Examination Lights Market
Number of pages: 100 | Report Format: PDF | Published date: 24 January, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market size value in 2021 |
US$ 194.0 million |
|
Revenue forecast in 2030 |
US$ 298.3 million |
|
Growth Rate |
CAGR of 4.9% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Historical Years |
2020 |
|
Segments covered |
Type, End User, and Region. |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global examination lights market was valued at US$ 194.0 million in 2021 and is expected to witness a CAGR of 4.9% during the forecast period from 2022 to 2030.
Market Fundamentals
Examination lights are medical devices used to support surgeons and other healthcare personnel during major and minor surgical procedures. They are also known as operating lights or surgical light heads. To prevent any harm to the patient, proper surgical site illumination is crucial in the operating room. Examination lights need to be consistently produced with a variety of requirements, including brightness, color rendering index (CRI), homogeneity, associated color temperature (CCT), shadow dilution, and a lot more. In hospitals and ambulatory surgical centers, led lights are most frequently utilized for surgical illumination. Surgical lights are used in operating rooms, during examinations, during dental work, and for other minor surgeries.
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Market Dynamic
Examination lights are required for various screening, diagnostic, and surgical operations, which is driving the market expansion as chronic diseases like diabetes, cancer, and others are on the rise. Therefore, the primary growth driver for this industry over the next ten years will be the increasing patient burden on healthcare institutions around the world. Governments around the world have been forced to boost their healthcare spending due to this high prevalence rate of chronic and deadly diseases. As a result, healthcare infrastructures around the world are becoming more reliable and technologically sophisticated, making this element one of the most important developments in the market for examination lights. As a result, the market would rise as examination lights were used more frequently in the screening of such diseases. Additionally, the market for examination lights is anticipated to benefit from the expansion of medical lighting technologies such as surgical lighting systems, specialty lighting, examination lighting systems, and accessories. The examination lights benefits are increasing their use in various healthcare settings, which is also supporting market growth. Moreover, the other primary factors propelling the growth of the examination lights market are the rising number of hospitals in emerging nations and the rising acceptance of modern LED lights in various diagnostic processes in different departments.
It is projected that the absence of uniform regulatory standards for examination lights will restrain market expansion. This is especially true in underdeveloped nations where there are few regulatory restrictions and few or no reviews of medical equipment to prevent the importation or use of subpar equipment, such as examination lights.
The global examination lights market has been analyzed from three perspectives: Type, End User, and Region.
Examination Lights Market by Product Type
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Based on type, the global examination lights market has been divided into LED, halogen, and others. The market for examination lighting is dominated by the LED segment. This is because the advantages provided by these lights, including adequate intensity, cost-savings, enhanced environmental performance, and quantity and quality of illumination, are beneficial. Consequently, there is a rise in the demand for LED lights among medical practitioners.
Examination Lights Market by End User
Based on end user, the global examination lights market has been divided into hospitals, clinics, and others. The market is expanding because of the rising demand for examination lights in hospitals' ward areas, treatment areas, observation areas, examination rooms, waiting and circulation areas, and operating rooms. There are numerous visual jobs in hospital environments that have specific illumination requirements. As a result, the examination illumination is created to maximize efficiency, hygiene, safety, and patient and staff well-being. As a result, there is an increased need for examination lights in hospitals for gynecology, cervical screening, dermatology, patient care, and general & emergency care, which is driving the market's expansion. The clinics' segment is anticipated to expand at a faster CAGR. The need for examination lights from these healthcare settings is rising due to the exponentially growing number of clinics, including dental, gynecological, and orthopedic clinics worldwide.
Examination Lights Market by Region
Based on region, the global examination lights market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. The global market for examination lights was dominated by North America, then by Europe. Due to the increasing number of surgeries being performed in the region, the North American examination light market is predicted to dominate the global industry. The United States hospital and healthcare infrastructure have grown because of the increased importation of technologically superior goods and rising levels of healthcare spending. Other important elements that will fuel the regional expansion include the substantial number of multi-specialty hospitals, the booming preference for minimally invasive surgery, and the rising usage of technically sophisticated LED lights.
Competitive Landscape
Some of the prominent players operating in the global examination lights market are: -
Strategic Developments
The global examination lights market is expected to grow at a CAGR of 4.3% in the forecast period.
Stryker, Technomed India, Skytron, LLC, Steris plc., and SIMEON Medical GmbH & Co. are a few key players in the global examination lights market.
The LED segment dominates the global examination lights market.
Europe region is expected to witness the highest global examination lights market growth in the forecast period.
The global examination lights market was US$ 194.0 million in 2021.
*Insights on financial permanence are subject to the availability of information in the public domain
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Snehal Deshmukh
Principle Consultant
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