues by Business Segment (2015 - 2016)
101 Getinge AB Net Revenues by Business Segment (2014)
102 Getinge AB SWOT Analysis
103 Herbert Waldmann GmbH & Co. KG Product Portfolio
104 Burton Medical Products Corporation SWOT Analysis
105 Integra Lifesciences Holdings Corporation Product Portfolio
106 Integra Lifesciences Holdings Corporation Overall Financials  (2014 – 2016)
107 Integra Lifesciences Holdings Corporation Net Revenues by Business Segment (2014 - 2016)
108 Integra Lifesciences Holdings Corporation Net Revenue by Region (2014-2016)
109 Integra Lifesciences Holdings Corporation SWOT Analysis
110 KLS Martin Group Product Portfolio
111 KLS Martin Group SWOT Analysis
112 Steris plc Product Portfolio
113 Steris plc Overall Financials (2015 - 2017)
114 Steris plc Net Revenues by Business Segment (2015 - 2017)
115 Steris plc Net Revenue by Region (2015-2017)
116 Steris plc SWOT Analysis
117 Trilux Medical GmbH & Co. KG Product Portfolio
118 Trilux Medical GmbH & Co. KG SWOT Analysis
119 Welch Allyn Product Portfolio
120 Welch Allyn, Inc. SWOT Analysis

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FEATURED COMPANIES

  • Acem SpA
  • Corporate Summary
  • Dragerwerk AG & Co. KGaA
  • GE Healthcare
  • KLS Martin Group
  • Steris plc
  • MORE

The operating rooms always require specialized and technologically advanced lighting systems, as these systems play a significant role in a successful surgical procedure. Poor lighting spectrum may result into poor performance of the surgical team and impose adverse effect on the working environment and wellbeing of the patient.

Due to the specialized lighting requirement of the medical and surgical environments, dedicated medical and surgical lighting systems have been developed by the medical lighting system providers. These specialized light systems ensure shadow free illuminated areas along with true color rendering thus, enabling the surgeons to have unobstructed view of the body part under observation or examination and differentiate unhealthy tissues from the healthy ones. Further, it ensures minimal thermal radiations and low maintenance and better energy efficiency.

The global medical lighting market is growing exponentially due to the increasing adoption rate of the technologically advanced medical lights to cater the growing hospital chain. Furthermore, technological advancement in the developed countries and due to increasing disposable income in the emerging economies, such as Asia- Pacific and Latin America, the government is playing an active role in enhancing the healthcare infrastructure and facilities. The medical lighting systems provide optimal illumination during the surgical and medical examination procedures, such as neurosurgery, dental surgery, endoscopic surgery and optical surgery, among others. These systems provide optimally bright and shadow free high intensity light which is perfect for the visualization of small and low contrast objects within the body cavity during the surgeries.

Remarkable technological advances in materials and energy sources have revolutionized the surgical and exam lighting. Earlier, the surgeons and office-based physicians labored under the clumsy, excessively hot incandescent light domes but nowadays, sophisticated systems are used involving new energy sources such as halogen (quartz and tungsten), gas mixtures such as xenon plasma and the newest light emitting diodes (LEDs) technologies.

Due to restrictive budget for the hospitals and medical facilities, the incorporation of technologically advanced and energy efficient LEDs provides significant benefits both at the operational and financial level. LEDs are growing in popularity for their longevity and their ability to provide more light with less heat. The lighting technology is beginning to change from halogen or xenon lamps to LED arrays which promises the benefits of dramatically increased life, reduced energy consumption and cooler operating temperatures.

Most of the hospitals and other medical centers are witnessing an upgrade to a nascent LED lighting system can provide a positive impact on almost every level of hospitals functioning. Furthermore, these LED lighting technologies had also witnessed significant financial benefits in terms of energy saving, as it can reduce the 70% lighting expenditures and can also result into significant improvements in terms of patient recovery times and contribute by reducing the chances of errors in the surgical outputs.

The operating rooms are generally comprised of important medical devices such as patient monitoring systems along with the specially designed lighting fixtures for better illumination throughout the complex surgical procedures. These advanced medical lighting systems are used in almost every surgical procedure such as neurosurgery, cardio surgery, orthopedic, and gynecology surgeries, among others, across every possible application areas, such as within the operating rooms, examination rooms and ICUs to properly illuminate the areas under consideration. Proper illumination provides the surgeons and the other medical professionals, to obtain a better resolution of the surgical area and enables the surgical team in completing the needed medical task to be done more effectively and with improved results.

