Medical Lighting Technologies Market Size, Share and Global Trend By Product (Surgical Lights, Examination Lights, Speciality Lights and Accessories), By Technology (LED, Halogen, Incandescent), By End-User (Hospitals, Outpatient Facilities, Dental Hospitals) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
In October 2018, a significant player in the medical lighting technologies market, Gentinge AB launched Maquet PowerLED II Surgical Lights with enhanced visualizations for the improvement of surgical outcomes. Medical lighting technologies refers to the various forms and types of lights which are utilized during all healthcare procedures. Medical lighting often is used in a variety of circumstances for a variety of applications.
The type and form of the medical lighting are often different for the variety of applications; it may be slightly different in settings of conventional hospitals and may be different for ambulatory surgery centres. For instance, there are specialized medical lighting technologies in mobile operating theatres, and there are specialized medical technologies for specialist surgical applications. Some of the newest technologies in the medical lighting technologies market include the HD-LED light and also medical lighting technologies that generate a cold light.
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The global medical lighting technologies market is anticipated to grow owing to several factors such as the increasing number of medical facilities such as hospitals worldwide, increasing adoption of energy-efficient medical lighting technologies in emerging markets, and an increasing number of medical procedures and interventions.
Moreover, increasing instances of visits to medical institutions for examinations and procedures, new product launches and increasing trend of development of healthcare infrastructure globally is projected to offer a favourable environment for the growth of the medical lighting technologies market during the forecast period. For instance, according to a study conducted by the American Dental Association in 2017, the number of dental hospitals in the U.S. grew by an estimated 10.0% during the last decade.
However, certain factors, such as the higher cost of medical lightings installation and maintenance are projected to hamper the growth of the global medical lighting technologies market during the forecast period.
Key Players Covered
Some of the major companies that are present in the global medical lighting technologies market are Koninklijke Philips N.V., Hubbell, GENERAL ELECTRIC COMPANY, Eaton, Acuity Brands Lighting, Inc., Cree, Inc., Zumtobel Group AG, Herbert Waldmann GmbH & Co. KG, KLS Martin Group., TRILUX Lighting Ltd., and others.
SEGMENTATION
SEGMENTATION | DETAILS |
By Product | · Surgical Lights · Examination Lights · Speciality Lights and Accessories |
By Technology | · LED · Halogen · Incandescent · Others |
By End-User | · Hospitals · Outpatient Facilities · Dental Hospitals · Others |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
Among the segmentation, LED in the technology segment is projected to register comparatively higher CAGR owing to increasing adoption fo LED lights due to its higher benefits.
Key Insights
- The regulatory scenario for key countries
- New product launches
- Technological advancements in medical lighting technologies market
- Recent industry developments such as partnerships, mergers, and acquisitions
Regional Analysis
Based on region, the global medical lighting technologies market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global medical lighting technologies market owing to rapidly increasing healthcare facilities, increasing number of surgeries, and extensively rising healthcare expenditure. The Asia Pacific and Middle East & Africa also hold significant potential for the growth of the medical lighting technologies market owing to the growing number of hospitals and clinics, growing demand for superior healthcare infrastructure and higher adoption of advanced technologies with the aim to offer better patient experience.
Key Industry Developments
- In July 2019, Orient Electric launched EyeLuv LED light, a flicker-control technology enabling reduction in impact of invisible flickers on human eyes.
- In March 2019, Stryker launched new visualization platform with aim to improve the visualization during orthopaedic surgeries.
- In August 2015, GE Healthcare announced the strategic partnership with Beacon Lighting, Australia with an aim to expand its LED business in Australia and New Zealand market.
- Ongoing
- 2023
- 2019-2022
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