The North America Surgical Lights Market would witness market growth of 5% CAGR during the forecast period (2020-2026). Evolution of new and technologically superior surgical lighting systems; a rise in the number of surgical procedures performed in various clinical areas, a favorable reimbursement scenario, a rise in the incidence and prevalence of lifestyle diseases requiring surgical interventions and an increase in healthcare spending capacity globally are the factors expected to fuel the growth of the global economy. Nonetheless, the high cost of LED surgical lighting systems and the possibility of burns associated with the use of high lux light sources are factors that limit the market.
Hospitals focus on providing improved healthcare facilities and equipping hospitals with the latest equipment and technologies to improve healthcare services. These are significant factors that can drive the market growth for surgical lights. Supportive government policies and programs, such as tax and duty exemptions for imported medical systems and medications and discounted prices for hospital establishments, to boost the country's health facilities, are further contributing to the market growth of surgical lights.
Increasing specifications and regulatory approvals required by the government for operating room equipment are also growing the demand for surgical lights, as manufacturers are increasingly investing in expanding their product range according to regulatory standards across regions.
Based on Type, the market is segmented into Halogen and LED. Based on Application, the market is segmented into Cardiac Surgery, Gynecological Surgery, Neurosurgery, ENT Surgery and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Surgical Lights Market in North America is expected to register a CAGR of 5% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.).
Market Segmentation:
By Type
By Application
By Country
Companies Profiled
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