The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2021-2026)
- Forecast CAGR (2021-2026): 4%
The global surgical light market is driven by the developing healthcare facilities. The increasing number of hospitals, growing investment in better equipment, and increase in global geriatric population driving the demand for surgical lights. Additionally, stringent regulations for quality, easy product availability, demand for technically advance surgical lights for better & enhanced visibility and developing healthcare facilities are few factors driving the growth. Further, the development in LED lights market will aid the growth in the forecast period.
Industry Definition and Major Segments
The surgical light is a powerful light used in surgical procedure for illuminating the area to be operated. It has an adjustable arm that allows for the best focusing. It is primarily white coloured light with ability to eliminate shadows.
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By type, the market is divided into:
- Halogen Lights
- CFLs Lights
- LED Lights
On the basis of the product, the market is segmented into:
- Laser Light Lamps
- Dental Light Lamps
- Ceiling Mount Surgical Lamps
- Surgical Headlight Lamps
By application, the market is categorised into:
- Gynaecological Surgery
- Cardiac Surgery
- ENT Surgery
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Regionally, North America is the largest shareholder in the global surgical lighting market. This can be attributed to developed healthcare facilities, adoption of technologically advanced products, and growing demand for minimally invasive surgery. Europe is projected to follow next owing to factors similar to North America and few others such as increase in geriatric population, rising prevalence of lifestyle diseases, growing awareness about surgical procedures, and presence key market players. Meanwhile, Asia Pacific and Latin America are expected to witness fastest growth in the forecast period due to rapidly developing medical and healthcare infrastructure because of government and private investment, and rising health awareness among populace.
Key Market Players
The major players in the market are Steris plc, Skytron, LLC, Integra LifeSciences Corporation, S.I.M.E.O.N. Medical GmbH & Co. KG, Getinge AB, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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