Surgical Lights Market to grow by USD 461.45 million from 2022 to 2027, North America to account for 32% of market growth- Technavio
NEW YORK, Sept. 14, 2023 /PRNewswire/ — The surgical lights market is expected to grow by USD 461.45 million from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 4.8% during the forecast period, according to Technavio Research. The market has been segmented by end-user (hospitals, ambulatory surgical centers, and others), type (LED lights and halogen lights), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). North America is estimated to contribute 32% to the growth of the global market during the forecast period. A major factor contributing to the growth of the market in the region is the growing elderly population, together with an increase in the incidence of diseases such as diabetes and an increase in the volume of operations. In 2021, about 695,000 people in the US died from heart disease. In addition, the a high prevalence of colorectal cancer and ulcerative colitis, as well as a significant number of orthopedic and gynecological surgeries. Hence, these factors are expected to drive market growth in the region during the forecast period. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read FREE PDF Sample Report
Company Profile:
AMS OSRAM AG, Aspen Surgical Products Inc., Baxter International Inc., BET MEDICAL (P) LTD., Bihler of America Inc., Dragerwerk AG and Co. KGaA, EPMD Group Pvt. Ltd., Getinge AB, Hail Mediproducts Pvt. Ltd., Herbert Waldmann GmbH and Co. KG, HOSPEDIA MEDICARE Pvt. Ltd., IG Medical GmbH, Integra Lifesciences Corp., medifa GmbH, Midmark India Pvt. Ltd., S.I.M.E.O.N. Medical GmbH and Co. KG, SKYTRON LLC, STERIS plc, Stryker Corp., and Sunoptic Surgical
- AMS OSRAM AG – The company offers surgical lights such as XBO Xenon Short Arc Discharge Lamps.
To gain access to more vendor profiles available with Technavio, buy the report!
Surgical Lights Market: Segmentation Analysis
The market share growth by the hospitals segment will be significant during the forecast period. This is due to the presence of a wide range of medical specialties to treat and cure various medical conditions with the help of surgical procedures that require operating lights. Hence, these factors are expected to drive market growth during the forecast period.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
“Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021”- Technavio
Surgical Lights Market – Market Dynamics
Key Driver
- Increase in prevalence of chronic diseases
- Rising demand for cosmetic and plastic surgeries
- High growth potential in emerging economies
The increase in the prevalence of chronic diseases is a key factor driving market growth. The growth of the surgical lights market is driven by the increasing number of surgical procedures, coupled with the increasing incidence of chronic diseases. The prevalence of chronic diseases is increasing due to a sedentary lifestyle, environmental problems, excessive consumption of tobacco and alcohol as well as unhealthy eating habits. However, an increase in the geriatric population, coupled with age-related diseases, including orthopedic disorders, is increasing the need for surgery. Therefore, the demand for medical lights will increase as the target group increasingly has chronic diseases that require surgery as the most appropriate treatment option. Hence, these factors are expected to drive market growth during the forecast period.
Identify key trends, drivers, and challenges in the market. Download FREE sample to gain access to this information.
Related Reports:
The Nitrile Gloves Market size is estimated to grow by USD 3,586.78 million at a CAGR of 7.23% between 2022 and 2027. This nitrile gloves market report extensively covers market segmentation by product (disposable and durable), end-user (medical and non-medical), and geography (APAC, North America, Europe, South America, and Middle East and Africa). A key factor shaping the nitrile gloves market growth is the increasing preference for biodegradable and powder-free nitrile gloves.
The Angiography Devices Market size is estimated to grow by USD 4,072.09 million at a CAGR of 6.04% between 2022 and 2027. This Angiography Devices Market report extensively covers market segmentation by application (diagnostic and therapeutic), end-user (hospitals and clinics, diagnostic and ambulatory surgery centers, and research laboratories and institutes), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). A key factor shaping the angiography devices market growth is the minimization of radiation exposures.
What are the key data covered in this surgical lights market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the surgical lights market between 2022 and 2027.
- Precise estimation of the surgical lights market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the surgical lights market across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of surgical lights market companies.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-User
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
