PUBLISHER: The Business Research Company | PRODUCT CODE: 1546603
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546603
Surgical lights are specialized luminaires utilized in surgical rooms and operating theaters, crucially providing high-intensity, focused illumination for surgeons and medical staff during procedures. These lights are adjustable in both intensity and positioning to optimize lighting conditions across different surgical scenarios, minimizing shadows and ensuring clear visibility of the surgical field.
Within the surgical lights market, the primary types include halogen and light-emitting diode (LED) lights. Halogen surgical lights utilize halogen gas to enhance brightness and improve the color spectrum of the light, delivering essential bright, white illumination necessary for surgical visibility. These lights find applications in various surgical fields such as cardiac surgery, gynecological surgery, neurosurgery, ENT surgery, among others, serving diverse end-users including hospitals, ambulatory surgery centers, and procedure rooms.
The surgical lights market research report is one of a series of new reports from The Business Research Company that provides surgical lights market statistics, including the surgical lights industry global market size, regional shares, competitors with surgical lights market share, detailed surgical lights market segments, market trends, and opportunities, and any further data you may need to thrive in the surgical lights industry. These surgical lights market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The surgical lights market size has grown strongly in recent years. It will grow from $2.98 billion in 2023 to $3.15 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historical period can be credited to government investments, a significant increase in surgical procedures, rising demand for advanced healthcare facilities, an upsurge in surgical procedures driving demand, and global expansion of the healthcare sector.
The surgical lights market size is expected to see strong growth in the next few years. It will grow to $3.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period is driven by the increasing number of hospitals, growing demand for surgical lights, rising medical tourism, continuous advancements in surgical light technologies, and a preference for energy-efficient lighting. Key trends expected during this period include technological innovations, the rapid expansion of ambulatory surgical centers (ASCs), advancements in digital imaging technology, increasing adoption of LED lights, and the rise of minimally invasive surgeries.
The growth of the surgical lights market is expected to be driven by the increasing number of hospitals, which is attributed to rising healthcare demand, population growth, and advancements in medical technology. Surgical lights play a crucial role in modern healthcare by improving surgical outcomes, reducing risks, and enhancing patient safety through enhanced visibility and control during procedures. For instance, in May 2023, the American Hospital Association reported that the number of hospitals in the United States rose to 6,129 from 6,093 in 2022, underscoring the significant role of hospital expansion in driving market growth.
Leading companies in the surgical lights market are focusing on innovation to develop products such as flexible surgical lights, which are designed to enhance surgical precision and efficiency. These lights feature adjustable arms, joints, and heads that allow for versatile positioning in operating rooms to illuminate specific areas during procedures. For example, in November 2022, Mindray launched the HYLED C series HyLED C8/C7/C5, incorporating advanced optics and flexibility to optimize surgical environments with features such as intelligent light distribution, adjustable color temperature, and an intuitive control interface. This innovation reflects a strategic approach to meeting the evolving needs of healthcare facilities by integrating digital capabilities into surgical lighting.
In December 2023, Medical Illumination International expanded its portfolio of surgical and medical lighting solutions through the acquisition of Isolux LLC, a US-based provider of innovative lighting solutions for medical and surgical applications. This acquisition is expected to further enhance Medical Illumination's capabilities and contribute to advancements in patient care.
Major companies operating in the surgical lights market are Koninklijke Philips N.V., Stryker Corporation, Olympus Corporation, Steris Plc, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Hill-Rom Services Inc., Getinge AB, Integra LifeSciences Corporation, KLS Martin SE & Co., A-dec Inc., Bender GmbH & Co. KG., Amico Group of Companies, Skytron LLC, Bruton Medical LLC, Herbert Waldmann GmbH & Co. KG, Avante Health Inc., SIMEON Medical GmbH & Co. KG, Brandon Medical Co. Ltd., Dr. Mach GmbH & Co. KG, BihlerMed, Luxtel LLC, Sunnex Inc., Matrix Medicals Private Limited, NUVO, Koinamed India Pvt Ltd
North America was the largest region in the surgical lights market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical lights market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the surgical lights market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The surgical lights market consists of sales of mobile surgical lights, hybrid surgical lights, examination lights, light heads, and control panels and systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Surgical Lights Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on surgical lights market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for surgical lights ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The surgical lights market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.