The global medical lighting technologies market is expected to account for $2.76 billion by 2026. Furthermore, as per the installation volume data, the total installation of surgical lighting systems is expected to grow at the CAGR of 5.2% during the forecast period, 2018-2025. However, the total installation of medical examination lights is expected to grow at the CAGR of 4.3% during the forecast period. The market broadly focuses on major products (surgical lights, medical exam lights, specialty lights & accessories), technology (LED, fluorescent and halogen among others), application (operating rooms, examination rooms and ICU, among others) and region (North America, Europe, Asia-Pacific, Latin America, Middle East and RoW)

The product segment comprises of surgical lighting system (ceiling mounted, headlights, mobile and wall mounted among others), examination lights (mobile, wall mounted, ceiling mounted, rail mounted, table top and floor standing among others) and specialty lighting & accessories. The surgical lighting segment constituted the highest market value in 2017, growing at the CAGR of 5.8% during the forecast period 2018-2025. However, specialty lights are expected to grow at the highest CAGR of 6.5% during the forecast period 2018-2026.

The fluorescent lighting technology acquired the highest market value in 2017 and is anticipated to reach $856.0 million by 2026. However, LED lighting technology is expected to be the leading contributor in 2026, growing at the highest CAGR of 8.3% during the forecast period 2018-2026.

The operating rooms/surgical suites acquired the highest market value in 2017, growing at the CAGR of 5.5% during the forecast period 2018-2026.

The surgical lighting systems in Asia-Pacific acquired the highest market volume data in 2017 and is anticipated to reach $37,751 units by 2026. However, the installation volume data of surgical lighting systems in RoW is expected to grow at the highest CAGR of 8.0% during the forecast period, 2018-2026.

The medical exam lighting systems in Asia-Pacific acquired the highest market volume data in 2017 and is anticipated to reach $390,577 units by 2026. However, the installation volume data of medical exam lighting systems in RoW is expected to grow at the highest CAGR of 8.3% during the forecast period, 2018-2026.

Proper lighting in a medical facility plays a significant role to make the patient calm during the treatment and provide better illumination to the medical practitioners and the staff members to improve the productivity. The hospitals and healthcare institutions face enormous pressure to find the lighting products that offer minimum carbon emissions and reduced energy consumption. The lighting solution providers are now offering a bundle of mixed mode system using intelligent sensors technology. The mixed mode system allows natural and artificial light in the premises to turn on and off automatically according to the patients’, visitors’ and staff’s movement and allows the adjustment of the intensity of lights according to the amount of the daylight present at any point of time. It results in significant reduction in electricity usage and thereby emitting minimum carbon dioxide.

A plethora of opportunities is presented from the emerging countries such as India, China, U.A.E and Mexico, among others. This can be attributed to the increasing government support, rising disposable income, rising number of hospitals in the emerging economies and technological advancement in lighting industry, among others. According to the World Bank, a total of 19,217 hospitals and healthcare facilities were registered in 177 countries, which was much higher as compared to the previous year (2016).

The market for the surgical lights had witnessed significant growth in three to four years down the line. The growth can be attributed to the active involvement of industry players and government in technological advancement in medical lighting spectrum and further rise in the number of surgical centers, including ambulatory surgical centers. Moreover, the increasing demand for better healthcare facilities and increasing number of hospitals in emerging economies are also spurring the growth of the medical lighting technologies market. However, high costs of LEDs lighting fixtures, economic slowdown in some regions, such as Africa and other Caribbean regions and lack of awareness regarding the advancements in the lighting technologies serves as a restraint for the growth of this market.

Among all the factors, active role of government in enhancing the healthcare infrastructure across several emerging economies is one of the prominent drivers for the growth of medical lighting technologies market. For instance, the governments in China, India, Japan, Brazil and Russia are actively participating in providing better healthcare facilities to their citizens and even offering favorable reimbursement and subsidies to increase the adoption rate of technologically advanced medical facilities across increasing hospital chain. The hospitals in the developed areas of North America and Europe are not only trying to get equipped with essential lighting for operations but also focused on utilizing the energy more efficiently with the usage of advanced LED technologies.

The medical lighting technologies’ ecosystem encompasses a wide array of companies spanning across the surgical lighting system’s manufacturers, medical exam light’s manufacturers and specialty light’s manufacturers.

The predominant strategy employed by the players to enter and/or expand in the emerging markets has been launch of new products. This market strategy accounted for approximately 58% of the total key developments in the global medical lighting technologies market. Several small-medium enterprises are frequently updating their product portfolio with innovative medical lighting technologies, to sustain in the competition.

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  • A-dec Inc.
  • Acem SpA
  • Brandon Medical Co. Ltd.
  • Burton Medical Products Corporation
  • Corporate Summary
  • Cree Inc.
  • DRE Medical
  • Daray Medical
  • Dragerwerk AG & Co. KGaA
  • Eaton Corporation  plc
  • Excelitas Technologies Corp.
  • GE Healthcare
  • Getinge AB
  • Herbert Waldmann GmbH & Co. KG
  • Integra Lifesciences Holdings Corporation
  • KLS Martin Group
  • Kenall Manufacturing Co.
  • Merivaara Corporation
  • Nuvo Surgical
  • Simeon Medical GmbH & Co. KG
  • Steris plc
  • Stryker Corporation
  • Surgiris
  • Trilux Medical GmbH & Co. KG
  • Trumpf Medical Systems GmbH + Co. KG
  • Welch Allyn, Inc.
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