Global Surgical Light Source Market, By Type (Xenon Light Source, LED Light Source, Halogen Light Source, Other), Product Configuration (Ceiling Mounted Surgical Lighting Systems, Mobile Surgical Lighting Systems, Wall Mounted Surgical Lighting Systems, Compact Surgical Lighting Systems, Modular Surgical Lighting Systems), End User (Hospital Operating Rooms, Ambulatory Surgical Centers, Others), Application (Cardiac Surgery, Neurosurgery, ENT Surgery, Dental Surgery, Gastrointestinal Tract Surgery, Gynecological Surgery, Ano-Rectal Surgery, Others) – Industry Trends and Forecast to 2029.
Surgical Light Source Market Analysis and Size
LED lighting is the most commonly used light source in open surgery. They aid in the reduction of shadows during open surgery. LED lighting is expected to have a significant market share due to its long-term cost savings, quantity and quality of illumination, and acceptable illumination intensity. Furthermore, LED lighting is most widely accepted in surgical settings with several advantages over traditional lighting, such as shadow dilution, correlated colour temperature, homogeneity, and colour rendering index. Other surgical lights, such as halogen or gas discharge bulbs, also consume more power than LEDs, making them less desirable.
Data Bridge Market Research analyses that the surgical light source market which is expected to reach at a healthy CAGR during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Surgical Light Source Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Xenon Light Source, LED Light Source, Halogen Light Source, Other), Product Configuration (Ceiling Mounted Surgical Lighting Systems, Mobile Surgical Lighting Systems, Wall Mounted Surgical Lighting Systems, Compact Surgical Lighting Systems, Modular Surgical Lighting Systems), End User (Hospital Operating Rooms, Ambulatory Surgical Centers, Others), Application (Cardiac Surgery, Neurosurgery, ENT Surgery, Dental Surgery, Gastrointestinal Tract Surgery, Gynecological Surgery, Ano-Rectal Surgery, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Stryker (U.S.), STERIS (U.S.), Integra Lifesciences (U.S.), Torontech Inc. (Canada), Getinge AB (Sweden), Skytron LLC (U.S.), DRE Medical (U.S.), ONTOPx GmbH (Germany), NuVo Technologies, Inc. (U.S.), Hill-Rom Holdings, Inc. (U.S.), A-dec Inc. (U.S.), Engineered Medical Systems, LLC (U.S.), Herbert Waldmann GmbH & Co. KG (Germany), Karl Storz (Germany), Olympus Corporation (Japan), Excelitas Technologies Corp. (Canada), BFW Inc. (U.S.), Cuda Surgical (U.S.)
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Market Opportunities
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Market Definition
Surgical lights, also known as surgical lighting or operating lights, are commonly used to provide high-quality lighting for treatments in hospital operating rooms and ambulatory surgery centres, among other places. Precise surgical illumination is critical for patient safety and staff comfort. It should be designed in such a way that the medical team can focus solely on the surgical procedure.
Global Surgical Light Source Market Dynamics
Drivers
- Rising usage of surgical lights
The growing number of hospitals in developing countries and the increasing acceptance of advanced LED surgical lights are the major factors driving the surgical light source market's growth. According to data published by the India Brand Equity Foundation (IBEF) in 2018, the presence of tier-1 hospitals in India was around 40% in 2015 and was expected to grow further in the future due to public and private funding and favourable government policies, such as tax and duty exemptions for imported medical systems and drugs, and subsidised rates for hospital establishments. This factor is likely to increase demand in the country for advanced LED surgical lights.
- Government Initiatives
The initiatives the Indian and Chinese governments take to improve healthcare, subsidies to organizations for medical facility investments, and increased investments in various healthcare institutions are among the major factors driving market growth. For instance, ALP, introduced the DASSL (Diffuse Asymmetric Symmetric Surgery Lens) for recessed or surface-mounted luminaires in operating rooms in March 2021. The novel biassed diffuse microstructure lens improves LED hiding power, smooth distribution, and symmetrical (along the axis) and asymmetrical lighting distributions (cross axis).
Opportunities
- Technological advancements
Rapidly expanding scientific knowledge and expanding engineering are two important factors driving technological advancements in the surgical light source market. These initiatives resulted in the Da Vinci surgical system, dialysis machine, pacemaker, and other products. Furthermore, these advancements are expected to fuel growth avenues in the surgical light source market.
Restraints/Challenges
- High cost of surgical light source
High cost of surgical light source, high price of LED surgical lighting systems and risk of burns related to usage of high lux light sources will obstruct the market's growth rate.
This surgical light source market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the surgical light source market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Surgical Light Source Market
The surgical light source market's growth has been hampered by a drop in the number of surgeries and procedures as a result of the COVID-19 pandemic. Elective and other routine procedures were cancelled or rescheduled, allowing critical care units to use the operating and recovery rooms for COVID-19 patients. Manufacturers were forced to stop producing surgical lights, due to the closure of facilities, reduced manpower, and disruption in the supply chain during the initial phase of the outbreak. During the early pandemic phase, such incidents hampered market growth. Emerging complications with the SARS-CoV-2 virus, have resulted in an increase in surgical complications, ultimately increasing the total number of surgeries performed in the countries.
Global Surgical Light Source Market Scope
The surgical light source market is segmented on the basis of type, product configuration, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Xenon Light Source
- LED Light Source
- Halogen Light Source
- Other
Product Configuration
- Ceiling Mounted Surgical Lighting Systems
- Mobile Surgical Lighting Systems
- Wall Mounted Surgical Lighting Systems
- Compact Surgical Lighting Systems
- Modular Surgical Lighting Systems
End User
- Hospital Operating Rooms
- Ambulatory Surgical Centers
- Others
Application
- Cardiac Surgery
- Neurosurgery
- ENT Surgery
- Dental Surgery
- Gastrointestinal Tract Surgery
- Gynecological Surgery
- Ano-Rectal Surgery
- Others
Surgical Light Source Market Regional Analysis/Insights
The surgical light source market is analyzed and market size insights and trends are provided by country, type, product configuration, application and end user as referenced above.
The countries covered in the surgical light source market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the surgical light source market due to the growing number of surgical procedures and growing demand for advanced technologies in surgical lighting.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the rising number of surgical procedures and several government initiatives.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The surgical light source market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for surgical light source market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the surgical light source market. The data is available for historic period 2010-2020.
Competitive Landscape and Surgical Light Source Market Share Analysis
The surgical light source market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to surgical light source market.
Some of the major players operating in the surgical light source market are:
- Stryker (U.S.)
- STERIS (U.S.)
- Integra Lifesciences (U.S.)
- Torontech Inc. (Canada)
- Getinge AB (Sweden)
- Skytron LLC (U.S.)
- DRE Medical (U.S.)
- ONTOPx GmbH (Germany)
- NuVo Technologies, Inc. (U.S.)
- Hill-Rom Holdings, Inc. (U.S.)
- A-dec Inc. (U.S.)
- Engineered Medical Systems, LLC (U.S.)
- Herbert Waldmann GmbH & Co. KG (Germany)
- Karl Storz (Germany)
- Olympus Corporation (Japan)
- Excelitas Technologies Corp. (Canada)
- BFW Inc. (U.S.)
- Cuda Surgical (U.S.)
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