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Surgical lights Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5031453
  • Report
  • March 2020
  • Region: Global
  • 158 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • A-dec Inc.
  • BihlerMED
  • CV Medical
  • Getinge AB
  • Hill-Rom Services
  • Skytron
The global surgical lights market was valued at $2,717.5 million in 2018, and is expected to reach $3,837.7 million by 2026, registering a CAGR of 4.5% from 2019 to 2026. Surgical lights are mainly used in operating rooms of the hospitals and ambulatory surgery centers to provide high-quality lighting for procedures. These are used by clinicians, surgeons, and other medical professionals. A surgical light illuminates the operative site on a patient for clear visualization during any surgical procedure. Further, the configurations of surgical lighting include ceiling-mounted, wall-mounted, or on floor stand. Depending on the model, a surgical light may also be used in all three configurations



Significant rise in the number of hospitals, increase in investment in operating room equipment, and surge in elderly population across the globe are the major factors that drive the surgical lights market growth. In addition, growth in regulatory approvals for different surgical lights propels the market growth. Further, rise in product availability, significant surge in demand for well-equipped surgical lights for better & enhanced visibility and accessibility of healthcare facilities, and improvement of healthcare infrastructure in the developed economies boost the growth of the surgical lights market. However, the high cost of LED & CFL lights and implications caused from their vigorous usage are the factors anticipated to hamper the market growth. Moreover, technological advancements in these lights and surge in awareness toward patient care are expected to create lucrative opportunities for the market growth.

The surgical lights market is segmented on the basis of type, application, and region. By type, the market is segmented into halogens and LED lights. Based on application, the market is divided into cardiac surgery, gynecological surgery, neurosurgery, ENT surgery, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS
  • The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
  • It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
  • The key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.

KEY MARKET SEGMENTS

By Type
  • LED
  • Halogen

By Application
  • Cardiac Surgery
  • Gynecological Surgery
  • Neurosurgery
  • ENT Surgery
  • Others

By Geography
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

LIST OF KEY PLAYERS PROFILED IN THE REPORT
  • Steris plc.
  • A-dec Inc.
  • BihlerMED
  • CV Medical
  • Skytron
  • Herbert Waldmann GmbH & Co.
  • Getinge AB
  • Hill-Rom Services
  • S.I.M.E.O.N. Medical GmbH & Co. KG
  • Koninklijke Philips N.V.
Frequently Asked Questions about the Global Surgical Lights Market

What is the estimated value of the Global Surgical Lights Market?

The Global Surgical Lights Market was estimated to be valued at $2717.5 million in 2018.

What is the growth rate of the Global Surgical Lights Market?

The growth rate of the Global Surgical Lights Market is 4.4%, with an estimated value of $3837.7 million by 2026.

What is the forecasted size of the Global Surgical Lights Market?

The Global Surgical Lights Market is estimated to be worth $3837.7 million by 2026.

Who are the key companies in the Global Surgical Lights Market?

Key companies in the Global Surgical Lights Market include STERIS plc., A, dec Inc., BihlerMED, CV Medical, Skytron, Herbert Waldmann GmbH & Co., Getinge AB and Rom Services.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A-dec Inc.
  • BihlerMED
  • CV Medical
  • Getinge AB
  • Hill-Rom Services
  • Skytron

