Published Date: 14-May-2020
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According to a new report Global Surgical Lights Market, published by KBV research, The Global Surgical Lights Market size is expected to reach $3.6 billion by 2026, rising at a market growth of 5.7% CAGR during the forecast period.
Halogen lights had the highest market share in 2019 due to quick and universal availability. On the other hand, LED lights are expected to record the fastest CAGR over the projected period due to increasing awareness, incentive programs to enable major healthcare facilities to install LED lighting, and enhanced attempts to enhance the patient experience.
The segment of cardiac surgery expected to record the fast growth over the forecast period due to the growing prevalence of cardiac diseases. Gynecological surgery has the second-largest market share owing to the growing number of childbirths in the C-section worldwide.
The Hospital Operating Room segment is projected to have the largest market share over the forecast period due to the growing number of well-equipped hospitals worldwide. Hospitals' growing interest in upgrading the Operation Rooms (ORs) is projected to drive progress. In addition, growing demand for advanced and hybrid ORs and growing investment in better-treatment facilities are also anticipated to drive growth.
The North America market dominated the Global Surgical Lights Market by Region in 2019. The Europe market is experiencing a CAGR of 5.4% during (2020 - 2026). Additionally, The Asia Pacific market is poised to grow at a CAGR of 7% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/surgical-lights-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hill-Rom Holdings, Inc., Koninklijke Philips N.V., Integra LifeSciences Holdings Corporation, Steris PLC, A-dec, Inc., Engineered Medical Solutions Company, LLC (BihlerMED), Herbert Waldmann GmbH & Co. KG, CV Medical, LLC, Skytron, LLC, Sunnex Group (Amplex Group Pty. Ltd.).
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