Surgical Lights Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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How has the surgical lights market grown in recent years?
The market for surgical lights has seen a remarkable growth in the recent past. The present value of $3.15 billion in 2024 is expected to increase to $3.34 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. The historic period’s growth is a result of factors such as government funding, a noticeable increase in surgical operations, the escalating demand for high-end health care facilities, a steep rise in the need for surgical procedures and global expansion of the healthcare sector.
How is the surgical lights market size expected to evolve during the forecast period?
The surgical lights market size is expected to see strong growth in the next few years. It will grow to $4.19 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rising number of hospitals, rising in the demand for surgical lights, increasing medical tourism, increasing number of technical advancements in surgical lights, and rising preference for energy-efficient lighting. Major trends in the forecast period include technological innovations, rapid growth of ambulatory surgical centers (ASCs), advancements in digital imaging technology, increasing adoption of LED lights, and rise in minimally invasive surgeries.
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Which key drivers are propelling the surgical lights market’s growth?
The growth of the surgical lights market is anticipated to be boosted by the escalating number of hospitals. This increase in the number of hospitals can be ascribed to a rise in healthcare needs, population expansion, and progress in medical technologies. Surgical lights have become vital instruments in contemporary healthcare environments, aiding in superior surgical results, minimizing hazards and promoting patient safety by providing superior visibility and administration during surgical procedures. For example, the American Hospital Association (AHA), a nationwide organization based in the United States, reported that the total count of hospitals in the United States was 6,129 in May 2023, an increase from 6,093 hospitals in 2022. Hence, the escalating number of hospitals is fueling the growth of the surgical lights market.
What are the market segments in the surgical lights industry?
The surgical lights market covered in this report is segmented –
1) By Type: Halogen, Light-Emitting Diode (LED) Lights
2) By Application: Cardiac Surgery, Gynecological Surgery, Neurosurgery, Ear, Nose, And Throat (ENT) Surgery, Other Applications
3) By End-User: Hospitals, Ambulatory Surgery Centers, Procedure Rooms, Other End-Users
Subsegments:
1) By Halogen Lights: Fixed Halogen Surgical Lights, Mobile Halogen Surgical Lights, Dual-Head Halogen Surgical Lights
2) By Light-Emitting Diode (LED) Lights: Single-Head LED Surgical Lights, Dual-Head LED Surgical Lights, Surgical LED Ceiling Lights, Surgical LED Wall-Mounted Lights
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Who are the key firms paving the way for growth in the surgical lights market?
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
What key trends are currently impacting the surgical lights market’s development?
Key players in the surgical lights market are zeroing in on the development of cutting-edge products like flexible surgical lights to increase surgical accuracy and productivity. Flexible surgical lights are versatile lighting systems engineered for adaptability and easy movement. These accommodate the changing requirements of contemporary operating rooms, typically having adaptable arms, joints, and heads that can be conveniently adjusted to light up varying parts of the surgical field as per the need of the hour. For example, in November 2022, Mindray, a medical device firm based in China, introduced the HYLED C series HyLED C8/C7/C5. This revolutionary surgical light integrates technologies in optics and flexibility to improve the surgical environment. It comes with features that include intelligent light distribution, adaptable color temperature, and a streamlined control interface. This progress demonstrates a calculated move towards fusing digital functionalities into surgical lighting, serving the growing demands of current healthcare facilities. The HyLED C series amplifies visibility and operational efficiency for professionals within the operating room.
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Which regions are most influential in expanding the surgical lights market?
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.
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