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Moderate threat of substitutes
3.3.4. Low threat of new entrants
3.3.5. Moderate competitive rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Significant increase in surgical procedures
3.4.1.2. Increase in technological developments in surgical lights
3.4.2. Restraint
3.4.2.1. High cost of LED lights
3.4.3. Opportunity
3.4.3.1. Various growth opportunities in emerging economies
CHAPTER 4: SURGICAL LIGHTS MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Halogen
4.2.2. Key market trends and opportunities
4.2.3. Market size and forecast
4.2.4. Market share analysis, by country
4.3. LED lights
4.3.1. Key market trends and growth opportunities
4.3.2. Market size and forecast
4.3.3. Market share analysis, by country
CHAPTER 5: SURGICAL LIGHTS MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast, by application
5.2. Cardiac Surgery
5.2.1. Market size and forecast
5.2.2. Market share analysis, by country
5.3. Gynecological Surgery
5.3.1. Market size and forecast
5.3.2. Market share analysis, by country
5.4. Neurosurgery
5.4.1. Market size and forecast
5.4.2. Market share analysis, by country
5.5. ENT surgery
5.5.1. Market size and forecast
5.5.2. Market share analysis, by country
5.6. Others
5.6.1. Market size and forecast
5.6.2. Market share analysis, by country
CHAPTER 6: SURGICAL LIGHTS MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast
6.2. North America
6.2.1. Key market trends and opportunities
6.2.2. Market size and forecast, by country
6.2.3. North America market size and forecast, by type
6.2.4. North America market size and forecast, by application
6.2.4.1. U. S. market size and forecast, by type
6.2.4.2. U. S. market size and forecast, by application
6.2.4.3. Canada market size and forecast, by type
6.2.4.4. Canada market size and forecast, by application
6.2.4.5. Mexico market size and forecast, by type
6.2.4.6. Mexico market size and forecast, by application
6.3. Europe
6.3.1. Key growth factors and opportunities
6.3.2. Market size and forecast, by country
6.3.3. Europe Market size and forecast, by type
6.3.4. Europe market size and forecast, by application
6.3.4.1. Germany market size and forecast, by type
6.3.4.2. Germany market size and forecast, by application
6.3.4.3. France market size and forecast, by type
6.3.4.4. France market size and forecast, by application
6.3.4.5. UK market size and forecast, by type
6.3.4.6. UK market size and forecast, by application
6.3.4.7. Italy market size and forecast, by type
6.3.4.8. Italy market size and forecast, by application
6.3.4.9. Spain market size and forecast, by type
6.3.4.10. Spain market size and forecast, by application
6.3.4.11. Rest of Europe market size and forecast, by type
6.3.4.12. Rest of Europe market size and forecast, by application
6.4. Asia-Pacific
6.4.1. Key growth factors and opportunities
6.4.2. Market size and forecast, by country
6.4.3. Asia-Pacific market size and forecast, by type
6.4.4. Asia-Pacific market size and forecast, by application
6.4.4.1. Japan market size and forecast, by type
6.4.4.2. Japan market size and forecast, by application
6.4.4.3. China market size and forecast, by type
6.4.4.4. China market size and forecast, by application
6.4.4.5. India market size and forecast, by type
6.4.4.6. India market size and forecast, by application
6.4.4.7. Australia market size and forecast, by type
6.4.4.8. Australia market size and forecast, by application
6.4.4.9. Rest of Asia-Pacific market size and forecast, by type
6.4.4.10. Rest of Asia-Pacific market size and forecast, by application
6.5. LAMEA
6.5.1. Key growth factors and opportunities
6.5.2. Market size and forecast, by country
6.5.3. LAMEA market size and forecast, by type
6.5.4. LAMEA market size and forecast, by application
6.5.4.1. Brazil market size and forecast, by type
6.5.4.2. Brazil market size and forecast, by application
6.5.4.3. Saudi Arabia market size and forecast, by type
6.5.4.4. Saudi Arabia market size and forecast, by application
6.5.4.5. South Africa market size and forecast, by type
6.5.4.6. South Africa market size and forecast, by application
6.5.4.7. Rest of LAMEA market size and forecast, by type
6.5.4.8. Rest of LAMEA market size and forecast, by application
CHAPTER 7: COMPANY PROFILES
7.1. A-Dec Inc
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.2. BIHLER OF AMERICA (BihlerMED)
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.3. CV Medical, LLC
7.3.1. Company overview
7.3.2. Operating business segments
7.3.3. Product portfolio
7.4. Getinge AB
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.5. Herbert Waldmann GmbH & Co. KG
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.6. HILL-ROM HOLDINGS, INC.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.7. Koninklijke Philips N. V. (Philips)
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.8. S. I. M. E. O. N. Medical GmbH & Co. KG
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.9. SKYTRON, LLC
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.10. STERIS PLC
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A-dec Inc.
  • BihlerMED
  • CV Medical
  • Getinge AB
  • Hill-Rom Services
  • Skytron
According to this report titled, 'Surgical Lights Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2018-2026,' the global surgical lights market size is expected to reach $3,837million by 2026, registering a CAGR of 4.5% from 2019 to 2026, in terms of value.

