"We Envision Growth Strategies Most Suited
to Your Business"

Surgical Lights Market Size to Hit USD 852.8 Million by 2027; Gentex Corporation Launches Innovative Light Technology to Boost its Sales Revenue

August 31, 2020 | Healthcare

The global surgical lights market size is expected to gain momentum by reaching USD 852.8 million by 2027. This is attributable to the increasing number of surgical procedures that propel the demand for these lights across the globe. Fortune Business Insights, in its latest report, titled, “Surgical Lights Market Size, Share & Industry Analysis, By Technology (LED, and Halogen), By End User (Hospitals & ASC’s, Specialty Clinics, and Others (Procedure Rooms, etc.)) and Regional Forecast, 2020-2027.”, observes that the market stood at USD 596.9 million in 2019 and is projected to exhibit a CAGR of 4.6% between 2020 and 2027.


Gentex Launches Smart Lighting System for Medical Systems


In January 2020, Gentex Corporation, a leading electronic solutions provider, announced the launch of its smart lighting technology in collaboration with Mayo Clinic for several medical applications. The innovative technology consists of a series of ceiling-mounted surgical lights with dynamically adjusting LED arrays and a series of flush that efficiently focuses illumination whenever required. Additionally, the smart system adopts hand gestures and voice commands, along with an integrated machine-vision optical camera to establish the desired lighting zone during a surgery.


Gentex Chief Executive Officer, Steve Downing, said, “We have a rich history in combining camera systems with controlled algorithms that effectively manipulate light. However, medical applications bring in a host of exciting opportunities and challenges. We are thankful for our cross-disciplinary collaboration that has led to the development of an advanced prototype lighting system. We believe that our innovation has the potential to transform the way patient care is delivered.”  This initiative by the company is expected to strengthen its position in the global operating lights market and boost sales revenue in the forthcoming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/surgical-lights-market-101952


Increasing Surgical Procedures to Favor Growth


The increasing prevalence of chronic disease and the rising per capita healthcare expenditures are driving the demand for surgical procedures across the globe. The massive increase in surgical procedures such as cardiovascular, dental, and neurological are boosting the adoption of these lights for a longer duration in the operation theatre. For instance, according to the data by Eurostat, in 2017, around 4.7 million cataract surgeries were conducted across several EU member states. The increasing adoption of surgical procedures is expected to contribute to the global surgical lights market growth during the forecast period.


Key Players are Capitalizing on Opportunities by Diversifying Their Product Portfolio


The global operating lights market is consolidated by the presence of major players such as Getinge AB and HillRom Services, Inc. These companies are striving to maintain dominance by diversifying their product portfolio by introducing innovative surgical lights to capitalize on the lucrative opportunities present in the global marketplace. The other major companies are adopting strategies such as merger and acquisition, partnership, and collaboration that is anticipated to drive the global market in the forthcoming years. 


Industry Development:



  • May 2017 – Merivaara Oy announced its collaboration with Bender UK, a prominent distributor of operating room equipment. According to the company, the agreement is aimed at distributing Merivaara Q Flow surgical lights across the United Kingdom.


List of the Companies Operating in the Global Market:



  • HillRom Services Inc. (Indiana, United States)

  • Stryker (Michigan, United States)

  • Getinge AB (Sweden)

  • Steris plc. (Ohio, United States)

  • S.I.M.E.O.N. Medical GmbH & Co. KG (Tuttlingen, Germany)

  • Technomed India (Chennai, Tamil Nadu)

  • Skytron (MI, United States)

  • BihlerMED (Phillipsburg, New Jersey)

  • Dr. Mach GmbH & Co. KG (Ebersberg, Germany)

  • Other Players


Further Report Findings:



  • Asia-Pacific is expected to remain at the forefront and hold the highest position in the global surgical lights market during the forecast period. This is attributable to the increasing development of healthcare infrastructure and the rising number of private players leveraging the opportunities provided by the hospital sector in the region.

  • The region in North America stood at USD 185.0 million in 2019 and is expected to showcase an exponential growth owing to the rapid adoption of technologically advanced LED lights by healthcare institutions and the increasing number of surgical procedures in countries such as the U.S. between 2020 and 2027.

  • The LED segment, based on technology, is expected to remain dominant backed by the increasing preference for affordable, quality, and adequate illumination capacity of LED surgical lights in hospitals across the globe.


Table of Segmentation:








































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2018



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Million)



 



By Technology



  • LED

  • Halogen



By End User



  • Hospital & ASC’s

  • Specialty Clinics

  • Others (Procedure Rooms, etc.)



By Geography



  • North America (U.S. and Canada)

  • Europe (U.K., 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, Saudi Arabia, UAE and Rest of Middle East & Africa)


Surgical Lights Market
  • PDF
  • 2019
  • 2016-2018
  • 120

    CHOOSE LICENSE TYPE

  • 4850
    5850
    6850

Our Clients

Abb
Honda
Styker
Softbank
Kaman
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X