According to a newly published research report by Research Nester on “Minor Surgical Lights Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the minor surgical lights in terms of market segmentation by product type, by modality, by application, by end user industry and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The minor surgical lights market is segmented by product type, modality, application and end user industry. Based on product type, the market is segmented into convention lights and LED lights. On the basis of modality, the market is segmented into ceiling and wall mounted and floor stand market. On the basis application, the market is segmented into endoscopy procedures, surgical suites, dental procedures and others. Further on the basis of end user industry, the market is segmented into ambulatory surgical centers, hospital operating rooms and procedure rooms. The minor surgical lights market is anticipated to record a CAGR of around 4.5% over the forecast period i.e. 2019-2027. The market is segmented by product type, modality, application and end user industry. By product type, the LED light segment is anticipated to have significant growth on account of consumption of less electricity and brighter illumination.
Asia Pacific is projected to observe robust absolute $ opportunity during the forecast period owing to presence of large number of hospitals in the region and rising number of surgical interventions. The region would showcase upliftment due to expanding demand for LED lights in the operating rooms. Expanding demand for cost-effective surgical lighting solutions and rising number of patients requiring surgical procedures is expected to foster the growth of the minor surgical lights market. Europe is expected to grow significantly on the back of adoption of LED lights in the region, increasing number of surgical light suppliers and distributors, increasing demand for operating room lighting and presence of major market players. North America is expected to grow significantly attributing to rise in incorporation of specialty clinics, growth of medical device sector, increasing number of specialty care services and rapid development of healthcare technology. According to the Agency for Healthcare Research and Quality reported, in 2014, in the U.S., nearly 11 million and 10 million invasive and therapeutic surgeries were carried out in ambulatory and in-patient settings respectively. Latin America and Middle East and Africa region are expected to show delayed growth on the back of lack of funding to hospital in order to purchase costly surgical equipment. Middle East and Africa is expected to grow on the back of increasing availability of specialty care services. Africa is expected to grow owing to demand for primary care services.
Rising Number of Surgical Procedures
Due to increasing prevalence of lifestyle diseases, the demand for surgical intervention increases and to carry out surgical procedures, minor surgical lights are required which is expected to boost the growth of the minor surgical lights market.
However, high cost of surgical equipment is expected to operate as a key restraint towards the growth of minor surgical lights market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the minor surgical lights market which includes company profiling of Stryker Corporation, Steris PLC, Skytron Corporation, NUVO Surgical, Koninklijke Philips N.V., Hill- Rom and Bovie Medical Corporation.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the minor surgical lights market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.