Medical Lighting Technologies Market accounted for US$ 2.13 billion in 2020 and is estimated to be US$ 3.42 billion by 2030 and is anticipated to register a CAGR of 5.30%. Poor illumination spectrum can lead to poor operating team performance and well-being, quality, and safety of the workplace which leads to adverse impacts on the patient. Due to the infrastructure development of multispecialty hospitals across countries, demand for a medical lighting system has increased. The use of advanced lighting systems has been shown to grow rapidly in hospitals, as lighting products are widely used in different hospital applications.
The report “Global Medical Lighting Technologies Market, By Product (Surgical Lighting Systems, Examination Lighting Systems, and Specialty Lighting and Accessories), By Technology (Led Lighting Technology, Fluorescent Lighting Technologies, Incandescent, and Halogen Lighting Technology, and Other Technology), By Application (Operating Room/Surgical Suites, Examination Rooms, Intensive Care Units (ICU), and Others Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
· In 2020, Koninklijke Philips N.V. announced acquisition of intact vascular to extend its portfolio of minimally invasive treatment solutions for peripheral artery disease.
· In 2019, Getinge AB acquired Applikon Biotechnology B.V.
Analyst View:
Rising incidence of chronic diseases among individuals has led to advancements in medical lighting systems which is expected to propel the growth of the global market over the forecast period. LED lighting technology, like in all other lighting applications, is also taking over the medical lighting application. Due to the round-the-clock surgical operations and high lumen output requirements, hospitals devote a significant portion of their energy usage to the lighting. However, the high cost of LED lighting fixtures and a lack of awareness regarding the latest lighting technologies and products are the major factors hindering the global medical lighting technologies market.
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Key Market Insights from the report:
The Global Medical Lighting Technologies Market accounted for US$ 2.13 billion in 2020 and is estimated to be US$ 3.42 billion by 2030 and is anticipated to register a CAGR of 5.30%.
The global medical lighting technologies market is segmented based on products, technology, application, and region.
· By Product Type, the Global Medical Lighting Technologies Market is segmented into Surgical Lighting Systems, Examination Lighting Systems, and Specialty Lighting and Accessories.
· By Technology, the Global Medical Lighting Technologies Market is segmented into Led Lighting Technology, Fluorescent Lighting Technologies, Incandescent, and Halogen Lighting Technology, and Other Technology.
· By Application, the Global Medical Lighting Technologies Market is segmented into Operating Room/Surgical Suites, Examination Rooms, Intensive Care Units (ICU), and Others Applications.
· By region, the Global Medical Lighting Technologies Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape:
The key players operating the global medical lighting technology market involves Brandon Medical Co. Ltd., Burton Medical Cree Inc., Products Corporation, Daray Medical, Dragerwerk AG & Co. KGaA, DRE Medical, Eaton Corporation plc, Getinge AB, Herbert Waldmann GmbH & Co.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
