Global Surgical Lights Market - Forecasts from 2019 to 2024

The global surgical lights market is projected to grow at a CAGR of 5.89% during the forecast period, reaching a total market size of US$970.462 million in 2024 from US$688.555 million in 2018. Surgical light is a medical device which provides optimal light during surgical procedure. Proper illumination of the surgical region is important to provide shadow-free high intensity light to visualize small, low contrast objects within the body cavity. Surgical lights are essential medical device, their application in different industrial verticals are likely to be less impactful for the growth of global surgical light market. Demand from the healthcare sector such as surgeries and other invasive procedure is the primary driver for the growth of the surgical light market. Advancement in the technologies that enabled the cost-effective production and energy efficiency of surgical light have also fuelled the global market expansion. Geographically, the global surgical light market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific and South America. North America, Asia -pacific and Europe is considered to be the largest market owing to an increase in the number of surgical procedures along with rising demand for new technologies in surgical lighting.

Drivers

Increase in the number of surgeries worldwide

OPPORTUNITIES
Technological advancements

Industry Updates

In January 2019, Getinge AB launched Maquet PowerLED II at Arab Health 2019.

In September 2018, Stryker announced its definitive agreement to acquire the advanced photonics and surgical lighting company, Invuity for US$190 million.

The major players profiled in the Global Surgical Lights market include Stryker, BihlerMED, Getinge AB, Hill-Rom Services Inc., Integra LifeSciences Corporation, Koninklijke Philips N.V., S.I.M.E.O.N. Medical GmbH & Co. KG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Skytron, and Steris plc.

Segmentation

The global surgical lights market has been analyzed through the following segments:

By Application

Oncology
Cardiology
Ophthalmology
Others

By End-User

Hospitals
Ambulatory Surgical Centers

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
United Kingdom
Germany
France
Italy
Others

Middle East and Africa
Saudi Arabia
UAE
Israel
Others

Asia Pacific
China
Japan
India
Australia
Others