Surgical lights are used to provide optimum required lighting in surgical suites. These lights irradiate the surgical site for ideal visualization of small, low-contrast objects at variable depths in incisions and body cavities. Further, these lights are designed to operate for prolonged periods deprived of radiating excessive heat. Conventional lamps used as surgical lights are typically gas-filled luminous lamps comprehending a certain proportion of halogen in an inert gas with a pressure beyond 3 atmospheres (atm). Few gas-discharge xenon-halogen lamps release light by transient electric current through gas. In addition, LED surgical lights consist of pods or modules, which are essentially small semiconductors that emit a narrow spectrum of light when excited by an electrical circuit.

The major factors that drive the surgical lights market include increase in number of hospitals across the globe, surge in disorders, rise in surgical procedures, and an increase in global geriatric population. Further, rise in product availability, significant surge in demand for well-equipped surgical lights for better & enhanced visibility and accessibility of healthcare facilities, and improvement of healthcare infrastructure in the developed economies boost the growth of the surgical lights market. However, high cost of LED & CFL lights and implications caused from their vigorous usage are the factors anticipated to hamper the market growth. On the contrary, technological advancements in these lights and surge in awareness toward patient care are expected to create lucrative opportunities for the market expansion.

By type, the halogen segment accounted for the majority of market share in 2018, and is expected to exhibit a prominent growth rate in the near future, owing to its easy and wide availability. In addition, halogen lighting has been considered as the gold st andard for medical facilities and operating rooms. However, LED lights segment is anticipated to grow at a fastest rate during the forecast period.

By application, the cardiac surgery segment dominated the surgical lights market in 2018 and is anticipated to maintain its dominance during the forecast period. This is attributed to surge in incidence of cardiovascular disorder across the globe. For instance, according to Centre for Disease Control and Prevention (CDC), heart disease is the leading cause of death for men and women, in the U.S. One person dies every 37 seconds in the U.S. from cardiovascular disease and around 647,000 Americans die from heart disease each year.

North America accounted for the majority of the market share in 2018, and is anticipated to continue this trend during the forecast period. In addition, it is generally perceived that the overall quality of medical services in North America is higher than in the rest of the world. However, Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. Its growth is supplemented by increase in demand for healthcare infrastructure, rise in the number of hospitals in emerging countries, increase in healthcare reforms, and technological advancements in the field of healthcare. In addition, India and China are anticipated to grow at the fastest CAGR during the forecast period, owing to the presence of highest population base and significant surge in various disorders such as cardiac, neurological, ENT disorders, and others.

According to Onkar Sumant, Assistant Manager, Healthcare, “Significant surge in the number of hospitals and clinics across the globe is the major factor that drives the market growth. In addition, a rise in the number of surgical procedures contributes to the market growth.

KEY FINDINGS OF THE STUDY
  • By type, the halogen segment accounted for the highest market share of 55% in 2018 and is anticipated to grow at the fastest rate during the forecast period.
  • By region, North America was the major shareholder and accounted for the highest share of 36% in 2018.
  • By application, gynecological surgery segment is expected to grow at a CAGR of 13.6% during the forecast period.
  • By region, the Asia-Pacific segment is anticipated to grow at the fastest rate during the forecast period.

Comprehensive competitive analysis and profiles of major market players such as STERIS plc., A-dec Inc., BihlerMED, CV Medical, Skytron, Herbert Waldmann GmbH & Co., Getinge AB, Hill-Rom Services, and S.I.M.E.O.N. Medical GmbH & Co. KG are provided in this report.
Note: Product cover images may vary from those shown
  • STERIS plc.
  • A-dec Inc.
  • BihlerMED
  • CV Medical
  • Skytron
  • Herbert Waldmann GmbH & Co.
  • Getinge AB
  • Hill-Rom Services
  • S.I.M.E.O.N. Medical GmbH & Co.
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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